Description
Job Summary
The Finance Executive/Accounts Officer will compile and manage all aspects of intercompany transactions, manage detailed reconciliations and ensure strict adherence to relevant standards. This role also involves providing crucial support for the month-end and year-end financial reporting processes. The ideal candidate will bring proven experience in managing intercompany accounting with large volumes of data, financial reporting, and a demonstrated ability to thrive under pressure within a multinational corporate environment.
Key Responsibilities
- Oversee Intercompany Transactions:
- Retrieve and compile all necessary intercompany transaction details from the business CRM.
- Sanitize details to ensure data integrity and consistency.
- Calculate transaction costs, pricing, and ensure accurate posting of intercompany invoices in the accounting system.
- Manage the full cycle of intercompany transactions, encompassing invoicing, reconciliations, and settlements.
- Ensure accurate and timely recording of all intercompany financial transactions, adhering to relevant accounting standards and internal controls.
- Reconciliation and Compliance:
- Maintain monthly thorough reconciliations of intercompany accounts, proactively identifying and resolving any discrepancies in intercompany balances before closing the books each month at Group level.
- Investigate and resolve intercompany transaction discrepancies.
- Collaborate with Global Finance Teams:
- Work in close partnership with regional and global finance teams to ensure adherence to both group accounting policies and local tax regulations, as well as to optimize intercompany transactions and minimize tax liabilities.
- Provide feedback upstream on any data discrepancies and inconsistencies that may require corrective actions and/or any constructive feedback to improve the overall process.
- Support Financial Closing and Reporting:
- Actively assist in month-end and year-end financial closing activities, including the preparation and posting of journal entries, invoices and payment records.
- Provide monthly support in calculating the management perspective of cross-BU / cross-BA / cross-function time and cost allocations.
- Contribute to the preparation of accurate and timely financial reports for intercompany transactions.
- Maintain Intercompany Documentation:
- Maintain meticulous documentation of intercompany agreements and financial records, and ensure new transactions are supported by relevant documentations.
- Assist in the update of transfer pricing policies and strategies that align with the company’s business strategies and transactions.
- Assist in the preparation of transfer pricing documentation that justifies the pricing methods used and demonstrates compliance with the arm's length principle, which states that transactions between related parties should be priced as if they were conducted between unrelated parties.
- Support Audits and Compliance:
- Provide necessary support during internal and external audits, as well as support during the preparation of Country-by-Country Reports (CBCR), Master and Local Transfer Pricing Files on an annual basis.
- Drive Process Improvement:
- Collaborate with internal stakeholders to identify opportunities for optimizing and/or streamlining intercompany processes and Global Transfer Pricing model to enhance operational efficiency.
- Provide continuous insights and suggest corrective actions to the Finance leadership team on process and/or data inefficiencies, inconsistencies.
- Communication and Stakeholder Management:
- Foster strong relationships with internal and external stakeholders, including within the Finance team and external auditors.
- Communicate effectively with stakeholders to ensure clarity and alignment on intercompany matters.
- Perform other duties and other ad-hoc projects as required
Requirements
Key Competencies
- Attention to Detail: High level of accuracy and strong attention to detail in handling large volumes of financial data.
- Analytical Skills: Strong analytical and problem-solving skills to resolve discrepancies and improve processes.
- Time Management: Ability to manage multiple tasks and meet tight deadlines, especially during month-end and year-end closings.
- Communication: Excellent verbal and written communication skills and able to articulate issues and suggestions clearly to relevant stakeholders.
- Team Player: Collaborative mindset with the ability to work effectively in a team environment across multiple timezones.
- Adaptability: Ability to thrive under pressure and adapt to regular changing priorities in a dynamic environment.
You must be an exceptional team player and enjoy working in a fast-paced and ever-changing environment. If you are passionate, driven and looking for a new and exciting opportunity within a successful and growing company, this may be the right role for you.
About Accedo
Accedo is a global video solutions provider, pioneering some of the world’s most impactful multi-screen experiences. We enable video businesses of all shapes and sizes to continuously grow, evolve, and innovate their offerings across regions, platforms, and devices. We leverage our long standing experience and solid focus on innovation to create premium video experiences for best-in-class organizations including NBC Universal, Deutsche Telekom, Telefónica, Showtime, CNN, Tata Sky, and TVNZ.
Accedo was founded in 2004 and today has over 400 employees in 16 offices across the world.
At Accedo, we are committed to fostering an environment of inclusiveness where employees are both valued and heard. Inclusion also means having diverse representation in gender, race, sex, thought, and other personal characteristics to contribute towards the betterment of our commerce and people. We strongly encourage applications from diverse communities to contribute towards our commitment of inclusivity.
