Senior Accountant - Intercompany

JOB PURPOSE

The Intercompany Senior Accountant owns the end-to-end accounting for intercompany transactions across MAGRABi's group entities, ensuring balances are reconciled, cleared, and classified in line with group accounting policy and IFRS. The role coordinates with finance, treasury, tax, and operations teams across markets to resolve discrepancies and settle balances on time, and calculates intercompany interest in line with agreed terms and arm's length principles. It contributes to the General Accounting team's results by keeping intercompany positions clean, auditable, and reportable at every close.

Qualifications and Education:

• Bachelor's degree in Accounting, Finance, or any relevant degree.

• Strong knowledge of IFRS, particularly intercompany and transfer pricing concepts.

• Strong knowledge of general ledger activities and their integration with intercompany processes.

• Proficient in SAP or another major Enterprise Resource Planning system.

• Advanced Microsoft skills (e.g., Excel, PowerPoint) and strong analytical thinking.

• Strong communication and coordination skills across departments and regions.

Experience:

• 3 - 5 years of accounting experience, with at least 2 years in intercompany accounting.

• Experience in the retail industry is a plus.

JOB RESPONSIBILITIES

• Own and perform the monthly intercompany reconciliation cycle across group entities, ensuring all balances are matched, cleared, and settled on time.

• Classify and post intercompany transactions accurately and consistently with group accounting policies.

• Coordinate with local and international finance, treasury, tax, and operations takeholders to investigate and resolve discrepancies and agree settlements.

• Analyze intercompany balances and prepare trend and variance reports to support financial reporting and decision-making.

• Calculate interest on intercompany loans in line with agreed terms and arm's length principles, and ensure compliance with IFRS requirements on intercompany transactions and disclosures.

• Support the month-end and year-end close by posting required journal entries and preparing the monthly accruals and prepayments schedules.

• Maintain complete documentation and audit trail for all intercompany activity in SAP and respond to internal and external audit requests.