Finance Accounting and Reporting Supervisor

Role Summary:

The Financial Accounting and Reporting Supervisor is responsible for the timely and accurate preparation of financial statements and reports for Aboitiz Renewables, Inc. (Parent), holding companies (Holdcos), special purpose vehicles (SPVs), and startups or small operating companies. The role ensures compliance with accounting standards and regulatory requirements, manages day-to-day accounting operations, and supervises accounting staff in delivering high-quality outputs.

This position also assumes responsibility for financial consolidation reporting in the absence of the primary lead, ensuring continuity and completeness of group requirements.

Outcomes Expected and Responsibilities:

Financial Accounting and Reporting

• Prepares monthly, quarterly, and annual financial statements (including audited FS) for Parent, Holdcos, and SPVs.

• Ensures accuracy, completeness, and timeliness of reports in compliance with PFRS and applicable regulations.

• Ensures timely preparation of comprehensive lead schedules for ARI Parent to support financial statement balances, reconcile intercompany accounts, and ensure audit readiness.

• Reviews journal entries, reconciliations, and schedules for accounts and subsidiary ledgers.

• Coordinates with AEV/AP Finance teams for group reporting and consolidation requirements.

• Supports annual budgeting, forecasting, and variance analysis.

• Assumes responsibility for financial consolidation activities (e.g., preparation of consolidation packages, reconciliations, and variance analysis) in the absence of the primary lead.

Regulatory Compliance and Taxation

• Ensures timely preparation of reports and financial data necessary for the accurate filing of tax returns and regulatory reports (BIR, SEC, LGUs, etc.).

• Monitors updates in accounting and regulatory standards and ensures compliance.

• Coordinates with auditors, regulators, and government agencies on reporting and compliance requirements.

Cash Management and Collections

• Reviews and analyzes  periodic bank reconciliations.

• Monitors collections and highlights significant past due accounts to the Controller.

• Ensure timely preparation and execution of intercompany billings and accruals.

Data Analysis

• Conducts thorough analysis of financial data to ensure accuracy and completeness, resolving any discrepancies encountered. 

• Ensures that financial statement line items correspond with relevant schedules and disclosures

• Identifies trends, variances, and irregularities within financial data, making necessary recommendations and providing explanations for significant fluctuations or anomalies.

Compliance with Accounting Standards and Regulations

• Ensures compliance with accounting standards and regulations, particularly regarding specific disclosure requirements in the notes to financial statements and SEC supplementary schedules.

Intergroup Collaboration

• Collaborates with various departments across the Group, such as Accounting Operations, Finance, Tax, Treasury, and BU SPOCs, to ensure the accuracy and completeness of financial data.

Audit Support

• Supervises and oversees external audit requirements by providing necessary documentation and explanations related to the consolidation process.

• Liaises auditors for any documentary and audit requirements

Implementing and Maintaining Financial Systems

• Provides strong support in implementing and maintaining financial consolidation and publishing systems, including metadata updates, account and segment mapping, and consolidation rule updates. 

• Develops and implements financial policies and procedures related to consolidation and provides training and support to other finance team members on consolidation processes and procedures.

Accounting Standards Champion

• Ensures Renewables group compliance with accounting standards, organizes training/workshops to disseminate knowledge, templates, and guidelines. 

• Aligns the group with the accounting policies of the Parent company, manages the championing of selected standards across the group (e.g., Leases, Pension, Service Concession, Hedge, etc.).

Perform ad-hoc tasks and special projects assigned by management or the accounting team to support broader team objectives.

Other Functions and Responsibilities

• Contributes to a high-performing team by being engaged in regular and ongoing conversations about achieving targets, improving capabilities and performance, and practicing self-discipline.

• Practices courageous authenticity while being mindful of mutual trust, support, and respect that leads to a psychologically-safe environment for their team.

• Supports Diversity, Equity, and Inclusion by respecting others' strengths, views, and experiences, encouraging teamwork that translates to better team performance and business results.

• Follows standard operating procedures and complies with all requirements necessary to perform their job to the best of their abilities.

• Adopts the organization's culture, values, and philosophy by upholding company policies, safety rules, and procedures.