Be #InGoodHands with Metrobank! Here at Metrobank, we don't simply hire employees—we hone future leaders. We provide opportunities that enhance your skills and unlock your talents, helping you evolve into a well-rounded individual. We supply you with all the pieces you need to do your best work, unleashing your full potential to help you secure your future and lead a fulfilling career. And with Metrobank's strong heart for the community, you have the chance to give back and make worthwhile contributions to our nation's economic and social development. With Metrobank, a meaningful life is within your reach! Position Title: Accounting Standards Specialist Job Summary: <ul style="margin-bottom:9.75pt;margin-top:0.0px"> <li style="margin:0.0in 0.0in 9.75pt 0.0px;text-align:justify;line-height:normal;font-size:11.0pt;font-family:Calibri, sans-serif">Monitors compliance by concerned units with the requirements for the implementation of international accounting standards. Reviews Bank contracts and maintains contracts database to document the review process.</li> </ul> Role Exposure: Accounting Standards and Review Section <ul style="margin-bottom:9.75pt;margin-top:0.0px"> <li style="margin:0.0in 0.0in 9.75pt 0.0px;text-align:justify;line-height:normal;font-size:11.0pt;font-family:Calibri, sans-serif">Ensures that all concerned units are in compliance with the submission requirements for bank contracts and other supporting documents.</li> <li style="margin:0.0in 0.0in 9.75pt 0.0px;text-align:justify;line-height:normal;font-size:11.0pt;font-family:Calibri, sans-serif">Reviews all non-standard contracts (term sheets, investment securities, loan agreements, purchase orders, service agreements, intercompany contracts, etc.). <ul style="list-style-type:circle;margin-bottom:9.75pt;margin-top:0.0px"> <li style="margin:0.0in 0.0in 9.75pt 0.0px;text-align:justify;line-height:normal;font-size:11.0pt;font-family:Calibri, sans-serif">Gathers all non-standard contracts and other supporting documents from originating units</li> <li style="margin:0.0in 0.0in 9.75pt 0.0px;text-align:justify;line-height:normal;font-size:11.0pt;font-family:Calibri, sans-serif">Identifies contracts with possible embedded derivatives</li> <li style="margin:0.0in 0.0in 9.75pt 0.0px;text-align:justify;line-height:normal;font-size:11.0pt;font-family:Calibri, sans-serif">Evaluates whether embedded derivatives should be bifurcated and recommends proper accounting treatment for transactions.</li> <li style="margin:0.0in 0.0in 9.75pt 0.0px;text-align:justify;line-height:normal;font-size:11.0pt;font-family:Calibri, sans-serif">Summarizes all contracts with embedded derivatives that require valuation and bifurcation</li> </ul> </li> <li style="margin:0.0in 0.0in 9.75pt 0.0px;text-align:justify;line-height:normal;font-size:11.0pt;font-family:Calibri, sans-serif">Coordinates with Treasury Group and Risk Management Group for the valuation of embedded derivatives.</li> <li style="margin:0.0in 0.0in 9.75pt 0.0px;text-align:justify;line-height:normal;font-size:11.0pt;font-family:Calibri, sans-serif">Ensures bifurcation of embedded derivatives and proper treatment of transactions.</li> <li style="margin:0.0in 0.0in 9.75pt 0.0px;text-align:justify;line-height:normal;font-size:11.0pt;font-family:Calibri, sans-serif">Reviews and evaluates significant contracts and identifies applicable accounting standards.</li> <li style="margin:0.0in 0.0in 9.75pt 0.0px;text-align:justify;line-height:normal;font-size:11.0pt;font-family:Calibri, sans-serif">Evaluates completeness and compliance with accounting and financial reporting standards of quantitative and qualitative financial statements disclosures provided by banking units, subsidiaries and associates. </li> </ul> Others <ul style="margin-bottom:9.75pt;margin-top:0.0px"> <li style="margin:0.0in 0.0in 9.75pt 0.0px;text-align:justify;line-height:normal;font-size:11.0pt;font-family:Calibri, sans-serif">Performs other related functions that may be assigned from time to time.</li> </ul> Qualifications: <ul style="margin-bottom:0.0in;margin-top:0.0px"> <li style="margin:0.0in 0.0in 1.0E-4pt 0.0px;font-size:11.0pt;font-family:Calibri, sans-serif">Bachelor’s Degree in Accountancy </li> <li style="margin:0.0in 0.0in 1.0E-4pt 0.0px;font-size:11.0pt;font-family:Calibri, sans-serif">Fresh graduates are encouraged to apply</li> <li style="margin:0.0in 0.0in 1.0E-4pt 0.0px;font-size:11.0pt;font-family:Calibri, sans-serif">Willing to work on-site</li> </ul> Other Details: Rank: Rank and File Unit: Financial & Control Sector / Controllership Group / Institutional Accounting Division / Group Financial Reporting Standards Department Location: Metrobank Center BGC, Taguig City

Accounting Standards Specialist (Taguig, Philippines) @ MBTCHCM

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