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Job Summary
The Group Accounts Manager reports directly to the Director of Finance of ELS and its affiliated companies. This role encompases all matters related to finance, budget, and accounting. Additionally, the Group Accounts Manager is responsible for promoting and maintaining an atmosphere that is conducive yet stimulating for employees.
The key function of this position is to develop and improve standardised operational practices, ensuring that the Company's Accounts and Procedures are applied uniformly throughout the group.
Job Duties
Financial Management & Reporting
- Manage, in collaboration with the Director of Finance, the fiscal operations of all Centres and Group entities.
- Lead and supervise the accounting operations across all ELS Group companies.
- Direct the accounting team to ensure accuracy, timeliness, and compliance in all financial processes.
- Oversee the preparation and submission of monthly management reports, consolidated financial statements, and cash flow reports.
- Provide accurate, timely, and relevant financial analysis to support strategic and operational decision-making.
Internal Controls & Compliance
- Establish, maintain, and continuously improve financial accounting systems and internal control frameworks.
- Ensure compliance with statutory requirements, tax regulations, and applicable accounting standards.
- Monitor regulatory changes and ensure readiness for compliance.
- Liaise with auditors, tax agents, bankers, and company secretaries to facilitate smooth audits, filings, and statutory submissions.
Cash Flow & Fund Management
- Manage daily fund flows to ensure the security and proper accounting of Centres' funds.
- Implement efficient cost control measures over the Centres' expenditures.
- Ensure the timely submission of royalty reports and payments to the franchisor.
- Oversee fund management activities across the Group.
Strategic & Operational Support
- Conduct credit evaluations on new customers and manage effective collection procedures.
- Provide financial insights for strategic projects, partnerships, and new business ventures.
- Advise Management on financial policies, procedures, and best practices.
- Liaise with branches and associated companies on inter-company transactions and provide guidance
- when required.
People Management
- Plan manpower requirements and training for the finance team to enhance performance and support professional growth.
- Promote a high-performance culture and foster cross-functional collaboration.
Systems & Process Enhancement
- Oversee the utilisation and continuous improvement of the company's finance system to enable real-time reporting and operational efficiency.
- Identify and implement process automation opportunities to reduce manual work, enhance accuracy, and improve turnaround time.
Other Duties
- Undertake any other duties as assigned from time to time by Management.
Job Requirements
Education
- BA/Com or professional accounting qualification required.
Experience:
- Qualified Accountant with ACCA or CIMA, possessing appropriate technical skills and up to date with relevant best practice and legislation.
- At least three years of managing finance and accounting in a business establishment with full supervisory responsibilities, including hiring and evaluating personnel.
- Preferably with at least 2 years of audit experience with medium to large accounting firms.
- Previous experience in the education or IT industry is an advantage.
- Being a member of MIA is an advantage.
Personal Characteristics
- Good analytical skills, strong sense of responsibility, commitment and discipline;
- Strong verbal and written communication skills in the English language.
- Strong interpersonal, supervisory and customer service skills required.
- Ability to multitask, work under pressure and meet deadlines required.
Standards of Performance
The standards of performance for the Group Accounts Manager position are met when:
- All local laws and regulations are complied with.
- Constant efforts are made to improve personnel relations.
- Prompt advice is given to Management regarding expenditures that may exceed the budget and possible ways of saving.
- All funds are accurately accounted for and handled according to the franchise's policy to prevent cash losses.
- Centre property is secured and accounted for as requested when an inventory of fixed assets is done.
- Scheduled reports, as well as other reports and/or data requested by the Management, are submitted accurately and on schedule.
Limits of Authority
- Cannot make Company policy decisions.
- Cannot hire or terminate an employee reporting directly to the Manager without the prior approval of the Director of Finance.
- Cannot make a capital expenditure, sign leases or contracts.
- Cannot participate as a manager or consultant in any other business enterprise without the prior approval of the Director of Finance.
