Job Description
Corporate Service Accountant Panama
$35K
Job purpose: Ensure the quality, timely registry and compliance with IFRS of all accounting records for the company under their responsibility, including profit and loss, balance sheet accounts as well as monthly balance sheet reconciliation. Ensure on time and accurate statutory reporting to fiscal authorities of all taxes related to the operation. Be the single point of contact and leadership for external auditors and support the business in different finance related tasks.
Duties & Responsibilities Accounting control: - Work closely with FOPS teams to ensure the correct and timely register of balance sheet and P&L transactions.
- Review corporate expense accounts and prepare monthly and year end accruals.
- Prepare and register payments for key local services such as electricity, fuel, insurance policies, property rent and others.
- Ensure weekly and monthly review of balance sheet accounts quality and compliance.
- Produce monthly balance sheet reconciliation analysis for the accounts under their scope of work.
- Ensure coordination with FOPS teams to produce in quality and compliance monthly balance sheet reconciliations of accounts under their scope of work.
- Support local organization and FOPS teams in the correct way to register new business transactions according to Inchcape accounting policies and IFRS.
- Weekly monitoring and control of disbursement accounts to ensure open balances are timely addressed and resolved.
- Maintain in order and well secured all accounting and tax documentation of the company.
Finance related activities: - Weekly monitor and balance of Unit 4 invoices versus web post ensuring correct numerical sequence and alignment between both systems. Work closely with FOPS teams to fix any issue causing transmission errors.
- Receive and scan fiscal invoices for registry to AP teams. Ver con MX.
- Uploading in SharePoint fiscal invoices for key customers.
- Manage new vendor and customer creation process including due diligence and creation flow with IT Team.
- Weekly review of credit card for crew operation ensuring credit availability, prepare and register payment.
- Banking due diligence reports for credit line renewals.
Accounts payable: - Prepare payment checks and journal entry registers for Tesoro Nacional, electricity, government authorities, social security and other vendors as requested including petty cash.
- Ensure commission payment to Profuturo and employee balance with current payroll.
Taxes: - Prepare and submit ITBMS, Municipal Payment, Planilla 03 as required by fiscal authorities, withholding tax remittances including presentation of transfer pricing report.
- Monthly review of current account to ensure compliance with company reports.
- Support external auditors for annual corporate tax presentation.
External Audit: - Lead annual external audit process supporting the team with information requirements needed.
- Prepare financial statements based on IFRS for PYMES as a base for yearly audit process.
- Coordinate yearly transfer pricing report with external consultants.
Payroll: - Run total end to end process of monthly payroll ensuring the correct calculation for overtime, vacations, XVIII and employee tax retentions.
- Prepare and post monthly payroll journal entries including related balance sheet account reconciliations.
- Maintain control, review and payment preparation for employee direct discounts.
- Prepare employee dismissals calculations.
- Prepare and submit on time monthly payment for SIPE, including journal entry and account reconciliations.
- On time preparation and submission of Planilla 03 report to DGI including monthly and annual review with reconciliation of tax accounts.
Qualifications: - Bachelor's Degree in accounting with valid CPA certification.
- 5 plus years' experience as senior accountant, accounting manager or auditor experience in accounting firms, could be from big four but it is not mandatory
- 5 plus years' experience working with complete accounting cycle including financial reports and financial statement preparation , payroll and audit processes.
- Experience managing external audit process and compliance controls
- Working experience on tax and payroll statutory reporting
- Strong knowledge of ERP's systems of accounting such as SAP, Oracle, Quick Books, Peach Tree among others
- SIPE, E-Tax
- Good experience managing local tax regulations and reports on E-Tax.
- Knowledge of US GAAP or IFRS Accounting standards
- No Travel required, Must be local to Panama
- Must be fluent in English both writing and speaking.
Recruiting Source International
Job Tags
Work experience placement, Local area, Gangs,