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Introduction:

Responsible for General Ledger, Accounts Receivable and Accounts Payable functions

Responsibilities:

General Ledger Function

- Responsible for IFRS 16 lease accounting entries

- Preparation of inventory aging report and provision for stock obsolescence

- Posting of Group treasury interest income and expense

- Posting of monthly manual journal entries

- Responsible for month-end closing tasks such as FX revaluation, opening/closing of accounting periods

- Monthly preparation and submission of financial data to Group in accordance to their closing timeline

- Preparation of monthly balance sheet reconciliations such as bank and petty cash

- Preparation of quarterly goods and service tax and withholding tax filing to IRAS

- Preparation of VAT for Australia

- Responsible for APAC payroll computation and other matters, with external service provider assistance

- Involve in annual budget exercise and input numbers into reporting system

- Liaison with auditors, customers, suppliers, bankers and tax consultants such as bank account matters

- Support Regional Finance Manager in monthly analysis of financial data, commentary and other finance matters

- Preparation of external audit schedules

- Preparation of tax organizer

- Attend to external auditors, tax agent and tax authority queries

Accounts Receivable Function (Intercompany and 3rd party)

- Manage customer master data such as credit limit, payment term, creation of new customer and amendment of existing customer data 

- Manual release of sales order when credit block

- Follow up with sales, customer on payment matters

- Preparation of debit and credit note such as miscellaneous sales for scrap

- Posting of customer receipts and bank charges

- Forecast of monthly receipts for cash flow management

- Preparation or aging report and provision for bad debt

- Accrual of customer claim

- Posting of other monthly manual journal entries

- Computation of agent commission and customer volume rebate

- Monthly Interco Confirmation and resolving differences

- Preparation of external audit schedules and corporate income tax computation data

Accounts Payable Function (Intercompany and 3rd party)

- Manage vendor master data such as payment term, creation of new vendor and amendment of existing vendor data 

- Matching of invoices to purchase orders and delivery orders, resolving differences with vendor and procurement department

- Scan supplier invoices and supporting to VIM, vendor management portal

- Posting of supplier invoices, applying the payments, apply the correct account and cost center coding

- Close drop shipment purchase orders

- Forecast of monthly payments for cash flow management, prepare netting payment to Treasury 

- Accrual of supplier invoices not received for month-end closing

- Monthly Interco Confirmation and resolving differences

- Posting of Goods-in-transit journal entry

- Posting of other monthly manual journal entries

- Checking of staff claims and ensure it complies with Company Policy 

- Arranging payment for other matters such as Director Fee/Bonus

- Follow up on long overdue advance payment made

- Clearing of control accounts

- Posting and amortizing of prepayment account

- Preparation of fixed cost report for Singapore and consolidate for other APAC region

- Checking and processing the payment of APAC region

Requirements:

This position requires a highly organized and detail-oriented individual with a strong understanding of financial accounting principles and practices. The successful candidate will play a crucial role in ensuring the accuracy and efficiency of the company's financial operations across multiple regions.

Strong financial accounting knowledge and experience.

Proficiency in accounting software and systems.

Understanding of IFRS 16 lease accounting.

Excellent organizational and analytical skills.

Attention to detail and accuracy.

Ability to work independently and as part of a team.