- JOB SUMMARY
The main responsibility of the required Accountant is to monitor all finance and accounting operations including: - Financial and General Ledger Accounting
(Billing, A/R, A/P, GL, Cost Accounting, Inventory Accounting and Revenue Recognition) - Accurate and timely issuance of statutory and management reporting
- Producing and analysing accounting data and gap analysis to budget
- Establishing and enforcing proper accounting methods, policies, and principles
- Cash management.
- Tax computation and GST filing.
Provide with necessary inputs for Budget and Forecast preparation. - DUTIES AND RESPONSIBILITIES
Financial and General Ledger Accounting
- Ensures correctness of the monthly bookkeeping
- Ensure the maintenance and reconciliation of the general ledger accounts.
Statutory and management reporting
- Ensures accuracy and timeliness in the submission of monthly, quarterly, annual reporting.
- Provides monthly comparative commentary on the fluctuations between actual, budget, and last year figures.
- Work closely with external auditors and tax consultants on the local statutory audit and tax filing.
- Coordinate with corporate secretary on filing (reporting, update of directors’ particulars, passing of board resolution etc)
- Review policy documentation to ensure effective implementation of internal control measures and compliance.
Quarterly Forecast and annual budgeting (FP&A)
- Provide with necessary information and inputs for the Finance Director to drive the rolling forecast (March, June, and October) and annual budgeting process.
- Discuss and prepare the annual budget computation with Korea BUS Managers and salespeople.
- Support the Finance Director to issue the presentation according to Group guidelines.
- Cash Management
Treasury Management - Prepare cash flow forecasting.
- Coordinate with Finance Director for any funding needs to be raised to the Treasury.
- Review and hedge FX exposures in accordance to Group Hedging policies
Ensure accounts receivable and credit control management.- Prepare A/R reports and communicate collection issues with Sales and MD to work with them any action plan required.
- Establish and review appropriate customer credit lines,
- Recommend payment terms and credit limits to new and existing customers.
Accounts Payable Monitoring- Timely processing of invoices from suppliers, service providers, related companies as well as expense report from staffs
- Following up with purchaser and vendors on claims (discrepancies, damage, quality issues)
- Periodically reconcile balances with key suppliers and service providers
Inventory Management- Ensure proper costing of inventory.
- Monthly distribution of stock aging report to Sales for review, comment, and action
- Review and ensure adequate provision are taken against slow moving, damaged, expired, or obsolete stock items.
- Perform net realizable value test at each quarter end.
- Drive the annual physical stock take.
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- PERFORMANCE MEASURES
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- Accuracy of sales records, general ledger and provisions / accruals
- Prompt submission of all required forms and/or documents
- Providing valued service to colleagues for day to day analysis and budget issuance
- Execution of other periodic tasks as stated in the duties and responsibilities
- Adherence to policies and procedures
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- MINIMUM QUALIFICATIONS
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- Expertise and experience of at least 10 to 15 years in Finance & Accounting
- Preferred Qualified KICPA or AICPA with solid experience in maintaining full sets of accounts within an MNC (bookkeeping and accounting principles, practices, standards, laws and regulations
- Use of ERP systems like SAP, JDE or Oracle
- High attention to detail and accuracy
- Excellent PC Skills (MS Word, Excel, Outlook and the like)
- Fluent English speaking and writing
- Strong interpersonal skills coupled and the ability to collaborate and communicate effectively with different levels of internal and external stakeholders.
- Autonomous and self-motivated
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