Accountant - Group Consolidation

Paradise Group Holdings Pte Ltd; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading company in the F&B industry seeks a Financial Analyst to oversee management accounting and reporting. This role entails preparing budgets, forecasts, and cash flow analysis, along with liaising with auditors and ensuring compliance with statutory requirements. Ideal candidates possess a Bachelor's Degree in Accounting or Finance with 1-3 years of consolidation experience.

Qualifications

• 1-3 years of working experience in Consolidation.
• Familiar with accounting principles and IFRS.
• Audit experience is an added advantage.

Responsibilities

• Responsible for full spectrum of management accounting and reporting.
• Assist in preparing annual budget, quarterly reforecast.
• Prepare monthly cash flow forecast.

Skills

Analytical Skills

Effective Communication

Project Management

Education

Bachelor's Degree in Accounting and/or Finance

Tools

Enterprise Resource Planning software

Job description

Objective:

· Prepare financial reports by Brands and ensuring various financial reports is prepared accurately and timely.

· Apply principles of accounting to analyse financial information.

Liaise with Auditor at Group and/or Subsidiary level and Tax Agents and ensure compliance of statutory requirement timely.

Job Description:

1. Monthly Management Reporting

· Responsible for full spectrum of management accounting and reporting, including details review, coordinate financial accounting and reporting for Companies on actual performance versus budget versus last year performance.

· Prepare budget and projection including preparing regular variance analysis relating to actual versus forecast results for management tracking and decision on business performance.

· Consolidate Brand’s financial results and integrate into reports by respective Brand.

· Prepare commentary and explanation on monthly business performance by brands, by outlets and by region.

· Prepare board meeting materials

· Take note of board meeting minutes and circulate for approval

2. Budgeting & Operational

· Assist in preparing annual budget, quarterly reforecast.

· Analyse revenue and expenditure trends and recommend appropriate budget levels and ensure expenditure control.

· Monitor monthly actual performance against budget.

3. Cash Flow Management and Forecast

· Prepare monthly cash flow forecast to ensure availability of funds as needed.

4. Accounting Administration and System Administration

· Work with operating team on the collation and compilation of financial data and information

· Manage the workflow of the accounting process to ensure proper maintenance of all accounting systems and entries.

· Monitor and review accounting and related system reports for accuracy and completeness.

· Explain accounting policies and ensure consistency within group policy

· Explain Tax updates and ensure consistency within group policy

· Ensure timeliness and accuracy of financial and management reporting are prepared for various stakeholders.

· Assist in implementation of consolidation accounting software for ease of group consolidation from each region accounting team

· Assist in financial analysis for renewal of existing outlets tenancy and new project or new outlets tenancy on projection and simulation in term of feasibility and viability.

· Perform any other additional responsibilities as assigned by Financial Controller

Requirement:

· Candidate must possess at least a Bachelor's Degree in Accounting and/or Finance, or other relevant professional certification.

· Candidate should have at least 1-3 years of working experiences in Consolidation

· Audit experience is an added advantage.

· Familiar with general accounting principles, regulations, compliance requirement, and

· International Financial Reporting Standards (IFRS).

· Familiar with Enterprise Resource Planning software and other accounting related software.

· Recognize and be responsive to the needs of all internal customers of the organization.

· Able to manage projects and small team and track progress for improvement.

· Able to communicate effectively in both written and verbal forms.

· Able to analyse and present data in an impactful & convincing manner.