• Manage and oversee the general accounting functions within the Reporting department

Closing & Review

• Close the books of all subsidiaries by posting cash, cash receipts and sales monthly and yearly
• Sum the general ledger and prepare trial balances.  Identify imbalances and rectify any issues
• Adjust for accruals and prepare adjusted trial balances.  Identify imbalances and rectify any issues
• Generate financial statements, enter closing entries (move temporary accounts to permanent) and prepare the final trial balance. Identify imbalances and rectify any issues
• Review the posting of all entries to the general ledger ensuring entries and accounting methods employed are correct
• Identify inconsistent entries and work with colleagues to eliminate such instances in the future

Consolidation

• Combine the financial statements of several subsidiary companies in the combined financial results of the Group
• Consolidate the balance sheets of the combined entities by eliminating intercorporate investments, adjusting for intercompany receivables and payables, and reconciling equity
• Determine the proper accounting method for all investments (equity method, full/proportionate consolidation) and adjust accordingly
• Record or eliminate transaction accounting entries, such as goodwill, as needed.  Determine the method of accounting applicable to each transaction (purchase method, pooling of interests) and apply it
• Consolidate the income statements of the combined entities by eliminating intercompany sales

Bookkeeping & Reconciliation

• Establish and enforce proper accounting methods, policies and principles
• Assess current practices and procedures, and make recommendations for improvement
• Oversee the recording of all entries into the general ledger for each account as mentioned below:

Accounts Receivable

• Prepare journal entries for accounts receivable and sales then record in the ERP.  This includes provisioning allowances for doubtful accounts and creating and tracking deferred revenue schedules
• Generate invoices, send bill reminders, process payments and post receipts for goods sold or services rendered
• Perform account reconciliations and investigate discrepancies
• Resolve collections by examining customer payment plans and payment history, and coordinating with Treasury as needed

Accounts Payable

• Prepare journal entries for accounts payable and expense related items then record in the ERP.  This includes recording discounts and refunds received, and creating and tracking prepaid expense schedules
• Track all payments and expenditures, including payroll, purchase orders, invoices, partial payments and other similar items
• Clear all financial commitments by preparing checks or arranging for electronic submission.  Liaise with those owed to ensure processing of the payment
• Reconcile processed work by verifying entries and comparing system reports to balances
• Develop and maintain strong working relationships with vendors and suppliers. Work with Treasury to delay payments as needed to ensure sufficient capital is available to meet all obligations

Inventory

• Prepare journal entries for inventory and COGS then record in the ERP. This includes tracking the inventory stages (raw material, work-in-process, finished good) and allocating expenses to COGS (LIFO, FIFO, avg. cost)
• Track purchase orders, monitor inventory transactions, reconcile inventory with accounts at the month end and investigate discrepancies
• Conduct inventory control audits, variance analysis, charge-backs and physical inventory count reconciliations

Fixed and Intangible Assets

• Prepare journal entries for fixed and intangible assets then record into the proper module of the ERP
• Develop and track depreciation and amortization schedules. Where tax and accounting principles require different periods of time for depreciation and amortization track both and make the necessary journal entries
• Record sales and write-offs of assets.  Properly account for gains and losses considering the nature of the transaction (cash vs. like-for-like vs. payment in-kind)
• Maintain the asset registry and ensure all new assets are tagged accordingly.

Leases

• Determine the appropriate accounting principle for each lease an apply it accordingly
• Prepare journal entries for leases then record in the ERP.  This includes right-of-use assets, lease liabilities interest expenses and depreciation (and subsequent schedules) for all leases subject to IFRS 16.

Audit & Financial Control

• Analyze control procedures, identify gaps and report on deficiencies to Financial Controller
• Design processes to limit the capacity for intentional or unintentional errors
• Play an active role in reviewing policies and procedures ensuring they are up to date with legislation and best practices
• Assisting with external audits on a yearly basis and as may be required

Leadership

• Assign projects and direct Corporate Accountants and General Ledger Accountants to ensure compliance and accuracy
• Develop team members by managing performance, setting goals, providing ongoing training and maintaining strong employee relationships
• Work with other Managers and Financial Controllers

While the above includes a description of the essential functions of the position, other duties may be assigned. This job description is subject to change at the discretion of management

• Bachelor's degree in accounting or finance
• Accounting certifications (CPA, ACCA or CIMA) highly preferred
• 7+ years of progressive accounting experience with a portion of it in a supervisory role
• Fluent in English
• Extremely organized and attentive to detail
• Strong with numbers
• Thorough understanding of accounting and financial reporting principles and practices
• Excellent verbal and written skills
• Strong leadership skills with a dedication to driving and achieving results
• Advanced skills in Microsoft Excel and Word
• Familiarity with Enterprise Resource Planning (“ERP”) software systems