Responsible for driving and overseeing the end-to-end accounting process within the Finance department, ensuring the accuracy and timely delivery of financial accounting. This involves managing the end-to-end process, including general ledger and month-end closing both at individual and consolidated level, and ensuring the trial balance is promptly and accurately provided to the reporting team. The individual in this role is tasked with ensuring all balance sheet accounts align with International Financial Reporting Standards (IFRS). Additionally, is responsible for the maintenance, review, and enhancement of the finance operating model and processes, intercompany transactions, revenue/margin accounting, both locally and at the offshore Shared Services Centre The role is also responsible for accurate accounting and timely month closing / reporting of non-telecom subsidiaries including reporting to regulators and audit therein.
- Manage and lead the preparation and consolidation of financial statements in compliance with relevant accounting standards. Ensure the prompt and precise reporting to both internal and external stakeholders as well as reporting to regulators.
- Drive general ledger activities, including journal entries, reconciliations, and close processes while ensuring adherence to International financial reporting standards, accounting policies and procedures.
- Lead accurate accounting of complex accounting matters related to contract assets, determining, accounting and reporting net present value, loyalty accounting, deferred revenues / costs, project accounting and across other areas ensuring accurate reflection in the general ledger in line with the requirements and detailed guidance of International Financial Reporting Standards.
- Advise the broader Finance Operations team on these complex accounting matters and drive the formulation and implementation of relevant processes and controls.
- Responsible for accurate accounting and reporting of non-telecom subsidiaries ensuring all the events and transactions are accurately recorded in the general ledger and accurately presented at consolidated level.
- Review and approve local balance sheet reconciliations (and review those prepared by the Shared Service Centre) for the critical balance sheet accounts including but not limited to deferred revenue, interconnect, tax, receivables, Other Direct Costs accruals and OPEX accruals.
- Oversee compliance of balance sheet reconciliation policy across balance sheet, ensuring supporting documentation is maintained / documented and reconciling items are cleared in a timely manner.
- Establish and monitor internal controls to safeguard company assets, ensuring regulatory compliance, and conduct periodic reviews to evaluate the effectiveness of these controls.
- Ensure compliance with IFRS and Tax laws and perform any additional project, task or activities assigned/delegated by the Line Manager.
- Collaborate with both internal and external auditors, facilitating the audit process, addressing queries, and ensuring the prompt resolution of issues.
- Efficiently streamline and optimize the Finance operations process, work towards complete digitization of the process, implementing best practices and continuous improvement initiatives to achieve process excellence.
- Conduct financial and variance analyses to support decision-making, offering insights into both financial performance and trends.
- Lead and manage a team of accounting professionals, offering guidance and mentorship, while cultivating a collaborative and high-performance team culture.
- Perform any additional project, task or activities assigned/delegated by the Line Manager.
- Bachelor’s degree in accounting/commerce
- Chartered Accountant certifications is mandatory
- 10+ years of relevant and proven experience in financial accounting, reporting and management reporting, preferably in telecommunications industry.
- In-depth understanding of Telecom business, accounting principles, financial reporting, and regulatory requirements with an ability to articulate complex matters to Senior Management in a simple manner
- Ensuring accurate and precise implementation of guidelines / requirements prescribed by International Financial Reporting Standards.
- Accuracy and timeliness of financial reports, minimizing errors and discrepancies.
- Improve and optimize accounting processes, reducing cycle times and enhancing overall efficiency
- 100% Compliance to ICFR
- Evaluate and improve the productivity and performance of the team.
- Facilitate internal and external audits. Address the findings and implementing recommendations.
