Record to Report Assistant Manager

Job overview:

The Record to Report Assistant Manager (RtR Assistant Manager) is responsible for handling the day-to-day accounting tasks, ensuring accurate financial records, and supporting the month-end close process. This role will work on general ledger entries, account reconciliations, and financial reporting while maintaining compliance with accounting standards and company policies. The RtR Assistant Manager collaborates with cross-functional teams and provides essential support in preparing financial statements, audits, and tax filings.

Accountabilities:

1. General Ledger Management

• Oversee the recording, verification, and posting daily transactions to the general ledger, ensuring accuracy and compliance with accounting standards.
• Manage journal entries, accruals, and adjustments as needed to support accurate financial reporting.

2. Month-End and Year-End Closing

• Support the monthly and annual closing processes by preparing key reconciliations, ensuring completeness and accuracy of financial data.
• Assist in preparing and reviewing financial statements and reports in accordance with VAS or IFRS.

3. Account Reconciliation & Analysis

• Supervise the reconciliation of balance sheet accounts, including bank, receivables, payables, and inventory accounts.
• Identify and resolve discrepancies and variances through thorough analysis and follow-up with relevant stakeholders.

4. Inventory Management and Reconciliation

• Maintain accurate records of all inventory transactions, including purchases, transfers, and adjustments.
• Perform regular inventory reconciliations (monthly/ quarterly) between the accounting system and physical stock levels, promptly resolving discrepancies.
• Prepare inventory reports and monitor inventory costs, including landed costs, cost of goods sold (COGS), and write-offs, ensuring compliance with company policies and accounting standards and minimizing loss or obsolescence.

5. Fixed Assets Management

• Oversee the accuracy of fixed asset updates, ensuring all assets are tagged, tracked, and reconciled with the general ledger in compliance with accounting standards.
• Oversee monthly depreciation, amortization, asset retirements or disposals, ensuring proper recordings of gains or losses.
• Prepare fixed asset schedules, roll-forward reports, and analysis for month-end, quarterly, and year-end closings.
• Participate in ERP implementation or upgrades to enhance fixed asset management systems and processes by applying best practices in asset management.

6. Financial Reporting & Compliance:

• Prepare and submit timely and accurately the financial statements including income statements, balance sheets, and cash flow statements.
• Ensure compliance with accounting standards (IFRS, VAS) and regulatory requirements.
• Assist with internal and external audits, providing documentation and responding to audit queries.

7. Tax & Regulatory Filings

• Assist in the preparation of tax returns and regulatory filings, ensuring compliance with local, state, and federal tax laws.
• Support tax audits and research, analyzing tax implications of transactions.

8. Cross-Functional Support & Team Management

• Collaborate with other departments to support overall financial operations.
• Provide financial data and analysis as needed for budgeting, forecasting, and financial planning.
• Supervise direct reports, providing guidance and support to ensure effective execution of treasury and payment operations, thus enhancing team performance.