Statutory Accounting Analyst

JOB PURPOSE/MISSION/SUMMARY: 

The COUNTRY ACCOUNTING AND REPORTING Specialist works to provide the following major tasks:​ 

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• Management of the general ledger function including key controllership in compliance with US GAAP​ 

• Month – end close activities 

• Balance Sheet Reviews​ 

• Country Detailed Reviews​ 

• Balance Sheet Reconciliation Preparation/Review 

• Effective, reliable and timely compliance of statutory reporting requirements ​ 

• Audited Financial Statements ​ 

• Income Tax Returns​ 

• Statistical Reporting 

KEY ROLES & RESPONSIBILITIES / KEY JOB FUNCTIONS: 

US GAAP ACTIVITIES  

• CLOSE ACTIVITIES & BALANCE SHEET REVIEWS 

• PRE-CLOSE ACTIVITIES 

CART Controls Checklist  

              - review of trial balance 

              -note business drivers and reportable transactions during the check 

              -follow-up through resolution of issues/open items  

Pre-close Integrity Check Debit Credit Validation  

• MONTH END CLOSING ACTIVITIES 

CART Controls Checklist   

              -review of trial balance for significant movements 

             -check critical accounts, sufficiency of accruals, note for extraordinary transactions 

OPEX Review  

             -run through the income statement for significant movements 

Close Integrity Check Debit Credit Validation  

REPORT PREPARATION/ANALYSIS  

              -collect all financial information from the functions 

              -conduct Balance Sheet Flux analysis 

• verify and reconcile data 

• find period to period difference in values  

• note significant variance 

• be able to explain – what changed? why it changed? 

-Balance Sheet Package preparation 

-Balance Sheet Review call 

COUNTRY DETAILED BALANCE SHEET REVIEWS  

• Conduct balance sheet analysis on an entity level which is a method used for assessing the accuracy and reliability of the balance sheet accounts through variation analysis and analytical review of the nature and content of the accounts 

• Complete the elements of the package which include balance sheet fluctuations (summary & drillable), account details, open item management account aging, balance sheet reconciliations, debit/credit validation, action items 

STATUTORY ACTIVITIES 

• Support the management of the completeness and reasonable reliability of financial data as well as in assisting, analyzing and approving activities and documents integral to both the statutory financial statements and the country income tax reporting process in order to conform compliance with local statutory regulations and filing deadline requirements. Highlights of the process include: 

Quarterly review of exceptional items ​ 

Yearly calendar/planning​ 

Request lists preparation (for statutory package, for audit, for CIT return)​ 

Preliminary controls​ 

Statutory WB v1 preparation​ 

Central audit fieldwork​ 

Country specific statutory adjustments and Statutory WB v2 release​ 

Local audit fieldwork​ 

Statutory WB v3 release​ 

Corporate income tax computation​ 

Statutory Financial Statement package preparation​ 

Local audit finalization/Audit report release​ 

Legal approvals​ 

FS and CITR filings  

COMPETENCIES, SKILLS, KNOWLEDGE & ABILITIES: 

Technical skills 

• Working knowledge of accounting principles, standards and techniques under US GAAP and IFRS 

• Displays eagerness to learn new accounting standards and principles  

• Shows curiosity and ongoing drive to better understand financial transactions to be able to relate them with the current situation of the company’s operations 

• Working knowledge of and hands-on experience in MS Office programs, SAP and other necessary tools/applications required to perform the role 

Critical thinking and problem-solving skills 

• Demonstrates ability to resolve diverse problems/ issues 

• Possesses ability to comprehensively analyze and interpret policies, procedures and situations in a multifaceted way 

Analytical skills 

• Possesses ability to interpret financial information and corroborate various information to ensure accounting treatment is accurately and timely recorded in our books, which will ultimately help stakeholders make sound financial decisions 

High attention to details and organizational skills 

• Organizational and time management skills sufficient to independently establish priorities & coordinate and complete competing assignments within established timeframes 

• Ability to plan activities and programs such as meetings, audit kick offs, calendars, status updates 

• Ability to make timely follow-through 

Communication skills 

• Ability to communicate clearly, and explain to stakeholders, peers or relevant teams’ specific tasks or goals 

• Effective presentation skills 

People skills 

• Ability to relate to others and their position or viewpoint 

• Open to collaborate with different teams 

EDUCATION, EXPERIENCE & CERTIFICATIONS BASIC REQUIREMENTS: 

• Graduate of BS Accountancy or any related accounting course. Preferably a CPA 

• Relevant and related working experience minimum of 3 to 5 years in audit or general ledger/ financial reporting.