Job description:
Job TitleExecutive, Lease Accounting
Reports ToAssistant Manager, Lease Accounting
Role PurposeProcess the accounting postings and reconciliations for leasing related transactions, i.e. aircrafts, property, ground vehicle etc and ensure compliance with lease accounting standards IFRS 16.
Key Accountability- Execute the full life cycle of lease contract in REFX system (create, maintain, post adjustment to FI, adjustment, renewal, give notice).
- Tracking lease payments in REFX system and verify against the original invoice from lessor.
- Report and make the necessary amendment based on invoices discrepancy from lessors or any other changes.
- Review terms and conditions for any modification on the existing lease contracts.
- Ensures consistent, timely and effective communications with internal and external stakeholders.
- Undertake additional responsibilities to support / replace other team member roles, if required.
Qualification & Experience- Degree in Accounting / Finance and/ or professional qualification (ACCA, ICAEW, CPA, MIA, etc.)
- 2 years working experience in Accounting and/ or Finance or in the related field
Skills & Knowledge- Possess a strong understanding of basic accounting principles and practices and internal policy;
- A team player, possess a good understanding of leasing matters and possess an eye for detail;
- Able to manage diverse stakeholders;
- Builds relationships between teams and reporting lines;
- Well-versed with SAP Software & Solutions and other business/accounting tools;
- Good knowledge of Word processing, spreadsheet and presentation tools (Word / Excel / PowerPoint/Power BI);
- Industry Knowledge: Highly prefer knowledge of airline industry or related.
Key Challenges- Errors / Corrections required per 1,000 transactions
- Breaches of SLA / Service standard
- Following up and obtaining timely information from BU