Accounting Officer

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Sub Department: Finance and Accounting - Accounting & Controlling

Number of Openings: 1

Role Purpose

Finalize the management accounts, and payroll accountant, monitor group accounting treasury activities, inter-company balances, coordinate with external and internal auditors.

Job Accountabilities & Activities

1. Prepare financials/management accounts for other corporate entities.
2. Coordinate, participate and provide requested documents/entries/investment schedule to internal and external auditors.
3. Ensure strong control is applied to accounting records at all times.
4. Ensure following of group accounting policies/authority matrix/internal business processes and procedures.
5. Record and maintain up-to-date inter-company transactions and regularly reconcile with OpCos.
6. Coordinate with Zakat and Tax regarding their matters e.g. zakat accruals/withholding tax/investment breakdown.
7. Undertake Bank reconciliation on a monthly basis for all banks.
8. Ensure and maintain highest control/green rating for Bank reconciliation at all times.
9. Closely work/cooperate with GT team to ensure accurate calculation and accounting entries for interest charges/currency trading/cross currency swap/IRS.
10. Adopt a problem-solving approach to settle issues and properly escalate when necessary.
11. Closely monitor, record and reconcile due to/from related parties/subsidiaries/JVs on a monthly basis.
12. Prepare monthly intercompany reports showing YTD balances for all subsidiaries and take necessary actions.
13. Generate and circulate statement of account to subsidiaries/JVs and proactively engage in solving disputed amounts internally and externally.
14. Communicate disputes with concerned internal departments and investigate issues to ensure accuracy.
15. Ensure strong control and confirmation process with all subsidiaries and follow head office cut-off policy to ease the monthly closing process.
16. Draw FM attention to all exceptional issues/disputes with OpCos related to inter-company balances and areas of improvement to current processes/VAT requirements.
17. Issue debit/credit notes to OpCos on a monthly basis/as required.
18. Coordinate with PE team to record expenses, income and investments related matters.
19. Monitor PE movements (cash in/out) and reconcile with accounts.
20. Support/answer all other PE inquiries and matters.
21. Maintain high accounting control/records.
22. Prepare Cash position reports on a monthly basis in order to complete liquidity reports/cash flow statements as per requirement.
23. Undertake cost center reclassification as per SAP requirements.
24. Update withholding tax reports and send them to Zakat & Tax team.

Education & Certifications

Bachelor’s degree in Accounting.

Required Years of Experience

Prefer to have at least 3 years of relevant experience in the accounting department.