Position Summary
The Senior Staff Accountantis responsible for supporting the corporate accounting function through the preparation of cash reconciliations, balance sheet account reconciliations, lease accounting under ASC 842, month-end close activities, journal entries, and financial reporting support. This role will work closely with the Corporate Accounting team to ensure the accuracy, completeness, and timeliness of financial information while maintaining compliance with company policies and U.S. GAAP.
Job Details
- Onsite (Manila or Cebu)
- Monday to Friday, 9:00 AM to 6:00 PM Eastern Time
- To follow selected Philippine Holidays
Key Responsibilities
Lease Accounting (ASC 842)
- Maintain the company's lease accounting schedules and support documentation.
- Prepare monthly lease accounting entries, including:
- Right-of-use (ROU) asset amortization
- Lease liability amortization
- Lease expense calculations
- Lease modifications and remeasurements
- Assist with new lease onboarding and review of lease agreements.
- Update lease schedules for renewals, terminations, and modifications.
- Support compliance with ASC 842 lease accounting requirements and company lease policies.
Cash Accounting & Reconciliations
- Prepare and reconcile bank accounts and cash balances on a daily, weekly, and monthly basis.
- Investigate and resolve reconciling items, cash variances, and unreconciled transactions.
- Coordinate with treasury, AP, AR, payroll, and operational teams to resolve cash-related discrepancies.
- Maintain supporting documentation for all cash reconciliation activities.
- Assist with cash reporting and cash flow support schedules.
Balance Sheet Reconciliations
- Prepare monthly balance sheet account reconciliations for assigned accounts.
- Analyze variances and identify unusual or aged reconciling items.
- Research and resolve reconciliation differences timely.
- Maintain reconciliation schedules and supporting documentation in accordance with company policies.
- Ensure all assigned accounts are reconciled and certified within month-end close deadlines.
Month-End Close
- Assist with credit card administration and audit of expense reports
- Assist with monthly, quarterly, and annual close processes.
- Analyze account activity and investigate unusual fluctuations.
- Support preparation of financial statement schedules and management reporting packages.
Audit & Compliance Support
- Support internal and external audit requests.
- Maintain organized accounting documentation and workpapers.
- Adhere to established accounting policies and procedures.
Qualifications
Staff Accountant
- Bachelor's degree in Accounting, Finance, or related field.
- 4-6+ years of progressive accounting experience.
- Experience with lease accounting under ASC 842 strongly preferred.
- Experience working within a U.S. GAAP environment.
- ERP system experience (IFS, SAP, Oracle, NetSuite, or similar).
- Ability to work independently and manage multiple priorities.
Preferred Qualifications
- Experience supporting U.S.-based corporate accounting teams.
- Experience with shared service center or offshore accounting environments
- Construction, manufacturing, or multi-entity accounting experience
Skills Required
- Bachelor's degree in Accounting, Finance, or a related field
- 4-6+ years of progressive accounting experience
- Experience with lease accounting under ASC 842
- Experience working within a U.S. GAAP environment
- Experience with an ERP system such as IFS, SAP, Oracle, NetSuite, or similar
- Ability to work independently and manage multiple priorities
- Experience supporting U.S.-based corporate accounting teams
- Experience with shared service center or offshore accounting environments
- Construction, manufacturing, or multi-entity accounting experience
What We Do
Sourcefit is a business process outsourcing (BPO) company that provides custom offshore staffing solutions and managed services to help clients build lasting value in their outsourced teams.
