Job Description

Be #InGoodHands with Metrobank!

Here at Metrobank, we don't simply hire employees—we hone future leaders. We provide opportunities that enhance your skills and unlock your talents, helping you evolve into a well-rounded individual. We supply you with all the pieces you need to do your best work, unleashing your full potential to help you secure your future and lead a fulfilling career. And with Metrobank's strong heart for the community, you have the chance to give back and make worthwhile contributions to our nation's economic and social development. With Metrobank, a meaningful life is within your reach!

Position Title: Accounting Standards Specialist

• Monitors compliance by concerned units with the requirements for the implementation of international accounting standards. Reviews Bank contracts and maintains contracts database to document the review process.

Role Exposure:

Accounting Standards and Review Section

• Ensures that all concerned units are in compliance with the submission requirements for bank contracts and other supporting documents.
• Reviews all non-standard contracts (term sheets, investment securities, loan agreements, purchase orders, service agreements, intercompany contracts, etc.).
  • Gathers all non-standard contracts and other supporting documents from originating units
  • Identifies contracts with possible embedded derivatives
  • Evaluates whether embedded derivatives should be bifurcated and recommends proper accounting treatment for transactions.
  • Summarizes all contracts with embedded derivatives that require valuation and bifurcation
• Coordinates with Treasury Group and Risk Management Group for the valuation of embedded derivatives.
• Ensures bifurcation of embedded derivatives and proper treatment of transactions.
• Reviews and evaluates significant contracts and identifies applicable accounting standards.
• Evaluates completeness and compliance with accounting and financial reporting standards of quantitative and qualitative financial statements disclosures provided by banking units, subsidiaries and associates.

Others

• Performs other related functions that may be assigned from time to time.

Qualifications:

• Bachelor’s Degree in Accountancy
• Fresh graduates are encouraged to apply
• Willing to work on-site

Other Details:

Rank: Rank and File

Unit: Financial & Control Sector / Controllership Group / Institutional Accounting Division / Group Financial Reporting Standards Department

Location:Metrobank Center BGC, Taguig City