Accounting & Reporting Senior Analyst

Position Purpose & Summary

• Responsible for GEOS Malaysia’s 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 Cargill assets and value.
• One of the key liaison with finance shared service center (CBS) to ensure completeness and timely fulfillment of SLA in relation to financial reporting areas.
• SAP key user to represent ROAP Malaysia finance team.
• Initiate continuous process improvement ideas and work towards implementation.

Principal Accountabilities

Statutory and Corporate Reporting (20%):
• Key liaison with CFR related process which include reporting, cost allocation, tax, policy related matters etc.
• To review CBS 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 ( inclusive of non GEOS BU ledgers) are kept and managed timely and accurately
• To assist RTR Manager to handle CPP’s annual audit and other statutory reporting requirement.
• Key person to coordinate annual statutory audit for all CPP includes as key liaison with external auditors.
• Review balance sheet of CPP 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 of CPP to ensure the records are captured correctly
• Preparing monthly BU financial book information.

GL Accounting & PnL Analysis (30%):
• Review GL entries posted by CBS 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 CBS, 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 CBS 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. 
• CPP enjoy a number of tax incentives in Malaysia. He/ she needs actively manage and update on various tax incentive status of CPP including ensuring validity, re-application/ renewal are 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.

Required Qualifications:
• 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.

Preferred Qualifications:
• Understanding of US GAAP.
• Knowledge of Malaysia direct and indirect tax matters.