principal Accountant jobBoston Scientific

Purpose
Responsible to support the Finance function to provide timely and accurate reporting in accordance with both local regulations (legal entity reporting) and US GAAP requirements.
Performs a variety of complex duties in general accounting such as reconciling and analyzing accounts, preparing reports and performing the monthly financial. Measures performance against key performance indicators and metrics, and continually identifies ways to improve and streamline processes.
To manage all aspects of credit and collections for a portfolio of major accounts, including analysis of credit risk, establishment of credit lines, and collection strategies for the portfolio. In addition, to develop a working knowledge of major accounts and assist Collectors with the implementation of effective strategies for managing these accounts.
Key Responsibilities
Ensures that all accounting processes and controls are executed in a timely manner, in compliance with Corporate and local policies and deadlines. This includes Accounts Payable/Receivable, General Ledger, Month-end Close, and monthly/quarterly/annual reporting.
Assures financial accuracy by preparing divisional and consolidated income statements and balance sheets and other accounting statements and reports.
Establishes and communicates accounting policies by maintaining a thorough understanding of GAP and new accounting guidance as appropriate.
Maintains documentation of rationale and supporting evidence for accounting judgments.
Establishes and communicates accounting policies by maintaining a thorough understanding of GAP and new accounting guidance as appropriate.
Ensures controls over cash and bank accounts, including monthly cash flow forecasts, ensure sufficient funding, maintenance of manual and electronic bank signatories, etc
Performs testing of the operational effectiveness of controls.
Manages the annual external audit and ensures timely filings.
Ensures timely and accurate completion of the Corporate tax return (including income tax and deferred tax provisions), and monthly/quarterly filings for VAT and other taxes.
Assists tax audit by working with external tax agents on the requirements.
Works closely with Global Business Services (GBS) in order to deliver the range of accounting services required.
Credit and Collections
Performs AR account reconciliation, analysis and collection calls to support collection process.
Performs analysis of credit risk, establishment of credit lines. Highlights any risk on timely basis.
Works with various departments such as customer services and sales personnel in particularly for problem accounts.
Able to create an escalation process specifically for problem accounts.
Deliveries of monthly reviews and reports and monitoring of KPIs and their drivers.
Compliance
Ensures that requirements of Corporate and Local compliance policies are embedded in local accounting procedures, and controls are adequate to prevent/detect compliance violations. Partners with APAC Legal & Compliance to ensure an adequate control environment
Business Support
Provides insight into operating expense trends, as well as recommendations for expense reduction opportunities
Monitors Working Capital position and recommends/implements strategies to improve
Works to deliver upon key performance metrics and service levels agreed with business partners
Other
Participation and/or leadership in both finance and cross-functional projects, at the local, regional, and global level.
Takes an active interest in seeking opportunities for continuous improvement, standardizing processes. Implements and drives process improvements & efficiency
Qualification & Experience
At least 7 years of relevant experience in accounting and/or auditing roles
Experience in Multinational company preferable
Degree in Accounting or Finance. CA/CPA preferred.
Advanced proficiency in Microsoft office - Excel, Word, PowerPoint, Experience with SAP, Hyperion Smartview an asset
This position is local employment only.
Boston Scientific

Pasig City, Metro Manila
Permanent
Full-time