Thailand Job Openings
SABIC - Saudi Basic Industries Corp.
Sr. Accountant, Costing, TH Plant 1
October 16, 2024
Overview:
This role encompasses full responsibility on Thailand Finance operations covering manufacturing and assigned entities. This role holds full ownership and accountability to ensure quality and timely period end book closure ensuring compliance to both IFRS and Thailand Accounting Standard, providing advisory and consultancy role for Inventory, Costing & Fixed Assets. This role requires close interactions with multiple stakeholders from both internal & external parties, tax consultant, statutory auditor, local tax officer, customs, etc., in support to the Finance Manager. He or She may perform ad-hoc project.
Roles and Responsibilities:
Requirements:
This role encompasses full responsibility on Thailand Finance operations covering manufacturing and assigned entities. This role holds full ownership and accountability to ensure quality and timely period end book closure ensuring compliance to both IFRS and Thailand Accounting Standard, providing advisory and consultancy role for Inventory, Costing & Fixed Assets. This role requires close interactions with multiple stakeholders from both internal & external parties, tax consultant, statutory auditor, local tax officer, customs, etc., in support to the Finance Manager. He or She may perform ad-hoc project.
Roles and Responsibilities:
- To ensure the compliance of financial accounting and reporting for month end and year end inventory closing matters.
- Business partner role; work closely with Economic & Business Support team (E&BS) and Business Unit (BU) Finance functions to ensure timely and accurate monthly financial statements preparation and provide financial analysis in relation to costing.
- Update and maintain the FA and ROU database for new additions and disposals, transfers and other changes for Compounding. Prepare recurring and non-recurring general ledger journal entries. Lead the discussions with Compounding Engineering team on the level of asset componentization in comply with IFRS standard and the Company’s accounting policies and determine the correct FA and ROU classification.
- Support business requirements by providing valued comments in multiple views of financial analysis which are related to costing, inventory & fixed asset related accounts.
- Determine the basis in stimulating the SHPP TH's segmental profit and loss and its operating margin and propose change in Tx Px price to Transfer Pricing ("TP") team. Support TP team in validation the standard cost setting andand provides support for all standard cost uploads and cost roll up on timely basis.
- Assist in month-end and year-end closing by settling the asset under construction, preparing monthly balance sheet account reconciliations for FAs, ROUs, intangible assets, and depreciation calculation. Review the aged item and proper documentation to substantiate the movement FAs, ROUs, and intangible assets. This includes independently researching and documenting reconciling items, monitoring assets-in-progress and plant construction-in-progress for timely fixed asset capitalizations and recognition and, if applicable, making any correcting journal entries or manual accrual if required.
- Assist in annual and cycle physical inventory stock take for variuos internal and external warehouses in Thailand and physical sighting of fixed asset for both compounding and polymerisation plants every 5 years and identify if any idle fixed assets. Assess and review whether any idle capacity or impairment indication for reporting to APAC Controllership team.
- Perform inventory reconciliation between toller and buyer and ensure SCM and MFG to execute the procedures within the internal control mechanism for tolling manufacturing process such as proper inventory adjustment passed in both toller & buyer's book, quarterly cycle count execution etc.
- Support in internal & external audit activities, including data preparation, review & analysis, interview needed upon business & auditors' request.
- Ad-hoc projects & assignments as requested.
Requirements:
- University Bachelor Degree holder in Finance and Accounting is minimum
- Minimum of 5-6 years’ experience in a Multi-National Company (MNC) environment (preferably in a manufacturing industry).
- Strong understanding and in-depth experience in managing Costing, Inventory, Fixed Asset & BOI, GL & Tax knowledge will be an added advantage.
- Good working experience in SAP, FICO & Production Process module.
- Proficient in MS Office applications (Excel, Power Point and Word).
- In-depth knowledge In Thailand Financial Reporting Standards & IFRS.
- Self-driven and able to work independently.
- Meticulous, organized & both results & detail-oriented.
- Possess good analytical, problem-solving skills with passion to pursue business process excellence to drive efficiencies and issues resolutions.
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