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Accountant

at Ibaan Electric Corporation (view profile)
Published November 29, 2024
Expires December 14, 2024
Location Metro-Rei Business Park, Palindan, Ibaan, Batangas, Philippines
Category Accounting / Finance  
Job Type Full-time  

Description

  1. Financial Record Maintenance:
    • Maintain accurate financial records of the utility’s revenues, expenses, and assets.
    • Record daily transactions, including electricity sales, meter charges, and service fees.
  2. Billing and Collections:
    • Oversee the preparation of utility bills for customers.
    • Monitor and manage accounts receivable to ensure timely collections.
  3. Regulatory Compliance:
    • Ensure adherence to accounting standards, tax laws, and utility-specific regulations.
    • Prepare and submit financial reports required by regulatory bodies (e.g., energy commissions or public utility boards).
  4. Budgeting and Forecasting:
    • Assist in preparing annual budgets for the utility.
    • Analyze financial trends to forecast revenue, expenses, and capital requirements.
  5. Cost Management:
    • Track operational costs, including electricity procurement, infrastructure maintenance, and administrative expenses.
    • Analyze cost data to identify inefficiencies and propose solutions.
  6. Financial Reporting:
    • Prepare monthly, quarterly, and annual financial statements.
    • Report on the utility’s financial health to management and stakeholders.
  7. Audit and Internal Controls:
    • Support internal and external audits by providing required documentation and explanations.
    • Implement and monitor internal controls to safeguard assets and ensure financial accuracy.
  8. Customer Account Management:
    • Resolve billing disputes or discrepancies in customer accounts.
    • Update and manage customer payment records.
  9. Inventory and Asset Management:
    • Track inventory levels of utility equipment and materials.
    • Account for assets like transformers, meters, and infrastructure.
  10. Collaboration with Other Departments:
    • Work closely with the engineering, customer service, and operations teams to align financial processes with utility operations.
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