09.07.2023
CPS-SG-Legal Entity Controller
1358 Pacific Refreshments Pte. Ltd.
Singapore, Singapore - Singapore
ASPAssociates degree
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Location(s): Singapore City/Cities: Singapore Travel Required: Relocation Provided: Job Posting End Date: Not Available Shift: Job Description Summary: The Coca-Cola Company is a 135+ years old total beverage company, offering over 500 brands in more than 200 countries and territories. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We’re also working to reduce our environmental impact by replenishing water and promoting recycling. With our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at Coca-Cola Journey at www.coca-colacompany.com and follow us on Twitter (@CocaColaCo), Instagram (@thecocacolaco), Facebook (@thecocacolaco) and LinkedIn. Position Overview: We are seeking a Lead LEC – ASP OU South East, leading Pacific Refreshment Pte Ltd LEC team for the legal entity finance activities. This is a Short Term Assignment (STA) for 5 months starting 15th May 2023 The Legal Entity Controller is primarily responsible for the end-to-end accounting and reporting of US and statutory financial statements of Pacific Refreshments Pte Ltd. In addition, this role is responsible for (a) identification and mitigation of strategic tax risks; (b) ensuring that tax incentive criteria are met; (c) establishing processes to ensure sustainable compliance with local tax regulations and local filing deadlines; (d) proactively managing accounting processes and routines at the legal entity to ensure compliance with US GAAP, IFRS and / or other local accounting regulations as well as company accounting policies; (e) safeguarding the resources of the company by enforcing internal controls company policies, and continuously improving them to ensure smooth operations of the business. This role partners and engages proactively with Senior Leadership, Corporate Stakeholders, EY, CPS and ASEAN South Pacific Operating Unit (ASP OU) clients, as well as strongly collaborates with Platform Services Finance Operations (PS Fin Ops) pillars, 3rd party services providers and other global peers to ensure a coordinated approach in managing business deliverables and processes. Ideal candidates will possess the following key skills for this position: strong depth of accounting knowledge, including US GAAP, IFRS; familiarity with the Company’s financial systems and infrastructure; deep knowledge of the Company’s governance and Standard Policies and Procedures (SPP); strong project management skills and ability to communicate effectively cross functionally as well as the capable leadership management skills. Responsibilities: Strategic Tax Planning, Mitigation Compliance Proactively work with CPS, ASP OU, Platform Services and Corporate functions to mitigate tax risks (direct and indirect taxes) and ensure no violation of tax regulations. Work closely with Plant Finance Manager, Corporate Tax LEC team to ensure that the pioneer incentive criteria are met and no violation of tax regulations. This includes presentation of status updates to the leadership teams. Ensure timely and accurate filings of tax returns (Corporate tax, GST, withholding tax and etc) and timely payment of taxes to local tax authority. In liaison with CPS, ASP OU, Platform Services and Corporate functions, engage tax counsel and external tax advisers and coordinate responses to all tax audits and queries within timelines agreed with or demanded by tax authorities. Collaborate with Legal and Corporate Secretary to ensure compliance with Companies’ Act and other local/ secretarial requirements. Manage compliance with transfer pricing regulatory requirements. Ensure timely and accurate filings of other statutory returns and surveys by local authorities (e.g. EDB surveys). Ensure that the digital grant criteria are met, ensure the completion of agreed-upon procedures and the successful submission of claims to local authority. This includes presentation of status updates to the leadership teams. Financial Reporting and Accounting Ensure timely and accurate filing of Local GAAP Financial Statements with no major findings. Prepare AGM and board documents for the filing of financial statements. Research and successfully communicate changes in IFRS and local accounting standards. Review and understanding of AICs and SPP in order to ensure that the financial statements are being properly reported in accordance with accounting and business policies. Review/ Approve journal vouchers for transactions originating from LEC team, CPS or ASP OU. Review the work performed by Genpact Controllership team and provide support to the team as necessary. This includes review of balance sheet reconciliations, various quarterly/annual reporting forms, journal vouchers, input into lease controller tool prepared by Genpact LEC. Troubleshoot when there are month end closing issues such as unresolved intercompany out of balance Collaborate with Corporate when there are changes in the business operations that necessitate changes in accounting entries. Monthly review of financial statements and variances, providing narratives when required and ensuring active follow-up as needed. Responsible for interacting as needed with other teams such as Accounting Research, Corporate Treasury, Corporate Tax, Controllers Group, EY and other Platform Services Tower. Audits, Control and Compliance Main liaison for US GAAP and statutory audits by local EY auditors and coordinate with other associates in the CPS, ASP OU, Platform Services and Corporate Functions. Support internal other audits by providing business explanations to transactions and queries as necessary. Updating of Platform Services - Controllership SOX documentation. Manage the implementation and periodic review of the LCOA, Release Strategies DOA. Others Develop Senior Accountant in handling audit, accounting, and tax issues. Provide support especially tax related inputs in Global Initiatives (such as global network cost