Overheads Accountant (Fixed Term Contract)

Total Energies; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading energy company in Singapore is seeking an experienced accountant to manage financial records and ensure compliance with regulations. The role involves preparation of reports, budgeting, and collaboration with diverse teams. Candidates should possess a Bachelor's in Accountancy, along with a professional qualification and experience in financial management. Proficiency in Excel and Power BI is essential, and knowledge of SQL and Python is advantageous.

Qualifications

• Minimum 2 years of experience managing full-set financial records.
• Proficient in MS tools, especially Excel and Power BI.
• Knowledge of SQL and Python is a plus.

Responsibilities

• Responsible for accounting and reporting of general administrative costs.
• Ensure timely and accurate completion of financial closings.
• Manage intercompany recharges and reconciliations.

Skills

Stress management

Attention to detail

Team collaboration

Communication skills

Digital skills acquisition

Education

Bachelor's Degree in Accountancy

Professional accountancy qualification (e.g., ACCA)

Tools

Microsoft Power BI

Microsoft Excel

VBA

SQL

Python

Job description

Context & Environment

• Jobholder to assist in ensuring TTA's accounting and reporting meets the requirements and in compliance with the regulations that it is subjected to
• The role operates in a high-pressure environment with critical deadlines, particularly during month-end, quarter-end, and year-end closing periods
• Collaboration with very diverse international teams locally and stakeholders based abroad
• Access to confidential information
• Complex reporting structures with strict deadlines

Activities

Job Dimension

Responsible for the accounting and reporting of general administrative costs for entities under T&S (TTA and CSSS) in the Singapore office.

Overhead Accounting & Reporting

• Maintain accurate records of all general administration expenses and ensure timely posting to the general ledger
• Monitor and update cost allocation ratios to ensure proper distribution across business segments and trading books
• Record and justify accruals for general administration costs, conduct periodic reviews and follow-ups with relevant departments
• Prepare regular reports and presentations on overhead expenditures, including variance analysis against budget and historical data
• Investigate and explain significant variances to management
• Support monthly full-set accounts with accurate financial records

Financial Closing and Compliance

• Ensure timely and accurate completion of monthly, quarterly, and annual closings
• Comply with regulatory and accounting standards, including SOX, IFRS / FRS, and local tax regulations

Intercompany Recharges & Reconciliations

• Manage intercompany recharges process, including issuance of invoices and debit / credit notes
• Ensure accuracy and timeliness of intercompany charges across group affiliates
• Reconcile monthly, quarterly, and annual inter-company transactions between the Singapore office and affiliate entities

Tax Compliance

• Prepare tax computations and liaise with tax agents. Handle tax queries and keep abreast of updates / changes in tax regulations
• Provide necessary schedules for Estimated Chargeable Income and final tax filings
• Ensure complete recording of GST and Withholding tax related to general administration expenses
• Prepare and submit quarterly GST returns to the Inland Revenue Authority of Singapore (IRAS)
• Ensure compliance with Global Trader Programme (GTP) requirements in annual tax computations

Budgeting & Forecasting

• Participate in the budgeting process for overhead expenses based on historical trends, market conditions, business objectives, and departmental input

Audit Support

• Support internal and external audits by providing necessary documentation and explanations related to overhead expenses

Regulatory Reporting

• Prepare and submit surveys to government authorities (e.g., Department of Statistics, Enterprise Singapore, Monetary Authority of Singapore) within specified deadlines

Stakeholder Collaboration

• Liaise with internal departments to ensure efficient daily operations
• Communicate with other local and overseas offices for financial reporting collaboration
• Coordinate with external parties such as tax advisors for compliance and advisory matters

Process Improvement & Ad-hoc tasks

• Propose and collaborate on process enhancements with IT and other teams
• Assist in ad hoc financial analysis and special projects as required by management

Candidate Profile

Education and Work Experience

• Bachelor's Degree in Accountancy or Equivalent (Bac + 3) with recognised professional accountancy qualification (e.g., Chartered Accountant or ACCA membership)
• Minimum 2 years of experience managing full-set financial records
• Proficient in MS tools (Power BI, Power Query)
• Knowledge of SQL and Python is a plus
• Strong proficiency in Excel and VBA is essential

Essential Qualities

• Ability to manage stress and multitask in a fast-paced environment
• Meticulous, detail-oriented responsible, efficient
• Team player. Strong communication skills and ability to work independently and collaboratively. Strong command of English language
• Demonstrates a digital mindset and willingness to acquire new digital skills

Additional Information

TotalEnergies values diversity, promotes individual growth and offers equal opportunity careers.

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