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Senior Analyst, Accounting Reporting

Job Title: Senior Analyst, Accounting Reporting
Contract Type: Permanent
Location: Kuala Lumpur
Industry:
Salary: RM7,000-RM9,999
Contact Name: Christine Ow Yong
Contact Email: christine.owyong@ellwoodconsulting.com.my
Job Published: September 25, 2019 10:37

Job Description

About our client 

Our client provides food and agriculture products and services to the market. 

 

About the role 

  • Responsible for Malaysia’s Edible Oils segment both statutory and corporate reporting requirement and maintenance of accounting records.

  • To ensure accounting records are maintained in compliance with corporate and regulatory policy.

  • Ensure tax compliance (both direct & indirect tax) and proper tax accounting for tax entries and implication explained in PNL.

  • Responsible for reviewing P&L analysis for business use and preparing yearly budgeting.

  • To coordinate with management reporting team to provide necessary management information report to support the business needs.

  • To assist financial reporting manager to ensure a strong system of internal controls and risk management are in place to safeguard and preserve Company assets and value.

  • One of the key liaisons with finance shared service center to ensure completeness and timely fulfillment of SLA in relation to financial reporting areas.

  • SAP key user to represent Malaysia finance team.

  • Initiate continuous process improvement ideas and work towards implementation.

 

Your responsibilities 

Statutory and Corporate Reporting (20%)

  • Key liaison with Corporate Financial Reporting related process which include reporting, cost allocation, tax, policy related matters etc.

  • To review finance shared service work on all monthly, quarterly, annual reporting requirement such as web schedules are submitted on time and accurately.

  • Responsible to prepare annual reporting requirement for statutory and corporate requirement such as audit and tax computation.

  • Key expertise on currency reporting of Method 1, including revaluation and translation proof.

  • To work with management reporting team to reconcile and complete the monthly finalization of PL and BS for US GAAP timely, completely and accurately.

  • Ensure all local GAAP, BU management reporting, related profit centers reporting is kept and managed timely and accurately.

  • To assist RTR Manager to handle annual audit and other statutory reporting requirement.

  • Key person to coordinate annual statutory audit includes as key liaison with external auditors.

  • Review balance sheet every month and ensure compliance with Policy 42.

  • Ensure all reporting to regulatory agency e.g. BNM, MIDA, statistic department are submitted timely and accurately.

  • Regular review of financial reports to ensure the records are captured correctly.

  • Preparing monthly BU financial book information.

GL Accounting & PnL Analysis (30%)

  • Review GL entries posted by finance shared service to ensure accuracy.

  • Investigate and reconcile GL movement as required.

  • Approve PID in SAP and summarized the oil gain/ loss to BU.

  • Review BS recon prepared by finance shared service, advice for any action or follow up.

  • Support RTR data maintenance and record retention, both system and hard copy data.

  • Perform GL accounting activities as assigned by RTR team leader, including but not limited to financial reporting tasks.

  • Perform BU or platform reporting as require.

Yearly Budget (10%)

  • Gather information from all BU, review together the number for budget preparation.

  • Highlight and participate in cost saving initiatives.

Tax Compliance – Direct & Indirect (30%)

  • Review provision of tax and deferred tax computation prepare by finance shared service to ensure accuracy.

  • Work with A&F leader on tax implication in PNL, including calculation of effective tax rate, tax adjustment, etc.

  • Corporate tax – optimize the tax effectiveness by maximizing the tax incentives and regulated tax rules e.g. TLCF, CA, deductibility, interest restriction, etc.

  • Transfer Pricing – involve in trade flow discussion to ensure TP concern are addressed in the planning of the new trade flow and compilation of supporting documents for tax audit.

  • US Tax – optimize the tax efficiencies of US tax (corporate, subpart F) by removing the hurdles of US tax threshold.

  • Work with A&F leader on periodic income tax estimation, including but not limited to setting up of income tax provision, deferred taxation, and relevant tax accounts.

  • Work with external tax agent on corporate income tax compliance matter, including but not limited to annual self-assessment, monthly tax instalment, annual tax return preparation (consolidation of tax schedules, etc.) answering queries, etc. 

  • The business enjoy a number of tax incentives in Malaysia. He/ she needs actively manage and update on various tax incentive status including ensuring validity, re-application/ renewal is done timely.  Ensure documentation support are retained and updated as per the special tax, regime requirement.

  • Keep abreast of Malaysia tax regimes change, update and communicate to A&F leader on any potential new tax savings opportunities.

  • Support and coordinate on all IRB Malaysia & custom audit and review.

  • GST/ SST – responsible for timely filing of return, adequate reconciliation and review are in place and reporting done. Champion and educate the business on GST/ SST requirements to ensure no non-compliance.

  • WHT – reviewing and highlight if any non-compliance.

SAP Key user & Initiate Continuous Process Improvement (10%)

  • Key person to receive SAP/ EA/ Kili related issue and be the first-tier contact and solution provider.

  • Working with IT on Change Request (CR) for continuous improvement initiatives.

  • Initiate process improvement on day to day activities.

 

You will have

  • Qualified Accountant with professional bodies like ACCA/ CPA/ MIA etc.

  • Accounting Degree or relevant experience.

  • At least 7 years financial and management accounting experience.

  • At least 3 years of audit and tax experience.

  • Good to have understanding of US GAAP, Malaysia direct and indirect tax matters.