Background on what ING is about:
ING Hubs Philippines (ING Hubs PH) is an international part of the ING organization delivering services to many Business Units across the world for both Wholesale Banking and Retail Banking activities. Working for ING Hubs PH means working with the most diverse workforce and where no challenge is the same.
At ING our purpose is to empower people to stay a step ahead in life and business. We believe that sustainable progress is driven by people with the imagination and determination to make a better future for themselves and those around them.
ING is changing what banking is. For you, that means plenty of opportunities for personal growth in a continuously evolving environment. If this is the environment you thrive in, then apply and join us in changing the future of banking!
Job Overview
COO Finance (COOF) is the department responsible for the central processing and reporting of all accounting events globally related to the Financial Markets, Treasury, Lending and Payments Services of ING Bank. These activities are executed in both Amsterdam and Manila. The latter location is in a growing phase and the number of activities is expected to grow further in Manila in both depth and broadness during 2022 and beyond.
The COOF department is split in several teams responsible for the different accounting and reporting activities of ING Bank.
Activities include but are not limited to:
Execution of product and general ledger accounting and processing of monthend closure procedurePreparation of regulatory reports, Balance Sheet, P&L and processing of key controls and quality controlsManaging of the month-end intercompany reconciliation process for ledgerPreparation of invoices, accruals, asset management activities, etc. (daily, monthly, quarterly, and annually, and additional reporting requests as required)Creation of management information reports & dashboardsProcess improvement around Head Office accounting & reporting functionsEnsuring compliance with Accounting Standards and ING financial reporting frameworkProject related Head Office reporting requirementsOther ad hoc projects as requestedKey Responsibilities
Financial, Management or Cost Accounting & Reporting
Involvement in the preparation and execution of product and general ledger entries, invoices, accruals, asset management activities.Processing of monthly, quarterly & yearly closure procedures.Creating management information reports & dashboards and preparing regulatory reportsPrepare accounting advice and investigate to solve accounting breaks.Policies and procedures
Ensure compliance with policy and procedure documents including group Standards of PracticeRegular refresh of policy and procedure documentsProjects/tasks provided by Senior Management or businessAd hoc projectsCommunication & Stakeholder management
Ensuring internal and external stakeholders are informed about delivery of accounting & reporting activities during closingsWorking with key stakeholders to align expected turnaround times for remediation, gaining approval for suggested remediation actions, and coordinating the appropriate action with the teams that are responsible for executing those actions and monitor remediation actions till closure.Key Capabilities/Experience
Graduated with a bachelor’s degree in accounting, Finance or EquivalentMaster’s Degree and Certified Public Accountant certification is desiredBasic to proficient understanding of banking knowledge and productsKnowledgeable on IFRSUnderstanding of key financial markets and lending products traded in ING, as well as key EU regulations.Experience of UAT testing for system changesAbility to work on tasks and manage own time to meet deadlines.Skilled in communicating on complex topics and solutions and must be open to ideas from others.Comfortable working in in an international context.Transparent, flexible, and motivated to make every day a successMinimum Qualifications
If you can:
Ensuring the Business meets all accounting & reporting requirements.Responding to ad hoc queries and requirements received from head office and ensuring deliverables are metConfirming activities and deliverables with respect to accounting & reporting activities for the business in addition to other projects/tasks requested.Build effective working relationships and recognition with stakeholders that foster a proactive and consultative partnership.Developing strong working relationships.Ownership of key deliverables and reconciliations.Resolution of reporting/system issues preventing timely completion of month end / daily reporting obligations.Ensuring adequate documentation and reporting requirements are met.Response to regulatory changes as and when they occur.Escalation of issues that pose a potential significant risk or financial lossIf you’d like to work with:
Finance Bank (Amsterdam)Finance & Control Management Team, Leadership Team, and staffInternal and external auditorFinancial ControllersStakeholdersIf you want to:
work in downtown BGC or Makati, the country’s economic centerenjoy competitive compensation and allowancesbe part of a diverse, creative, and energized team