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Group Consolidation Accountant - Shipping MNC

Job Seekers Singapore Finance & Accounting Accounting & Finance, Logistics & Shipping

Job Summary

  • Singapore
  • Permanent
  • BBBH765034
  • Sep 06, 2020
  • Competitive
Job Description

Group Consolidation + SAP system implementation


My client is a European Shipping MNC with global presence. They are currentlysetting up a new Corporate Finance team and looking for a Group Consolidation Accountant to join them!

Job Responsibilities:

  • Consolidate Group entities within SAP BPC system
  • Perform monthly consolidated adjustment entries
  • Prepare consolidation journals to account for the Group's share of profits through equity accounting and to eliminate intra-group transactions
  • Ensure that all consolidation / elimination entries are documented with relevant supporting documents
  • Review the Group's intercompany balances for intercompany differences and follow up with the relevant finance teams to clear unreconciled items
  • Ensure various group balance sheet accounts are reconciled on monthly basis e.g. investments, minority interest etc
  • Review monthly financial results submitted by subsidiaries/associates/JVs for reasonableness
  • Prepare Group consolidated balance sheet for management (including balance sheet by segment) and Group cash flow statement
  • Support the preparation of the Group's annual reporting pack including the (i) preparation of consolidation entries into the Group pack (ii) liaise with external auditors on the consolidation working files
  • Perform Net Assets proofing of investments.
  • Prepare monthly financial ratios
  • Assist to review, improve and implement streamlined work processes and internal controls


  • Relevant degree in Accounting and Finance
  • At least 5 - 8 years of relevant experience, ideally with big 4 audit and MNC background
  • Must have dry-bulk shipping background and/or experience using Veson IMOS
  • Must have performed Group Consolidation before
  • Experience in SAP is a plus

If you are keen or know anyone who might be suitable, click 'Apply Now' or you may reach me at with a copy of your updated resume, along with your salary details and notice period.

Kindly note that only shortlisted candidates will be notified.

Michelle Chia
Morgan McKinley Pte Ltd
EA Licence No: 11C5502
Registration No: R1878746

Consultant Details

Consultant Details

Michelle Chia
Michelle Chia
  • Consultant
  • +65 6818 3161