Assistant Manager-Group Consolidation

About the role

This role involves assisting in the preparation and completion of group and sub-group consolidation processes, including data input, preparation of complex consolidation journals, and intercompany elimination entries. You will monitor and resolve intercompany balances and reconciliation issues, prepare supporting schedules for Group Accounts, and assist in the preparation of Group Financial Statements for external audit purposes. The role includes preparing monthly consolidated management reports, coordinating annual consolidated budgets, obtaining and reviewing monthly financial information from subsidiary companies, liaising with external auditors, and supporting other group finance and consolidation-related projects.

Key responsibilities

• Assist in the preparation and completion of the Group and sub-group consolidation process, including data input, preparation of complex consolidation journals, and intercompany elimination entries
• Monitor and resolve intercompany balances and reconciliation issues, working closely with subsidiary accountants to ensure discrepancies and disputes are resolved promptly
• Prepare supporting schedules and proofing workings for foreign currency translation reserves and non-controlling interests (NCI)
• Assist in the preparation of the Group Financial Statements and supporting schedules for external audit purposes, including complex financial statement notes covering property, plant and equipment, investment properties, borrowings, provisions and other relevant areas
• Prepare monthly consolidated management reports and provide relevant financial analysis and insights to senior management
• Coordinate and prepare the annual consolidated budget for presentation to top management
• Obtain monthly financial information and accounts from subsidiary companies, review submissions, identify discrepancies and follow up with the respective subsidiary accountants for timely resolution
• Liaise closely with external auditors throughout the preparation and audit of the Group Financial Statements, including providing supporting schedules and responding to audit queries
• Ensure consolidation activities and reporting are completed accurately, diligently and within the required deadlines
• Support other group finance and consolidation-related projects or assignments as required
• Willing to work beyond normal office hours when required, particularly during month-end, year-end closing and audit periods

About you

• Professional Accountancy Qualification (e.g. ACCA, CPA, MIA or equivalent) and/or a Degree in Accountancy
• Minimum 2–3 years of external audit experience, preferably with exposure to group accounts or listed companies
• Relevant experience in group consolidation and financial reporting, with the ability to manage and close group accounts accurately and within tight deadlines
• Good knowledge of International Financial Reporting Standards (IFRS) and Malaysian Financial Reporting Standards (MFRS)
• Practical understanding of intercompany transactions, consolidation adjustments, foreign currency translation and non-controlling interests
• Experience using consolidation software is an added advantage
• Strong Microsoft Excel skills, with the ability to work with large volumes of financial data and complex workings
• Strong analytical, problem-solving and communication skills
• Detail-oriented, organised and able to work independently as well as collaborate effectively with subsidiary finance teams and auditors
• Able to work under pressure and meet tight reporting deadlines