general ledger specialist 1 ( Night Shift)Emerson Electric Asia Ltd. ROHQ

DescriptionThe Specialist 1, General Ledger is responsible for the processing of all Intercompany transactions (in compliance with GAAP and CP&P), including intercompany receipts allocation (netting and non-netting), reconciliation of the netting account, and raising of manual recharges. In addition, he/she will be responsible in ensuring outstanding intercompany receivables are collected within the period prescribed in the Intercompany policy and ensure proper reporting of balances between Emerson Entities.ResponsibilitiesDuty 1: Intercompany Cash Application
Extracts/receives bank statement from the banking website
Matches payment details against open invoices
Analyzes, qualifies, and completes netting application
Request details from Accounts Payable point of contact for unidentified payment
Applies payment received to open invoices
Verifies completeness of the netting application/consolidates applied invoices
Validates data for consistency
Analyze and provides input for exception items during cash application
Resolves issues/concerns regarding invoice issues contacts to customers, Site Finance, Business Units
Serves as point of escalation and generates remarks on Accounts Receivable Report
Develops and implements error-proofing method to ensure all transactions are booked accurately
Duty 2: Reporting And Reconciliation
Reconciles the Netting receivable and payable balance by verifying discrepancies and proposing solutions for reconciling items.
Prepares and post the journal entry related to the identified reconciling items (bank charges, forex difference, cash pool transactions)
Communicates with Site POC and Accounts Payable contact any reconciling item in the netting reconciliation
Escalates resolution of outstanding reconciling items based on escalation matrix if no response is received from the POC
Secures approval from the site finance heads and approvers for the issuance of credit/debit note to offset, approval of variance to pay, etc...
Prepares KPI reports/charts from requirement provided by stakeholdersDuty 3: Reports and Reconciliation
Chases for the payment of long overdue accounts by sending follow up emails to the Accounts Payable contacts
Identifies/review and resolves invoicing issues
Escalates to the Regional Accountant or next level manager any non-responsive Accounts Payable POC
Validate and resolves minor disputes (example: wrong currency used in invoice, incorrectly billed company), by recommending corrective actions to the appropriate site POCs.
Duty 4: Intercompany Recharges
Generates the cost center balances for recharge for the period and prepares the draft of the invoices
Validates dispute by checking the records and supporting documents for accuracy
Identifies/reviews and resolves invoicing issues
Reviews and sends the invoice drafts to the Regional Accountants and site POC for approval
Books cost center invoices into Oracle once approved and send to the Accounts Payable site contact
Raises disputes on the invoices to the issuing site Point of Contact and Regional Accountant.Additional Information The job requires extended working hours and accountability for an accurate and timely submission of deliverables which may fall on weekends or Philippine holidays.
Requirements
Education: Bachelor's Degree in Accountancy or any Accounting related courses
Job Related Experience:
At least 6 months work experience in General Accounting or audit.
Specific Knowledge:
• Basic knowledge in MS Office applications and with background in using MS Outlook.
• Practical knowledge of ERP application
Skills:
• English Communication skills (oral and written)
• Analytical Skills
• Attention to details skills
• Interpersonal skills
• Ability to follow detailed workflow and instructions
• Time/Work management skills