Finance Officer

7 months ago

Jakarta, Indonesia IDP Education Ltd Full time

**IDP Education Limited is an ASX listed company that is 50% owned by 38 Australian universities and headquartered in Melbourne, Australia. IDP’s core business lines include student placement to Australia, US, UK, Canada and New Zealand institutions, English-language testing and training.**

**We are setting out to be the world's leading platform and connected international student community through building tons of new products to put our customers at the heart of everything we do.**

For over 50 years our global network of 93 offices has been helping students to achieve their goals through studying abroad. By pursuing a global education at the beginning of their careers, we help them experience life-changing opportunities. For more than 5,000 employees in more than 50 countries, IDP Education is a specialist employer of choice in major cities across the globe.

If you share our passion in helping people to pursue their dreams through education and thrive in an innovative agile digital culture then come and join us as we undergo our digital revolution.

**POSITION PURPOSE**

Finance Officer will be responsible for reporting, financial analysis, payments and tax reviews and month end close process for IDP Indonesia.

The role will also be tasked with involvement in process improvement.

The role works closely with Finance Manager (FM), IELTS team, Office Managers and Finance Shared Services (FSS) to fulfil duties.

Finance Officer will be responsible for reporting, financial analysis, payments and tax reviews and month end close process for IDP Indonesia.

The role will also be tasked with involvement in process improvement.

The role works closely with Finance Manager (FM), IELTS team, Office Managers and Finance Shared Services (FSS) to fulfil duties.

**RESPONSIBILITIES**

**_Accounting Operations _**

Ownership of the Indonesia office month end close process
- As key point of contact and coordinating with FSS for month-end process
- Calculating appropriate revenue and expense accruals and making adjusting entries where required and communicating to shared services for data entry.
- Recommend accounting operations process improvement opportunities to FSS and Finance Manager and implement agreed actions.
- Significant interaction and ability to solve issues collaboratively with shared services (India) or other global colleagues (SEA or Australia)
- Supporting Indonesia Office Payments/Accounts Payable (AP) process conducted by finance team as required.

Ownership of bank payment process:

- Check daily bank balance to ensure enough fund for office operations.
- Ensure all payment summaries are correct and to be paid on time.
- Provide payment details to bank payment authorizers for approval in HSBCnet.
- Liaise with HSBC on all banking transactions including dealing foreign exchange rate and maintain good relationship.
- Lifecycle asset control - supporting business cases to purchase, ensuring purchase deals are commercially sound and compliant to IDP policy, assets received, tagged, entered to Oracle register and regularly counted and staff follow policies to protect company assets
- Documentation of IDP Indonesia accounting operations processes, compile clear and effective process notes and diagrams to ensure knowledge retention and close co-operation and knowledge sharing with other SEA finance teams
- Support Finance Manager to review Indonesia operations SP revenue trends and billing activity. Working closely with multiple internal departments to resolve billing or revenue issues
- Support Indonesia operations IELTS activity by reviewing proposed agent contracts for commercial considerations and ensuring agent commissions are appropriately released in accordance with contract conditions
- Key Support to FM for IDP Indonesia financial audit, financial statements preparation and submission process working with third party auditors, regulators and internal stakeholders
- Review all local Indonesia office tax matters including but not limited to VAT, withholding tax, annual tax returns, employee yearly tax submissions are completed on time - working closely with tax consultant and PX.
- Support Finance Manager / Global IDP Tax with more complex tax issues, preparation of Corporate Income Tax.

**_ Compliance _**
- Prepare reports of LKPM, Central Bank, Tax Office and other liaison/submissions with appropriate government departments. Working with relevant internal IDP teams as required.
- Review tax reconciliation to ensure no late payments or filing.
- Support Finance Manager during audit process in providing data and responding to queries.

**_ Financial Reporting & Analysis _**
- Become OBI superuser (extracting financial and non-financial data from OBI) to support analysis. As a superuser, collaborate and support Indonesia team and at times wider SEA colleagues with data needs or advice.
- Assist local management with financial analysis (pipeline to APF, credit notes, staff expenses reviews, etc) an

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