AbbVie Statutory and Tax Accounting Lead-China in Shanghai, China

Statutory and Tax Accounting Lead-China

China, Shanghai, Shanghai

Finance

Requisition #1901599

This position reports into the Senior Accountant, China and Singapore Commercial at Area Financial Services and is responsible for timeliness and accuracy of local statutory and tax compliance requirements for China affiliate. This position needs a person with ‘can- do’, hands on attitude and ability to work with multiple stakeholders, planning and execution of local statutory audits or any other statutory reporting requirements.

Statutory accounting responsibilities:

  • Preparation of statutory financial statements including notes to accounts

  • Participate/ review US GAAP month close process with primary focus to identify adjustments necessary for local GAAP :

  • Regular reconciliation of US and local GAAP ledgers to ensure integrity of data

  • Perform local GAAP adjustments

  • Identify and perform adjustments needed for additional disclosures (T&E, Payroll benefits etc)

  • Maintain local GAAP balance sheet reconciliations

  • Conduct balance sheet reviews periodically.

  • Prepare and distribute reports to key contacts

  • Interpretation and roll out of local accounting policy/standards

  • Prepare Standard Operating Procedures & Flow charts to ensure local GAAP requirements are documented and necessary processes are in place.

  • Co-ordinate Statutory audits :

  • Support Finance Director in execution of local statutory audits

  • Plan and co-ordinate audit schedule with external auditors, service providers ( if any) and internal departments

  • Execute audit plan by ensuring time lines are met.

  • Establish escalation protocol, monitor and report audit progress.

  • Manage the Statutory calendar

  • Support the process of local tax provision calculation and income tax return

  • Miscellaneous reporting filings (e.g. statistical reporting)

  • Identify and implement improvement opportunities in the area of direct responsibility (compliance, quality and process efficiency)

Tax responsibilities:

  • First point of communication for all direct and indirect tax matters

  • Work closely with third party service providers and Tax Centre of Excellence to plan tax compliance activities

  • Communicate compliance time table and deliverables to all stake holders

  • Ensure inputs required for tax return preparation are received, reviewed and submitted timely.

  • Follow-up on any missing information, perform defined checks and reconciliations

  • Track adjustments needed based on filed returns, perform journal entries to ensure ledger balances tie to returns

  • Investigate issues encountered during return preparation, identify and fix process / system gaps

  • Ad hoc assistance on VAT related matters (audits, questions tax authorities, tax coding questions, ad hoc checks and reconciliations)

  • Oversee and track tax payments & receipts to avoid delays to avoid financial and reputational risk.

  • Ensure accurate and consistent accounting of all taxes

  • Prepare supporting schedule based on tax filings for all tax related balance sheet accounts reconciliations

  • Co-ordinate with Tax Centre of Excellence of any other tax accounting related activities.

  • Identify and implement improvement opportunities in the area of direct responsibility (compliance, quality and process efficiency)

Other responsibilities include:

  • Support other accounting and reporting activities for China as assigned

  • Support ad hoc projects as assigned

A driven, energetic person with very strong accounting & compliance expertise:

  • Bachelor’s degree in accountancy / tax with 7+ years of accounting & statutory compliance experience in an international environment (pharma sector is a plus)

  • ACCA qualification or equivalent is a plus

  • Experience in managing full local statutory compliance process for selected countries

  • Good knowledge of the VAT and withholding tax framework

  • Professional proficiency of English

  • Ability to multi task and deal with time constraints to effectively manage various deadlines

  • Sound business acumen & analytical skills

  • Excellent communication and presentation skills

  • Excellent interpersonal skills

  • Ability to work in a fast-paced environment with changing priorities

  • Strong computer skills, particularly experience with Excel and SAP

  • Demonstrated continuous improvement mindset and drive for excellence

An equal opportunity employer. AbbVie welcomes and encourages diversity in our workforce.

Additional Information

  • Travel: No

  • Job Type: Experienced

  • Schedule: Full-time

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