The Assistant Manager is a finance professional whose role is to support Senior Manager (SM) in providing accounting and management reporting support to assigned Business Units for the purposes of external reporting and internal management reporting. In carry out this role, the Assistant Manager applies his/her knowledge of accounting and reporting standards and procedures to ensure accurate, consistent and compliant reporting, and analytical competencies to convey financial information in a manner that enables sound financial decision making.
Key Accountabilities:
Accounting, Reporting, Forecasting & Budgeting:
- Manage assistant accountants in maintaining accurate timely books of accounts in compliance to applicable accounting standards
- Assist the SM in preparation of Monthly / quarterly management accounts, forecasts and reports on the financial performance of the Business Unit including P&L, Balance Sheet, Cash Flows and supporting schedules (capex, balance sheet notes, etc)
- Assist in preparation of Quarterly external reporting to relevant authorities, and annual Statutory accounts compliance
- Assist the SM in internal financial controls, where necessary, interfacing between the line management and finance sub-functions on issues resolution, (e.g. AP, AR, Accounting, Treasury)
- Assist in supporting working capital management and treasury, taxation and financial planning
Investment, Capital Expenditure and Risk Management:
- Monitoring and reporting of capital investments
- Reconciliation of capex between accounting, commercial / projects, and tracking of cost to complete
- Conduct impairment tests, and other accounting compliance requirements related to assets and investment
- Reporting of exposures such as to foreign currency, interest rates, and forecast of such exposure for hedging
Internal Controls & Compliance:
- Ensures financial transactions are executed and recorded in compliance with applicable policies and procedures
- Ensure the effectiveness of key internal controls over Finance Reporting, and the assurance over financial results in accordance with applicable standards e.g. revenue and cost recognition, expenditure capitalization, etc.
- Review of BU Balance Sheet notes and support Audits in relation to BU financial results as and when required
- Establishment and updates of Segment Specific Financial Policy and Procedures
Taxation:
- Work with Group tax manager to plan fiscal structure such as to optimize short and long term effective tax rate
- Ensure books of accounts are kept in compliance with tax requirements such as Inter-Company procedures, Transfer Pricing procedures and Indirect tax compliance
Requirements:
- Finance or Accounting Degree, Professionally qualified
- 5 - 10 years post-qualification experience in a relevant industry
- Accounting Discipline: Well verse in accounting policies and procedures, and exercise sound judgment and diligence in compliance, escalates issues when necessary
- Problem Solving: Creative and innovative quality solutions to improve efficiency and effectiveness, quality conscious in financial reporting to ensure comprehensibility and user friendliness
- Analytical, good decision-making skills, ability to manage external stakeholders including advisors, auditors, etc.
