Senior Executive, Accounts

Key Tasks and Responsibilities

Financial Accounting & Reporting

1. Accounting Operations: Perform General Ledger function for assigned programmes and units, along with supporting tasks which may include

• Accounts Payable and Accounts Receivable;
• Cash and Fixed Asset Management; and
• Ad-hoc tasks as and when required

1. Financial Reporting & Month-End Closing: Prepare accurate and timely monthly financial closing, monthly balance sheet schedules and reconciliations, monthly cash flow forecasts and annual statutory financial statements
2. Subledger Reconciliation & Resolution: Reconcile subledger transactions with the Financial Accounting System, perform investigation on discrepancies (if any), and resolve discrepancies to ensure accurate and reliable reporting 
3. Budget Preparation & Financial Forecasting: Assist in the preparation and consolidation of the annual budget and regular financial forecasts for assigned units
4. Variance Analysis & Financial Planning Support: Support Lead Manager, Finance Operations in conducting monthly budget and forecast variance analysis to provide insights for financial planning and decision-making 
5. Cost Analysis & Strategic Insights: Generate cost analysis reports to support management in strategic financial decision-making

Compliance & Internal Controls

1. Regulatory & Compliance Monitoring: Stay updated with the financial aspect of funding requirements and ensure compliance with tax, legal and regulatory requirements 
2. Petty Cash Administration: Administer petty cash, including claim verification, processing, and reconciliation
3. Documentation & Approvals: Review RC’s monthly financial transactions for proper documentation, accurate account assignment, and timely approvals
4. Internal Controls Monitoring: Monitor the effectiveness of internal controls, promptly escalating risks or irregularities to Lead Manager, Financial Operations
5. Audit Follow-Up & Implementation: Take follow-up actions on audit findings and recommendations, and ensure timely implementation of recommendations
6. Asset Reconciliation: Safeguard RC’s assets (cash, inventory and equipment) through appropriate internal control procedures and periodic reconciliations

Collaboration & Process Improvement

1. Process Improvement & Efficiency: Work with other Finance Operations team members to streamline processes and improve efficiency
2. Financial Systems & Controls Enhancement: Participate in financial system or workflow improvements, including documentation of procedures and sharing of best practices

Job Holder Requirements

• Diploma or Degree in Accountancy / Finance with relevant professional accounting certification (ACCA)
• Minimum 2 years of relevant working experience
• Experience in budgeting, forecasting, and variance analysis, will be an advantage 
• Prior working experience in Social Services or Special Education sector will be an advantage.