Role Description 

The Accounting Supervisor oversees the Reporting function and focuses on delivering timely and accurate financial statements and reporting. This role is responsible managing a team of six (6) Financial Reporting accountants who manages a portfolio of thirteen (13) entities in Singapore and Myanmar. 

Duties and Responsibilities 

• Lead the month end financial closing process and ensure that monthly financial statements are reported on time. 

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

Closing & Review 

• Responsible checking and monitoring for month-end close procedures including preparation of journal entries and balance sheet reconciliations for deferrals, prepaids, accruals, etc. 

• Check and release all the transactions posted by GL Reporting Accountant. 

• Generate financial statements and relevant notes to the financial statements.  

• Spot errors and suggest ways to improve efficiency and spending. 

• Adjust for accruals and prepare adjusted trial balances.  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. 

• Ensure that all entities complete the financial reporting within the stipulated deadline. 

• Collaborate with the operations team to ensure timely closure of accounts payable and accounts receivables processes. 

• Collaborate with the FP&A to ensure transactions are recorded accurately according to the business nature.   

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: 

Inventory 

• Check and release 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, chargebacks and physical inventory count reconciliations 

Fixed and Intangible Assets 

• Check and release journal entries for fixed and intangible assets then record into the proper module of the ERP 

• Monitor and track the costs related to fixed-asset Construction in Progress (CIP) for renovation and new centre opening. Review contractors' bills for accuracy and completeness. Keeping a record of all project finances for internal/external auditing and tax purposes. 

• 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. 

• Check and review ROU and Lease Liabilities calculations prepare by respective GL Accountant 

• Check and release journal entries in ERP for leases prepare by GL Accountant.  This includes right-of-use assets, lease liabilities interest expenses and depreciation (and subsequent schedules) for all leases subject to IFRS 16. 

Audit  

• 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 General Ledger Accountants to ensure compliance and accuracy. 

• Develop team members by managing performance, setting goals, providing on-going 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 ACCA Part 3 or a similar field 
• Diploma in IFRs or F7 is highly preferred. 
• 5+ years of progressive accounting experience with a portion of it in a supervisory role 
• Fluent in English 
• Strong with numbers and time management.