FINANCIAL PLANNING AND MANAGEMENT

1. Measures and evaluates the overall financial performance of the Company against approved operating plan, budget and set standards. Also, divides Management regarding variances to budget.
2. Keeps the General Manager informed of the financial performance of the Company and helps him develop long range corporate financial strategies or offers advice on all financial matters.
3. Facilitates the preparation of the Company’s financial budget in relation to its annual business plan or forecast. A forecasted balance sheet is prepared to anticipate the future requirements for assets, liabilities, and working capital. A forecasted revenue and expense report facilities profit planning.
4. Assures the protection of the Company’s assets through proper and adequate insurance coverage and internal control.
5. Handles relationships with the bank in coordination with the General Manager.
6. Maximize utilization of idle cash by making proper choice of investments.

FINANCIAL CONTROLLERSHIP

1. Reviews and approves all accounting and source documents (check vouchers, official receipts, journal vouchers, debit and credit memos, payroll, etc.) to ensure accurate recording of all transactions entered into by the Company.
2. Reviews dividend distribution schedules.
3. Responsible of the following reportorial requirements:
4. Bureau of Internal Revenue – ensures that all taxes are paid and reportorial requirements are submitted on time.
5. Securities and Exchange Commission – ensures that all the reportorial requirements are promptly submitted.
6. Reviews monthly banking reconciliation schedules of all bank accounts.

FINANCIAL REPORTING

1. Records accounting transactions in the books of accounts.
2. Prepare the Monthly Financial Statements.
3. Prepares the Daily Cash Position.
4. Others function that may assigned from time to time.