Red Bull Hiring for Chief Accountant / Senior Accountant – Hong Kong (m/w/d) Job at Hong Kong Full Time

• University Degree, holds a relevant accounting qualification (e.g. Certified Management Accountant)
• Fluency in English (verbal and written)
• Permanent, Full-time

The Chief Accountant/Senior Accountant ensures accurate and clean Books of Accounts for the entity and is responsible for coordinating and completing the Internal and external audits without major audit opinions. He/She is also responsible to support the management team in delivering the annual Business Plan and Revised Estimate Co-op, Cash Flow, and local Net Income targets for Red Bull Hong Kong. The Chief Accountant/Senior Accountant builds a solid relationship with senior managers and budget owners, based on mutual respect and trust, and acts as a first point of contact for all finance related matters for the entity; also acts as a key contact to the Regional Finance Manager and ensures all business topics are discussed and aligned.

Areas that play to your strengths

All the responsibilities we’ll trust you with:

General Accounting

Guarantees 100% compliance with all relevant local legislation (e.g. statutory accounting standards, tax law, civil law) and internal group accounting guidelines

Ensures that the accounting is correct, transparent (within the organisation and towards HQ) and complete (including appropriate accruals/deferrals). The financial statements must present a true and fair view of the financial position, financial performance and cash flows of the reported period

Assures timely submission of accurate financial information to all stakeholders (e.g. tax authorities, other local authorities)

Responsible for pro-actively managing the year end audit process and the external auditors to secure clean Early Warning Memorandums and clean Management Letters strictly avoiding an “Emphasis of Matter” or a “Qualified Opinion”

While maintaining quality, continuously drives efficiency by streamlining processes (within Accounting and beyond Accounting) and the use of available tools.

Ensures that the accounting operations are fully integrated from a process, systems and control perspective

Responsible for establishing an effective tax management in cooperation with the tax specialists in HQ and external tax advisors

Bookkeeping

Maintains the fixed asset register and supervises the asset accounting in the fixed asset ledger

Manages the account payables ledger as well as the periodic payment runs while ensuring segregation of duties

Controls the accounts receivable ledger and the dunning process

Supervises the bank statement postings as well as the reconciliation of the bank accounts and petty cash

Reconciliation of all tax accounts

Guarantees the timely and accurate reporting to local authorities.

Maintains the general ledger

Period Closing

Responsible for the timely compilation of the monthly and annual closings including the communication of the closing timetable within the organisation

Carries out depreciation runs, posts all accrual and deferral entries as well as revaluations, write offs and provisions

Reconciles all clearing and intern company accounts

Carries out any other period closing postings

Prepares the annual statutory financial statements

Conducts a thorough review of all monthly reports and financial statements prior to the submission to HQ or authorities to make corrections if needed

Cash Management & Treasury

Complies with all relevant HQ Treasury guidelines

Supports Dubai Shared Service team in establishing and maintaining an effective credit risk management, makes sure that payment terms of the DP are in line with industry standards, assesses customer creditworthiness on a regular basis, suggest credit limits and security requirements

Sets up an effective cash management by minimising working capital needs and proactively transfers surplus cash to the parent company

Aligns all financing (including leasing) and bank selection decisions with the Treasury department in HQ

Ensures that reliable liquidity forecasts are being delivered to HQ on time

Carries out a return on investment calculation for all proposed investments as per the Investment guideline and makes sure that a positive return will be achieved

Manages all local insurance topics (cars, claims, general internal inquiries) according to the guideline. Supports HQ in the Enterprise Risk Management calculations

Internal Controls and System

Assures the application of and compliance with all relevant HQ guidelines

Implements local policies to set principles for behavior, to have a written documentation of the common sense and to guarantee fair treatment within the organisation

Establishes and continuously re-assesses an effective Internal Control System and thus minimizes the risk of errors, misconduct or fraud by designing company processes to satisfy the 4 eyes principle, ensuring sufficient segregation of duties and creating awareness about the possibility of fraud

Promotes candid business conduct and establishes a climate of honesty, trust and loyalty (lead by example) and encourage a (confidential) culture of reporting misbehavior

Minimises transactional workload by introducing and maintaining systems (SAP, Iverify, Electronic Bank Statement, Optical Character Recognition, Excel Upload, Electronic Banking)

Promotes direct data access to the budget holders using BI

Assures that all key processes are documented in writing and that checklists are being used

Controlling

Ensures full compliance with the Group Controlling guideline

Ensures a timely distribution of financial information (plan & actual) to every budget holder by sending out reports, by allowing system access and by presenting the information in regular meetings in close coordination with the Regional Finance Manager

Promotes efficiency in Controlling in order to minimise time spent for report generation and increase time for analysis, commenting and insights sharing

Supports the RFM in establishing a true bottom up planning process and helps in developing a local planning calendar based on the group planning timetable allowing for sufficient review time and feedback cycles

Supports the RFM with forecasting accuracy of business plans, revised estimates and long term forecasts by sharing his view of the planned phasing by the budget owners

Supports budget holders during the planning process in close coordination with the RFM

Sets up a monthly reporting calendar. Plan – actual deviations are commented on their causes with the objective of preventing further deviations and agreeing on counter measures

Your areas of knowledge and expertise

• University Degree, holds a relevant accounting qualification (e.g. Certified Management Accountant)
• Minimum of 5 years of relevant accounting experience in a similar organisation
• Vast knowledge of all local tax regulations, local GAAP and IFRS
• Strong leadership skills/strong leadership track record
• Capable of communicating precisely, effectively and convincingly based on facts with internal and external stakeholders
• IT literate, excellent MS Excel knowledge and hands-on working knowledge of SAP
• A structured and well-organised individual
• Must be self-motivated, self-directed and be able to work under pressure in a fast paced team environment
• Flexible and a team player