Logo of Huzzle

Home

Matches

Explore

Manage

Financial Reporting Analyst

image

ING

Oct 22, 2024

  • Job
    Full-time
    Mid & Senior Level
  • Accounting & Tax
    Banking & Finance
  • Manila
  • Quick Apply

AI generated summary

  • You should have a degree in accounting or finance, IFRS knowledge, UAT testing experience, strong communication skills, and the ability to manage deliverables in an international context.
  • You will execute month-end closures, prepare financial reports, manage reconciliations, ensure compliance, improve processes, and respond to queries while collaborating with stakeholders.

Requirements

  • Graduated with a bachelor’s degree in accounting, Finance or Equivalent
  • Master’s Degree and Certified Public Accountant certification is desired
  • Basic to proficient understanding of banking knowledge and products
  • Knowledgeable on IFRS
  • Understanding of key financial markets and lending products traded in ING, as well as key EU regulations.
  • Experience of UAT testing for system changes
  • Ability to work on tasks and manage own time to meet deadlines.
  • Skilled in communicating on complex topics and solutions and must be open to ideas from others.
  • Comfortable working in in an international context.
  • Transparent, flexible, and motivated to make every day a success
  • Ensuring the Business meets all accounting & reporting requirements.
  • Responding to ad hoc queries and requirements received from head office and ensuring deliverables are met
  • Confirming activities and deliverables with respect to accounting & reporting activities for the business in addition to other projects/tasks requested.
  • Build effective working relationships and recognition with stakeholders that foster a proactive and consultative partnership.
  • Developing strong working relationships.
  • Ownership of key deliverables and reconciliations.
  • Resolution of reporting/system issues preventing timely completion of month end / daily reporting obligations.
  • Ensuring adequate documentation and reporting requirements are met.
  • Response to regulatory changes as and when they occur.
  • Escalation of issues that pose a potential significant risk or financial loss

Responsibilities

  • Execution of product and general ledger accounting and processing of monthend closure procedure
  • Preparation of regulatory reports, Balance Sheet, P&L and processing of key controls and quality controls
  • Managing of the month-end intercompany reconciliation process for ledger
  • Preparation of invoices, accruals, asset management activities, etc. (daily, monthly, quarterly, and annually, and additional reporting requests as required)
  • Creation of management information reports & dashboards
  • Process improvement around Head Office accounting & reporting functions
  • Ensuring compliance with Accounting Standards and ING financial reporting framework
  • Project related Head Office reporting requirements
  • Other ad hoc projects as requested
  • Involvement in the preparation and execution of product and general ledger entries, invoices, accruals, asset management activities.
  • Processing of monthly, quarterly & yearly closure procedures.
  • Creating management information reports & dashboards and preparing regulatory reports
  • Prepare accounting advice and investigate to solve accounting breaks.
  • Ensure compliance with policy and procedure documents including group Standards of Practice
  • Regular refresh of policy and procedure documents
  • Projects/tasks provided by Senior Management or business
  • Ad hoc projects
  • Ensuring internal and external stakeholders are informed about delivery of accounting & reporting activities during closings
  • Working with key stakeholders to align expected turnaround times for remediation, gaining approval for suggested remediation actions, and coordinating the appropriate action with the teams that are responsible for executing those actions and monitor remediation actions till closure.
  • Ensuring the Business meets all accounting & reporting requirements.
  • Responding to ad hoc queries and requirements received from head office and ensuring deliverables are met
  • Confirming activities and deliverables with respect to accounting & reporting activities for the business in addition to other projects/tasks requested.
  • Build effective working relationships and recognition with stakeholders that foster a proactive and consultative partnership.
  • Developing strong working relationships.
  • Ownership of key deliverables and reconciliations.
  • Resolution of reporting/system issues preventing timely completion of month end / daily reporting obligations.
  • Ensuring adequate documentation and reporting requirements are met.
  • Response to regulatory changes as and when they occur.
  • Escalation of issues that pose a potential significant risk or financial loss.

FAQs

What is the role of a Financial Reporting Analyst within Global Finance Services (GFS)?

The Financial Reporting Analyst is responsible for the central processing and reporting of all accounting events related to Financial Markets, Treasury, Lending, and Payments Services at ING Bank. This includes executing product and general ledger accounting, preparing regulatory reports, managing month-end procedures, and ensuring compliance with accounting standards.

What qualifications are required for this position?

Candidates should have a bachelor’s degree in accounting, finance, or a related field. A master’s degree and Certified Public Accountant (CPA) certification are desired. Knowledge of IFRS and banking products is also preferred.

What key responsibilities does this role entail?

Key responsibilities include preparing product and general ledger entries, processing monthly and yearly closure procedures, creating management information reports, ensuring compliance with policy documents, and managing communication with internal and external stakeholders.

What skills are necessary for success in the Financial Reporting Analyst role?

Necessary skills include a solid understanding of banking knowledge and products, excellent communication abilities, time management skills to meet deadlines, and the capacity to work effectively in an international context.

Is prior experience in financial markets or accounting required?

While prior experience is not strictly required, a basic to proficient understanding of banking knowledge and products, as well as IFRS, is important for the role.

Will the analyst be involved in project-related tasks?

Yes, the Financial Reporting Analyst will be involved in project-related Head Office reporting requirements as well as other ad hoc projects as requested.

Is training provided for new employees in this role?

Yes, training and support are typically provided to help new employees understand the specific accounting processes and systems used within GFS.

Where will the job be physically located?

The position is located in downtown BGC or Makati, which is the economic center of the country.

Do we provide competitive compensation?

Yes, we offer competitive compensation and allowances for employees in this role.

What is the work culture like in the GFS department?

The work culture in GFS is diverse, creative, and energized, fostering an environment where employees can collaborate and innovate together.

image

ING

Empowering people to stay a step ahead in life and in business.

Finance
Industry
10,001+
Employees
1991
Founded Year

Mission & Purpose

ING is a pioneer in digital banking and on the forefront being one of the most innovative banks in the world. As ING we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or to tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realize their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers.