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Massy
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Massy
Phone:
Web:
Manager Accounting Operations
Location: ,Job Category:
Job ID: 117697
Employment Type:
Salary:
Posted: 12.18.2024
Occupations:
Accounting-Finance : Corporate Accounting, General-Other: Accounting-FinanceJob Description:
JOB DESCRIPTION
Company:Massy Ltd.
Job Title:Manager – Accounting Operations
Grade/Status: Manager
Department: Accounting Operations
Location: 63 Park Street, Port of Spain
Full Time/Part Time: Full Time
Direct Manager: Assistant Vice President, Group Chief Accountant
Direct Reports: 3 Assistant Accountants, 1 Accounting Assistant
Remote Working: Eligible
JOB PURPOSE
The Manager - Accounting Operations is responsible for managing the daily, weekly, and monthly accounting operations for Massy Ltd., Massy Holdings Ltd., Massy Foundation, and three Pension Plans: The Neal and Massy Pension Plan, TGG Staff Savings and Pension Plan, and T Geddes Grant Pension Fund Plan. The role ensures that all financial controls are in place, oversees accurate financial reporting, and manages inter-company billings and insurance portfolios. This position also supports regulatory compliance, financial audits, and reporting for various benefits plans, including ESOP and Medical Plan, while preparing budgets and forecasts.
DUTIES AND RESPONSIBILITIES
Financial Reporting & Accounting
Company:Massy Ltd.
Job Title:Manager – Accounting Operations
Grade/Status: Manager
Department: Accounting Operations
Location: 63 Park Street, Port of Spain
Full Time/Part Time: Full Time
Direct Manager: Assistant Vice President, Group Chief Accountant
Direct Reports: 3 Assistant Accountants, 1 Accounting Assistant
Remote Working: Eligible
JOB PURPOSE
The Manager - Accounting Operations is responsible for managing the daily, weekly, and monthly accounting operations for Massy Ltd., Massy Holdings Ltd., Massy Foundation, and three Pension Plans: The Neal and Massy Pension Plan, TGG Staff Savings and Pension Plan, and T Geddes Grant Pension Fund Plan. The role ensures that all financial controls are in place, oversees accurate financial reporting, and manages inter-company billings and insurance portfolios. This position also supports regulatory compliance, financial audits, and reporting for various benefits plans, including ESOP and Medical Plan, while preparing budgets and forecasts.
DUTIES AND RESPONSIBILITIES
Financial Reporting & Accounting
- Manage daily, weekly, and monthly accounting operations for Massy Ltd., Massy Holdings, Massy Foundation, and the pension plans.
- Prepare and review monthly management accounts, ensuring accurate reporting and compliance with IFRS.
- Oversee inter-company billings, including billings for Group Professional Services and Corporate Service Charges.
- Manage the accounting and financial reporting for the pension plans and ensure adequate financial controls are in place for accurate reporting of benefits plans such as ESOP and the Medical Plan.
- Prepare the annual budget package and quarterly forecasts for all entities.
- Ensure accurate financial reporting for the pension plans and manage the provision of all financial information for the triennial actuarial valuation.
- Manage regulatory deadlines, including CBTT quarterly reports and cash flow statements, and prepare reports for Trustee Meetings.
Compliance & Audit
- Ensure statutory compliance requirements are met in a timely and accurate manner.
- Manage the financial year-end audits for Massy Ltd., Massy Holdings Ltd., Massy Foundation, and the three pension plans.
- Develop and maintain internal controls to ensure accuracy in financial reporting.
Team Leadership & Development
- Oversee and review the work performed by direct reports, ensuring accuracy and adherence to company policies.
- Lead and mentor the accounting team, fostering a culture of continuous improvement and professional development.
Stakeholder Management & Collaboration
- Collaborate with internal departments to address and action requests in a timely manner.
- Liaise with external auditors, regulatory bodies, and pension plan administrators to ensure compliance and smooth operations.
Insurance Management
- Manage the insurance portfolio for Massy Ltd. (stand-alone entity) and the Massy Group.
- Assist in the procurement process and claims management for the Group's insurances.
JOB COMPETENCIES
- Results & People Focused: Balances performance goals with team development.
- Massy Values: Embodies and promotes the company's core values.
- Impact & Influence: Effectively motivates and influences others.
- High Ethical Standards: Committed to integrity and top performance.
- Meticulous: Strong attention to detail in financial reporting.
- Assertive: Confident in decision-making and driving initiatives.
- Emotional Intelligence: Skilled in managing relationships and building trust.
- Leadership & Development: Proven ability to lead and develop teams.
- Change Agent: Identifies and implements process improvements.
- Self-Starter: Works independently with minimal supervision.
- Customer Focused: Dedicated to delivering excellent service.
- Strategic & Organized: Capable of strategic thinking and efficient project management.
- Analytical & Communicative: Strong problem-solving and communication skills.
- Team Management: Skilled in leading and managing high-performance teams.
TECHNICAL SKILLS
- Solid technical knowledge of accounting principles and practices
- In-depth knowledge of IFRS and regulatory requirements for pension accounting.
QUALIFICATIONS
- Professional Accounting Qualification (ACCA, CMA)
EXPERIENCE
- Minimum 5-7 years of professional experience in financial accounting, with a focus on pension plans and corporate accounting.
- Minimum 4 years working experience in a Senior financial and supervisory position.
- Proven experience managing accounting teams, inter-company transactions, and coordinating with auditors.
SCOPE OF AUTHORITY
The role has the responsibility and is held accountable for meeting deadlines and maintaining accuracy for all listed functions. Compliance with statutory and accounting requirements is key.
INTERFACES
INTERNAL
The role has the responsibility and is held accountable for meeting deadlines and maintaining accuracy for all listed functions. Compliance with statutory and accounting requirements is key.
INTERFACES
INTERNAL
- Group CEO
- Group CFO
- Group Chief Accountant
- Corporate Reporting Department
- Corporate Secretarial
- Accountants, Assistant Accountants, Finance Directors across the Group
- Business Analysts
- Investment Committee
EXTERNAL
- Auditors
- Consultants
- Rating Agencies
- Marketing Agencies
KEY ADDITONAL INFORMATION
This role also provides the following functions:
- Approve ACH bank payments for vendors of Massy Ltd and MHL.
- Cheque and wire transfer signatory for MHL parent company, Massy Ltd and Massy Foundation
- Approve ACH bank payments for staff dividends, director’s, monthly staff and pensioners payroll
- Super user for online banking for MHL parent, Massy Ltd and Massy Foundation
Important Notice:
The job duties, elements, responsibilities, skill, functions, experience, educational factors and the requirements and conditions listed in this job description are representative only and not exhaustive of the tasks that an employee may be required to perform. Massy Ltd. reserves the right to revise this job description at any time and to require employees to perform other tasks as circumstances or conditions of its business, competitive considerations, or the work environment change.
Job Requirements:
QUALIFICATIONS
- Professional Accounting Qualification (ACCA, CMA)
EXPERIENCE
- Minimum 5-7 years of professional experience in financial accounting, with a focus on pension plans and corporate accounting.
- Minimum 4 years working experience in a Senior financial and supervisory position.
- Proven experience managing accounting teams, inter-company transactions, and coordinating with auditors.