Sr. Accountant, Professional Japan
(Reason of existence)
Manage the company’s operating result, financial position, cash flow, corporate tax return, and effective internal control.
Responsible for all accounting, reporting, tax filling, and financial issues.
(Identification of job content in terms of outputs)
1. Statutory consolidated financial reporting, audit and group reporting
Make sure that local statutory accounts are timely completed and filed for each local entity to comply with local laws and accounting standards.
Make sure Group consolidations are completed where required and that accounts are filed correctly and on time, fulfilling all legal obligations in this respect.
Coordinate the external audit at country level and focus these efforts correctly. Ensure service levels are met, and value added audits are performed.
Ensure that statutory reports are kept for a sufficiently long time given local laws, but at least for ten years.
Ensure that the financial reporting requested by the Group is fulfilled, insofar as it relates to the Shareholder Functions (reporting for holding companies, local consolidation, where applicable etc.).
2. Tax filing, tax projects and legal structure
Make sure that corporate tax returns are timely completed and filed.
Make sure Group consolidations are completed where required and that related tax returns are filed correctly and on time.
Coordinate tax audits. Communicate with tax and other local authorities.
Recommend optimization of tax assets.Forecast taxable profits and provide strategies to legally minimize tax payments. Advise the Group on the correct dividend policy and payments in conjunction with Group Tax and Group Treasury.
Recommend any changes to legal structure (including the establishment or liquidation of companies) or capital structure (debt and equity).
Identify, negotiate and monitor any local grants that may be available.
Ensure that company tax files are kept for a sufficiently long time given local laws, but at least for ten years.
Make sure that the Common Identifier Database (CID) is continuously updated with the Territory-specific information.
Make sure that the transfer price documents are prepared properly in conjunction with Group tax and local tax advisor.
3. Management of cash pools and bank relations
Run local Cash Pools on behalf of Group Treasury and do so in the most efficient way.
Ensure that full information on liquidity is available to Group Treasury as per the applicable reporting form.
Obtain local board and Group Treasury Approvals for Corporate bank mandates (Powers of Attorney). Make sure that these are always updated.
Ensure that there are contingency plans for running the cash pools (for what to do if and when the electronic banking system is down).
Produce and maintain the cash manager manual for the local cash pool.
Manage Bank Relations locally on behalf of Group Treasury.
Ensure the preparation and filing of any local reports on exchange control i.e. Central Bank Reporting for the local governing bank in the country if needed.
Assist Group Treasury in optimizing the Group's financial net.
Work together with the Group Cash manager to control bank charges, bank account structure, and cash management agreements with the local banks. Further details and definitions on the Treasury related tasks are available in the Treasury Guide.
4. Compliance and Company secretariat
Make sure that the board has approved and issued Power of Attorneys where required, and that these are always up to date and accurate, and that the powers granted are in accordance with Group Policies.
Make sure company secretarial work is correctly and accurately carried out with all legal books kept up to date. Make sure all local statutory reports are filed. Make sure the legal entities meet all local laws and regulations.
Ensure that any other company secretarial tasks required by local laws are fulfilled.
Ensure that company files are kept for a sufficiently long time given local laws, but at least for ten years.
5. Project work and other activities
Act as a coordination point for Group and Sector staff for acquisition or divestment activity in the country. If requested, coordinate local due diligence work.
Carry out any other relevant project work in agreement with Group Staff and/or Sector Management.
Report to Group Staff on any concerns or issues relevant to them. Raise red flags within the areas of responsibility.
Support the RAO and Group Staff members in any other issues, as required by the RAO, the corporate staffs or the Sectors.
Monthly and annual closing (IFRS, Income Tax Law, and Corporation Law basis)
Draw up reporting package for monthly corporate results to Headquarters in Stockholm
Respond inquiries from CFO for financial and accounting issues
Manage, advise and support daily tasks of staffs including offshored outsourcing
Advise and monitor journal entries based on IFRS and Tax Law basis
Advise and monitor employee expense reimbursement
Monitor and control AR credit limit with the credit insurance company
Support business controllers from financial and accounting point of view
Tax service : Draw up application for Corporate/Local/Consumption/Property Tax,
through corresponding to Tax Audit
Respond to Tax Inspection
Monitor and analyze cash flow based on the financial policy by HQs
Respond to external/internal audit
Handle insurances based on the Group Policy
Improve current processes and internal controls
Competences needed (Education / Experience / Skills /
Competencies / Languages)
Technical Skills :
Business level English (Writing, Reading are required.Verbal Communication is preferred)
In-depth understanding for Japanese accounting standards and IFRS
MS Excel : ability for summarizing data by using formulas and Pivot Table
Finance System : experience with JD Edwards is preferred
Preferred Career Experience :
Accounting and Finance experience in a foreign company as a leader/acting manager
Experience and knowledge for Japanese Corporate tax regulations
Working experience as an accountant for various roles of accounting and finance
Soft Competencies :
Self starter able to work as part of Division / Company
Persistent to seek a solution to settle the matter