Accounting and Reporting Expert I

Accounting and Reporting Expert I (Associate)

Background on what ING is about:

ING Hubs Philippines (ING Hubs PH) is an international part of the ING organization delivering services to many Business Units across the world for both Wholesale Banking and Retail Banking activities. Working for ING Hubs PH means working with the most diverse workforce and where no challenge is the same.

At ING our purpose is to empower people to stay a step ahead in life and business. We believe that sustainable progress is driven by people with the imagination and determination to make a better future for themselves and those around them.

ING is changing what banking is. For you that means plenty of opportunities for personal growth in a continuously evolving environment. If this is the environment you thrive in then apply and join us in changing the future of banking!

Job Overview

Global Finance Services (GFS) is the department responsible for the central processing and reporting of all accounting events globally related to the Financial Markets Treasury Lending and Payments Services of ING Bank. These activities are executed in both Amsterdam and Manila. The latter location is in a growing phase and the number of activities is expected to grow further in Manila in both depth and broadness during 2022 and beyond. The GFS department is split in several teams responsible for the different accounting and reporting activities of ING Bank. Activities include but are not limited to:

• Perform monthly intercompany account reconciliations across multiple entities.

• Investigate and resolve discrepancies in intercompany balances.

• Coordinate with internal stakeholders to ensure timely settlement of intercompany transactions.

• Maintain accurate records and documentation for audit and reporting purposes.

• Support month-end and year-end close activities related to intercompany accounts.

• Reconcile bank statements with general ledger entries on a regular basis.

• Identify and resolve aged and material cash breaks.

• Collaborate with Operations and other teams to obtain necessary data for resolution.

• Monitor and report on reconciliation status and outstanding items.

• Assist in process improvements to enhance reconciliation efficiency and accuracy.

Execution of product and general ledger accounting and processing of month-end 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

If you are good at: Financial Management or Cost Accounting & Reporting

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. Policies and procedures

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 Communication & Stakeholder management

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.

If you are:

Graduated with a bachelors degree in accounting Finance or Equivalent

Masters 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