Job Description

What is the Role?

· Responsible for managing, processing and reconciling intercompany payables and receivables between Medicard and AIA Philippines.

· Ensure timely and accurate settlement of intercompany balances

· Collaborate closely with different teams to maintain clean, balanced and transparent intercompany accounts

What are the critical processes that is being handled by the role?

· The role's most crucial aspect is to oversee monthly reconciliation of intercompany balances. It is essential to fill this role to ensure an efficient process for maintaining the intercompany balances between entities.

What is the operational impact if this role is not filled?

· Failing to fill the role will undoubtedly have a significant impact on our capacity to process the intercompany transactions, settlements and reconciliation activities. Unreconciled balances may accumulate leading to aged items, financial statement inaccuracies and potential audit findings. Additionally, the absence of dedicated resource would place additional strain on existing finance staff.

DUTIES & RESPONSIBILITIES

· Process and record all intercompany receivable and payable transactions in the system

· Ensure proper documentation and approvals for all intercompany entries.

· Prepare monthly reconciliations of intercompany balances ensuring no variance between entities

· Reconcile intercompany accounts to ensure zero mismatches between entities.

· Identify and resolve discrepancies, mismatched balances and aging issues

· Monitor outstanding intercompany receivables and follow up to ensure timely settlement

· Verify intercompany invoices received for accuracy and completeness.

OTHER DUTIES:

· Attending/Assisting various inquiries from internal and external customers/clients.

· Performs any other related duties assigned by the Senior Accounting Supervisor, Accounting Manager and VP-Controller.

· Communicate deadlines and requirements related to intercompany transactions