Finance Associate

Roles and responsibilities

We are looking for a passionate Finance Associate with experience in balance sheet clean-up and financial reconciliation. The ideal candidate should have experience in migration from Oracle EBS to Oracle Fusion and bring expertise in ensuring the accuracy and compliance of financial records and will have a strong eye for detail to identify discrepancies, implement corrective actions, and optimize financial reporting.

Key responsibilities:

• Review historical balances, reconcile discrepancies, and adjust entries to ensure compliance and clarity.
• Perform monthly, quarterly, and annual reconciliations of balance sheet accounts to identify variances and improve reporting accuracy.
• Prepare and review financial statements, including income statements, balance sheets, and cash flow statements.
• Enhance accuracy and efficiency in accounting processes, particularly for the balance sheet and general ledger.
• Prepare for audits by ensuring balance sheet accounts are reconciled, cleaned, and audit-ready.
• Work with AP, AR, and finance operations teams to gather information for accurate reconciliations.

Knowledge, skills & experience:

• Bachelor’s degree in Accounting, Finance, or a related field.
• ACCA/CA/CPA is a must.
• Minimum of 5 years in accounting, with specific experience in balance sheet clean-up.
• Experience in migration from Oracel EBS to Oracle Fusion is an advantage.
• Advance in Excel.
• Strong understanding of GAAP/IFRS standards.
• Analytical Ability: Excellent analytical skills with attention to detail.
• Communication Skills: Strong verbal and written communication for clear reporting and cross-departmental collaboration.

Desired candidate profile

. Financial Reporting

• Assisting in the preparation of financial statements (balance sheets, income statements, cash flow statements).
• Ensuring the accuracy and completeness of financial reports.
• Knowledge of accounting principles (GAAP or IFRS) to ensure compliance and consistency in reporting.

2. Accounting Knowledge

• Strong understanding of accounting concepts such as double-entry bookkeeping, journal entries, and reconciliations.
• Ability to assist with month-end and year-end closing processes.
• Experience with accounting software (e.g., QuickBooks, SAP, Oracle, or Microsoft Dynamics) for recording and processing transactions.

3. Budgeting and Forecasting

• Assisting in the preparation and management of budgets.
• Collaborating with teams to monitor and track budget performance.
• Helping with financial forecasting to predict future revenue, expenses, and cash flow.

4. Data Analysis and Interpretation

• Analyzing financial data to identify trends, variances, and opportunities for cost savings.
• Supporting financial modeling for projects or investments.
• Using tools like Excel to create financial reports, dashboards, and models (e.g., pivot tables, formulas, and charts).

5. Reconciliation

• Performing bank reconciliations and matching transactions between the general ledger and bank statements.
• Ensuring that all accounts are accurately reconciled and that discrepancies are addressed in a timely manner.
• Assisting in reconciling intercompany transactions and accounts.

6. Attention to Detail

• Ensuring all financial transactions are recorded accurately and in compliance with organizational policies.
• Verifying invoices, receipts, and other financial documents for accuracy.
• Maintaining precise records of financial transactions and supporting documentation.

7. Accounts Payable and Receivable

• Assisting with accounts payable tasks such as processing invoices, verifying payments, and managing vendor relationships.
• Supporting accounts receivable by assisting with invoicing, tracking payments, and managing aging reports.
• Ensuring timely payment to vendors and collection from clients.

8. Cash Flow Management

• Assisting with monitoring cash flow to ensure the business has sufficient liquidity.
• Tracking cash inflows and outflows, ensuring timely processing of payments and receipts.
• Preparing cash flow forecasts and reports to assist in financial planning.