Senior Executive Consolidation

Pacific International Lines (Pte) Ltd; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading global shipping company in Singapore is seeking a highly motivated Senior Executive, Consolidation to enhance financial reporting processes. This role involves preparing consolidated financial statements, managing group consolidations, and acting as the FCCS administrator. Candidates should possess a degree in Accounting or Finance, with 3-4 years of relevant experience and strong understanding of financial standards. Join a dynamic environment focused on innovation and sustainability.

Benefits

Opportunities for professional growth

Dynamic and collaborative work environment

Qualifications

• Minimum 3-4 years of relevant experience in financial roles in audit consulting and commercial sectors.
• Strong knowledge of SFRS and regulatory changes.
• Experience with full consolidation of multiple entities.

Responsibilities

• Prepare month-end, quarter-end, and year-end consolidated financial statements.
• Perform subgroup consolidation work where needed.
• Liaise with external auditors and facilitate the audit process.

Skills

Financial reporting

Consolidation processes

Communication

Problem-solving

Education

Degree in Accounting, Finance, or Business-related discipline

CPA/CA (preferable)

Tools

Oracle

Job description

Overview

Singapore

DRIVING CONNECTIVITY

Chart your Course with PIL

With over 55 years of leadership in the global shipping industry, Pacific International Lines (PIL) is looking for proactive individuals to drive innovation and sustainable shipping solutions. If you’re fueled by pioneering ideas, enjoy challenging the status quo, and are determined to make a significant impact, PIL wants you as a part of our dynamic community of maritime professionals.

At PIL, we provide local experiences with a global reach. With our headquarters in Singapore, and services offered at over 500 locations in 90 countries, you will have ample opportunities to work with colleagues from different cultures and communities.

Get On Board for a Dynamic and Purposeful Career.

Role

We are seeking a highly motivated and experienced Senior Executive, Consolidation to join our dynamic team at Pacific International Lines (PIL). This role plays a critical role in supporting the team to enhance our group consolidation processes, financial reporting and transformation initiatives. You will ensure accurate and timely preparation of month-end, quarter-end, and year-end consolidated financial statements in accordance with SFRS and Group requirements covering multiple groups within PIL. You will also be supporting the implemtnation of FCCS project, serving as FCCS administrator while establishing policies and procedures to strengthen internal controls.

Key Responsibilities

Prepare with the team month-end, quarter-end, year-end consolidation of the Group financial statements and cash flow statements in accordance with SFRS and Group requirements, covering:

• PIL Pte Ltd Group
• Pacific International Lines (Pte) Ltd Group

Perform sub-group consolidation work where needed, covering:

• PIL Logistics Pte Ltd Group
• PIL China Group
• PIL India Group
• PIL Thailand Group
• PIL Marine Group
• PIL Enterprise Group
• MELL Group
• Selatan Marine Group
• And any other Group / reorganisation entities

• Perform proofing work for foreign currency translation reserves, revenue reserves and minority interest
• Ensure timely closing of group consolidation and group statement of cash flow
• Work with managers to liaise with external auditors, oversee and facilitate annual audit process, including preparation of financial statements
• Timely preparation/ review of submission of balance sheet account reconciliations at consolidation level, with appropriate resolution
• Perform the role as FCCS administrator
• Drive transformational initiatives to improve productivity, accuracy and governance/internal controls.
• Handle other ad-hoc matter as assigned

Must Have

• Degree in Accounting, Finance, or Business-related disciplines, preferably with a CPA/CA
• Minimum 3-4 years of relevant experience, with a blend of audit consulting firm and commercial experience
• Strong understanding and kept abreast of financial and accounting reporting standards (SFRS), as well as regulatory changes
• Hands-on experience in performing full consolidation of multiple entities including consolidation entries for disposal and addition of new entities within the Group
• Able to perform balance sheet account reconciliations with appropriate resolutions
• Experience with Oracle is preferred

We Value

• Strong communication skills and the ability to collaborate effectively with various stakeholders.
• A team-oriented mindset and detailed oriented.
• Flexibility and adaptability to changes in a dynamic business environment.

Why Join Us

• Be part of a leading global carrier with a strong focus on sustainability and innovation.
• Work in a dynamic and collaborative environment.
• Opportunities for professional growth and development.

Application Process

To apply for this exciting opportunity, please submit your resume outlining your qualifications and experience

Foreign candidates will be subject to the validity of approved work passes to work in Singapore.

About Us

Incorporated in 1967, Pacific International Lines (PIL) is ranked 12th among the world’s top container shipping lines and is also the largest home-grown carrier in Southeast Asia. Based in Singapore, PIL is a global carrier with a focus on Asia, China, Africa, the Middle East, Latin America, Oceania, and the Pacific Islands.

Together with its affiliated companies Mariana Express Lines (MELL) and Malaysia Shipping Corporation, PIL serves customers at over 500 locations in more than 90 countries worldwide with a fleet of 100 container and multi-purpose vessels.

Apart from the core liner shipping business, PIL also has several other business units such as container manufacturing, depot, and logistics services.

PIL strives to meet the needs of its customers by providing value-adding services such as intermodal, breakbulk, and reefer services delivered on innovative technological platforms. With its focus on “Driving Connectivity” and commitment to achieving Net Zero by 2050, PIL aims to be an efficient, sustainable, and future-ready shipping line.

Pacific International Lines (PIL) is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.