Cargill Accounting& Finance/ RTR Finance Analyst in Kuala Lumpur, Malaysia
Accounting& Finance/ RTR Finance Analyst
Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience. We have 150,000 employees in 70 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work.
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 SGA analysis for business use.
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.
Statutory and Corporate Reporting
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.
Review RTR/ GL foreign currency revaluation and translation.
Investigate and reconcile GL- tax related account activity movement as required.
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.
Prepare and post journal entries as required for period close.
Perform BU or platform reporting as require.
To review monthly SGA and interest cost analysis performed by CBS before release to management.
To ensure all standard journal entries for SGA are entered timely every month.
To ensure all SGA cost capture accurately.
To analysis key SGA expenses variance such as T&E and other key variance.
Highlight and participate in cost saving initiatives
Review provision of tax and deferred tax computation prepare by CBS to ensure accuracy.
Balance sheet reconciliation review of related tax GL accounts to ensure movements are reasonable, provision is adequate.
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.
Responsible for withholding tax, tax deducted at source in Malaysia, ensure WHT payment is filed and paid properly.
GST – responsible for timely filing of GST return, adequate GST reconciliation and review are in place and reporting done.
GST – perform various GST reconciliation including periodic T&E expenses reconciliation, etc.
Champion and educate the business on GST requirements to ensure no noncompliance.
Other Tax matter
Responsible for retain and update of transfer pricing (TP) documentation. Malaysia’s transfer pricing regime is largely based on OECD guidelines. Documents pertaining to transfer pricing needs to be made available to the tax authority upon request. Collaborate and work with regional tax team on any TP matter.
Support the A&F leader on any other tax matter such as property taxes, stamp duty, excise, import export duty etc.
Support and coordinate on all IRB Malaysia & custom audit and review.
Ensure proper documentation retention in accordance to local tax law.
Tax incentives and special tax regimes
CPP enjoys a number of tax incentives in Malaysia, for example the tax free status at West Port.
Active manage and update on various tax incentives 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.
Timely update to A&F leader on any change and financial impact.
Keep abreast of Malaysia tax regimes change, update and communicate to A&F leader on any potential new tax savings opportunities.
Proactive communication to business stakeholders on existing and new tax incentive, regime and benefit.
International Taxes and cross border transaction
Support A&F leader in managing the US tax compliance, including the CFC (controlled foreign entity) rule, subpart F estimation, etc. answer tax queries from US headquarter.
Support A&F leader in assessment of tax implication for various trade flows and trading structure.
Liaise with Asia Pacific tax team on cross border tax transactions.
Collaborate and work closely with external tax agent on compliance matter.
Support the A&F leader in managing relationship with external tax agent.
SAP Key user
- Key person to receive SAP/ EA/ Kili related issue and be the first tier contact and solution provider.
Education, Experience & Skills
Accounting Degree or relevant experience
At least 3 years financial and management accounting experience.
Audit and tax knowledge.
Understanding of US GAAP.
Knowledge of Malaysia direct and indirect tax matters
Primary Location Malaysia-Kuala Lumpur-Kuala Lumpur
Job Type Standard
Shift Day Job
Req ID: KUA00320