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General Ledger Accountant

Asia Strategic Holdings
Kamaryut | Yangon
Verified This job has been verified by the company as a real job vacancy.
06 Jan 2021
Recruiter active 3 days ago The recruiter at this company was last active reviewing applications.
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General Ledger Accountant

Asia Strategic Holdings
Recruiter active 3 days ago The recruiter at this company was last active reviewing applications.
Myanmar - Yangon
Verified This job has been verified by the company as a real job vacancy.

Experience level

Experienced Non-Manager

Job Function

Finance, Accounting, Audit

Job Industry

Consulting/Professional Services

Min Education Level

Bachelor Degree

Job Type

Full Time

Job Description

A Good Opportunity for ..

Closing & Review 

  • Close the books of select 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 

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. 

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 

  • 5+ 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

* Reward Over Performance

Highlights

* Fun Working Enviroment
* International Standard
* New and Modernize Office

Career Opportunities

* Learning and Development Program
* Career Path and Succession Plan