Trust Accounting Officer

Job Responsibilties1. BookkeepingEnsures all business transactions are correct, accurate, and complete in the trust system vis-à-vis transaction documents.• Responsible in reviewing and approving the accuracy and completeness of system and manual entries in the trust system, including income and expense accruals which will in-turn produce accurate financial reporting to the clients.• Responsible in reviewing and approving the accuracy and completeness of inputted trades in the trust system vis-à-vis transaction documents provided to ensure that all trades are properly recorded in the trust system.• Responsible in reviewing the accuracy of billing for the trust fee, custodianship fee and other applicable expenses to clients• Responsible in reviewing and approving the encoded mark-to-market prices in the UITF system daily and at month-end IMATOFA system to ensure that rates/prices inputted are from the prescribed market sources (PDEx, Bloomberg).• Responsible in reviewing the computation of net final proceeds for accounts for termination and endorses the same to the approving officer.2. Accounting/Financial Reports/MIS ReportPrepares error-free financial reports.• Ensure accurate and timely submission of reports to BSP, BIR, SEC, Insurance Commission, HLURB and other regulatory agencies and industry association/s to avoid regulatory penalties and issues due to delayed and erroneous reporting.• Responsible in the preparation of management reports on the performance of Trust Division and MIS reports related to fund level and profitability that will be useful for decision making.• Responsible in monitoring compliance to Reserve Requirement on TOFA-Others and submits the required weekly report to comply with the BSP requirement and avoid regulatory penalties due to delayed and erroneous reporting.• Responsible in the monthly monitoring of compliance to the Basic Security Deposit for the Faithful Performance of TrustDuties to comply with the BSP Reserve requirement and to avoid penalties due to deficiency.• Ensure monthly reconciliation with Finance on the balances for trust income accrual, receivables and Contingent account recorded in FinStudio to confirm that balances reflected in the bank’s record are accurate and complete. Any noted discrepancies shall be raised in a timely manner in order to correct the balances.3. Governance and Risk• Audit - completion of audit action points within agreed timeline.• Compliance – preparation of reports requested.• Risk and Control – Responsible in reviewing UITF MTM Valuation and Counter Party Limit Reports.• Finance Group - Responsible in reviewing Monthly Income accruals and ensure that bank book is mirror with the trust book. Remittance of tax withheld and submits corresponding BIR forms.• Responsible in reviewing management reports on the performance of Trust Division and MIS reports related to          fund level and profitability that will be useful for decision making.• Responsible  in accurate and timely updating of  the daily NAVpU in EWBC Intranet Admin website and UITF Website of Trust Officers Association of the Philippines (TOAP) that will be useful for investment monitoring of internal/external clients.4. Client servicingProvide external and internal client reportorial requirements.• Prepares requests for payments to service providers• Ensure accurate computation of benefit payments due to provident fund members in accordance to the client’s plan rules and regulation.• Addresses client’s queries and complaints relative to their financial statements, transaction historyCandidate must possess at least a Bachelor's/College Degree , Economics, Finance/Accountancy/Banking, Business Studies/Administration/Management, Commerce or equivalent.Required skill(s): accounting, bookkeeping, financial analysis accounting, mis accounting.