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Sr Accountant

South Korea
Seoul
The Senior Accountant is responsible for general accounting, accounts payable & receivable as well as bank transactions and tax compliance. He/she will work close together with the Finance Manager for execution. The Senior Accountant reports to the Finance Manager Korea.
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Lotus Bakeries Employee with Biscoff Ice cream

Job description

Key Result Areas

 

General Accounting

  • Responsible for all day-to-day GL bookings and month-end closing in the financial system. Ensure accurate and timely booking and conduct month-end closing to ensure all income and expense are booked properly. Ensure all is conform IFRS accounting standards.
  • Prepare local reporting package including BS, PL, TB and sub-ledger and make account reconciliation on monthly basis (Balance sheet file)
  • Prepare statutory accounts and ensure all is conform K-GAAP and in compliance with local laws and regulations
  • Ensure proper and timely preparation is done for external and internal audits

Accounting

  • Sales VAT invoicing and Account Receivable
  • Issue Sales VAT invoices number in SAP in line with NTS’s amount and reconcile all invoices in SAP with the invoiced amount by the customer for all MT customers.
  • Prepare AR ageing report and follow up on Trade receivable outstanding/ageing balances with the sales team to collect the outstanding balance on  time
  • Prepare and ensure all DAI, P&I and CR/DR proposals are checked and entered timely and properly in SAP
    • Treasury
  • Ensure bank transactions are prepared and executed on time and properly
  • Ensure cash clearing as AP&AR on time
  • Ensure end of month actual bank balance and SAP bank account balance
  • Manage actual bank books

    •  

    Reporting and Planning

    • Ensure monthly reporting in SAP is done in time and properly and ensure that all necessary disclosure templates are completed in time and completely, conform IFRS standards.
    • Ensure managerial reports, Inventory reports are prepared and analyzed
    • Support Budget/LE processies
    • Prepare/support monthly rolling forecast based on latest sales forecast/promotion plan as agreed in S&OP meeting

    Tax

    • Responsible for quarterly VAT filing preparation and reconciliation with GL
    • Responsible for CIT filing preparation
    • Prepare HY and FY deferred tax asset calculations

    SAP

    • FI, Copa module managing
    • Consolidation process follow up

     

    Finance Business Partnering

    Support ad hoc PNL for promotions and NPD’s if needed.

    Profile

    Education (degree):

    • University level and preferably with a Master/major in Finance and Accounting

     

    Competence profile:

     

    Specific knowledge:

    • Local GAAP & Local Tax legislation knowledge
    • IFRS knowledge
    • SAP knowledge (Mandatory)
    • Microsoft knowledge (outlook, excel, word, Power point)

     

    Experience:

    • Around 5 – 8 years of solid accounting experience (in an international company)
    • Preferably experience in FMCG, working with A-brands and working in an international environment.

     

    Language:

    • Fluent in Korean and English (both verbally and in writing)

     

    Personal competences:

    • Strong personality and serious partner in business
    • Strong communicator both internal and external. Representative for the company.
    • Analytical and fact based thinker (has the “accounting reflex”)
    • Hands on mentality with an eye for detail
    • High energy level 
    Biscoff marketing team at HQ in Lembeke, Belgium

    "The most rewarding aspect of working at Lotus is the open exchange of diverse ideas and collaborative spirits, both in formal meetings and during our casual lunchtime chats. The atmosphere is one of constant growth, learning, and collegiality."

    Junior Legal counsel working at Lotus Bakeries

    Marie Verheye

    Legal Counsel

    Offer

    Grasp the opportunity to join an ambitious and driven team with a mix of talents! Being part of a fast growing, international company, you will get tons of on-the-job-learning and acquire new insights. In addition, you will be part of a culture where passion, team spirit and open dialogue are our main drivers.And of course, on top of that, you can enjoy delicious branded snacks every day!

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    ... Or get to know the team

    Do you want to be part of a terrific team with the ambition to create small moments of happiness every day? Meet our people, discover their unique skills and get excited to join them in a great work environment.

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