allocation, Project Contour). Ensure the information in vendor master file is accurate. Ensure the information uploaded into the vendor account in SAP is accurate and comply with company procedures. Review and approve debit and credit notes, intercompany charges Work closely with Finance Manager/LEC team and corporate treasury to ensure the effective management of cash generated by PRPL including dividend remittances. Assist treasury team in maintaining the updated banking records and KYC by the financial institutions. What you bring to the table: B.A. in Finance, Accounting, Economics, Business or related fields of study 8 or more years related work experience, including experience in people management Accounting qualification from a recognised Accounting body (Chartered Accountant, ACCA, CIMA, CPA) Strong control and compliance background US GAAP, local GAAP /International Financial Reporting Standards (IFRS) knowledge Experience in manufacturing industry (MNC) Tax Planning and Compliance knowledge (both direct and indirect taxes) Experience in dealing with business issues with different (sometimes remote) stakeholders Soft Skills: Strong problem-solving skills and Strategic thinking; People driven and team player; Proactive and Independent; Good time management skills; Good communication skills and influencing skills. Core Competencies you bring along: Drives Innovative Business Improvements: Develops new insights into solutions that result in organizational improvements; promotes a work environment that fosters creative thinking, innovation and rational risk-taking. Balances Immediate and Long-Term Priorities: Seeks to meet critical objectives whilst considering the impact of those decisions and activities on the ability to achieve long-term goals. Delivers Results: Focuses on the critical few objectives that add the most value and channels own and others' energy to consistently deliver results that meet or exceed expectations Imports and Exports Good Ideas: Relentlessly seeks, shares and adopts ideas and best practices in and outside the Company and embraces change introduced by others. Develops and Inspires Others: Builds and maintains relationships that motivate, guide, and/or reinforce the performance of others toward goal accomplishments. Develops self and others to improve performance in current role and to prepare for future roles; seeks and provides feedback and coaching to enhance performance. Acts Like an Owner: Recognized as a catalyst for positive change and possesses a strong action bias. Demonstrates an ethos of “if it’s got to be, it’s up to me”; Demonstrates the values of The Coca-Cola Company through words, actions, and examples; fosters an environment that reflects the values of the company. What we bring to you: Iconic Innovative Brands: Our portfolio represents over 250 products with some of the most popular brands in the world, including Coca-Cola, Costa Coffee, Innocent, Simply, Fairlife  Topo Chico.  Expansive Diverse Customers: We work with a diversified group of customers which range from retail grocery outlets, theme parks, movie theatres, restaurant  Purpose Driven: Purpose driven approach that empowers our people to protect the environment and communities we serve while delivering safe quality products.    Global Connections: Allows you to develop, enhance and maintain global connections that allow us to move faster and learn from others.    Community of Belonging: We’re an organization that believes our ability to continually grow and build the right atmosphere where people feel safe and empowered, lets you bring your best self to work.    Our Purpose and Growth Culture: We are taking deliberate action to nurture an inclusive culture that is grounded in our company purpose, to refresh the world and make a difference. We act with a growth mindset, take an expansive approach to what’s possible and believe in continuous learning to improve our business and ourselves. We focus on four key behaviours – curious, empowered, inclusive and agile – and value how we work as much as what we achieve. We believe that our culture is one of the reasons our company continues to thrive after 130+ years. Visit Our Purpose and Vision to learn more about these behaviours and how you can bring them to life in your next role at Coca-Cola. Skills: Our Purpose and Growth Culture: We are taking deliberate action to nurture an inclusive culture that is grounded in our company purpose, to refresh the world and make a difference. We act with a growth mindset, take an expansive approach to what’s possible and believe in continuous learning to improve our business and ourselves. We focus on four key behaviors – curious, empowered, inclusive and agile – and value how we work as much as what we achieve. We believe that our culture is one of the reasons our company continues to thrive after 130+ years. Visit Our Purpose and Vision to learn more about these behaviors and how you can bring them to life in your next role at Coca-Cola. The Coca-Cola Company is a global community of passionate employees who are refreshing the world and making a difference every day. Innovation has been at the heart of our story since 1886. It goes beyond new flavors and brands. Learn more about our system and how we’re making an impact. We believe a diverse, equitable and inclusive workplace makes us a stronger and more innovative company. This includes supporting the financial and personal well-being of our employees. Learn more about our benefits. We empower each and every one of our employees across the globe to prioritize their career development by building capabilities, developing new skills, and leaning into new experiences. Learn how we provide support and clarity on defining your own career so you can thrive. We’re glad you’ve chosen to explore your next career opportunity with The Coca-Cola Company. Learn more about our hiring process and pick up tips on how to showcase your experience and skills so you can stand out and thrive.
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