We are seeking a Financial Accountant for a regular position to work within the Accounting & Finance Department at the International Vaccine Institute in Seoul, Korea. (Duty station : Seoul, Korea)

Job Description

This job is responsible for both financial statement/accounting and audit function. Main two functions will be 1) AR, Closing related support and 2) internal audit review and supporting.

Key Roles & Responsibilities

  1. Responsible for general accounting – treasury, bookkeeping, payment, bank account management.

• Responsible for day-to-day Revenue/AR operations, ensuring compliance with policies.
• Monitor AR aging and ensure timely collection in coupling with accurate clearing of AR.
• Reconciliation of Account Receivable – Contribution receivable, other receivable.
• Daily Bank reconciliation at financial closing, matching between actual cash transaction and system.
• Bank related work including daily communication with banks and creation of new account for regional office, Europe.
• Vendor creation and the regular related audit.
• Responsible for project card payment process including coordinating vender for arrangement & executing the procedure.

   2. Perform monthly/yearly end closing & monitoring B/S account.

• Prepare regular financial data after closing, monthly closing, and year-end closing.
• Provide fund-in list, a summary of both a fund from donor and cash basis donation.
• Maintain general ledger, including preparing journal entries, coding invoices, account analysis, and account receivable reconciliation.
• Support the fixed assets management and CAPEX operation to Sr. accountant.

   3. Support internal control

• Prepare financial statement audits as well as analytical reviews, internal control process assessment.
• Perform compliance activities;- Document internal controls within financial reporting processes

  – Measure and test the effectiveness of key controls

  – Report and correct control deficiencies, especially material weaknesses

  – Certify the effectiveness of control environment

   4. Manage other finance related affairs

• Develop other templates used for finance team with support of IT team. management.
• Support new joiners in project team to ensure smooth finance-project team cooperation.
• Support ad-hoc data preparation for financial reports in the timely manner.
• Support on financial planning and analysis
• Support providing adequate and accurate analysis on budget, P&L, balance sheet, cash flow, CAPEX and other financial information to share with top management.
• Track, monitor and perform monthly financial performance analysis against budget/FCST and provide insight on future risks and opportunities in timely manner. Reconcile actual with budget with accurate commentaries.
• Work with process owners to build their periodical budgets such as PA.
• Compile reports and analysis in a timely and accurate manner, such as KPI; identify trends and exceptions for Head of finance’s review.
• Support new budgeting system when the new system has implemented in 2023.

Job Requirements and Qualifications

   1. Education Requirements

• Bachelor’s degree or equivalent (Business, Accounting, or Economics)

   2. Related Field Work Experience

• 3~10 years

   3. Technical and Professional Skills / Knowledge

• Knowledge of accounting and ERP

   4. Language Proficiency

• Good verbal and written communication skills in Korean and English under complex business circumstances in a clear/concise manner.