Financial Accountant

The Body Shop

When Anita Roddick founded The Body Shop in 1976, she had a vision. Business as a force for good – that’s us. Over 40 years later, we’re proud to be pioneering cruelty-free beauty every step of the way. We’re the original ethical beauty brand. We’ve got a thing for empowering people and enriching our planet. We’re all about keeping it real, in every way possible. Our activist roots remain a huge part of everything we do, from our iconic window posters to our vegetarian products to our infamous campaigns. We’re never afraid to stand up and speak the truth. We like to do things a little differently around here. 

The Body Shop is committed to generating positive economic, social and environmental impact. We’re fighting for what we believe in now more than ever. No holding back. Breaking the mould has always come naturally to us, and we need someone who’s not afraid to mix things up. 

Your role in a nutshell

This role will be responsible for overseeing and preparation of financial records, ensuring the accuracy, timeliness and compliance to The Body Shop Singapore chart of accounts and IFRS. This role will also be responsible for all statutory reporting and submission.

More about the role

Financial Closing

• Ensure timely, accurate month-end closing and financial reporting to Management:

1. Profit and Loss
2. Balance sheet (all local requirements, excluding globally managed accounts)
3. Cashflow
4. Management reports

• Responsible for preparation and closing of monthly and annual financial statements.
• Responsible for accounting processes and tasks:

1. AR – billings, aging review, reconciliation etc.
2. AP – invoices postings, accuracy of payment details, aging of GRIR, Open POs
3. FA – fixed asset additions, disposal and monthly depreciations
4. Tax – GST reconciliation and filings
5. GL – accruals, Chart of accounts maintenance

• Ensure respect of Group standards (Finance, Accounting, Controlling and Tax) in line with legislation and best practice of internal and external audit.
• Coordinate and liaise with internal parties to support intercompany activities.

Statutory Reporting and submission

• Preparation of documents for annual external audit, turnover and donation audits.
• Preparation of information for tax computation and filing.
• Provide expertise on accounting requirements under local GAAP and IFRS.
• Prepare statutory reports (statistics and surveys) for submission to the relevant authorities.
• Provide finance support on inventory counts and postings.
• Provide support to Global and liaise with external audit and government agencies to ensure that all statutory reports and statements are completed accurately and on time to relevant authorities.

Budgeting

• Support forecasting and budgeting exercise in particular on IFRS 16 treatment and adjustment.
• Validation of GL accounts, in accordance to latest chart of accounts description.
• Support on CAPEX planning, working in close collaboration with key stakeholders (Retails Operations, IT, etc.).

Governance and Controls

• Ensure AP and AR processes and controls are sound and in accordance to TBS policy and SOX requirements.
• Maintenance of PO approval matrix.
• Manage transactional staff, provision of support and guidance.
• Provide support to Global on query resolution and support on management reporting.

Business Partnering

• Responsible for queries raised on accounting records, payment and receipt status.
• Close collaboration with Ecommerce account manager in tracking of AR or AP updates.
• Assist in new processes and system implementation when required.

Working Relationships & Interfaces (where applicable):
Internal

• Financial Planning Analyst
• Group Finance
• APAC Finance team
• Transactional staff
• Operation staffs

External

• Auditors
• Tax advisors
• Landlords

What we look for

Experience:

• Fiscal reporting in a local retail environment

Qualifications:

• Local accounting qualification
• Minimum of 5 years experience of working within a finance department;
• Good knowledge of Microsoft core programs including excel, word, power point including pivot tables and databases

Technical & Professional competencies required:

• Understanding of international accounting practices and standards
• Working knowledge of SAP and some POS systems

Competencies required:

• Self motivated
• Works well under pressure
• Ability to multi task
• Cultural flexibility
• Understanding of cross functional dynamics of a retail business
• Good communication skills