Description
The 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.
Responsibilities
Duty 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 stakeholders
Duty 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
About EmersonAt Emerson, we are innovators and problem-solvers, focused on a common purpose: leaving our world in a better place than we found it. Each and every day, our foundational values—integrity, safety and quality, supporting our people, customer focus, continuous improvement, collaboration and innovation—inform every decision we make and empower our employees to keep reaching higher.
As a global technology and engineering leader, we provide groundbreaking solutions for customers in industrial, commercial, and residential markets.
Our Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production and protect personnel and the environment while optimizing their energy and operating costs. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure.
Emerson, a Fortune 500 company with $17.4 billion in sales, more than 20 Innovation, Solutions & Engineering Centers, and 200 manufacturing locations worldwide, is committed to helping employees grow and thrive throughout their careers.
Whether you're an established professional looking for a career change, an undergraduate student exploring options or a recent MBA graduate, you'll find a variety of opportunities at Emerson. Join our team and start your journey today.
