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FP & A Accountant- Cost Modeling

Myanmar Strategic Holdings
Recruiter active 1 day ago The recruiter at this company was last active reviewing applications.
Myanmar - Yangon
Full Time
Verified This job has been verified by the company as a real job vacancy.
31 Aug 2021

Experience level

Experienced Non-Manager

Job Function

Finance, Accounting

Min Education Level

Bachelor Degree

Job Description

Role Description

 

The Financial Planning Accountant is responsible for performing budgeting, forecasting and analysis that supports major corporate decisions of the divisional manager of a portfolio business. This role is focused on examining, analyzing and evaluating financial activities and mapping the company’s financial future.

 

While this role is part of the finance department, the seat is at the portfolio business with a reporting line to most senior finance role at the portfolio business (typically a Manager or Financial Controller).

 

Duties and Responsibilities

 

Cost Modeling

  • Prepare and review quotations for prospective and existing clients
  • Identify service needs and requirements then work with other departments to determine the related costs
  • Model costs for various scenarios in Microsoft Excel and analyze the impacts of each
  • Analyze the modelling process and work to eliminate inefficiencies and reduce cost to maximize profit and provide competitive quotations
  • Develop, maintain, update and use a template to ensure consistency across quotations
  • Identify areas for operational or procurement improvement
  • Present to relevant parties and discuss issues related to quotations

 

Forecasting, Budgeting & Planning

  • Execute the budget development process based on a zero-based budget approach
  • Prepare monthly forecasts based on changes to the business, the market and the operating environment
  • Prepare rolling forecasts quarterly or more frequently if needed to help management make better decisions in order to reach their goals
  • Assist with developing business case proposals and plans for expansion projects and new opportunities

 

Management Reporting

  • Assist the FP&A manager to prepare a monthly reporting package to be presented during the management meeting.
  • Track performance through charts, graphs and tables monthly or more frequently if the portfolio business requires
  • Analyze the portfolio business’s revenue mix and profitability by department, customer, industry or through a grouping that provides insights to the business.  Monitor trends over time and proactively investigate any areas that stand out
  • Track performance management by reviewing KPIs
  • Track the variance of actual operations against the budgets and forecasts. Investigate large or unusual variances in order to improve future forecasting and to safeguard the business

 

Decision Support

  • Analyze historical financials by reviewing key financial ratios and tracking trends over time and against industry averages
  • Track trends over time, identify outliers and work to improve the portfolio business’s operating efficiency
  • Monitor financial expenditures throughout any projects

 

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

 

Open To

Male/Female

Job Requirements

  • Bachelor's degree in accounting or finance
  • Accounting certifications (CPA, ACCA or CIMA) highly preferred
  • 3+ years of progressive accounting experience
  • 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
  • Advanced skills in Microsoft Excel and Word
  • Familiarity with Enterprise Resource Planning (“ERP”) software systems

 

What We Can Offer

Benefits

- A competitive salary

Highlights

- Fun, fast-paced work environment
- Diverse and dynamic team

Career Opportunities

- Training and ongoing in-service support
- Career progression

About Our Company

With headquarters in both Singapore and Yangon, Myanmar Strategic Holdings (“MSH”) is an operator and developer of a fast-growing portfolio of businesses aimed at creating opportunities for investors to gain exposure to one of the world’s final frontier markets: Myanmar.

As a foreign-owned operator and investor in Myanmar, one of the fastest growing economies in the world, MSH employs over 1,500 people operating across three principal sectors that it has focused on thus far: education, hospitality, and business services.

In 2016, MSH first invested in the education sector by securing exclusive rights to operate the Wall Street English language brand in Myanmar. To date, MSH has opened and operates four Wall Street English centers in the cities of Yangon and Mandalay, as well as seven additional Wall Street English centres that it took over in Vietnam.

In 2017, MSH signed a joint venture agreement with Auston Institute of Management, a leading private engineering institution in Singapore, to bring the brand to Myanmar. Auston College in Myanmar was soon launched, with foundation and diploma programs offered at a new state-of-the-art campus. Since then, the school has grown; in 2020, it partnered with UK’s Liverpool John Moores University to add internationally recognised degrees to its offerings.

In 2018, MSH identified an opportunity to open a top-tier international K-12 school in Yangon at a moderate price. After over a year of careful planning and fitting out of a world class new four-story campus, Yangon American International School welcomed its first students in August 2019. The school continues to grow and will be the first to offer the International Baccalaureate Primary Years Program when it is certified in 2021.

In 2018, MSH entered into the security risk management market by acquiring Exera, a leading security company in Myanmar, with over 1,200 professionals serving 50 companies. Exera provides risk management, consultancy, integrated security, security logistics, facilities management, and cash solution services.

As of 2020, the hospitality division operates nearly 500 beds across four locations under the boutique brand ‘Ostello Bello’. The group is continually sourcing for more locations to add to its portfolio.

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Experience level

Experienced Non-Manager

Job Function

Finance, Accounting

Min Education Level

Bachelor Degree

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