Job Description
Financial Management and Transaction Recording:
- Daily Transaction Recording:
o Record all financial transactions for each subsidiary, including sales, purchases, expenses, and any intercompany transactions. Ensure all entries are accurately categorized and aligned with each entity’s project or operational budget.
- Accounts Payable and Receivable:
- Track payments and manage collections for each subsidiary, ensuring all outstanding invoices are followed up on and supplier payments are made within budget constraints.
- Oversee daily accounting operations across the subsidiaries, ensuring consistency and accuracy in transaction recording and reporting.
Financial Reporting and Consolidation:
- Prepare consolidated financial statements, income statements, balance sheets, and cash flow projections for each subsidiary and the group.
- Ensure timely month-end and year-end closings, verifying accounts, reconciling discrepancies, and compiling transaction summaries.
- Coordinate with the accountant in our subsidiary company (Kontract) to ensure all transactions for the other subsidiaries are accurately recorded and reported.
Budgeting and Cash Flow Management:
- Develop, monitor, and adjust annual budgets and forecasts for each company.
- Update and manage cash flow projections, tracking expenses related to imports, operations, and projects cost.
- Provide budget variance analysis, tracking discrepancies between actuals and forecasts and advising management on budget adjustments.
Audit and Compliance:
- Ensure all transactions comply with relevant accounting standards and reporting requirements.
- Maintain up-to-date and accurate documentation for external audits and coordinate with auditors to ensure financial records are ready for review.
Payroll and Benefits Administration:
- Oversee monthly payroll processing for each subsidiary, reviewing records related to leave, sick days, and end-of-service benefits.
- Supervise payroll reports prepared by the accountant and admin, ensuring consistency and accuracy across subsidiaries.
Intercompany Transactions and Consolidation:
- Manage intercompany transactions, ensuring accurate recording and reconciliation across entities.
- Consolidate financial records for group-level reporting, ensuring all subsidiary transactions are accurately captured and reconciled.
Inventory and Cost Management:
- Inventory Control and Counting: Oversee all aspects of inventory management, including periodic and annual physical counts, to ensure accuracy and alignment with financial records.
- Conduct a yearly physical inventory count and quarterly random inventory audits to verify stock levels and track variances.
- Ensure inventory costs align with cash flow and profitability targets, tracking after-sales and warranty expenses for trends in replacement costs.
