Executive, Accounting

Key points and objectives of the position

• Compliance of Taiwan Law

• Vendor satisfaction including quality of information, and timeliness of accounting service

• Compliance of reporting standard & of company procedure and policy

• Delivery reports timely and accurately

• Assist in Withholding Tax (WHT) preparation and filing on schedule

• Response time of request & cycle time of issue resolved

• Improvement of accounting process and digitalization

• Awareness of the company operation strategy

AR Workflow and Processes

• Ensuring the compliance of local law (statutory & tax) requirement

• Review, approve & monitor daily operation including timely invoice and credit notes processing & payment

• Ensure the processing of incoming payment documents (both local & foreign) with accuracy, timely and compliance with statutory requirements & company policies

• Communicate with business units and/or IPS to resolve issues encountered

• Ensure all payment documents are recorded as accounts payable in an accurate and timely manner.

• Delivery monthly and annual reports including Year-End accrual on schedule

• Timely response to enquiries & requests

• Compliance of company procedure and policy including Procurement Policies

• Monitor SSC team’s AP activities and aging reports to ensure timely identification of missing invoices, credit notes & clearing of payment.

• Ensuring SSC prepare record invoices for payment by scheduling disbursements according to payment due dates. Settle payments against bank accounts in a timely manner after the payment has been executed.

• Target\: Ensures effective payment and vendor aging management.

• Measurable\: Zero delay of invoice recognition & zero penalty imposed due to late payment (unless technically or legally or due to unforeseeable situation)

Performance of WHT related Tasks

• Prepare, consolidate and maintain WHT Tax Computation Report accurately and timely

• Review and verify the accuracy of the WHT tax rate (including the gross-up & net computation)

• Review and verify all WHT related postings done by SSC

• All payment subject to WHT are properly recorded and payout is reflected accordingly

• Ensuring timely WHT payment & follow up on the WHT Tax Certificate/Receipt and deliver to foreign vendor timely.

• Act as the primary contact window with and independently handle inquiries from the Tax Bureau

• Timely WHT online declaration to Taxation Office on a bimonthly and monthly (or as required) basis, respectively.

• Keep abreast of latest tax law to ensure full compliance with tax authority requirements

• Target\: Accurate computation of WHT, deduction of the payment to vendor, and timely WHT payment

• Measurable\: Zero late WHT paymemnt, zero error and zero penalty

Performance of ICFR Controls

• Review and update the ICFR Controls assigned, where necessary

• Performing the ICFR controls by preparing the necessary evidences

• Target\: Performance of ICFR Controls accurately and timely

• Measurable\: Achieving Green rating for all ICFR Controls within the year

Evaluation Criteria

• Knowledge of AP (IFRS) standard, company policies & workflow and WHT processes.

• Quality, accuracy and timeliness of deliverables.

• Ability to identify and implement at least 2 improvement initiative in terms of enhancement of processes within / across the job functions.

• Lead & ensure the successful implementation of the assigned ad hoc projects

• Backup of AR Accounting Executive