Assistant Manager, Finance Ap/ar
2 days ago
Company:
Performance Motors Limited
Job Purpose
- Assist Finance Manager to ensure compliance with Group’s policies and relevant laws/ regulations in respect of financial matters and contribute positively to the company’s profitability and return on investment by exercising effective cost control measures and asset management.
- Co-ordinate with shared services centre relating to accounting operations including day-to-day finance operations so as to keep proper accounting records and meet reporting requirements on time.
- Job Content
- Financial accounting
- Review closing SL and PL journal and monthly SL and PL accounting schedule
- Review monthly sub-ledger reconciliation signed off for reporting submission
- Review inter-location transfer record for GST supplies declaration
- Review for internal revenue elimination
- Credit a/c review and account creation proposal
- Review Sales & Purchasing Commission, Insurance and Finance Commission for payroll
- Prepare/ Review payroll journals
- Compliance review of FRS 116 and FRS 115
- To compute and monitor recoverability of BMW Bonus and VKH
- Review accounts reconciliations and schedules
- Review monthly bank reconciliation for sign-off and follow-up
- Annual Statutory Accounts, XBRL
- GST and tax
- Provide assistance and research correct treatment
- Review for GST compliance
- Finalise corporate tax computations for review by HO and tax consultants
- Implement and review controls and processes
- Continuously review processes to ensure that controls are in place, recommend and implement new controls where necessary
- Review and implement process improvements
- Assist FM in preparation for AR and AP workflow documentation and signed off
- Capital expenditure purchases (SDS only)
- Perform credit assessment of customers
- Review capex of SDS cars purchases
- Cashflow and banking matters
- Monitor daily cashflow requirements
- Monitor and book forex cover for foreign currency payments
- Prepare Quarterly Cashflow Projection
- Liaison with financial institutions for all banking relating activities. i.e., opening & closing of bank accounts, updating of bank signatories etc
- Assist with funding matters including preparing of bank letters for drawdown, repayments, rollover
- Attending to banks queries - annual reviews, ad hoc requests
- Provide assistance to reporting team to formulate budget and forecasts
- Provide advice, guidelines and instructions to shared services centre and operations on new issues / clarify current practices
- IT matters
- Implement and test new programs developed to ensure that they function correctly based on our requirement
- Set up parameters and interfaces in GDMS for new models and/ or franchise.
- Supervise and guide AP/AR team
Job Requirement
- Degree in Accounting & Finance or equivalent professional accounting qualification (e.g. ACCA)
- More than 5 years of relevant working experience in accounting
- Good Excel skills
- Able to work in fast-paced environment
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