Senior Accountant, Functional Controller - DFS5218476 in Singapore at DFS

Date Posted: 11/27/2021

Job Snapshot

Job Description

The functional controller team is responsible for the accounting, analysis and reporting of the financials of specific functions within the group. The Merchandise Finance role is responsible for the analysis of the Gross Margin and Gross Profit results across different business models within the group, reviewing inventory costs and making appropriate adjustments to update the costs, and making appropriate provisions to ensure that the realizable value of inventory is current.

Key Responsibilities:

• Lead a team of Finance Assistants and/or Finance Officers and ensure continual talent development.
• Timely and effective handling of month-end close processes of designated business functions, while ensuring that various timelines throughout the year are met.
• Preparation and review of monthly management and financial reports.
• Timely and accurate preparation/review of internal and external schedules/reports.
• Prepare/review cash flow forecasts
• Provide guidance to the team on the preparation and review of balance sheet reconciliations, between subledgers and general ledgers, or for other general ledger balances such as provisions, inventory and accruals etc to ensure completeness, accuracy, and prompt follow-up on action items.
• Provide support and respond to queries from business functions on a timely basis. Co-ordinate and work with other departments/functions to accomplish objectives.
• Identify areas with exposure to risk/potential risk in the designated business divisions and suggest solutions to mitigate the risks.
• Ensure compliance with DFS accounting policies and internal control procedures.
• Liaise with internal and external auditors as well as other outside parties as required.
• Ensure that working papers, schedules, correspondences and other documentation meet quality assurance tests and are in line with DFS best practices.
• Work closely with other departments to implement/set up accounting changes, new businesses, etc. Keep abreast of on-going accounting and reporting changes in IFRS and local reporting standards.
• Lead/ participate in ad hoc projects as assigned.

Key Requirements:

• Bachelor's degree in Accounting
• 4 – 6 years of experience, preferably with some commercial experience.
• 1 to 2 years of managerial experience
• General ledger and consolidation experience preferred.