Financial Shared Services Record to Report & Statutory Lead

AbbVie View all jobs

  • Makati City, Metro Manila
  • Permanent
  • Full-time
  • 9 days ago
Company DescriptionAbout AbbVieAbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas including immunology, oncology and neuroscience - and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at . Follow @abbvie on , , andJob DescriptionThe position is part of Financial Shared Services Record to Report organization (FSS-RTR). Finance Shared Services (FSS) is AbbVie's standardized global end-to-end back office processes that support operations and transactional business activities enabling our company to run. FSS-RTR works collaboratively across multiple delivery channels providing support in accounting and selected order to cash processes, serving as the chief accountant and is the liaison between the affiliates/ manufacturing plants and BPO, receiving guidance from our Center of Excellence (CoE).This position reports into the Accounting Manager, JAPAC at FSS and is responsible to support the US GAAP and Local statutory GAAP accounting and reporting processes for the assigned affiliates and will conduct for country. This position needs a person with 'can- do', hands on attitude and ability to work with multiple stakeholders, planning and execution of local statutory audits or any other statutory reporting requirements.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.
QualificationsSystems:
  • 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
Additional InformationAbbVie is an equal opportunity employer and is committed to operating with integrity, driving innovation, transforming lives and serving our community. Equal Opportunity Employer/Veterans/Disabled.US & Puerto Rico only - to learn more, visitUS & Puerto Rico applicants seeking a reasonable accommodation, click here to learn more:

AbbVie