Reviews and validates the accuracy and reasonableness of accounting entries prepared by the third-party outsourcing partner, including transactions such as securities trading, fixed income maturities and coupon payments, portfolio valuation and mark-to-market adjustments, as well as income and fee accruals.
Prepares regulatory reports in compliance with applicable laws, standards, and reporting requirements for fiduciary and trust operations.
Generates monthly, quarterly, and annual fiduciary financial statements.
Prepares client reports, including the Balance Sheet, Income Statement, Investment Activity Report, Return on Investment Report, and Schedule of Earning Assets/Investments, ensuring the accuracy of account balances, asset valuations, and all reports issued to clients.
Handles preparation of tax schedules, certificates, and billing invoices for clients.
Creates and posts journal entries and necessary adjustments for client accounts.
Prepares audited schedules and financial statements of managed fund accounts in accordance with regulatory requirements.
Validates the accuracy of mark-to-market valuations provided by the outsourcing partner.
Reviews and computes management and trust fees due from clients, prepares billing statements and official receipts, and monitors collections.
Performs other duties as assigned.
QUALIFICATIONS
Experience in audit firm and/or financial statements preparation of a financial institution preferably in a trust corporation.
Knowledge and expertise in various accounting standards such as PFRS and Local Statutory Requirements.
Knowledge and expertise in handling financial derivatives. Knowledge in laws and regulations governing trust corporations.
Able to timely meet internal and/or external deadlines
Basic organizational skills (planning, time management and priority management)
Proficiency in use of Microsoft Word, Excel and PowerPoint.
Must be able to handle complex problems related to financial accounting and reporting.
Must be able to provide solutions for other operations related issues such as trade processing, portfolio valuation and accounting.
