Finance Manager jobs in Manila

Position Summary

The Finance Controller is responsible for the overall financial management of the retail business, ensuring accurate and timely financial reporting, strong internal controls, and full compliance with accounting standards and regulatory requirements. The role oversees General Accounting, Retail Accounting Operations, and Field Accounting Operations across Head Office and branch/store locations, and coordinates closely with Treasury on cash positioning and funding requirements. The Finance Controller leads budgeting, forecasting, and cost control initiatives, safeguards Company assets through sound inventory accounting and internal control practices, and serves as the primary point of coordination for internal and external audits. The role leads, supervises, and develops the Accounting team, providing the CFO and Management with reliable financial information and analysis to support sound business decision-making.

Key Responsibilities

• Financial Management and Reporting

– Exercise overall supervision of the Company's financial operations, ensuring the integrity, accuracy, and timeliness of all financial statements and management reports.

– Lead month-end and year-end closing processes across Head Office and Field Accounting units, ensuring closing deadlines and reporting standards are consistently met.

– Review and analyze financial results versus budget and prior periods, providing Management with clear explanations of variances and their business implications.

– Oversee the preparation of consolidated financial statements in accordance with Philippine Financial Reporting Standards (PFRS) and Company policy.

– Coordinate with Treasury on cash positioning, funding requirements, and working capital management to support ongoing retail operations.

– Define and periodically re-define Accounting and Controllership KPIs, ensuring these are anchored on reporting accuracy, timeliness, and control effectiveness.

• Retail Accounting Operations

– Exercise overall supervision of Retail Accounting operations, ensuring accurate recording and reporting of sales, receivables, and store-level transactions.

– Monitor store and branch profitability, reviewing gross margin, cost of goods sold (COGS), and other key retail financial metrics against targets.

– Ensure timely and accurate daily/weekly sales reconciliation across all retail outlets, resolving discrepancies promptly with concerned units.

– Oversee shrinkage analysis and monitoring, recommending corrective action on recurring or material variances.

– Ensure retail financial reports, dashboards, and store performance scorecards are delivered accurately and on schedule to Management.

• Field Accounting Oversight

– Supervise Field Accounting Officers assigned to branches/stores, ensuring consistent application of Company accounting policies and procedures.

– Review branch financial reports, ensuring completeness, accuracy, and compliance with Head Office reporting requirements and deadlines.

– Monitor branch petty cash funds, disbursements, and liquidations, ensuring adherence to approval limits and supporting documentation requirements.

– Ensure fixed asset accountability at the branch/store level, including periodic physical counts, tagging, and reconciliation with accounting records.

– Monitor branch operating expenses against approved budgets, flagging unusual or unbudgeted spending for review.

– Ensure prompt resolution and closure of store/branch audit findings, working with Field Accounting Officers and store management on corrective action plans.

• Budgeting, Forecasting, and Cost Control

– Lead the preparation of the annual budget and periodic forecasts for the retail business, in coordination with Sales, Operations, and other departments.

– Monitor actual performance against budget and forecast, providing early warning on adverse trends and recommending corrective measures.

– Drive cost control initiatives across Head Office and field/store operations, identifying opportunities to improve cost efficiency without compromising service standards.

– Review and approve expenditures within delegated authority limits, ensuring alignment with approved budgets and Company policy.

• Inventory Accounting and Store Financial Performance

– Oversee inventory accounting policies and procedures, ensuring accurate valuation, costing, and reporting of merchandise inventory.

– Ensure regular physical inventory counts are conducted at stores and warehouses, with variances investigated, explained, and properly adjusted in the books.

– Monitor inventory turnover, aging, and obsolescence, recommending write-down or disposal action where warranted.

– Consolidate and analyze store-level financial performance, identifying underperforming locations and supporting root-cause analysis with Retail Operations.

• Tax Compliance and Regulatory Requirements

– Ensure full and timely compliance with BIR requirements, including tax return preparation, filing, and payment across all applicable tax types.

– Oversee tax reporting and documentation, ensuring accuracy and readiness for BIR examinations and other regulatory inquiries.

– Monitor changes in tax regulations and other applicable government requirements, ensuring the Company's accounting practices remain compliant.

– Ensure compliance with other regulatory and statutory reporting requirements applicable to retail operations.

• Internal Controls and Risk Management

– Establish, monitor, and continuously strengthen internal controls over cash handling, inventory, disbursements, and financial reporting across Head Office and field/store units.

– Identify, assess, and mitigate financial and operational risks, escalating material exposures to the CFO with recommended action.

– Ensure adherence to Company policies, approval matrices, and segregation-of-duties requirements throughout the accounting organization.

– Lead process improvement initiatives to enhance the efficiency, accuracy, and control environment of accounting operations.

• Audit Coordination

– Serve as the primary point of coordination for external audit, ensuring timely provision of schedules, documentation, and explanations required by auditors.

– Coordinate with Internal Audit on the conduct of branch/store and Head Office audits, ensuring findings are addressed and corrective actions are implemented and monitored to closure.

– Ensure audit recommendations are translated into concrete improvements in accounting policies, procedures, and controls.

• Treasury Coordination

– Coordinate closely with the Treasury function on cash flow forecasts, funding requirements, and timing of disbursements to support smooth retail operations.

– Ensure accounting records and reports reconcile with Treasury's cash position and bank reconciliation reports.

– Provide Treasury with accurate and timely accounting inputs to support liquidity planning and financing decisions.

• Team Leadership

– Lead, supervise, and mentor the Accounting team, including Accounting Managers/Supervisors and Field Accounting Officers, ensuring their professional growth and development are maintained at all times.

– Coach and develop team members on technical accounting matters, retail-specific financial analysis, and Company policies and procedures.

– Manage performance of the Accounting organization, setting clear goals, conducting regular reviews, and addressing performance gaps promptly.

– Ensure adequate staffing coverage, succession planning, and cross-training across Head Office and Field Accounting teams.

– Foster cross-functional collaboration with Treasury, Retail Operations, Sales, and other departments to support overall business objectives.

Qualifications

• Bachelor's degree in Accountancy; Certified Public Accountant (CPA) required.
• At least 8–10 years of progressive experience in Accounting/Finance, with at least 5 years in retail accounting or a multi-branch/multi-store environment.
• At least 3 years of experience in a managerial or supervisory capacity, leading Accounting or Controllership teams.
• Strong knowledge of Philippine Financial Reporting Standards (PFRS), BIR regulations, and internal control frameworks.
• Demonstrated experience in retail or multi-branch operations, including store-level financial reporting, inventory accounting, and shrinkage control.
• Proven track record in leading month-end/year-end closing, budgeting, and forecasting processes for a sizable organization.
• Experience coordinating external and internal audits, with a track record of resolving audit findings and strengthening controls.
• Proficient in financial modeling and spreadsheet analysis (advanced Excel); experience with ERP and retail/point-of-sale systems is a strong advantage.
• Strong analytical, problem-solving, and decision-making skills, with the ability to translate financial data into actionable business insights.
• Demonstrated people-management skills, with a track record of building, coaching, and developing accounting teams across multiple locations.
• Excellent communication and presentation skills, with the ability to engage effectively with Management, auditors, and cross-functional stakeholders.
• High level of integrity, sound judgment, and discretion in handling confidential financial information and Company assets.

Pay: Php250,000.00 - Php300,000.00 per month

Benefits:

• Health insurance
• Staff meals provided

Work Location: In person