Intercompany Reconciliation Officer

Morris Hedstrom is the oldest Supermarket Chain, serving Fiji since 1868. We are seeking applications from suitably qualified and experienced individual for the following position to be based in our main office in Suva. If you have the drive and enthusiasm to succeed then we will surely like to hear from you!

Intercompany Reconciliation Officer

Responsibilities:

• Perform regular reconciliation of intercompany accounts to ensure that transactions between subsidiaries or departments are accurately recorded and balanced.
• Investigate and resolve discrepancies between intercompany records, including variances in transaction amounts, timing differences, and recording errors.
• Prepare detailed reconciliation reports, documenting findings and corrective actions taken.
• Review and validate intercompany transactions to ensure they are recorded accurately and in accordance with company policies and accounting standards.
• Coordinate with various departments or subsidiaries to verify and confirm transaction details and account balances.
• Ensure timely and accurate posting of intercompany transactions in the financial systems.
• Assist in the preparation of financial reports related to intercompany reconciliations, including summaries of reconciled accounts and outstanding issues.
• Provide insights and recommendations to management based on reconciliation outcomes and trends.
• Support the financial reporting process by ensuring that intercompany balances are properly reflected in consolidated financial statements.
• Identify and implement improvements to reconciliation processes and procedures to enhance accuracy, efficiency, and effectiveness.
• Develop and maintain standard operating procedures for intercompany reconciliations to ensure consistency and compliance across the organization.
• Collaborate with other finance team members to streamline intercompany processes and resolve any issues.
• Ensure compliance with company policies, accounting standards, and regulatory requirements related to intercompany transactions and reconciliations.
• Monitor and enforce internal controls to safeguard the accuracy and integrity of financial data.
• Assist in preparing for internal and external audits by providing required documentation and addressing audit inquiries.
• Act as a liaison between different departments or subsidiaries to facilitate effective communication and resolution of intercompany reconciliation issues.
• Collaborate with other finance team members to address any discrepancies or concerns related to intercompany transactions.
• Provide training and support to staff on intercompany reconciliation procedures and best practices.

Requirements:

• Bachelor’s degree in Accounting, Finance, or a related field; additional certification (e.g., CPA, CMA) is preferred.
• 1-2 years’ experience in a similar role would be an advantage.
• Proven experience in accounting, finance, or a similar role with a focus on reconciliation, preferably in a retail or multi-entity environment.
• Strong understanding of accounting principles, intercompany transactions, and financial reporting.
• Excellent analytical skills with attention to detail and accuracy.
• Proficiency in accounting software and Microsoft Office, particularly Excel.
• Strong communication and interpersonal skills with the ability to work collaboratively with other departments and subsidiaries.

Apply Today:
Email your application with a detailed CV to c.shishneel.ho@carpenters.com.fj or you can drop your application at our Head Office in 34 Rodwell Road, Suva. For more information, you can contact HR 
Department on 998 3793.

Application closes on 15th December 2024.

Only shortlisted candidates will be contacted for interview.