We are seeking a Financial Accountant, General Accounting for a regular position position to work within Accounting & Finance Department at the International Vaccine Institute in Seoul, Korea. (Duty station: Seoul, Korea)
Job Description
This job is responsible for supporting general accounting and finance operations, including revenue and accounts receivable management, monthly/yearly closing, and donor/project financial reporting. This position also assists with internal control, audit preparation, and VAT reporting for overseas offices. Also, this position will support maintaining and enhancing ERP system and other related system.
Key Roles & Responsibilities
1. General accounting
- Support the monthly and annual financial closing process, ensuring timely and accurate completion of journal entries, account analysis, and general ledger maintenance.
- Prepare regular financial data after closing, monthly closing, and year-end closing.
- Maintain and update Balance Sheet (B/S) accounts and related schedules.
- Perform daily Bank reconciliation and ensure alignment between actual cash transactions and system.
- Maintain general ledger including preparing journal entries, account analysis, and account receivable reconciliation.
- Assist with recording the project’s residual fund on a regular basis, communicating with project with if any variance occurred.
2. Account Receivables
- Responsible for day-to-day Revenue /AR operations, ensuring compliance with internal policies and accounting standards.
- Reconciliation of AR accounts (Projects, Core), monitor AR aging and ensure timely collection with accurate AR clearing and reconciliation.
- Provide fund-in list, a summary of both a fund from donor and cash basis donation.
- Reviewing Record and report financial accounting with date and all valid transaction with sufficient details.
- Execute procedures for incoming payments, including reconciliations and book-keeping/recording. Communicate with bank representatives regarding payments and system-related issues.
3. Prepare project information & provide reporting data
- Review project expenses to ensure donor fund usage complies with donor and organizational requirements.
- Prepare financial reports requested by donors and other stakeholders.
- Coordinate with project and program teams to ensure accurate and timely financial reporting.
- Prepare quarterly report on the expense of Director General.
- Support budgets & forecasts procedure.
- Support new joiners in project team to ensure smooth finance-project team cooperation.
4. Perform other finance-related affairs
- Support VAT tax reporting for overseas offices, ensuring compliance with local tax regulations.
- Support internal/external audit-related tasks and internal control.
- Support ad-hoc financial data and analysis as required in a timely and accurate manner.
- Contribute to improving ERP and necessary finance templates.
Job Requirements and Qualifications
1. Education Requirements
- Bachelor’s degree or equivalent
- (Business, Accounting, or Economics)
2. Related Field Work Experience
- 3+ years
3. Technical and Professional Skills / Knowledge
- Knowledge of accounting and ERP system
4. Key Competency
- Communication & Commitment to Continuous Learning
- Detail-minded while able to see the bigger picture; multi-tasks; analytical and problem-solving skill. Familiar with MS office applications. Resilience. Experience of working with US GAP and IFRS is highly valued
5. Language Proficiency
- Fluency in English & Korean
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