Finance Executive (Management Expense)

You will report to the manager of Management Expense team and your key responsibilities include:

Support Vendor invoices processing

To perform validation check and ensure all invoices are adhered to policies with correct expense charging.

To support in preparation of telegraphic transfer payment, perform manual payment clearing offset at month end.

Support in overall accrual of expenses

Recurring - follow up with business users on expense accrual information and prepare accrual journal entries

Prepare monthly recurring accrual entries.

Follow up on monthly accrual information, ensure expenses are taken up in accordance with accrual guidelines and criteria.

Ensure all accrual entries are prepared and meet month-end closing timeline.

Reconciliation - Accrued commission and other expenses

Perform reconciliation of accrued commission, to ensure accuracy of provision records.

Ensure completeness and accuracy of accrual reconciliation.

To follow up with users on unutilized accrual balances.

Year-end accrual – Ensure all provisions are made in accordance as per accrual basis established

Walk through with line of business and assured expenses are accrued prudently and in time for year-end closing.

Create and update detailed accrual checklist, follow up with business users to make sure all provision of expenses is met with accrual criteria and guidelines.

Ensure completeness and meet year-end closing timeline.

Monitoring of monthly amortization of expenses

Recurring – follow up with business users on upfront payment information and prepare journal entries for amortization, to ensure adhered with policies and agreement

To ensure recurring prepayment entries are prepared as per established agreement.

To monitor the upfront payment transaction schedule closely and follow up and liaise with business users on claw back matter if there is any.

To ensure completeness and accuracy of reconciliation records.

Others

To cover AP operation duties, rotate of job duties.

To support system enhancement project, support user requirement testing.

To update SOP and assist in workflow process improvement.

Any other task assigned by manager.

Requirements

Diploma in Accountancy

2-3 years of relevant experience in financial institution

Able to work independently with minimum supervision

Experience in processing high volume of invoices

Proficiency in MS excel, word and Power point

Able to generate reports using Excel Pivot Tables

Self-motivated and meticulous with a keen eye for detail