Financial Shared Services Record to Report & Statutory Lead

Key Responsibilities

R2R Responsibilities

• Maintain US GAAP and local ledgers including the preparation and/or review of related journal entries and reconciliations
• Prepare and review financial and accounting analysis involving complex transactions including but not limited to general accounting, fixed assets, intercompany and financial reporting activities/transactions
• Prepare and provide to Finance Director/s variance analysis between actual and planned financial data
• Provide accounting treatment in line with Group policies for Affiliates
• Produce and review management and statutory reports with affiliates
• Provide BPO with a guidance for resolution of accounting issues
• Coordinate Statutory/Fiscal Reports process with 3rd parties
• Drive and co-ordinate the financial close process for the affiliate or cluster of affiliates
• Complete transfer pricing and costing activities in accordance with company and local requirements
• Prepare affiliate Balance Sheet, DSO, Entity planning and Non Promo budgeting and to provide monthly variance commentary as needed

Statutory Accounting Responsibilities

• Preparation of statutory financial statements including notes to accounts
• Participate/ review US GAAP month close process with primary focus to identify adjustments necessary for local GAAP:
  • Regular reconciliation of US and local GAAP ledgers to ensure integrity of data
  • Perform local GAAP adjustments
  • Identify and perform adjustments needed for additional disclosures (T&E, Payroll benefits etc)
  • Maintain local GAAP balance sheet reconciliations
  • Conduct balance sheet reviews periodically
  • Prepare and distribute reports to key contacts
• Interpret and roll out local accounting policy/standards
• Prepare Standard Operating Procedures & Flow charts to ensure local GAAP requirements are documented and necessary processes are in place.
• Co-ordinate Statutory audits:
• Support Finance Director in execution of local statutory audits
• Plan and co-ordinate audit schedule with external auditors, service providers (if any) and internal departments
• Execute audit plan by ensuring timelines are met.
• Establish escalation protocol, monitor and report audit progress.
• Manage the Statutory calendar
• Support the process of local tax provision calculation and income tax return
• Miscellaneous reporting filings (e.g. statistical reporting)

Tax Responsibilities

• Work closely with third party service providers and Tax Centre of Excellence to plan and support tax compliance activities
• Communicate compliance timetable and deliverables to all stake holders
• Ensure inputs required for tax return preparation are received, reviewed and submitted timely.
• Follow-up on any missing information, perform defined checks and reconciliations
• Track adjustments needed based on filed returns, perform journal entries to ensure ledger balances tie to returns
• Investigate issues encountered during return preparation, identify and fix process / system gaps
• Ad hoc assistance on VAT related matters (audits, questions tax authorities, tax coding questions, ad hoc checks and reconciliations)
• Oversee and track tax payments & receipts to avoid delays to avoid financial and reputational risk.

Qualification & Requirements

Systems

• SAP
• Hyperion
• Reconciliation Tool (desirable)
• MS Office

Business Knowledge

• Chart of Accounts
• Sox Policy
• Intercompany Transaction Policy
• Treasury Policy and Banking Systems
• Business Process, Corporate Policy (compliance & completeness)
• Financial Data Flows
• Understanding end to end process for P2P, R2R, and OTC.

Technical Knowledge

• Advanced Accounting
• Financial Statement Analysis (variance analysis)
• Cost/Inventory Accounting
• US GAAP and/ or IFRS

Requirements

• Bachelor’s degree in Finance or Accounting. ACCA, CPA, CIMA or equivalent qualifications is a plus.
• 8-10 years of progressive experience in accounting, planning and financial analysis
• Experience in credit and collection, including credit analysis, cash management, and credit insurance is desirable
• Experience with SAP is a must
• Strong analytical, problem solving and interpersonal skills
• Strong written and verbal skills enabling effective communication with all levels of management
• Individual must be self-motivated with great follow-up skills and be able to work independently
• Excellent stakeholder management skills are required
• Ownership and strong drive in an independent tasks execution
• Experience in pharma industry would be an asset
• Strong organizational skills required to coordinate and manage multiple cross divisional work process and projects
• Experience with continuous improvement projects and practical application of CPI methodologies (Lean, Six Sigma) would be an asset

Benefits

No information available.