Financial Accountant

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Company Details
Industry: Telecommunications
Description: Samsung Electronics Co., Ltd. is a South Korean multinational electronics company headquartered in Suwon, South Korea. Due to some circular ownership, it is the flagship company of the Samsung chaebol, accounting for 70% of the group's revenue in 2012.
Job Description

The ideal candidate should have a solid background in finance and accounting preparation, planning, financial reporting, and excellent analytical skills.

Key duties & Responsibilities;

Finance & Accounting Management

  • G/L Management – PL & BS management (open items, overdue items, timely and accurate posting, possibility of duplicate payments
  • A/R Management – AR aging, information management, bad debt AR management, top 10% management, AR reconciliations, inter-subsidiary AR/AP reconciliation
  • Credit Management – Credit rating, LC management, Customer hedging, credit determination.
  • A/P Management – Vendor registration, AP terms and payment, approvals
  • F/A Management – Cost centre allocation, transfers, scrap, class change, impairment and depreciation management, tax WTD calculation
  • Closing – Periodic cost posting Depreciation, accruals, AR/AP netting), PL verification and BS balance validations

Service Support

  • Service administration - Claim and compensation support, service performance management, warranty claim and cost management
  • Parts operation - parts AR and credit management, parts logistics and cost performance and management

Tax Management

  • Designing and implementing a suitable tax management process for the organization, which includes an analysis of the financial impact on the company on all tax issues.
  • Manage tax provision and tax compliance process
  • Follow industry trends and track changes related to taxes.
  • Conducting policy and compliance audits, which will include liaising with internal and external auditors.
  • Tax audit processes and procedures and develop risk management controls and systems
  • Prepare reports and present recommendations
  • Develop and implement best practice standards and secure sustainable effectiveness of operational controls on tax issues
  • Establishing and maintaining the tax risk framework and operating procedure
  • Monitor and report on the implementation of tax recommendations and compliance with statutory and contractual obligations.

Knowledge; Skills and Experience required for this Role

  • BSc in Business, Finance or a related field
  • Proven experience in Finance & Accounting Management
  • Tax Experience working for the Big 4 Audit Firms will be an added advantage
  • Knowledge of overseeing tax and compliance issues
  • Creative / analytical thinking, problem solving
  • Ability to understand broader business issues
  • Planning and organizational skills
  • Communication and presentation skills
  • Proven experience in developing structured plans and processes
  • In-depth knowledge of ERP such as SAP HANA 4
  • Knowledge of Data Protection Laws
Education: Degree, Diploma
Employment Type: Full Time
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