Purpose /Role of the job :
Assist the Financial Reporting Manager, Asia to complete month/quarter/year end closing and forecasting, ensure timely and accurate financial and management reporting in accordance with applicable Accounting Standards and INEOS Group Accounting literature for INEOS Acetyls business. Support timely and accurate filing of the annual accounts of INEOS Shanghai entity and a collection of entities of Asia Acetyls.
Produce and collate periodic management reports and information and assist in the annual budgeting process for Acetyls Asia. Support initiatives and projects as deemed appropriate.
Provide due support in tasks assigned in the financial and management reporting arena by the Financial Reporting Manager, Asia.
Environment/Context/Complexity of the job:
- Support the Financial Reporting Manager to deliver the posting and reporting in a timely and accurate manner in a period of transition
- Complete JV equity accounting, monthly closing and quarterly reconciliation and other JV related activities independently.
- Complete reporting (general ledger, monthly closing and reconciliation, inter-company and other activities supporting period end closing) and statutory reporting and annual filing independently for Acetyls AA Shanghai
- Interface with the Acetyls business team and Acetyls business finance team as needed to deliver the posting and reporting accurately and in accordance with the INEOS Group reporting requirements.
- Interface with Asia joint venture finance partners as needed to complete the monthly closing
- Complete tasks assigned in the financial and management report areana
Responsibilities/ Accountabilities of the job: Describe the main results expected from the job
- Process Joint Venture equity accounting, dividend posting and other JV related journals.
- Perform general ledger reconciliation, working capital reconciliation, HFM reconciliation and manage inter-company transactions.
- Distribute and lead monthly closing schedule, engage with internal stakeholders (HR, Commercial, Procurement, and business finance team) to complete monthly closing in a timely and accurate manner.
- Perform balance sheet review - perform reconciliations with sub-ledger/ledger and supporting documentation and reviews. Balance Sheet Assurance (BSA) provider in accordance with the process in existence, performed on a quarterly/monthly basis.
- Provide support to statutory reports, annual audit and statistical and compliance reporting to local government/authorities.
- Provide reports to Financial Reporting Manager on the monthly /quarterly/yearly end closing activities including: MI report preparation, FC analysis, and consolidation for the 5 JVs and 2 trading companies in Asia.
- Provide reports to Financial Reporting Manager on the annual budget including: consolidated internal review template, board review template and other budget template.
- Ad hoc request from Financial Reporting Manager on the Asia reporting request.
Required profile:
- The role requires a sound technical accounting knowledge and strong understanding of rules, to be capable of applying the understanding and knowledge in daily posting and reporting activities.
- The jobholder will also be required to have well developed PC skills (especially excel), and expert knowledge of SAP FICO, OTC, PTO and MM modules as well as Hyperion.
- It is preferred the jobholder has previous experience in professional firm(s).
- It is preferred the jobholder has previously worked in a general ledger accountant role.
- More than 5 years’ post-qualification experience, or equivalent Bachelors’ degree or designation with practical financial accounts experience, qualified CPA/ACCA is preferred
- 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.
- Attention to detail.
- Willingness to learn with a can-do attitude and wanting to succeed as an individual as well as team.
- Aptitude to identify and respond to stakeholder needs.
- Well organized and flexible when dealing with regional issues against tight deadlines and differing time zones.