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Finance Senior Supervisor - Cambodia

  • Financial and Legal Services
  • Phnom Penh, Cambodia
  • Cathay Pacific

Cathay Pacific Airways has been operating flights between its hub of Hong Kong and Cambodia for 23 years. To cope with its expansion in Cambodia, we are now looking for a qualified Cambodian National to fulfill our vacant position.

Reports to: Financial Services Manager, Vietnam / Country Manager / Regional Head of Finance

Department: Finance (FIN)
 

To support the Regional Head of Finance and local business units to ensure robust control and compliance of financial operations in the country in addition to conducting accounting and finance activities in line with established company policy.

To provide analysis and recommendations to local port and department managers where required.
 

Key Responsibilities

Compliance – Legal, Taxation, Regulatory Reporting

  • Ensure accurate and timely filing of tax returns, audits, declarations, applications/renewals of all required licenses and other financial-related matters to local authorities
  • Fully comply with all applicable laws and regulations, including maintenance of necessary accounting records as per local requirements including oversight of company / branch office registration
  • Check and sign declarations and deposits of accounts to banks, Chamber of Commerce and other local bodies as required
  • Check and sign Value Added Tax, withholding tax, noise, airport and other tax declarations and payments in accordance with local legislation
  • Manage the handover of finance-related matters between Country Managers, including signatory changes and registration with local bodies
  • Monitor and update country management and Regional Finance Office on new local requirements which may give rise to changes in risk exposure and/or changes in working procedures

 

Control and Risk Assessment

  • Ensure the company’s principle accounting policies are followed, such as the Finance Manual (Head Office), Outport Accounting and Internal Control Manual (overseas countries) and Credit Control Policy and Guidelines
  • Ensure proper authorisation of contracts and expenditures
  • Partner with the Country, Port, Department Managers to ensure completion of the Control Self-Assessment for risk management
  • Perform regular audits (at least annually) on finance processes to identify any breaches of, or risks to, company policies and work with management to implement robust controls

 

Cost Control

  • Partner with country management and the Regional Finance Office to prepare budgets, forecasts and ad hoc financial analysis as required
  • Critically review actual spend as compared to budget and work with stakeholders to identify cost saving opportunities
  • Ensure preparation of monthly analysis for country management and Regional Finance Office on cost variances
  • Implement cost saving initiatives wherever appropriate

 

Credit Control

  • Establish, maintain and comply with the company credit policy for appointing new agents and work with the sales teams to evaluate potential new agents in line with policy
  • Ensure that necessary security from agents is obtained and maintained
  • Perform annual credit reviews for all non-IATA agents and General Sales Agents and lead monthly debtors meetings with cargo and sales teams
  • Ensure country management and Regional Finance Office stay informed of the financial status of agents and take action to minimise exposure and losses
  • Review any bad debts proposed by the cargo and sales teams to ensure appropriate justification and ensure the write-offs are authorised by applicable signing authority
  • Review any default payments and ensure collection is pursued through IATA, bank guarantees, collection agencies, legal avenues, etc.
  • Actively participate in or lead local external working groups that oversee the setting up of Billing and Settlement Plan and Cargo Accounts Settlement Systems (CASS) credit control parameters and implement processes accordingly

 

Requirements

Academic qualifications

  • Degree in Accounting or related discipline with sound accounting knowledge
  • Post-graduate accounting qualification in Accounting (e.g. Chartered Accountant, Certified Practicing Accountant, Chartered Management Accountant, etc.) or related discipline 

 

Knowledge, skills, training and experience

  • A minimum of four years’ experience in Finance/Accounting is essential
  • Experience in the airline industry is an advantage
  • Experience in SAP is an advantage
  • Minimum of two years’ experience in leading a high performing team
  • Sound understanding of local country’s business practices
  • A good team player with strong interpersonal skills and can interact with all levels within the organisation and region
  • Demonstrable experience in improving current work practices and implementing new ideas
  • Strong planning, problem-solving and organisational skills and is able to prioritise and manage multiple tasks and deadlines
  • Strong understanding of Cathay Pacific policies and procedures
  • Superior written, oral communication, negotiation and presentation skills
  • Demonstrates cultural sensitivity and diplomacy
  • Leads, adapts and embraces constant change
     

Key Competencies

  • Analysis and Problem Solving
  • Planning and Organising
  • Continuous Improvement and Innovation
  • Interpersonal Effectiveness
  • Leading and Developing Teams
  • Developing and Recognising Others

Deadline: 22 January 2021

Cathay Pacific is an Equal Opportunities Employer. Personal data provided by job applicants will be used strictly in accordance with our personal data policy and for recruitment purposes only. Candidates not notified within eight weeks may consider their application unsuccessful. All related information will be kept in our file for up to 24 months. A copy of our Personal Information Collection Statement will be provided upon request by contacting our Data Protection Officer.

 

Apply now