LED Management Training Services Inc. Accounting Specialist

Accounting Specialist

LED Management Training Services Inc.

£260-325[Monthly]

On-site - Pasig3-5 Yrs ExpBachelorFull-time

Description

Manage full-cycle accounting for local operations: petty cash, receivables, payables, vendor payments, and staff reimbursements
Track all operational expenses across store operations, technical service, logistics, and admin (e.g., fuel, tolls, mall fees, warehouse materials)
Verify supplier invoices and ensure proper BIR-compliant documentation (official receipts, sales invoices, delivery receipts, etc.)
Coordinate with HQ Finance Team (Vietnam) to ensure timely fund transfer, budget allocation, and correct currency conversion practices
Prepare monthly financial reports including:Trial Balance (if applicable).Cash Flow Report, Cost Allocation by Department/Store, Bank Reconciliation
Manage and compute local tax obligations, including:

VAT (Value Added Tax – sales/purchase),
Expanded Withholding Tax (EWT) for vendor services,
Income Tax compliance and quarterly filing coordination with outsourced accounting (if any)

Ensure full compliance with Philippines regulatory requirements, including but not limited to:

BIR (Bureau of Internal Revenue): OR/Invoice sequencing, filings, 2307 issuance
SSS, Pag-IBIG, PhilHealth: Monthly declarations, contributions, and remittance tracking

DOLE & SEC filings (if required for employment or business presence)
Assist in financial planning and forecasting for retail operations (store capex, incentive budgets, expansion cost, ROI tracking)
Support external audit preparation, ensure all records are traceable, complete, and updated per GAAP/local BIR audit requirements
Stay updated on Philippine laws on foreign ownership, withholding tax for offshore HQ, and any changes affecting tax obligations or remittance compliance
Provide internal controls suggestions to reduce fraud, error, and misclassification in daily retail operations

Requirements

Graduate of BS in Accounting, Finance, or related field (CPA is a plus)
At least 3-5 years of relevant work experience in accounting or bookkeeping
Knowledgeable in accounting principles, financial reports, and tax compliance
Proficient in MS Excel and accounting software (QuickBooks, SAP, Xero, etc.)
Detail-oriented, analytical, and highly organized
With integrity, confidentiality, and ability to work under pressure

Financial ManagementAccounts ReceivableSAPGeneral LedgerQuickbooksAccounting Receivable and PayableBookkeeping AccountingBill ManagementExpense ManagementStatement of Cash Flows