What are the responsibilities and job description for the Accounting Specialist position at Focus?
Under general supervision, support accurate financial reporting and operational efficiency across key accounting areas which may include but not limited to transfer pricing, vehicle cost management, inventory, fixed assets, accounts receivable, and month-end closing.
Duties And Responsibilities
- Complete financial accounting, analysis, and reporting tasks on time, following company policies and procedures.
- Prepare monthly, quarterly, and annual financial statements in accordance with IFRS.
- Assist in consolidations and reporting for internal stakeholders.
- Support audit processes and provide necessary documentation.
- Perform journal entries, account reconciliations, and variance analysis.
- Ensure timely and accurate closing of financial periods.
- Collaborate with cross-functional teams to resolve closing issues.
- Support budgeting and forecasting activities.
- Ensure compliance with internal controls and IFRS accounting policies.
- Prepare and maintain transfer pricing documentation in compliance with local and international regulations.
- Provide support for intercompany transaction analysis and ensure that appropriate pricing methodologies are consistently implemented.
- Support audits and respond to inquiries related to transfer pricing.
- Track and analyze vehicle-related expenses including material costs, material overhead, labor and overhead, duty.
- Collaborate with other departments to ensure accurate cost allocation.
- Reconcile vehicle cost accounts and ensure proper reporting.
- Monitor and reconcile inventory transactions and balances.
- Ensure accurate valuation of inventory in accordance with accounting standards.
- Assist in physical inventory counts and variance analysis.
- Maintain the fixed asset register and ensure accurate capitalization and depreciation.
- Process asset additions, disposals, and transfers.
- Support periodic asset audits and reporting.
- Monitor customer accounts and ensure timely collection of outstanding balances.
- Reconcile AR subledger to general ledger.
- Prepare ageing reports and assist with credit risk assessments.
- Ability to prepare quality process documentation.
- Participate in process improvement initiatives and system upgrades.
- Assist with ad hoc financial analysis and reporting as needed.