Clarks

Manager Global Finance Reporting

Clarks  •  Kuala Lumpur, MY (Onsite)  •  3 months ago
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Job Description

Primarily responsible for the preparation of the monthly group consolidation and group reporting pack to Viva Goods Company Limited (the parent company) which is listed on the Hong Kong Stock Exchange, and the preparation of IFRS 16 lease accounting across a multi-store portfolio.
Accountabilities:
• Prepare the group consolidation and group reporting pack including disclosure notes to parent for monthly and statutory period ends under IFRS.
• Prepare consolidation elimination and foreign exchange translation.
• Involve in key audit matters such as impairment assessment and provisions.
• Prepare and update impairment model for store assets, right-of-use assets and intangible assets, including group overheads allocation and corporate assets allocation.
• Liaise with independent valuer for WACC valuation and other valuation item when necessary.
• Prepare the IFRS 16 figures for both reporting to parent and Clarks statutory reporting. Manage the third-party provider or internal property management system outputs as applicable.
• Coordinate with property team and regional finance team to ensure completeness and accuracy of lease data for a high-volume retail lease portfolio.
• Read lease agreements to identify the lease information for IFRS16 calculation, e.g. lease term, rent arrangement, break clause, etc.
• Review and assess the accounting treatment on new store leases, renewals, terminations and modifications.
• Maintain lease accounting records within the internal property management system and the platform provided by third-party.
• Discuss with property team on the interpretation of lease term for various jurisdictions.
• Assist in transition from third-party vendor to in-house property management system for all property records.
• Review balance sheet items, oversight interaction between intercompany sales and purchases and unrealized profit account and prepare reconciliations.
• Coordinate with finance teams to ensure consistency and accuracy in internal, group and external reporting.
• Manage audit queries related to key audit matters, lease accounting, group reporting pack and disclosures.
• Drive continuous improvement initiatives to enhance the efficiency and effectiveness of the finance reporting process, including automation and optimization of reporting workflows.
• Ad-hoc project work as directed by the senior leadership.

Skills Knowledge and Experience:
• Professionally qualified accountant CPA/ ACCA/ CA or equivalent professional qualification
• 5 years’ experience in financial reporting or group accounting role
• Hands-on experience with IFRS 16 lease accounting is preferred
• Experience in International Financial Reporting Standards
• Ability to apply technical knowledge to “every-day” issues
• Good knowledge of finance structure; both commercially and from a legal/statutory perspective
• Highest standards of accuracy and attention to detail
• Strong analytical skills and commercial acumen
• Strong communication skill to work with colleagues from various departments/functions.
• A well organized and structured method of working
Clarks

About Clarks

It began with a flash of inspiration. It was 1825 in the Somerset village of Street and James Clark was busy working at the tannery owned by his brother, Cyrus. Among the sheepskin rugs, the off-cuts and cast-offs were piling up when James had a brainwave: “Slippers!”. And the rest, as they say, is history. A few stitches and a few years later, the sheepskin slipper was born.

It was the very first Clarks shoe and the opening chapter in a remarkable story that continues to unfold to this day. In the decades that have passed since the young Mr. Clark’s eureka moment our shoes have seen social, political and economic revolution. They’ve seen fashions in footwear come and go, and come again – everything from court shoes and winklepickers to wedge heels, sandals and sneakers. They’ve tapped to the beat of crooners, rockers, Britpoppers and hip hoppers. They’ve walked, marched, strode and sashayed through an ever-changing world.

New technology, state-of the-art facilities and our love of shoes means we’re not only the number one shoe brand in the UK. With continuing growth in North America, Western and Eastern Europe, India and China, we’re also the world’s largest casual and smart shoe company and the fourth largest footwear company on the planet.

We’ve come a long way since Cyrus and James Clark and the ‘Brown Petersburg’. But their vision and passion live on in our shoes. You could say we’re following in their footsteps.

Industry
Retail & Ecommerce
Company Size
5,001-10,000 employees
Headquarters
Street, GB
Year Founded
1825
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