Financial Accountant Vacancies at STG Global

Job Info

About the role… 

The Financial Accountant accurately and timely processes the company’s financial transactions and obligations to support our statutory/management reporting requirements, and satisfactorily comply with our taxation and audit obligations. S/he will lead and supervise our Subic Bay finance and administration team, develop, and implement risk management strategies to ensure our optimal protection. 

The Financial Accountant is responsible for…  

• Provide leadership and direction to Subic Bay finance and administration team to ensure they understand the goals and direction of STG and what their part in achieving those goals are; 
• Prepare monthly financial and management accounts, including the preparation of month end journals and other month end closing functions; 
• Prepare monthly Management Reports and Board reports, accompanied with insightful variance analysis and commentary; 
• Prepare and process payroll with outsourced provider; 
• Oversee processing and maintenance of accounts receivable, accounts payable, payroll, general ledger, banking, asset records and office administration activities, initially performing this process. 
• Responsibility for the accurate processing and valuation of Subic Bay inventory, including the accurate calculation of WIP for all jobs 
• Prepare 13-week cashflow forecast for Management sign off 
• Update cashflow model daily for actual transactions and future projections, and manage cash activity in a responsible manner to ensure cash targets are achieved, and customer and supplier relationships are maintained 
• Work with the FP&A team to prepare medium-long term cash projections as part of the business planning cycle, ensuring that cash plans are realistic, measurable and responsible. 
• Prepare job costing reports within 48 hours of individual jobs being shipped to Australia, including insightful analysis and recommendations for future improvement initiatives  
• Review, analyse and report on sales and gross profit variances to budget/forecast and prior year, and recommend necessary courses of action to lower product unit costs 
• Continuously identify opportunities to maximize capacity and reduce cost/efficiency “leakage” 
• Daily monitoring and reporting of production labour times by job vs target to ensure labour targets and monthly production output targets are achieved  
• Provide a full analysis of variances to target for WIP jobs, and provide clear actions to ensure all financial targets are achieved 
• Finance lead for all material and labour cost efficiency initiatives 
• Partner with the Operations team to provide visibility of actual expenditure incurred and to identify and execute cost/efficiency improvement initiatives 
• Provide pricing solutions to accommodate movements in China module costs and other cost inputs 
• Attend to product cost inquiries and facilitate/implement actions to lower unit costs (material, labour & overhead cost components) 
• Regularly monitor product cost variances and ensure future costs are correctly represented 
• Thorough understanding of the product costing cycle and of the accounting entries generated in the accounting system 
• Monthly review of labour and overhead costs against factory recoveries, recommending actions to address the net over or under recovery position 
• Ensure product bill of material and labour costs are accurate and optimised, thereby lowering unit costs. 
• Ensure stocktake & cycle count programs are operational, efficient & effective 
• Ensure all inventory movements are processed in an accurate & timely manner (e.g. receipts, transfers, consumption) 
• Ensure all bank accounts are accurately reconciled in a timely manner, with reconciling items being investigated and resolved in a timely manner 
• Primary contact for all bank related administration and applications, including banking portals across all financial institutions 
• Finance lead for all inventory related matters in Subic Bay including necessary reporting in relation to import and export of goods. 
• Ensure all inventory transactions are processed in an accurate & timely manner (e.g. receipts, transfers, consumption) at Subic Bay. 
• Ensure sufficient analysis for proposed inventory revaluation adjustments and the accurate accounting treatment of these adjustments in the Balance Sheet and P&L. 
• Work with the warehouse team to ensure that picking and issuing practices are always controlled and efficient. 
• Finance lead for stocktakes, cycle counts, taxation compliance across the Subic Bay entity. 
• Prepare inventory and OPEX budgets, forecasts and projections to support business planning cycle, including the issuing of all relevant reporting associated with these financial plans 
• Perform other duties within the finance function as directed. 

About you… (we are after the following experience, skills & traits): 

• You have 5+ years of experience in a comparable role in a manufacturing inventory-based business; 
• You hold a bachelor’s degree in finance and accounting or other related fields; 
• You are a member of an internationally accredited professional accounting body (CPA. CA, CIMA) – preferred. 
• You have a solid understanding of inventory management practices and procedures; 
• You have strong analytical and modeling capabilities; 
• You have demonstrated experience in developing value-adding systems and/or processes; 
• You have demonstrated knowledge of inventory accounting standards; 
• You are a hands-on, driven, and confident individual with high-quality expectations; 
• You have excellent written and verbal communications skills; 
• You are proactive, professional, and have a ‘can-do’ attitude; 
• You are a clear thinker; you are someone who works well in a collaborative setting yet will take initiative and drive results independently; 
• You are self-motivated with initiative and performance-driven; 
• You have strong organisational and time management skills; 
• You can work under pressure to meet varying deadlines and work volumes; 
• You have strong problem-solving skills, a high level of accuracy, and attention to detail; 
• You have experience using the following tools; Microsoft Office Suite, Outlook 365, Excel (intermediate), and Quickbooks (preferred).

Other information:

• Working schedule: Monday to Saturday 7 am to 4 pm
• Work set-up: Preferably onsite, but open for hybrid set-up
• Office: Subic, Olongapo

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Company Description

Company Info

• Industry: Manufacturing / Production
• Average Processing Time: 13 days
• Benefits & Others: Regular hours, Mondays - Fridays