Consolidation Manager
Full time
at The Edge Partnership
in
Singapore
Posted on April 12, 2024
Job details
Financial Consolidation:
- Overseeing the consolidation of financial statements from various entities within the group.
- Ensuring compliance with accounting standards and regulations (e.g., IFRS, GAAP) during the consolidation process.
- Managing and reconciling intercompany transactions to eliminate any discrepancies.
- Collaborating with finance teams across subsidiaries to resolve intercompany issues and ensuring accurate elimination entries.
- Preparing and presenting consolidated financial reports for internal and external stakeholders.
- Providing insights into the financial performance of the entire group.
- Ensuring compliance with relevant accounting standards and regulations.
- Collaborating with internal and external auditors during the audit process.
- Participating in the budgeting and forecasting process for the group.
- Analyzing financial data to support strategic planning and decision-making.
- Identifying opportunities to enhance the efficiency and effectiveness of the consolidation process.
- Implementing best practices and process improvements to streamline financial reporting.
- A bachelor's degree in Accounting, Finance, Business Administration, or a related field is typically required.
- Many employers prefer candidates with advanced degrees such as a Master's in Business Administration (MBA) or a Master's in Accounting.
- Professional certifications such as Certified Public Accountant (CPA), Chartered Accountant (CA), or equivalent, depending on the country or region.
- Familiarity with International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP) is often necessary.
- Several years of experience in financial reporting, consolidation, and accounting.
- Experience in a managerial or supervisory role, preferably in a group consolidation capacity.
- Experience working with multinational corporations.
- Proficiency in financial consolidation software and Enterprise Resource Planning (ERP) systems.
- Advanced knowledge of Microsoft Excel and other relevant financial software.
- Familiarity with financial modeling and analysis.
- Strong analytical skills to interpret complex financial data and identify trends.
- Ability to solve problems related to intercompany transactions, currency conversions, and other consolidation challenges.
- Excellent written and verbal communication skills for preparing and presenting financial reports to stakeholders.
- Ability to communicate effectively with finance teams across various subsidiaries.
- Leadership qualities to manage a team and coordinate with different departments.
- Ability to provide guidance and direction in a complex and dynamic environment.
- Knowledge of and ability to ensure compliance with relevant accounting standards, laws, and regulations.
- Meticulous attention to detail to ensure accuracy in financial reporting and consolidation.
- Ability to adapt to changes in accounting standards and industry practices.
- Willingness to engage in continuous learning to stay updated on relevant financial and accounting trends.
Apply safely
To stay safe in your job search, information on common scams and to get free expert advice, we recommend that you visit SAFERjobs, a non-profit, joint industry and law enforcement organization working to combat job scams.