Financial Accountant at Samsung Electronics

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