Manager, Accounting & Tax

China Construction Bank; Kuala Lumpur; On-site; MYR 70,000 - 90,000; Full time

Job summary

A major financial institution in Kuala Lumpur is looking for a professional to manage daily taxation and accounting functions. The ideal candidate will drive compliance with e-invoicing requirements and handle hedge accounting activities. Key qualifications include strong knowledge of Malaysia's tax laws and International accounting standards, alongside over 5 years of banking experience. This role demands collaborative support for product implementation and external audits, ensuring the organization meets necessary financial standards.

Qualifications

• Must be familiar with International accounting standards and Malaysia local accounting standards.
• Knowledge of Malaysia Tax laws (Income tax, withholding tax, SST) is essential.
• 5+ years of related banking experience and expertise in transfer pricing.

Responsibilities

• Manage daily taxation activities including corporate tax and deferred tax postings.
• Drive e-invoice implementation for compliance with guidelines.
• Prepare month-end closing journal entries related to hedge accounting.
• Support product implementation and liaise with Head Office Support Centre.

Skills

Familiarity with International accounting standards

Knowledge of Malaysia Tax laws

Experience in general ledger and tax management

Problem-solving skills in accounting systems

Job description

Responsible for daily taxation management and transfer pricing: including not limited: corporate tax, indirect tax, transfer pricing documentation and monthly tax and deferred tax journal posting etc.

Perform PIDM related tasks and submission, including but not limited to periodic updates on the guidelines and requirements.

Ensure the daily accounting general ledger functions are properly carried out in accordance with accounting principles.

To drive e-invoice implementation project in order ensure the Bank is compliant to the basic requirements as indicated in the guidelines and go live within specified timeline.

Responsible for hedge accounting of the Bank which includes preparing month-end closing journal entries, monthly reporting, related activities for derivative financial instruments, review of hedge accounting manual/policy and work closely with Risk Management Division and Financial Market Division.

Support product implementation (new and existing product enhancement) in relation to verification of accounting workflow, validation of accounting implications and general ledger double entries, etc., perform UAT and work closely with Business Division and Operations.

Key contact point to liaise with Head Office Support Centre in relation to product implementation (new and existing product enhancement).

Support and manage Labuan Branch insourcing services on accounting and finance perspective which includes providing guidance and knowledge sharing on accounting and tax matters.

Handling and submit ad-hoc and periodically head office report assigned.

Provide support on requests from external auditors and other relevant stakeholders.

Update accounting and financial related policies/procedures.

Perform any other duties that will be assigned by division Head/ Deputy Head.

Job Requirements

• Be familiar with International accounting standards and Malaysia local accounting standards and Financial Reporting Rules of BNM
• Be familiar with Malaysia Tax laws and rules (Income tax, withholding tax, SST and other mandatory tax implementation by Malaysia government)
• Be familiar with financial accounting, general ledger and relevant tax management, transfer pricing act and with related banking working experience over 5 years
• Skilled in deal with accounting system problems