Accounting Supervisor

LyondellBasell Polymers (Malaysia) Sdn. Bhd.; Kulai; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading polymer manufacturing company in Kulai, Malaysia, is seeking an experienced Accounting Supervisor to ensure compliance with financial reporting standards and local regulations. The candidate will prepare financial statements, support tax filings, and oversee internal controls while collaborating with various teams. Ideal candidates will have a degree in accounting or finance and relevant professional qualification, along with expertise in US GAAP and IFRS. This is an excellent opportunity for a proactive and knowledgeable accounting professional.

Benefits

Health insurance

Performance bonuses

Career development opportunities

Qualifications

• Proven experience in financial accounting with knowledge of local GAAP.
• Experience coordinating audits and financial statement preparation.
• Strong knowledge of tax regulations and compliance.

Responsibilities

• Prepare and maintain annual reconciliation of accounting standards.
• Lead automation initiatives for financial audit processes.
• Coordinate with teams to ensure timely financial audits.

Skills

Financial accounting expertise

Knowledge of US GAAP and IFRS

Tax compliance knowledge

Analytical skills

Communication skills

Education

Degree in Accounting or Finance

Professional accounting qualification (e.g. CPA)

Tools

SAP

Microsoft Excel

Job description

Responsibilities

Ensure through reporting and governance that financial accounting is in accordance with Corporate Accounting Policies (US GAAP and IFRS), and local GAAP.

Review postings and adjustments required for accurate and complete preparation of financial statements in accordance with the Corporate Accounting Policies (US GAAP and IFRS).

Prepare and/or review local GAAP postings and adjustments required for accurate and complete preparation of the statutory financial statements in accordance with local GAAP in monthly closing.

Prepare and maintain annual reconciliation of US GAAP / IFRS / Statutory GAAP differences with detailed supporting.

Take ownership of accounting records of legal entities for which this position is responsible.

Support the corporate initiative of Environmental, Social and Governance (ESG) Reporting when required.

• Prepare statutory financial statements in accordance with local GAAP.
• Coordinate with other transactional teams, namely, AP, AR, Inventory Accounting, Fixed Asset Accounting and General Accounting and other functions to collect and organize information/data for annual audit.
• Review audited financial statements, audit adjustments and management report.
• Ensure local statutory financial statement (audited report) filing requirements are being met within local deadlines.
• Lead and support any automation of statutory financial audit initiatives.

Legal Entity Governance

Perform legal entities’ Balance Sheet review and Flux analysis (i.e. freight, margin, HQ recharges).

Facilitate and support other functional departments to fulfill government and other local financial reporting obligations to meet local compliance requirement.

Advise, monitor and coordinate dividend distributions.

Facilitate the signoff of Representation Letter – country view.

Internal Controls

Ensure through oversight that adequate preventative and detective controls exist and operate effectively as designed. Ownership of internal control designed at country/region level.

Oversee the clearing of any audit or controls findings by coordinating with other Finance functions as applicable.

Work with internal team to drive for improvement in corporate governance measures.

Observe and address any non-compliance of DoA policy for rectification during finance operations to ensure proper compliance of company DoA policy.

Collaborations

Business (manufacturing, commercial and other functions) go-to person to provide advice and support to site management for any initiatives which have financial impact in both Senai and Batu Pahat sites.

Partner with the other accounting transactional teams to ensure accounting records are accurate and complete.

Provide accounting guidance, advice and approvals to FS&T teams, as necessary.

Provide input and support for SAP enhancements and projects relating to RTR; lead implementation when required.

Liaise with the external auditor and other external third parties with reference to audits and other procedures to be performed.

New business/JV Supports – actively participate in any new business projects with the provision of financial and internal control consultation and support to the project team. Take the leadership role to drive for the readiness of different finance and accounting transactional teams to provide on-going financial support for new start-ups.

Assist FP&A and Business Services in compiling annual fixed cost budget and subsequent FCR (Actual vs Budget) and cost controls.

Manufacturing Controlling & Analysis

Being an active business partner for the Regional Manufacturing Director(s), site managers and other functional managers of manufacturing sites, FP&A Team, the BDA Team, the Internal Controls Team and Internal Audit Team.

Encompasses all things accounting-related for the respective Sites of responsibility, having a helicopter-view on but also including accounting activities; manufacturing fixed and variable cost analysis, manufacturing and corporate reporting, as well as additional core and ad-hoc functions for various site support organizations.

Providing key information on historical and forward-looking trends and related cost analysis at the micro and macro level.

Coordination/Preparation/Supporting of: Annual manufacturing fixed and variable cost budget, Site forecasting, LRP, Monthly cost reviews and quarterly cost reviews for management, Site appraisals, Internal controls and Sox compliance, Financials related to Turnarounds.

Ensure timely and accurate preparation of the yearly Volumetric Exposure Analysis as part of the Global Volumetric Policy.

Support Site Managers for any ad-hoc questions.

Support Sales and marketing for costing for product price request if needed.

Tax Compliance

Preparation and submission of monthly imported SST files to in-house tax team for review, complete filing submission and payment for imported tax services within the due date.

Review WHT payment & file returns.

Co-ordinate preparation & timely submission of CIT returns to authorities, including tax estimation.

Ensure upload of CIT workings and filings for corporate tax team review.

Submit Corporate tax submission on team share after review of calculation, including, but not limit to, UTP and QSTM.

Ensure payment of all taxes within the due dates.

Prepare and co-ordinate with consultant/ tax office for all information/ documents required during assessment and tax audit. Ensure accuracy and timely submission.

Coordinate and support the preparation for annual Transfer Pricing Analysis.

Monitor with AP team to ensure country HR send the information to Income Tax Revenue Board after payroll tax payment for maintaining static virtual bank account for online payroll tax payment.

Application Questions

• Which of the following statements best describes your right to work in Malaysia?
• What's your expected monthly basic salary?
• Which of the following types of qualifications do you have?
• How many years' experience do you have as an Accounting Supervisor?
• How many years of taxation experience do you have?
• How many years' experience do you have with forecasting for businesses?
• Do you have a professional membership with an accounting body?
• Have you completed a professional qualification in accounting?