Section Head, Financial Reporting (Balance Sheet)

Life at U Mobile
We are Passionate, Innovative, Trustworthy, Team-Oriented & Fun-Loving.

At U Mobile, we are always on the lookout for great talents and passionate individuals to join our growing team.
Let’s start your journey with an award-winning organization! #UnlimitingYourPotential

Top Reasons To Join Us
• Awarded as the Most Preferred Graduate Employers (2022& 2023) & Gold Winner for Excellence in Workplace Culture (2021)
• Comprehensive medical, dental, optical and insurance benefits
• Flexi working hours arrangements
• Staff Line & Device Subsidy
• Smart Casual Attire
• Child Parental Care Leave
• Convenient location with access to public transport (Imbi Monorail/Bukit Bintang MRT)
• Special employee discounts for selected F&B Brands

Role


The Day-To-Day Activities
Job Purpose
Overall responsible for maintenance and reporting of balance sheet line items reported in the Company’s financial statements and related party transactions

Job Responsibilities
• Monitors the following section of the balance sheet:
- Property, plant and equipment (“PPE”)
- Lease accounting
- MCMC related projects
- Inventory
- Ageing of receivables and payables
- Related party relationships and transactions
- Accruals and provisions
• PPE:
- Produce and monitor monthly Capex inventory, WIP, Fixed Asset Register
- Review and approve asset transfers, disposals, and write-offs
- Review and approve monthly depreciation charges and investigate any unusual variances
- Identify assets that are or may potentially be impaired and recommend action to address
• Lease accounting:
- Produce and monitor monthly lease schedule and accounting for right-of-use assets and lease liability that complies with MFRS 16 Leases
- Review and approve monthly amortization and investigate any unusual variances
- Monitor and account for accruals of lease payments
- Work with other business units to ensure timely renewal of leases to avoid disruption to operaions
• MCMC related projects:
- To track and monitor capex and opex of MCMC related projects
- Ensure timely billing to MCMC and capex and opex are cleared
- To produce and monitor the net carrying amount of capex of MCMC related projects for purpose of insurance renewal
• Inventory:
- To review and approve monthly reconciliation report with 4PL vendor
- To monitor and track network inventories
- For inventories held by the Company, to produce monthly inventory reports and investigate unusual movements
- Review inventory ageing and recommend actions to address aged items
• Ageing of receivables and payables:
- Review monthly ageing report and identify long outstanding balances
- Work with other functions (Accounts payable and receivable team) to address long outstanding balances from customers and timely payments to key suppliers
- Highlight balances which requires to be lodged as unclaimed monies and recommend action to address it after investigation procedures
• Related party relationships and transactions:
- Track and monitor existing related party relationships and transactions
- Work with other functions to identify new related party relationships and transactions
- Ensure documentations are in place to support the related party relationships and transactions
• Accruals and provisions:
- Assist other function to maintain a basis of accruals and provisions as supporting for accounting records
- Monitor and highlight aged accruals and provisions and recommend actions to address them
• Prepare supporting documentation to assist financial accounting and reporting team’s monthly closing activities and statutory audit
• Perform analytics on business performance in relation to CAPEX spend, Inventory movements, leases and RPT
• Involvement in the preparation of reports to management, Executive Committee, Audit Committee and Board of Directors on monthly and quarterly basis.
• Liaise with internal and external auditors for internal reviews and annual audit exercise respectively.
• Identify and recommend areas of improvement on existing documentation and processes, including areas of automation; and lead the project team to implement these improvements
• Involve in other ad-hoc projects as assigned.

About You
• Bachelor’s Degree in accounting or related with 8 years working experience
• Possess professional accounting qualification : ACCA, CPA or equivalent
• Experience and knowledge in MFRS 16 Leases and MFRS 124 Related Party Transactions are not required, but an added advantage

What’s Next ?
Once you have applied online, our team will review your application and due to a high volume of applications, only shortlisted candidates will be notified.