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.
 
PERFORMANCE MEASURES
 
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
 
MINIMUM QUALIFICATIONS
 
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
Pro-active and keen to be involved in Operations of the business.