Accounting Supervisor

LyondellBasell; Kulai; On-site; MYR 80,000 - 100,000; Full time

Job summary

A leading global chemical company in Johor, Malaysia is seeking an experienced Financial Accountant to ensure compliance with US GAAP and local GAAP in financial reporting. Responsibilities include coordinating audits, preparing financial statements, and supporting tax compliance. The ideal candidate will have a Bachelor's degree in Accounting or Finance and experience with SAP. This role offers competitive compensation and opportunities for professional growth.

Benefits

Competitive salary

Health insurance

Professional development opportunities

Qualifications

• Strong understanding and application of US GAAP and local GAAP.
• Experience with financial statement preparation and auditing.
• Ability to manage and reconcile complex financial data.

Responsibilities

• Ensure compliance with US GAAP and local GAAP in financial reporting.
• Coordinate annual audits and ensure local compliance requirements are met.
• Support financial initiatives across sites and improve governance measures.

Skills

Financial accounting

Audit coordination

GAAP compliance

Budgeting

Tax compliance

Education

Bachelor's degree in Accounting or Finance

Tools

SAP

Job description

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 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 documentation.
• Prepare statutory financial statements in accordance with local GAAP.

• Coordinate with other transactional teams (AP, AR, Inventory Accounting, Fixed Asset Accounting, 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 met within local deadlines.
• Lead and support automation of statutory financial audit initiatives.

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.

Legal Entity Governance

• Perform legal entities’ Balance Sheet review and Flux analysis (e.g., freight, margin, HQ recharges).
• Facilitate and support other functional departments to fulfill government and other local financial reporting obligations to meet local compliance requirements.
• Advise, monitor and coordinate dividend distributions.
• Facilitate the signoff of Representation Letter – country view.

Internal Controls

• Ensure through oversight that adequate preventive and detective controls exist and operate effectively; ownership of internal control as designed at country/region level.
• Oversee the clearing of any audit or controls findings by coordinating with other Finance functions as applicable.
• Work with the internal control team to drive improvements 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

• Be the go-to person for business (manufacturing, commercial and other functions) to provide advice and support to site management for financial initiatives at Senai and Batu Pahat sites.
• Partner with 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 regarding audits and other procedures to be performed.
• New business/JV supports – participate in new business projects with financial and internal control consultation and support to the project team; lead readiness of finance and accounting teams for ongoing financial support of 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

• Be an active business partner for Regional Manufacturing Directors, site managers and other functional managers of manufacturing sites, FP&A Team, the BDA Team, the Internal Controls Team and Internal Audit Team.
• Provide end-to-end accounting coverage for the respective sites, including manufacturing fixed and variable cost analysis, manufacturing and corporate reporting, and other core/ad-hoc functions for site support organizations.
• Provide key information on historical and forward-looking trends and related cost analysis at micro and macro levels.
• Coordinate/Prepare/Support: annual manufacturing fixed and variable cost budget, site forecasting, long-range planning, monthly and quarterly cost reviews, site appraisals, internal controls and SOX compliance, and 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 with ad-hoc inquiries and support Sales and Marketing for costing for product pricing as needed.

Tax Compliance for Malaysian APS Manufacturing

• 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 due dates.
• Review WHT payments and file returns.
• Coordinate 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 (UTP and QSTM as applicable).
• Ensure payment of all taxes within due dates.
• Prepare and coordinate with consultants/tax offices for information/documents required during assessments and tax audits; ensure accuracy and timely submission.
• Coordinate and support the preparation of annual Transfer Pricing Analysis.
• Monitor with AP team to ensure country HR sends information to the Income Tax Board after payroll tax payment for maintaining static virtual bank accounts for online payroll tax payments.

Note: This description does not include candidate outreach warnings or external site prompts.