General Ledger Manager

A. PROFILE

Role Title: General Ledger Manager

Reporting to: GL & Asset Management Senior Manager

Division: Finance Operation

Department / Section: Finance

B. CONTEXT

Purpose: The General Ledger Manager is responsible overseeing a team to ensure the accurate and timely management of the monthly and annual close process, production of regular managerial and senior level financial reporting, and compliance with key internal controls.

Context: The Finance Department sets the strategic direction and runs day to day operations of all finance, Logistic and supply chain activities. Finance Department also ensures the company growth plans are managed from a financial perspective and profit targets are achieved within an acceptable level of risk.

This role is part of the Financial Control division, which handles financial reporting, Financial Planning and Budgeting, Assets Management, Revenue Accounting, GL & Accounts Payable, Financial systems control, Taxation, Logistics and Inventory management.

C. ROLE ACCOUNTABILITIES

Transactional Accounting and Closing

• Manage and oversee the daily accounting functions to ensure relevant accounting activities are handled in compliance with the regulatory requirements and accounting policies and maintain the highest internal financial reporting standard.
• Coordinate and execute all financial-related activities in the U9's businesses to ensure the proper financial management and minimize the financial risks.
• Monitor and supervise the month-end closing to ensure all management accounts are tendered on time and with accuracy;
• Supervise account reconciliations and month-end closing, interfacing across various GL accounts and sub-systems
• Manage all key accounting functions including accrued expenses, finance lease accounting, cost allocations between intercompany (Mobile Financial) etc. along with the periodic close process
• Monitor appropriate intercompany balances through performing the monthly reconciliation between the U9's entities and analyze the nature of the related balances.
• Reviewing vendor contracts and invoices to ensure proper expense recognition and classification
• Reviewing monthly operating cost and general ledger account balances
• Review and analyze the forex exchange and its impact on PL monthly.
• Continually identify risks to delivery, propose solutions where necessary and effectively manage stakeholder expectations throughout
  
  
  

Financial Reporting, Audit and Compliance

• Prepare consolidated and standalone audited financial statements of each company
• Prepare month-end reporting, quarterly and annual audit documentation in line with appropriate accounting and/or regulatory requirements
• Produce supplemental managerial reporting and financial data requests for external and internal audit purpose
• Manage end-to-end external audit process in quarterly and yearly basis in both IFRS audit and statutory audit for consolidated and standalone level
• Liaise with auditor for audit findings and solve the issue before presenting it to audit and risk committee
• Ensure timely provision of the necessary audit supporting documents to meet with U9 reporting timeline and closure of quarterly and yearly audit as well as internal audit
• Prepare, review and provide flux analysis and key metrics to auditors and management in a timely manner
• Quarterly prepare and issue the necessary reports and financial survey to DICA
• Participate in other assignments and ad hoc projects as required by management
  
  
  

Internal Controls

• Review and implement efficient and effective internal control system, make recommendations on existing work procedures to improve efficiency.
• Liaise with financial system and control team to ensure financial system meets the corporate accounting requirement;
• Simplify, improve and harmonize existing and complex processes and systems for account reconciliations and month-end closing
• Devise new work methods and systems according to professional standards and international financial reporting standards
• Develop new and enhance existing accounting policies and procedures to work with other cross-functional teams to successfully align on effective accounting operating standards and practices
• Work with the Technical Accounting team to develop and document process flows and procedures to implement new and/or relevant accounting standards
  
  
  

Supervision and Training

• Monitor, review and approve work performed by team members to ensure accuracy, identify and resolve issues
• Ensure that all staff are utilizing up-to-date practices and appropriate tools and systems
• Oversee performance management, coaching and professional development of the team
  
  
  

D. KEY PERFORMANCE INDICATORS

• Timely & Accurate GL closing and submission of monthly reports to management.
• Controlling expenditure in accordance with approved financial regulations.
• Managing external audit and compliance with IFRS
• Timely and accurate GL Closing
• Clearance of audit points
  
  
  

E. WORKING RELATIONSHIPS & DECISION MAKING

Interacts with:

Internal: Employees from all departments relating to Financial Information

External: External auditors, regulators, Myanmar Investment Commission, suppliers, Industrial alliances with other Telcos

Decision Making

Decisions related to aligning with IFRS accounting standards

F. EXPERIENCE AND QUALIFICATIONS

Minimum Experience & Essential Knowledge

• 6 to 8 years' work experience with minimum of 3 years in accounting
• Thorough knowledge of accounting standards, principles and procedures, locally and internationally
• In-depth knowledge of IFRS
• Extensive experience with general ledger functions and the month-end/year end closing
• Experience supervising a team of junior accountants and working with external auditors
• Proven ability to meeting deadlines and working effectively under pressure
• Proficiency in modern accounting systems and software
• Experience working in a complex technology based organization a plus
  
  
  

Minimum Entry Qualifications

• Bachelor's degree in Finance or Accounting from a recognized university
• CPA, CA, ACCA or equivalent certification