Division Manager – Accounting General Ledger (Subsidiary)

Lotus's (Bueng Kum)

Bueng Kum

Bangkok, Thailand

At Lotus's, we get up every morning and questioned ourselves daily on how we can serve our customers better. Lotus’s is an omni-channel retailer in Thailand, with a commitment to providing great quality products at affordable prices, while doing good things for our customers, colleagues, and communities. We serve customers through our network of more than 2,000 stores nationwide and online platforms, with more than 10.8 transactions made per week. We strive to cater to the ever-changing lifestyles of our customers, with a goal to deliver convenience and a seamless shopping experience anywhere anytime.

About this position

The Division Manager – Accounting General Ledger (Subsidiary) is responsible for overseeing the accuracy and completeness of transaction records, managing month-end closing processes, and ensuring compliance with accounting policies. This role involves collaboration with various stakeholders to maintain financial integrity and support audit processes.

Responsibilities

• Lead and ensure the accuracy and completeness of all transaction records across departments.
• Take ownership of month-end closing processes and ensure adherence to timelines.
• Maintain strict compliance with CPAxtra’s accounting policies and procedures.
• Oversee the preparation of financial statements (Balance Sheet, Profit & Loss, Cash Flow, and Notes to Financial Statements) in line with PAE standards and regulatory requirements.
• Monitor actual spending against approved budget.
• Conduct regular impairment tests on investments (quarterly) and ensure proper reporting.
• Act as the primary liaison with related companies and ensure smooth communication and reporting.
• Collaborate with CPAxtra to ensure all financial transactions are accurately recorded and processed.
• Partner with external and internal auditors to address any queries and ensure a smooth audit process.
• Supervise and ensure the accuracy of transactions within the child company (Happitat) and coordinate month-end closings to meet timelines.
• Oversee the verification and posting of vendor invoices.
• Manage payment schedules and execute payment transactions with attention to detail.
• Ensure accurate reconciliation within the AP & AR modules in line with Thai Accounting Standards and Tax Regulations.
• Lead monthly bank reconciliations and resolve discrepancies.
• Supervise receivables (if applicable), monitor collection efforts, and ensure proper reconciliation.
• Ensure the accurate application of VAT and tax regulations across all transactional activities.
• Manage all aspects of tax compliance (WHT PND3, 53, 54, VAT, PP 30, VAT PP36).
• Supervise the reconciliation of Suspense VAT to ensure the correct balance and details are reported in the ERP system before submission to the Revenue Department.
• Work closely with CPAxtra to stay updated on tax regulations and maintain consistent practices.

Requirements

• Bachelor’s degree or higher in Accounting; CPA certification is an advantage.
• At least 7 years of experience in auditing and accounting, with a strong focus on financial management and reporting.
• Advanced understanding of Thai Accounting Standards (TAS) and Tax Regulation (TRFS).
• Significant experience in managing General Ledger (GL) and accounting functions within a mid-to-large enterprise accounting system.
• Expertise in retail, FMCG, or multinational business environments is a plus.
• Proven track record of working under pressure, meeting tight deadlines, and managing multiple stakeholders.
• Demonstrated leadership skills in managing teams and fostering effective working relationships across departments.
• Strong communication skills, both oral and written, with an ability to interact at all levels.
• Positive attitude, resilience, and ability to thrive in dynamic, fast-paced environments.
• Self-motivated with the ability to work independently and take initiative.