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Job Description

Job purpose/summary

The Senior Corporate Accountant has primary ownership of all Finance activities in relation to the Australian business. Working closely with the Australian COO and regional finance team located in HK. One of the key objectives of this role is to represent the Australian business on all finance related matters & to work closely with both local & regional stakeholders.

In addition to managing the day-to-day Finance team deliverables, key areas of coverage include (but are not limited to):

• Corporate accounting and financial reporting - ownership of the corporate accounting activities and ensure the overall result accuracy, including activities that are outsourced to any 3rd parties service vendors and/or offshored to Invesco affiliates. The role is also responsible for the oversight and managing the service delivered by the outsourced/offshored parties. Overall responsible to design and maintain an effective control on accounting process.
• Taxation – ensure all taxation requirement are fulfill on time.
• Regulatory reporting – ensure all regulatory obligations are met and on time.
• FP&A activities – budgeting and forecasting, Asset Under management report (AuM) and business analysis.
• Payroll activities – partnering with HR for monthly/yearly payroll related activities.
• Other activities – any ad hoc activities from time to time.
• Keeping abreast of legislation and regulatory changes that may impact finance function and implement changes as required.

Key Responsibilities

• Day-to-day management of one direct report, Accountant for the local business.
• Providing financial reporting & analysis to local Senior Management including monthly Finance Dashboard, preparation of related expense budgets & assist in the development of sales forecast targets.
• Liaising with global teams to coordinate & prepare finance / management reporting to satisfy regional APAC Finance, Group Tax and Compliance requirements.
• Preparation of Annual Statutory Accounts for the Australian consolidated group including liaising with our Corporate Auditors (PWC) to co-ordinate annual engagements & specific accounting matters such as (but not limited to) goodwill impairment testing, equity accounting for local investments & IFRS adjustment on employee share-based payments.
• Review of Hyderabad and US performed activities such as Revenue Accruals and invoicing including for IRE Australia, expense accrual, intercompany settlements and Oracle GIS function.
• Month end journal posting and reconciliation procedures such as ARCS reconciliations.
• Oversight of month end close procedures to ensure tasks performed by group finance teams (located in Hyderabad and the US) are accurate.
• Oversight of management fee calculations, fee rebates and cost recovery schedules for the Invesco Fund range.
• Monthly AUM, revenue, new business and Sales Incentive Plan (SIP) reporting.
• Responsible for the implementation of adequate process & procedures to ensure prudent financial controls and oversight is maintained at all times.
• Responsible for the preparation of finance reporting to the Australian Board cash flow forecasts, net tangible asset (NTA) monitoring and other presentation materials.
• Preparation of the annual tax filings & supporting documentation for the Australian consolidated tax group , including liaison with our Tax Advisers (E&Y) and Invesco Group Tax colleagues. Tax reporting includes Corporate Tax Returns & related Transfer Pricing requirements (i.e.. International Dealing Schedule (IDS), Base Erosion and Profit Shifting (BEPS), Country by Country Reporting (CbCR), Hybrid Tax rules & Pillar 2 considerations).
• Preparation and lodgement of FBT Return, Workcover, Payroll Tax and Employee Share Scheme tax lodgements.
• Prepare and maintain Oracle outputs for the Cash Management modules.
• Monthly and year end payroll process including entering the pay data, leave records, annual bonus, pay rises, super and payroll report checking to ensure the role and responsibilities performed by AussiePay (outsourced payroll provided) are completed as required. Responsible for ad-hoc payroll matters i.e. termination worksheet for leavers, TEC (Total Employment Cost) split changes for relevant staff in response to annual minimum superannuation changes.
• Ancillary tasks as requested such as ABS Returns, Life Insurance remuneration/other updates and Compliance reporting to RMC (Risk Management Committee) including quarterly KPI’s (Key Performance Indicators).
• Keeping abreast of legislation and regulatory changes that may impact finance function and implement changes as required.
• Other Ad hoc duties as required.

Formal Education

• Relevant tertiary qualifications in a Finance or qualified ACA or CPA.

Work Experience / Knowledge

• At least 7 - 10 years’ experience in the asset management industry.

Skills / Other Personal Attributes Required

• Strong financial management
• Excellent problem-solving and analytical skills
• High attention to detail
• Good planning, organisation and time management skills
• Strong listening, verbal and written communication skills
• Microsoft office Suite proficient, particularly in Excel
• Strong stakeholder management skills
• Pro-active mindset who uses initiative and is able to work independently
• Strong work ethic, High work standards and accountable
• Works well under pressure and able to meet strict deadlines
• Able to work without direct supervision.
• Able to exercise judgement and make good decisions concerning the resolution of issues.
• Professional at all times.

Full Time / Part Time

Worker Type

Job Exempt (Yes / No)

Workplace Model

At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least four days a week, with one day working outside an Invesco office.