Our client is a global leader committed to continuously deliver innovations to customers’ businesses worldwide, for creating innovative and fulfilling workplaces by effectively adopting information and knowledge through digital transformation (DX). They have pioneered numerous technologies and accumulated expertise since our establishment in 1962, to build an environment that encourages the use of one’s creativity to maximize organizational strengths. Their portfolio includes conducting R&D, manufacturing and sales of world-class workflow solutions, IT services, and printing equipment such as digital multifunction printers (MFPs). They also offer business process outsourcing (BPO) services as well as marketing and implementation support of Enterprise Resource Planning (ERP) systems.
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
EA Licence No: 11C5502
EA Registration Number: R1874110
