Specialist - Corporate Accounting

Job Id: 6806- City: TOOWOOMBA, Queensland, Australia- Department: FINANCE- Function: FINANCE- Employee Type: Permanent Full Time- Seniority Level: AssociateDescription:
**PRIMARY RESPONSIBILITY**

Assist in preparing, analysing and reporting the monthly financial accounts of the company and in the preparation of the annual operating budgets and forecasts under the direction of the Finance Lead.

**SPECIAL NOTE**:
The statements below are intended to describe the general nature and level of work being performed by the individual assigned to this role. They are not intended to be an exhaustive list of all responsibilities, duties and skills to perform the role. The incumbent may be required to perform other duties which they are capable of performing, which are not included in this description.

**KEY RESULTS AREAS**

**General Ledger**
- Process accruals, standing and normal journals as required.
- List accruals for outstanding invoices and enter into system as per monthly timetable.
- Balance appropriate general ledger account reconciliations.
- Run end of month and end of year for general ledger module.
- Open cost centres/internal orders as required/applicable by lodging service requests with Head Office.

**Fixed Cost Reporting**
- Maintain data file with fixed cost information relating to internal order/cost centre, general ledger code; that encompasses prior year, budget and current year actuals/estimates
- Review divisional expenses and analysis of variances to budget and forecast monthly and liaise with managers regarding discrepancies
- Generate fixed cost reporting monthly by internal order for those responsible, and on an ad-hoc basis as required.
- Review staff Concur claims monthly, in particular checking amounts related to Fringe Benefit Entertainment

**Margin Reporting**
- Maintain data file with sales information that encompasses historical, budget, current year actuals/estimates and long-range plan forecasts.
- Review margins and analysis of variances to budget and forecast monthly and liaise with managers regarding discrepancies
- Generate margin reporting monthly and on an ad-hoc basis as required.
- Check and update data required for automatic BW sales reporting.
- Process changes to domestic pricing in SAP as requested.

**Cash & Banking**
- Proactively manage the company daily/weekly cashflow to ensure adequate funds are available to meet the company’s needs.
- Prepare internal cashflow reporting
- Manage all aspect of internal and external finance facility.
- Provide reports to external bankers including bank forecasting for review purpose.
- Ensure the company is within stated banking covenants and all compliance requirements are met (if required).
- Ensure relationships with bankers are managed in such a way that the company receives priority service.
- Maintain appropriate bank files to:

- Support bank authority forms and agreements,
- Maintain current signatory lists.
- Manage and administer banking services.
- Act as a bank signatory when required and in line with the company policy.

**Financial Instruments**
- Ensure settlement arrangements for all export transactions are secured and comply with company procedures.
- Actively manage the company’s foreign currency cash-flows to effectively manage any currency risk as per company policy.
- Maintain company foreign currency policy or Risk Management Policy (RMP).
- Provide monthly reports on the company’s position with financial instruments.
- Maintain knowledge of new technologies which can bring efficiencies to the company in terms of processes for payments, financial instruments, etc.
- Manage foreign currency loans and risk exposure to FX rate.

**Reporting**
- Produce monthly, quarterly & annual reports for Advanta in accordance with Advanta policy & timeframes (MIS and Statutory reporting).
- Review of other finance team member workpapers and reconciliations to ensure accuracy, providing support and guidance where needed.
- Assist and drive the delivery of annual/quarterly internal and external audit.

**Budgeting & Forecasting**
- Coordination of various project work including Budgeting, Year-End Estimates, Rolling Forecasts etc.
- Preparation budget balance sheet and ROCE and collation of budget profit and loss.

**Tax**
- Assistance with preparation of Income Tax, Transfer Pricing (including Significant Global Entity requirements), R&D tax offset reporting and lodgment
- Review of Fringe Benefits Tax and Goods and Services tax reporting.
- Liaison with external tax specialists where applicable, ensuring relationships with tax specialists are managed in such a way that the company receives priority service.

**Inventory**
- Maintain a working knowledge of the inventory system and its workings to provide senior level support to junior staff member to ensure profit and loss and balance sheet integrity.

**General financial support tasks**
- Provide support to Finance Lead in specific project work and ad-hoc accounting