Group Consolidation Accountant

Lumina Advisory & Global Search is a leading consultancy firm specializing in executive search and strategic advisory services. With a global presence, Lumina is committed to delivering exceptional value to its clients by providing tailored solutions and insights. The company prides itself on its innovative approach and dedication to fostering long-term partnerships with businesses across various industries.

KEY RESPONSIBILITIES

Group Consolidation & Financial Reporting

• Prepare monthly, quarterly, and annual consolidated financial statements in accordance with SFRS(I) / IFRS.

• Perform intercompany eliminations, reconciliations, and balance confirmations across group entities.

• Prepare consolidation journals, minority interest calculations, and goodwill/PPA schedules.

• Maintain and update the group consolidation workpapers and reporting templates.

• Support the preparation of management reporting packs for senior leadership and the Board.

Statutory & Regulatory Compliance

• Assist in the preparation of entity-level statutory accounts for Singapore and overseas subsidiaries.

• Coordinate with local finance teams and external auditors across multiple jurisdictions.

• Support year-end audit processes, including preparation of audit schedules, flux analysis, and auditor queries.

• Monitor compliance with filing deadlines across entities (ACRA, IRAS, and overseas equivalents).

Intercompany & Treasury Support

• Maintain intercompany loan schedules, interest accruals, and related-party disclosures.

• Support intercompany recharges, transfer pricing documentation, and reconciliation of intercompany accounts.

• Assist with foreign currency translation and revaluation entries.

Entity Accounting

• Maintain full accounting records for the Group's Singapore-incorporated investment holding company.

• Process and reconcile intercompany transactions, including management fees, recharges, intercompany loans, and dividend entries.

• Maintain the fixed asset register and process depreciation journals for the entity.

• Process and reconcile Singapore payroll entries for employees, including CPF contributions and related accruals.

• Prepare monthly management accounts and balance sheet schedules.

• Liaise with the corporate secretary, auditors, and tax agents based on statutory and compliance requirements.

Systems & Process

• Work with the ERP system (Microsoft Dynamics 365 Business Central) to extract and validate financial data.

• Support process improvements and standardisation of reporting across group entities.

• Assist in onboarding new entities into the group reporting framework.

REQUIREMENTS

Experience & Qualifications

• Degree in Accountancy or Finance; CPA (Singapore), ACCA, or equivalent professional qualification preferred.

• Minimum 5-7 years of relevant experience, with at least 3 years in a group consolidation or group reporting function.

• Prior experience in a Big 4 audit firm is preferred.

• Prior experience in a manufacturing environment (precision engineering, medical devices, or related industries preferred).

• Experience with Singapore-listed companies or other listed group structures (ASX, Bursa Malaysia, HKEX, etc.) is an advantage.

• Familiarity with ERP systems; experience with Microsoft Dynamics / Business Central is a plus.

Technical Skills

• Strong technical knowledge of SFRS(I) / IFRS, particularly standards relevant to consolidation (SFRS(I) 10, 3, 1-21, 1-36).

• Proficient in Microsoft Excel (pivot tables, VLOOKUP, financial modelling); experience with consolidation tools is an advantage.

• Ability to handle multi-currency consolidation and foreign exchange accounting.

• Familiarity with intercompany elimination and related-party transaction accounting.

Personal Attributes

• Detail-oriented with a strong sense of ownership and accountability.

• Able to work independently and manage multiple deadlines across entities and time zones.

• Good communication skills for liaising with local finance teams, auditors, and regional stakeholders.

• Organised, process-driven, and comfortable in a fast-paced, growth-oriented environment.