Senior Specialist Asset Accounting

Omya Group; Kuala Lumpur; On-site; MYR 60,000 - 82,000; Full time

Job summary

Omya Group in Malaysia is seeking a skilled Asset Accounting specialist to execute daily B2C asset accounting tasks, including investment orders, capitalization, depreciation, and monthly close. You will ensure accuracy of postings, maintain reconciliations, and support audit readiness as part of a global shared services setup.

In this role you will act as SME for complex postings, drive root-cause analysis, contribute to standardization, and collaborate with Controlling, AP, AR and process

Qualifications

• University degree in Finance or Accounting or related field.
• Experience with asset accounting, month-end close and reconciliations is preferred.
• Familiarity with SAP FI/AA modules and Cadency tools is advantageous.

Responsibilities

• Execute and oversee daily/monthly B2C Asset Accounting tasks including investment orders, capitalization and depreciation.
• Ensure accuracy of postings, supporting documents, reconciliations and closing steps.
• Act as SME for complex asset accounting exceptions and perform root-cause analysis.
• Identify recurring issues and work with process management on remediation to prevent recurrence.
• Escalate structural issues, risks and recurring defects to appropriate channels.
• Support implementation of new/updated work instructions, tools and systems (e.g., SAP, Cadency).
• Document updates to SOPs and control matrices reflecting process changes.
• Coach peers on asset accounting workflows and closing activities.

Skills

Asset accounting

IFRS/GAAP

SAP FI/AA

Reconciliations

Audit readiness

Process improvement

Education

Bachelor’s in Finance/Accounting

Tools

Cadency (Trintech Cadency)

SAP Cadency

Job description

Service Performance and Issue Resolution

Execute and oversee daily and monthly B2C Asset Accounting operational tasks, including settling investment orders, capitalizing intra-group service charges and own labor costs, and performing planned and unplanned depreciation, ensuring timely and accurate execution

Ensure the accuracy of financial postings, supporting documents, reconciliations, and closing steps related to asset accounting, ensuring alignment with closing calendars and reporting deadlines

Act as the escalation SME for complex asset accounting exceptions related to incorrect postings, mismatches, missing documentation, or unclear account balances; perform root-cause analysis and implement corrective actions

Identify and monitor (recurring) issues, perform root cause analysis and work with the process management team on the remediation or improvement to prevent recurrence

Escalate structural issues, risks, and recurring defects to the appropriate channels

Implementation of Changes and Improvements

Contribute as SME to standardization and continuous improvement of B2C Asset Accounting processes and procedures

Work closely with the B2C process management team to ensure continuous improvement of underlying processes

Support the implementation of new or updated work instructions, tools, and systems along the process (e.g., SAP, Trintech - Cadency) including system testing and change management (e.g., end user training)

Document and align with the process management team on the updates required to the standard operating procedures and control matrices to reflect process changes and lessons learned

Collect improvement ideas, contribute to the operational improvement backlog and work with the team lead and the process management team on the prioritization

Participate in pilot activities, testing, and training related to changes impacting the operational line

Process Accuracy and Reconciliation

Ensure accuracy of asset accounting entries (investment orders, capitalizations, depreciation) in accordance with IFRS/GAAP and company policies

Perform reconciliations of asset accounts and sub-ledgers, investigate and resolve variances, and ensure completeness of supporting evidence

Validate asset master data, escalating discrepancies and driving corrective updates

Maintain and test key controls around asset accounting postings and closing activities to support compliance and audits

Support month-end close activities by ensuring all asset accounting items are posted or adequately reconciled for financial reporting

Coach and provide guidance to peers on asset accounting workflows, closing activities and audit readiness

Stakeholder Management and Communication

Coordinate with Controlling, Accounts Payable, Accounts Receivable, and other finance stakeholders to resolve complex issues and align on the remediation

Serve as primary SME contact for internal stakeholders on asset accounting treatment, capitalization rules and depreciation

Provide clear, timely communication to stakeholders on the status of escalations, corrective actions and process changes

Support internal and external audit requests and ad-hoc queries related to asset accounting.

Education

University degree in Finance, Accounting, Business Administration, Economics, or related field

Relevant vocational education with significant experience may be considered

Experience

3–5 years of experience in asset accounting, B2C operations, month-end closing, or related financial operations, preferably in a global shared services organization

Experience working with accounting and closing systems (e.g., SAP, Trintech - Cadency) and performing reconciliations

Experience performing root-cause analysis and supporting system/process improvement initiatives, including change management (i.e., end user training)

Knowledge and skills

• Strong expertise in asset accounting processes (investment orders, capitalization, planned and unplanned depreciation, asset master data)


• Solid understanding of accounting standards relevant to fixed assets and investments (IFRS/GAAP)


• Strong expertise with SAP FI/AA modules or comparable systems – SAP S4/HANA experience is an advantage


• Solid understanding of internal controls and audit compliance requirements


• Strong attention to detail for financial documentation and closing evidence


• Ability to handle confidential financial records securely


• Excellent communication skills and ability to act as an SME with stakeholders


• Analytical mindset with strong problem-solving and process-orientation skills

Other requirements

• Very good command of English, both oral and written


• Additional language(s) beneficial depending on team location and scope


• High level of confidentiality when handling sensitive treasury and financial information

POSITION SCOPE

Reporting Line(s)

Solid line(s) to:

• Team Lead Asset, Cash and Bank Accounting

Working Relationships

Internal contacts: Team Lead Asset, Cash and Bank Accounting Head of Accounting & Reporting Process management within Book-2-Close Controlling, Accounts Payable and Accounts Receivable teams Other Specialists within Book-2-Close and adjacent processes Project team (e.g., for any implementation projects) Internal Auditors External contacts Service providers or external business partners as required for daily operations External auditors Legal bodies Tool and technology providers

Omya is a leading global producer of industrial minerals and a worldwide distributor of specialty materials. Our company was founded 140years ago and remains a privately‑owned, independent company headquartered in Switzerland but with offices and plants in more than 50 countries. When you join Omya, you become part of a global team that uses its creativity, expertise and experience to make a difference to people's lives. Thinking of Tomorrow means focusing on the challenges of the future and how we can develop mineral products to solve them. This is a collaborative environment where people work towards common goals, with a common purpose Our purpose, combined with our values of modesty, courtesy, integrity and perseverance, is the foundation of our business. Our values are relevant to our lives, not just our work. All Omya employees, partners and suppliers are bound by a Code of Conduct which reflects our values and guides our behavior.