Officer, Finance - Transaction Services (6 months contract)

Officer, Finance - Transaction Services (6 months contract)

Job Purpose:
Perform all Transaction Services (TS) related operational activities in accordance to internal policies, processes, accounting standards and regulatory requirements for Oracle-GFMS companies i.e. all CIMB financial institutions and subsidiaries.

Key Responsibilities:

• System migration - post live support from CIMB Securities (CIMBS) to Group Finance System on daily operation assignments for Account payables (AP), Account Receivables (AR) and Fixed Asset (FA) module.
• AP - Prepare payments and disbursements requests for verification and necessary approval for payment within the Service Level Agreement (SLA) and statutory timeframes as well as in compliance with local regulations and tax reporting guidelines.
• AP - Perform monthly reconciliations and journal entries including payable withholding tax, clearing and accrual accounts for closing purpose.
• AP - Prepare for income tax instalments and withholding tax payments and submissions to Inland Revenue Board.
• AR - Perform all AR related transactions including but not limited to data entry, bulk loading, issuance of invoices and debit notes and cheque/fund bank-in/receipts settlements.
• FA - Post and constantly update information/records of existing and replacement assets, WIP additions, new capital investments, movements, roll-forward, write-offs and disposals in the Oracle Fixed Asset system and reconcile with Oracle GL system.
• FA - Post correct journal entries relating to budget accrual estimation, prepayment allocation and balance sheet account analysis (reconciliation) for accurate accounting reporting.
• FA - Post correct classification of accounting entries at purchase and payment level.
• Proactively identify and maintain appropriate operational controls and propose mitigation actions/plans to the management.
• Highlight to management on any issues that have impact to the compliance with internal policies, process and procedures as well as any regulatory requirements.
• Actively participate in the continuous improvement initiatives of the team and across GF.

Requirements:

• Diploma in Accounting & Finance
• Minimum 2 – 6 years of experience in financial accounting with strong emphasis in AP operations for large commercial, service-based organisation or financial institution
• Experience in a high volume, fast-paced environment

Technical/Functional Skills:

• Banking Products and Environment
• Oracle Financial System especially for Account Payables Module
• Accounting Standards (FRS/ MFRS)
• Withholding Tax
• Accounting Accruals
• MS Excel, Word and PowerPoint
• Problem solving
• Analytical
• Process focused