Junior Accountant (AU)
Description
We are looking for a detail-oriented Junior Accountant to provide comprehensive audit services for our Australian client. The ideal candidate will thrive in a dynamic, fast-paced work environment, demonstrating a strong ability to handle diverse financial responsibilities.
Responsibilities
> Financial Statement Audits for Strata Schemes:
- Audit Execution:
-Conduct audits of financial statements for strata schemes, ensuring compliance with bylaws, statutes, and ATO regulations.
-Verify documentation for asset and liability classes, and trace comparatives from prior years’ audit workpapers.
-Reconcile bank balances to statements, investigate variances, and review cash/real accounts.
-Analyze levy income, arrears, and advances against supporting documentation.
- Expenses & Accruals Review:
-Audit expenses through sampling and investigate significant budget vs. actual variances.
-Review year-end accruals (debtors, creditors, prepayments) and confirm subsequent payments/collections.
-Verify reversal of prepayments at the start of the subsequent financial year.
- Compliance Checks:
-Monitor GST registration requirements based on revenue turnover.
-Review deficit balances in funds held and check the ATO portal for outstanding lodgements (BAS/ITR), payables, or refunds.
> BAS preparation & Lodgment:
- Ensure accurate GST recording and review GST-free transactions.
- Reconcile GST variances (cash vs. accruals) and prepare BAS forms using both methods.
- Allocate GST payables/refunds between strata scheme funds.
- Validate bank details in the ATO portal.
> Client & Regulatory Engagement
- Collaborate with clients and the Client Relationship Manager (Caren Chen) to clarify audit findings in plain language.
- Resolve ATO/audit-related issues proactively with clients.
- Draft clear, concise audit reports with minimal jargon.
- Present research findings on regulatory updates (e.g., ATO rules, Acts) to peers.
Requirements
- Must possess at least a bachelor's degree in accountancy and is CPA-licensed
- Minimum of 1 year of experience with a local auditing firms
- Strong reading comprehension to interpret bylaws, statutes, and regulations
- Proficiency in resolving complex issues and communicating solutions succinctly
- Ability to conduct independent research and reconcile variances
- Strong interpersonal skills for client interactions and team collaboration
- Excellent written English for reports and compliance documentation
- Willingness to learn ATO regulations, Australian laws, and strata scheme operations
- Openness to undergo training and professional development
- Willing to work on a remote set-up
- Willing to work on an AU Shift (7:00 AM – 3:00 PM MNL) from Monday to Friday
Description
We are looking for a detail-oriented Junior Accountant to provide comprehensive audit services for our Australian client. The ideal candidate will thrive in a dynamic, fast-paced work environment, demonstrating a strong ability to handle diverse financial responsibilities.
Responsibilities
> Financial Statement Audits for Strata Schemes:
- Audit Execution:
-Conduct audits of financial statements for strata schemes, ensuring compliance with bylaws, statutes, and ATO regulations.
-Verify documentation for asset and liability classes, and trace comparatives from prior years’ audit workpapers.
-Reconcile bank balances to statements, investigate variances, and review cash/real accounts.
-Analyze levy income, arrears, and advances against supporting documentation.
- Expenses & Accruals Review:
-Audit expenses through sampling and investigate significant budget vs. actual variances.
-Review year-end accruals (debtors, creditors, prepayments) and confirm subsequent payments/collections.
-Verify reversal of prepayments at the start of the subsequent financial year.
- Compliance Checks:
-Monitor GST registration requirements based on revenue turnover.
-Review deficit balances in funds held and check the ATO portal for outstanding lodgements (BAS/ITR), payables, or refunds.
> BAS preparation & Lodgment:
- Ensure accurate GST recording and review GST-free transactions.
- Reconcile GST variances (cash vs. accruals) and prepare BAS forms using both methods.
- Allocate GST payables/refunds between strata scheme funds.
- Validate bank details in the ATO portal.
> Client & Regulatory Engagement
- Collaborate with clients and the Client Relationship Manager (Caren Chen) to clarify audit findings in plain language.
- Resolve ATO/audit-related issues proactively with clients.
- Draft clear, concise audit reports with minimal jargon.
- Present research findings on regulatory updates (e.g., ATO rules, Acts) to peers.
Requirements
- Must possess at least a bachelor's degree in accountancy and is CPA-licensed
- Minimum of 1 year of experience with a local auditing firms
- Strong reading comprehension to interpret bylaws, statutes, and regulations
- Proficiency in resolving complex issues and communicating solutions succinctly
- Ability to conduct independent research and reconcile variances
- Strong interpersonal skills for client interactions and team collaboration
- Excellent written English for reports and compliance documentation
- Willingness to learn ATO regulations, Australian laws, and strata scheme operations
- Openness to undergo training and professional development
- Willing to work on a remote set-up
- Willing to work on an AU Shift (7:00 AM – 3:00 PM MNL) from Monday to Friday