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Financial Analyst

1.Purpose of the job: describe in 1 phrase what contribution the job is expected to make to the organization’s objectives.

Supporting the Finance Manager in various financial reporting and analysis tasks including month/quarter/year end reporting, performance planning and forecasting, cash and banking management and timely and accurate filing of the annual accounts of Malaysia and Japan entity. Support Line Manager and Commercial team in all aspects in the Finance arena with other functions across the Company within INEOS, including but not limited to reviewing Letter of Credit operations.

2. Environment/Context: describe the most important internal and external factors influencing the job

  • Interface with the Asia Acetyls business team and Acetyls business finance team as needed to deliver the reporting accurately and in accordance with the INEOS Group reporting requirements.
  • Interface with the joint venture business and finance partners as needed to complete the monthly closing and statutory reporting.
  • Responsible for the Credit (Letter of Credit), Cash and Bank management and Accounts Receivable ledger for the assigned businesses, communicating regularly and appropriately with commercial team, banks and other internal stakeholders.
  • Recognizing issues that require escalation and work with various internal and external stakeholders to ensure swift and appropriate resolution.

3.  Accountabilities of the job: describe the main results expected from the job.

  • Provide financial analysis to assist in performance planning and management / commercial decision making.
  • Cash and banking management for Malaysia and Japan Acetyls business, including.
    • Daily cashflow monitoring
    • Cash and banking accounting including receipting and bank reconciliation
    • Prepare weekly cash forecasting
    • Identify any cash gap and mitigate any cash exposure
    • Understanding Foreign Exchange Policy (“FEP”) update and its impact to Malaysia entity
    • Balance sheet assurance for Accounts Receivable for Malaysia and Japan Acetyls business
  • Month / Quarter / Year End close reporting
    • Actual margin review and analysis
    • Month / YE adjustments related to sales and purchase
    • 3 months forecast preparation
    • EBITDA analysis and monthly template submission to BU
    • MBR pack
    • BSA assurance process
  • Preparation of Annual Budgeting Exercise and review
  • Statutory Reporting – Support Finance Manager in the preparation of statutory financial reports and annual filing in compliance with regulatory requirements for Malaysia and Japan.
  • Manage Letter of Credit (LC) Operation, including track, advise on, and record the progress and process of inbound LCs, liaising with Customers Account Coordinators, banks and the business as appropriate.
  • Perform Vendor Master Data maintenance including creation and update as and when required.
  • Ensure Balance Sheet Integrity of AR, NIL aged and / or bad debt and a high level of satisfaction by working with relevant teams on account reconciliations.
  • Support other ad hoc finance activities as required by the Line Manager, such as.
    • Unusual transaction tracker and business case preparation
    • DoA
    • Others
  • Establish ongoing working relationships with banks, Commercial, Customer Account Coordinator, Credit, Finance and other functionally related teams.

4. Required profile:

Technical Skills

  • Qualified ACCA with 5+ years’ post-qualification experience, or equivalent Bachelors’ degree or designation with practical financial accounts experience.
  • Minimum of 2-5 years’ experience in a cash and banking operation and AR Collections environment or related role.
  • The role requires a sound technical accounting knowledge and strong understanding of the IFRS rules, to be capable of applying the understanding and knowledge in daily posting and reporting activities.
  • Preferably with basic knowledge or experience in handling security instruments such as Letters of Credit (LC’s) sufficient to form a working knowledge of irrevocable/documentary LC’s, standby letters of credit and other general forms for commercial sales transactions.
  • The jobholder will also be required to have well developed PC skills, and expert knowledge of SAP.
  • Intermediate to advanced knowledge of Microsoft Office applications (especially Excel) and SAP.

Behavioral Skills

  • Meticulous – great attention to detail and being very diligent and precise in tasks or activities.
  • Good and effective communication skills
  • Ability to deal effectively under stressful and/or challenging work conditions.
  • Ability to handle self in a professional manner and across all levels of the organization.
  • Pro-active and have strong interpersonal and communication skills to resolve issues and present information effectively.
  • Fast learner with ability to adapt to changing business requirement/processes/environment.
  • Willingness to learn with a can-do attitude and wanting to succeed as an individual as well as team. 
  • Well organised and flexible when dealing with regional issues against tight deadlines and differing time zones.
  • Good team player.
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