Finance Operations Specialist

Responsibilities

Core accounting accountability:

General Ledger Master Data Maintenance

1. Manage the process of requesting GL Master Data Maintenance from Business Analysts to ensure timely updates and accuracy of the general ledger structure.
2. Oversee the maintenance of GL Account to Financial Statement Version alignment to ensure proper representation of accounts in financial reporting.

Transaction Posting

1. Manage the transaction posting process, including receiving data and supporting documents from Business Units, calculating relevant financial amounts, and ensuring accurate parking and posting of transactions to maintain the integrity of financial records.
2. Oversee the accrual and deferral document posting process, including data collection, accrual calculation, and timely posting/reversing of accruals to ensure proper recognition of revenues and expenses.
3. Manage the prepaid/deferred revenue amortization process, including maintenance of accrual objects and identification of amortization amounts, to ensure accurate revenue recognition over time.

Revaluation, Reclassification, Cost Accounting, and Reconciliation

1. account balance reclassification processes to maintain accurate financial records and ensure proper representation of the company's financial position.
2. Oversee the cost accounting process, including receiving cost allocation guidelines from Business Units and generating cost allocation reports, to support management decision-making and accurate cost distribution.
3. Ensure timely and accurate execution of bank reconciliations to maintain financial data integrity and identify any discrepancies between bank statements and internal records.

VAT Closing (P.P. 30)

1. Oversee the VAT closing process, including netting together input and output tax, to ensure accurate calculation of VAT liabilities or credits.
2. Manage the VAT filing process, including obtaining necessary approvals from Business Units in cases of VAT refunds, to ensure compliance with tax regulations and timely submission of required documentation.

Period-end Closing

1. Manage the pre-closing verification process, including checking unposted parked documents, reviewing GL checklists, and verifying the consistency of each company to ensure data accuracy before closing.
2. Oversee the closing period process and trial balance generation to establish a solid foundation for financial reporting.
3. Manage the preparation and review of single-entity financial statements, including notes, ensuring completeness, correctness, and generation of reports on both accounting and tax bases.