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General Ledger Accountant

Myanmar Strategic Holdings
Recruiter active 12 hours 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.
17 Sep 2020

Experience level

Experienced Non-Manager

Job Function

Accounting, Finance

Min Education Level

Bachelor Degree

Job Description

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

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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