Job Openings Accounting Manager

About the job Accounting Manager

Position : Accounting Manager (Budget 120-150K)

Job Purpose

The primary purpose of the Accounting Manager position is to support the financial accounting function of the business to ensure:

  • accurate and timely reporting
  • compliance with statutory requirements including annual audits, and taxes, both direct and indirect
  • compliance with global accounting policies, SOX, US GAAP and local GAPP

Job Description

Financial/Management Reporting

  • To provide directional support and supervise Shared Service teams (out-sourced party) to ensure completion of financial close by months/quarters/years in compliance to submission deadlines and processes as stipulated by global finance policies and US GAAP/SOX compliance.
  • Provide detail variances analysis via submission of bridge and Audit Variances templates as part of closing accountability
  • To submit SEC reporting templates quarter/year-end as requested by corporate
  • To investigate any intercompany variances and work with all related parties to resolve issues.
  • Monthly updates for Balance Sheet flow (cash tax payment) via Global Tax application for tax planning review. To liaise with Global Tax team for tax account roll forward schedules and tax entries
  • To liaise with Global tax team and appointed tax agents to prepare for the provisional tax computation for annual deferred tax provision review as well as system submission.
  • Worked closely with shared services team on inventory aging analysis and provision
  • Coordinate quarterly fixed assets impairment analysis to ensure all risks are covered
  • Oversight of the Accounts Payable function of the business, this includes:
    • work closely with outsourced vendor responsible for AP processing. Including Training / Mentoring / Standard Operating Procedure reviews / preparing tracker documents / Service Level Agreement reviews
    • training and support staff in processing of purchase orders
    • adhoc processing of purchase orders for business functions are not able to support the purchase order process
    • review, update, complete Vendor new and change requests
  • Oversight of the Accounts Receivable function of the business including aging analysis, monitor and ensure accuracy of cash application for all O&O retail doors and wholesale customers, recommend bad debt provision if any.

Statutory submission

  • To ensure completion of audit and tax schedules as required by external audit and tax agents for the preparation of audited accounts and tax computation.
  • Responding to audit and tax queries
  • VAT and withholding tax returns submission and all matters including application of VAT branch code for new doors/POS
  • Complete Bureau of statistics surveys as require

Requirements:

  • Degree (or equivalent) in finance or accounting, advanced degree a plus
  • Accounting qualification ACA, ACCA, CIMA (or equivalent)
  • Good knowledge of US Generally Accepted Accounting Principal (GAAP)
  • At least 10+ years of accounting and administrative experience with the ability to handle full set of financial accounts, including all tax and deferred tax.
  • Accountancy Degree
  • Member of Chartered Accountancy
  • Knowledge on SAP, Hyperion, Essbase and Lucernex (for lease management)
  • Ability to correlate business processes and procedures with financial data.
  • Ability to identify problem on a pre-emptive mode & formulate feasible solutions.
  • Organizational and inter-personal skills exhibiting cross functional capability
  • Operational competency.
  • Leadership skills. Ability to motivate, coach and facilitate functional meetings.
  • Technical knowledge ERP/SAP environment, Hyperion, Essbase and Lucernex
  • Good working knowledge on internal controls, local statutory and SOX complicates

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