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Financial Reporting Analyst

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ING

9d ago

  • Job
    Full-time
    Mid & Senior Level
  • Accounting & Tax
    Banking & Finance
  • Manila
  • Quick Apply

AI generated summary

  • You need a degree in accounting or finance, IFRS knowledge, UAT testing experience, strong communication skills, and the ability to work flexibly in an international environment.
  • You will manage month-end closures, prepare regulatory reports, execute accounting entries, ensure compliance, improve processes, and maintain stakeholder relationships while addressing ad hoc queries.

Requirements

  • Graduated with a bachelor’s degree in accounting, Finance or Equivalent
  • Master’s Degree and Certified Public Accountant certification is desired
  • Basic to proficient understanding of banking knowledge and products
  • Knowledgeable on IFRS
  • Understanding of key financial markets and lending products traded in ING, as well as key EU regulations
  • Experience of UAT testing for system changes
  • Ability to work on tasks and manage own time to meet deadlines
  • Skilled in communicating on complex topics and solutions and must be open to ideas from others
  • Comfortable working in in an international context
  • Transparent, flexible, and motivated to make every day a success

Responsibilities

  • Execution of product and general ledger accounting and processing of monthend closure procedure
  • Preparation of regulatory reports, Balance Sheet, P&L and processing of key controls and quality controls
  • Managing of the month-end intercompany reconciliation process for ledger
  • Preparation of invoices, accruals, asset management activities, etc. (daily, monthly, quarterly, and annually, and additional reporting requests as required)
  • Creation of management information reports & dashboards
  • Process improvement around Head Office accounting & reporting functions
  • Ensuring compliance with Accounting Standards and ING financial reporting framework
  • Project related Head Office reporting requirements
  • Other ad hoc projects as requested
  • Involvement in the preparation and execution of product and general ledger entries, invoices, accruals, asset management activities
  • Processing of monthly, quarterly & yearly closure procedures
  • Creating management information reports & dashboards and preparing regulatory reports
  • Prepare accounting advice and investigate to solve accounting breaks
  • Ensure compliance with policy and procedure documents including group Standards of Practice
  • Regular refresh of policy and procedure documents
  • Projects/tasks provided by Senior Management or business
  • Ad hoc projects
  • Ensuring internal and external stakeholders are informed about delivery of accounting & reporting activities during closings
  • Working with key stakeholders to align expected turnaround times for remediation, gaining approval for suggested remediation actions, and coordinating the appropriate action with the teams that are responsible for executing those actions and monitor remediation actions till closure
  • Ensuring the Business meets all accounting & reporting requirements
  • Responding to ad hoc queries and requirements received from head office and ensuring deliverables are met
  • Confirming activities and deliverables with respect to accounting & reporting activities for the business in addition to other projects/tasks requested
  • Build effective working relationships and recognition with stakeholders that foster a proactive and consultative partnership
  • Developing strong working relationships
  • Ownership of key deliverables and reconciliations
  • Resolution of reporting/system issues preventing timely completion of month end / daily reporting obligations
  • Ensuring adequate documentation and reporting requirements are met
  • Response to regulatory changes as and when they occur
  • Escalation of issues that pose a potential significant risk or financial loss

FAQs

What is the main purpose of the Financial Reporting Analyst position?

The Financial Reporting Analyst position is aimed at executing and overseeing financial accounting and reporting activities related to the Financial Markets, Treasury, Lending, and Payments Services of ING Bank.

Where is the job located?

The job is located in downtown BGC or Makati, which is the country's economic center.

What qualifications are required for this role?

A bachelor's degree in accounting, finance, or a related field is required, with a master's degree and Certified Public Accountant certification being desirable.

What key skills are needed for this position?

Key skills include a basic to proficient understanding of banking knowledge and products, knowledge of IFRS, experience in UAT testing for system changes, strong communication skills, and the ability to manage tasks and meet deadlines.

Will the Financial Reporting Analyst work with other teams or departments?

Yes, the analyst will interact with various internal and external stakeholders, including the Finance Bank in Amsterdam, the Finance & Control Management Team, leadership teams, internal and external auditors, and financial controllers.

What are the main responsibilities of the role?

Responsibilities include preparing product and general ledger entries, managing month-end closure procedures, creating management reports and dashboards, ensuring compliance with policy documents, and handling ad hoc projects as requested.

What opportunities for growth does this position offer?

This position offers plenty of opportunities for personal growth within a continuously evolving environment, as ING is focused on empowering employees and driving sustainable progress.

How does the role contribute to ING's overall mission?

The Financial Reporting Analyst supports ING's mission by ensuring accurate financial reporting and compliance, which empowers stakeholders to make informed decisions and contribute to a better banking future.

What is expected regarding communication and stakeholder management?

The analyst must ensure that both internal and external stakeholders are informed about the delivery of accounting and reporting activities, align on turnaround times for remediation, and monitor actions until closure.

Is experience in international banking beneficial for this position?

Yes, being comfortable working in an international context and possessing knowledge of key EU regulations and financial markets will be beneficial for this role.

Empowering people to stay a step ahead in life and in business.

Finance
Industry
10,001+
Employees
1991
Founded Year

Mission & Purpose

ING is a pioneer in digital banking and on the forefront being one of the most innovative banks in the world. As ING we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or to tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realize their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers.