Accounting Standards Specialist

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: 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. Role Exposure: Accounting Standards and Review Section Ensures that all concerned units are in compliance with the submission requirements for bank contracts and other supporting documents. Reviews all non-standard contracts (term sheets, investment securities, loan agreements, purchase orders, service agreements, intercompany contracts, etc.). Gathers all non-standard contracts and other supporting documents from originating units Identifies contracts with possible embedded derivatives Evaluates whether embedded derivatives should be bifurcated and recommends proper accounting treatment for transactions. Summarizes all contracts with embedded derivatives that require valuation and bifurcation Coordinates with Treasury Group and Risk Management Group for the valuation of embedded derivatives. Ensures bifurcation of embedded derivatives and proper treatment of transactions. Reviews and evaluates significant contracts and identifies applicable accounting standards. Evaluates completeness and compliance with accounting and financial reporting standards of quantitative and qualitative financial statements disclosures provided by banking units, subsidiaries and associates. Others Performs other related functions that may be assigned from time to time. Qualifications: Bachelor’s Degree in Accountancy Fresh graduates are encouraged to apply Willing to work on-site 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