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Assistant Manager - Group Consolidation

Posted on:  19 Oct 2024
Job Req ID:  3701
Division:  Ancillary & Support Services (ANSS)
Department:  Group Reporting & Finance Ops (40000102)

JOB PURPOSE

The Assistant Manager - Group Consolidation supports the Finance Manager in the preparation of annual and monthly group consolidation of accounts, consolidated financial statements and the implementation of finance-related projects.

 

AREAS OF RESPONSIBILITIES

 

Group Reporting

  • Conduct monthly, budget and forecast group consolidation of accounts, ensuring accurate and timely preparation of consolidated financial statements.
  • Review sub-group consolidation of accounts, including those involving foreign subsidiaries.
  • Prepare the annual statutory group consolidation of accounts, liaise with auditors and assist in managing the audit process for the Group.
  • Prepare monthly financial reports, including the analysis of financial trends and variances submitted by subsidiaries, highlighting any adverse movements.
  • Prepare presentation materials for quarterly Board and Audit Committee meetings and submissions to relevant authorities.

 

Other and Ad Hoc duties

 

  • Supervise, review, and guide subordinate.
  • Manage special projects and other reporting requirements as needed.

JOB SPECIFICATION

MINIMUM ACADEMIC/PROFESSIONAL QUALIFICATION

  • Degree in Accountancy or full / partial qualifications in ACCA / CPA.
  • Suitable for individuals with a “hands-on” approach, a “can-do” attitude, and a solution-oriented mindset.

RELATED EXPERIENCE

Minimum 3 years of experience in group financial accounting, auditing and consolidation, or prior experience in an accounting firm managing group audits.

 

COMPETENCIES (KNOWLEDGE, SKILLS & ABILITIES)

 

  • Expertise in group consolidation accounting, including handling multiple subsidiaries, currencies, and accounting standards.
  • Knowledgeable of financial reporting standards (FRS, MPERS).
  • Strong written and verbal communication skills in English is crucial. The Assistant Manager will interact with various stakeholders, including auditors, subsidiaries and senior management.
  • Proficiency in Microsoft Office and ERP systems; familiarity with consolidation reporting tools is advantageous.
  • Analytical and critical thinking, problem-solving and attention to detail.
  • Ability to multitask, plan, prioritise and organise workload for timely report submissions.
  • Initiative to report work progress, discrepancies and proposed solutions to superiors.

 

COMPETENCIES (BEHAVIOURAL)

  • Ability to work independently and as part of a team with minimal supervision.
  • Strong interpersonal skills with the ability to communicate effectively at all levels of the organisation.
  • Positive working attitude, reliability, and accountability.
  • Self-starter with high initiative and a drive to excel.

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