Assistant Accountant

Assistant ‐ Accountant

(Based At Nawala)

MAS Active, a key division of MAS Holdings, is a global leader in athleisure and performance wear, engineered for agility, comfort, and endurance. With a sharp focus on blending cutting-edge sports technology with contemporary fashion, MAS Active serves some of the world’s most iconic brands including lululemon, Patagonia, Lacoste, LSKD, Arcteryx, Vuori, and Gymshark. From next-to-skin wearables to smart apparel that tracks fitness metrics and workout analytics, MAS Active is at the forefront of apparel innovation, delivering solutions trusted by elite athletes, fitness professionals, and global celebrities alike. By combining deep domain expertise in performance-wear with sustainable innovation, MAS Active is not just shaping the future of apparel, but redefining how the world moves, trains, and lives.

Empower transformation by becoming a driving force of change at MAS. We are on the lookout for a dedicated individual assist the finance operations to be carried out in a timely and effective manner whilst conforming to specific standards and guidelines in order to meet all accounting and financial reporting objectives and governance.

Key Responsibilities:

• Ensure the preparation of monthly financial statements by updating and maintaining the relevant accounting records in accordance with accepted accounting standards.
• Adhere to company procedures in all sections of the accounting operation and prepare the relevant reports pertaining to the respective SBU’s operational costs.
• Liaise with external and internal auditors, prepare company financials and ensure that the organizational financial practices, processes, procedures comply with the accounting standards and policies.
• Contribute in the preparation of the annual budget for the SBU and coordinate with relevant internal teams to obtain all necessary information for finalization of the budget.
• Liaise with internal and cross-functional teams to ensure the accuracy of daily system transactions and facilitate to prepare monthly bank reconciliations.
• Liaise with all relevant external institutes including financial and regulatory authorities (Board of Investment, Department of Inland Revenue, Central Bank of Sri Lanka).
• Assist in directing the financial affairs of the SBU by developing, implementing, controlling inventory policies, strategies, providing strategic analysis, assisting the management in formulating business plans, budget and thereby facilitate the setting–up of the overall business.
• Train, Support and guide Staff, Executives to ensure accuracy and adherence to Group Accounting Policies and standards. 
• Engage and drive innovative projects, whilst providing out of the box solutions to the Finance team increasing efficiency.  
• Adhere to group guidelines and ensure the timely clearance of the monthly balance sheet and accurately project the balance sheet to understand the divisions liquidity position.
• Work in collaboration with Finance leadership to identify balance sheet, cash initiatives and develop monthly review mechanisms to ensure a steady liquidity position for MAS Active is maintained.
• Play a supporting role in ensuring the financial reporting reliability by mitigating risk of frauds and errors, thereby maximizing shareholder profitability within the Process and Governance function.
• Support management with data and analysis in a logical manner to aid decision making that is of a long-term view and sustainable for the relevant SBU.

Knowledge And Skills:

• Degree in Accountancy or Finance. Qualified in CIMA or CA.
• 2-3 years of relevant experience in similar capacity including hands on experience in SAP. Treasury related experience would be advantageous.
• Computer literate and understanding of accounting software principles.
• Ability to work with Microsoft Excel and SAP.
• Excellent communication skills both writing and speaking in English is a must.