Accounting Assistant null

About SM Investments Corporation

SMIC became incorporated in 1960 as the holding company of the SM Group. More than 60 years later, the corporation evolved into the largest conglomerate in the Philippines based on market value. SMIC engages in three core industries: banking, retail, and real estate.

Your role

Responsible for the implementation and processing of day to day Account receivable request and transactions of the company.

• To cancel accounts and prepare to adjust entries for forfeiture.
• To cancel the account, prepare to adjust entries, check for all required documents, and print RCP.
• To prepare entries or posts for the set-up of RPT, Reduced penalty, working capital, alteration fees, and other fees.
• To analyze and resolve the differences between the Buyer’s subsidiary ledger and payment history.
• To analyze and resolve the differences between the Buyer’s subsidiary ledger and BAS.
• To reverse/adjust NVOAR reclass entry.
• To analyze and check canceled OR with 16 series reversal documents.
•  Adjust and analyze negative balances/excess payments on AR aging report.
• To prepare to adjust entries for Cancelled OR's issued in the previous year.
• To prepare entries for the write-off of the account balance.
•  Posting of conditions not triggered in the system by payment.
• To prepare entries for the set-up of excess payment.
• To implement restructure of accounts.
• To waive or reverse penalty balance, reduced penalty, and other fees.
• To prepare entries for the transfer of payments for reinstatement of account, account canceled due to restructuring, user error and request for transfer of rights, and Unit transfer received during RF stage.

Compensation & benefits

Entry-level employees at SMIC may earn between Php12,000 and Php20,000. Certification and licensure boost a fresh grad’s base salary.

For instance, a SMIC accountant’s average salary is Php16,000 per month versus Php26,000 per month for a Certified Public Accountant. The company’s benefits package includes dental and medical coverage and financial assistance (e.g. loans). 

Career progression

SMIC’s established footprint in the country instills a strong sense of job security among employees. While there are limited entry-level opportunities for fresh grads, it shouldn’t discourage them from pursuing the company.

Once they successfully join SMIC, it broadens their professional network which can be useful for their careers. Plus, any CV will look good when it mentions the country’s biggest conglomerate.

Work-life balance

In terms of work-life balance, most employees work during regular business hours from Monday to Friday. Certain roles like HR assistants may need to work overtime.

Despite a competitive work environment and long hours at the office, many have worked at SMIC for several years. Based on a headcount of 500 employees, their median tenure is 4.4 years.

Company culture

SMIC’s conducive workplace culture served as one reason for multiple top-employer awards. In 2021, the company joined the Top 100 Graduate Employers in the Philippines.

Some insiders, though, said that the company should have allowed a transition to a work-from-home arrangement during the COVID-19 pandemic. More in-house training and upskilling programs would also improve talent retention.

About you

• Graduate of BS Accountancy or other related business course.
• CPA is an advantage.
• Computer literate.
• At least 1 year work experience is an advantage.
• Fresh graduates are also welcome to apply.

How to apply

To apply for this position, simply click the “Apply” button on this page.

• Phone interview
• Written exam
• Initial interview
• Final interview
• A background check (e.g. drug test)

SMIC may take 30 days on average to complete the hiring process. The actual timeline depends on the role, especially for urgent vacancies.

Source/s:

• sminvestments.com
• ph. prospel.com
• youtube.com
• salaryexpert.com