Senior Accountant

2 weeks ago


Singapore British Council Full time
Senior Accountant

Date:08-Mar-2023

Location:
Singapore, East Asia, SG

Company:
British Council

We support peace and prosperity by building connections, understanding and trust between people in the UK and countries worldwide.

We work directly with individuals to help them gain the skills, confidence and connections to transform their lives and shape a better world in partnership with the UK.

We support them to build networks and explore creative ideas, to learn English, to get a high-quality education and to gain internationally recognised qualifications.

Working with people in over 200 countries and territories, we are on the ground in more than 100 countries. In we reached 650 million people.

Position Title:
Finance Officer


Role Purpose:

  • Ensure the finance services in the areas of income collection, taxes, banking and General Ledger reporting and reconciliation is aligned with business requirements and financial/accounting requirements of British Council and Singapore accounting standards.
  • Ensure accounting services are provided by the post holder in accordance with Corporate Standards and local regulations and requirements.

Role context
The Accountant will be a member of the Finance Controllership team in British Council Singapore.

The team provides high standard of business support to British Council Singapore's operation, in coordination with the TC & Exams customer service colleagues in the 3 centres in Singapore, as well as finance colleagues from the Regional Finance team and Shared Services Centre in the following areas of responsibility:

  • Day to day operation (Sales, Purchasing & Payment, Financial Accounting, Banking)
  • Monthend and Yearend Closing and Reporting
  • Internal & External Audit and Reporting
  • Application & Compliance of Goods & Services Tax (GST) and government returns
  • Internal & External Audit and Reporting
  • Participate in East Asia / Corporate finance projects
  • Personal Professional Development

Main accountabilities but not limited to the following:

  • Day to day operations (Revenue, Payment, Financial Accounting, Banking)
Accounts Receivable

  • Receive and post Cash Journals. Liaise with Customer Services team on any discrepancies
  • Ensure all cash journals and cash desks are closed at the monthend with no discrepancy
  • Work with India SSC, banks and SBU to resolve receipt issues eg unrecognized receipts
Payments

  • Coordinate with Accounts Payable team of SSC (Shared Service Centre), SBU (Strategic Business Unit) and banks in the payment process; weekly payment run, monthly Direct Invoicing, One Time Vendor payments, Offsystem payments, in accordance to Corporate approval guidelines
  • Process the monthly corporate credit card statement from the CitiManager portal for payment
  • Support weekly customer refund [Exams/Teaching] process; prepare the payment file and related journal
  • Work with India SSC, banks and SBU to resolve payment issues eg rejected payments/GIRO and unidentified payments
Financial Accounting and Reporting

  • Support the Finance Controller in the review of General Ledger Accounts. Ensure balance sheet risk items are identified and resolved timely
  • Follow up with India SSC and SBUs to resolve bank reconciliation open items timely
  • Follow up with Corporate credit card holders to clear open Concur claims and clear Concur control accounts monthly
  • Support the monthly End of Period and quarterly FCCF (Financial Control Compliance Framework) reporting. Collate and review evidence, supporting documents as per EOP and FCCF's deadlines and compliance requirements
  • Ensure finance document retention comply with Corporate policies and local Tax regulations
  • Provide finance support back up function as required by Finance Controller
  • Any other matters as advised by Finance Controller
Banking

  • Maintain Banking relationships
  • Update bank signatories and bank mandates
  • Administrator of banking portal [CitiDirect]
  • Weekly monitoring of cashflow to ensure there is sufficient funds for the Singapore operations
  • Prepare and submit the monthly cashflow forecast and variance analysis
  • Prepare statutory returns and GST Return
  • Compile and submit statutory returns
  • Compile and submit of GST Return
  • Support Finance Controller in the Internal and External Audit Process
  • Prepare information, extract documents and provide analysis for External & Internal Audits
  • Provide timely response to audit questions
  • Assist in the follow up of internal and external audit remediation plans
  • Participate in East Asia / Corporate finance projects
  • Relationship & stakeholder management
  • Develops good working relationships with appropriate colleagues throughout the British Council and in HR to facilitate the effective provision of high quality and customerfocused services and advice
  • As required, represents the British Council in discussions and dealings with external suppliers/providers
  • Personal Profes

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