Senior Technical Accounting Specialist (Lease Accounting)
MCC Label
Date: 3 hours ago
City: Petaling Jaya
Contract type: Full time
Description
Build your Career with an Industry Leader at our Shared Services Centre in Malaysia.
As a global leader in premium label solutions, our purpose is to deliver the world's best label solutions that help our customers build their brands, while adding value to our employees, our shareholders, and the communities in which we operate.
If you share our vision and believe that you could contribute to the success of our company, we look forward to hearing from you!
Job Highlights
Lease Accounting
Build your Career with an Industry Leader at our Shared Services Centre in Malaysia.
As a global leader in premium label solutions, our purpose is to deliver the world's best label solutions that help our customers build their brands, while adding value to our employees, our shareholders, and the communities in which we operate.
If you share our vision and believe that you could contribute to the success of our company, we look forward to hearing from you!
Job Highlights
- Hybrid Working Arrangement
- Conducive Working Environment
- Learning & Development
Lease Accounting
- Ensure full compliance with US GAAP and in-country statutory requirements (e.g., IFRS 16) for lease accounting maintenance and processing.
- Develop familiarity with Company accounting policies, relevant GAAP, and applicable accounting standards.
- Assist in migrating lease accounting tasks from local business units to the shared service center as needed.
- Review lease contracts and rental expenses to maintain accurate records, prepare accounting write-ups, and update the lease register/system.
- Ensure all supporting documentation for lease accounting is complete, properly maintained, and accurately filed.
- Record lease accounting entries in the accounting system promptly, in line with service level agreements.
- Collaborate with the Local Controller to ensure timely closure of leases accounts and support the financial close process.
- Prepare month-end journals in accordance with Company accounting policies, ensuring compliance with local and US accounting standards.
- Update the monthly Oracle FCCS roll-forward data form accurately and on time to support corporate monthly analysis.
- Maintain database of Company entities subject to statutory audit and taxation, including relevant information.
- Coordinate and support auditors for designated Company entities during the statutory audit process.
- Understand, track, and report statutory audit requirements, progress and findings for Company entities globally.
- Lead process or control improvements to reduce occurrence of audit adjustments. Continuously assess and revisit issues raised by auditors to ensure appropriate resolution.
- Reviews reconciliation of financial results from statutory books to management/US GAAP books.
- Ensure full adherence to document retention requirements by regulatory authorities in country of operations of business unit.
- Preparation of financial reporting and non-complex group consolidation.
- Keep up with latest developments in in US GAAP and IFRS and assess impact to Company.
- Involve in the end-to-end process of lease accounting of the Group
- Execute ad-hoc technical projects identified.
- Establish and execute shared service migration plans and quarterly enhancement projects.
- Collaborate with other functional team to establish best practice documentation for O2R, P2P, R2R processes and master data maintenance.
- Collaborate with functional teams to manage process enhancements and optimization.
- Lead development and implementation of positive changes in the shared service processes in the Company.
- Leverage on use of technology and implement cost-neutral process enhancements.
- Lead corporate accounting in compliance work including US governmental reporting and internal quarterly certs.
- Stay updated on accounting standards, regulations, and compliance requirements to ensure the Company's financial practices align with industry standards and legal obligations.
- Promote a strong service ethos to support delivery to agreed Service Level Agreements.
- Act as the focal point to ensure effective communication and resolution of operational related issues and decisions.
- Build long-term relationships with Company’s internal stakeholders and leadership team.
- Work closely with other operation functions to ensure seamless coordination of financial activities.
- Perform any other duties as assigned by the Team Manager and/or Team Lead.
- Degree in Accounting/Finance, Business Administration or equivalent with professional qualifications (ACCA/CPA/MIA).
- Fluent in both spoken and written English.
- Independent, strong interpersonal and communication skills.
- Strong analytical and problem-solving skills to identify the root cause of issues and implement corrective actions.
- Able to multi-task, pay attention to details, thrives in fast-paced environments.
- Candidate who has Shared Services Centre (SSC) experience is an added advantage.
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