PURPOSE:
- Assist manager to oversee finance operations (accounting, consolidation & treasury) ensuring compliance with all local accounting, tax and regulatory requirements and standards
- Lead FXAP group legal accounting & consolidation process ensuring accounting compliance for the group
- Manage foreign exchange exposure, cash liquidity and financial arrangements for the group
- Analyze balance sheet (BS) items to identify issues for better BS management
- Lead cash management strategy for the group
- Lead improvement of APO finance processes and financial accounting quality improvement.
- Lead improvement of communication of APO Finance Operation team with various counterparts, including OpCos, APO departments and HQ.
- Lead compliance monitoring activities and improvement of governance in financial accounting practices within FXAP and the group
- Lead / support various finance related projects as a representative of APO Finance
- Lead & develop team members
- Execute operational activities at ground/staff level when needed
RESPONSIBILITIES & TASKS:
- 2IC (second in charge) to support & cover Operation Finance Head as needed
- Very hands on with daily operations to cover staff level activities due to current resource shortage
- Lead FXAP group treasury, financial accounting & consolidation process, ensuring reporting to Head Office is on time and accurate.
- Ensure APO / OpCos practices are in line with policies and guidelines. Provide instructions of relevant policies for OpCos and APO Finance members.
- Lead quarterly confirmation of financial statement risk assessment of FXAP and OpCos.
- Validate accuracy of quarterly closing schedule submitted by OpCos.
- Hands-on involvement to support month end closing: journals, reconciliation, analysis, consolidation etc.
- Support daily finance operations activities.
- Manage foreign currency exposure using financial instruments such as forward contract, NDF (non-deliverable forward) and complying with FX group guideline
- Ensure accuracy & reliability of foreign exchange gains/losses reported in the financial statements
- Perform monthly analysis of currency exchange gain / loss for the group & report to Corporate
- Monitor OpCos hedging activities & cash position ensuring compliance to group guidelines
- Daily cash management for FXAP
- Develop / propose cash management strategy for the group (e.g. evaluate cash positions of overseas subsidiaries and to propose dividend strategies to Corporate, assess mid-term cash requirements of the group and propose the most effective cash management strategy)
- Develop funding plan (new loan facility / renewal) as a group.
- Monitoring and managing the organisation's bank relationships and liquidity management
- Source and negotiate with banks for competitive cost of funding, investment & hedging instruments
- Prepare accurate and timely reports for stakeholders
- Establish, document and implement policies & procedures necessary to ensure a high degree of quality in work performed by area.
- Initiate & lead improvements of group consolidation / finance operations.
- Liaise with Tax Agents and external auditors to ensure APO accounting treatments comply with accounting policy and regulation.
- Manage the statistical survey requests from government bodies
- Review OpCos compliance / monitoring reports. Suggest / initiate / lead improvements as needed. Provide timely reporting to Corporate in a timely manner Team management & development: Manage the team, provide coaching & develop team members
- Lead / support finance related projects to improve productivity, compliance or governance. This also includes the broad spectrum of project management activities.
- Support Accounting Enhancement Project led by Finance Project Team
- Lead other ad-hoc projects & duties as assigned
Min Years of Experience and knowledge:
• Degree in Accountancy and 10 years working experience in accounting operations / consolidation / MNCs and Treasury function
• Minimum 5 years of experiences in leading Finance related projects / process improvement initiatives
• Sound understanding of accounting principles
• Understanding and experience of treasury operations including FX, hedging, liquidity, cashflow and various financial instruments
