Accountant - Cost

About This Role

This role involves analyzing, processing, and maintaining the company's non-engineering/DSC financial transactions and records, ensuring compliance with approved accounting standards and procedures. The Accountant assists in preparing budgets, financial reports, and financial analysis, and coordinates with external parties like banks, auditors, and suppliers.

Responsibilities

• Maintain accounting controls and financial security throughout all transactions by auditing documents, adhering to approved policies and procedures, and alerting the manager to any abnormalities or discrepancies
• Prepare and monitor non-engineering/DSC financial entries to Sage X3, ensuring accuracy and conformity with technical cost elements and recognized financial dimensions
• Identify errors for remedial measures and communicate accordingly
• Document financial transactions and maintain accounts information with timely entries and updates
• Handle all related queries timely and accurately and review against Sage X3 for invoice matching
• Post invoices for approval in line with adopted procedures and interact with users from other departments to resolve queries and obtain approvals
• Monitor and ensure review and control over accruals and reversals in Sage X3
• Locate overdue accounts in Sage X3 and highlight them to the Manager
• Assist the manager in carrying out fixed asset entries and other postings
• Execute bank transfers and cheque payments for suppliers
• Process bank charges post executing transfers and record them in bank statements timely and efficiently
• Post amounts paid to vendor accounts in Sage X3, ensuring all documents are processed and managed properly for easy accessibility and retrieval
• Reconcile company's financial records and discrepancies, including "Managers Cheques" and inter-departmental transactions, by collecting and analyzing accounts information for related accounts such as suppliers, banks, inter-company, and Hubs on a monthly basis
• Prepare periodic special financial reports such as MIS Reports and carry out Ageing Analysis against Sage X3 by collecting, analyzing, and summarizing account information and trends
• Secure an up-to-date backup of all financial information
• Review all cost accounts before monthly and annual closing by compiling all related information
• Coordinate with external auditors on schedules to facilitate their audits and ensure smooth inspection as per instructed by seniors
• Maintain customer confidence and protect operations by keeping financial information confidential

Requirements

• Bachelor's degree in Accounting / Finance / Commerce or equivalent from a recognized university
• Professional qualification as an Accountant is preferred
• Proficient in Microsoft Office - Advanced Excel, Access, Word, PowerPoint skills, Internet and Web Search
• Fluent in English Language
• 3+ years of comprehensive experience in corporate finance/accounting in a company operating on a regional/multinational level, preferably in the Airlines Industry
• Minimum of 2 years handling cost areas
• Experience with a low-cost airline is an advantage
• Sound knowledge of accounting cycle, process flow, and procedures
• Comprehensive knowledge in accounting fundamentals and systems such as SFAS (Statements of Financial Accounting Concepts)
• Strong math and numerical reasoning ability and high accuracy
• Familiar with formalities and prerequisites associated with internal and external audits
• Experienced in a computerized accounting environment
• Very good exposure to financial models and new technologies in the industry
• Excellent financial, analytical, and reporting skills
• Capable of meeting deadlines without compromising quality of outcome
• High attention to details, confidentiality, and ability to adhere to procedures and set measures