Group Accounting Manager (Shipping Industry)
As part of the Group and Corporate team within the Financial Control (FinCon) department, the individual will be working closely with other FinCon functions, commercial and legal teams to manage the financial health and compliance of the company.
Job Description
• Prepare IFRS consolidated reports for segmental results within the Group.
• Oversee statutory and tax compliance requirement of group and individual shipping entities. This include managing the annual audit process, submission of tax returns and monitoring changes in accounting and tax regulations to ensure compliance.
• Represent FinCon in BEPS 2.0 project data compilation for purpose of tax compliance. As BEPS 2.0 rules are evolving, the candidate will work closely with our tax advisors to understand the latest BEPS developments and intrinsic rules surrounding it and apply the knowledge for tax compliance reporting.
• Lead ad-hoc projects independently with internal and external stakeholders.
• Business partnering with Commercial department to propose, review and improve current reporting initiatives (e.g. dashboarding, key financial metrics etc.).
• Review and analyse monthly financial reports prepared by vessel accountants and provide insights as part of the monthly Flash reporting to management.
• Assess charter arrangements of vessels and ensure compliance with group’s policies for both financial and management reporting. Financial review includes application of accounting standards and management review includes converting IFRS to non-IFRS measures, quantifying revenue backlog/committed revenue, reviewing aged accounts receivable positions, and evaluating expected credit loss in Charterers’ receivable position.
Qualifications / Experiences
• A recognized degree or professional qualification in Accountancy or equivalent, Chartered Accountant qualification preferred.
• Preferably 1 – 2 years of experience in similar managerial capacity, leading a small team, within shipping industry
• Knowledge of BEPS 2.0 is advantageous.
• Prior experience with IMOS and Oracle ERP and EPM module is highly preferred.
KNOWLEDGE AND SKILLS
• Strong communication and interpersonal skills are essential for effective cross-functional interaction with internal and external stakeholders.
• Proficient in data mining and synthesising large quantities of complex data into actionable information to front the segment reporting to management and commercial heads.
• Strong understanding of accounting standards and tax compliance requirements.
• Team player with growth mindset.
