Description:
Associated Motorways (Pvt) LTD
No two days are the same at AMW, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognizes and rewards quality performance, and what do you get, The chance to push the limits every single day.
As a humble family business that started 70 years ago, popularly known as AMW now a fully-owned subsidiary of Al Futtaim Group (AFG) of United Arab Emirates, is one of the pioneers in the Automotive industry in Sri Lanka.
JOB DETAILS
Job Title: Senior Accountant - Business Decision Support - Residential
Reports to: Finance Manager – Business Decision Support - Residential
Department:AFGRE - Finance
JOB PURPOSE
To manage and control various financial and accounting systems and procedures of the company in accordance with the internationally accepted standard, and monitor its internal control to ensure financial stability and maintain complete transparency and accuracy in the system.
Description
KEY ACCOUNTABILITIES:
Customers
To provide support to internal customers: Residential business team in relation to financial reporting, budgeting and forecasting through effective communication in order to meet the business needs and contribute to improving current processes
Key Responsibilities
- Responsible for complete accounting cycle for assigned Residential portfolio companies. (Revenue, Expense, Closing & Reporting).
- Ensure posting run is complete for all rental contracts/ Sales contracts in a timely manner and cumulative monthly provision is revised as required. Preparation of various reconciliations such as monthly rent rolls, inventory reconciliations, bank reconciliations etc.
- Evaluation of various expense requests in terms of justification for the expenses, budget availability etc., verification of LPO’s, coding and posting of approved expenses as per budget in respective GL Accounts, cost centres and ensure approval as per DOA for Opex & Capex.
- Ensure approved payments are released as per agreed payment terms and all supporting documents are in compliance with Company’s Policies & Procedures and approved as per DOA, including timely settlement of Intercompany creditors and debtors
- Ensure GRN’s are assigned to LPO’s on a monthly basis against completed works & services and cumulative monthly provision is revised as required.
- Liaise with Financial Planning & Analysis team and provide the cash flow inputs for weekly and monthly forecasts.
- Assist Finance Manager in preparing and coordinating with the respective business to complete the budget and forecast exercise on quarterly and annual basis.
- Prepare monthly and ad-hoc management reports and provide detailed commentary for monthly business reviews and preparation of dashboard reporting.
- Ensure Balance sheet reconciliation is conducted on a quarterly basis and items required further analysis to be highlighted and device plans to reconcile
- Ensure accuracy of data/compliance to DOA/budget on various lease documents processed through Finance department and coordinate with Leasing team.
- OA related payments to be reviewed before disbursing payments to vendors / suppliers, ensuring there are approvals from selected OA board members.
- Providing support to OA for preparing schedules (Utilities, Revenue, Expenses etc.) and co-ordinating with external auditor to complete the OA audit.
- Preparing monthly accruals (expense & revenue) reports, ICM acceptance, COS & transfer entries ensuring all these actives are accounted before the month end.
Qualifications, Experience, & Skills
Minimum Qualifications and Knowledge:
- Post-graduate degree in commerce / accounting / finance with knowledge of Financial Management and Accounting Systems is necessary.
- Advanced knowledge of ERP Financial Software is necessary; SAP expertise will be preferred.
Minimum Experience
- 5-7 years of relevant experience working in diverse teams; real estate construction / projects environment experience will be preferred.
Job-Specific Skills
- Well-versed in IAS / IFRS.