Assistant Accounting Manager
4 months ago
Manage and oversee accounting processes for goods purchasing, selling and inventory transactions.
Ensure accurate recording, classification, and accounts reconciliation.
Develop and implement revenue recognition process to different sales channels.
Ensure compliance with accounting standards and industry-specific regulations.
Prepare and review month-end closing related to sales, revenue, expenses by sales channel.
Oversee AR, AP and Inventory reconciliation.
Ensure compliance with all relevant tax regulations, including VAT, WHT, and other applicable taxes for retail.
Collaborate with tax advisors to optimize tax strategies within the retail and various sale channels.
Monitor and control inventory levels and COGS for products sold.
Implement best practices for inventory valuation and management.
Collaborate with IT teams to ensure and accurate data interface from Merchandising system.
Establish and maintain strong relationships with merchandising, warehouse, and retail partners.
Collaborate with management and cross-functional teams on complex accounting issues.
Lead and mentor the accounting team members responsible for retail accounting.
Set performance targets and conduct regular performance reviews.
Ad-hoc reporting and projects.
**Qualifications**:
Bachelor's degree in accounting.
Minimum of 10 years of experience in accounting, with a strong background in retail business.
Overall functions of accounting such as AR, AP, Inventory, GL and Tax related.
Knowledge of accounting principles, revenue recognition, and inventory management.
Strong analytical, problem-solving, and data analysis skills.
Effective communication and interpersonal abilities.
Detail-oriented with a commitment to accuracy and compliance.
Familiarity with retail and consignment industry-specific regulations and standards is a plus.
Experience in dealing with retail partners is essential.
Proficiency in using the SAP system.
**Faculties preferred**: Commerce and Accountancy
**Job skills required**: Accounting, English, SAP, Data Analysis
**Job skills preferred**: Inventory / Warehouse Management, Analytical Thinking, Compliance
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