Job Overview:
We are seeking an experienced Foreign Accountant to join our finance team. The ideal candidate will have substantial experience in international accounting, financial reporting, and cross-border taxation. This role involves managing the company's financial operations related to foreign subsidiaries, compliance with international accounting standards, and ensuring accurate financial reporting in multiple currencies. The Foreign Accountant will work closely with various departments to maintain accurate financial records, provide financial analysis, and support strategic decision-making.
Key Responsibilities:
- Financial Reporting & Analysis:
- Prepare and review monthly, quarterly, and annual financial statements for international entities in compliance with International Financial Reporting Standards (IFRS) or local GAAP.
- Consolidate financial statements across various regions and subsidiaries, ensuring accuracy and consistency.
- Perform variance analysis and provide explanations for key financial figures to senior management.
- Foreign Currency Management:
- Oversee the accounting for foreign exchange transactions and manage currency risk.
- Ensure accurate conversion of foreign transactions and balances in line with current exchange rates.
- Analyze and report on currency fluctuations and their impact on financial results.
- Tax Compliance:
- Ensure compliance with local and international tax laws, including VAT, withholding tax, and transfer pricing regulations.
- Prepare and file tax returns for foreign subsidiaries, working closely with tax advisors to optimize tax positions.
- Manage tax audits and ensure timely resolution of any tax-related issues.
- Cross-Border Transactions:
- Manage and reconcile intercompany transactions and balances.
- Prepare documentation for international transactions to comply with transfer pricing and other regulatory requirements.
- Monitor and maintain foreign bank accounts, ensuring accurate and timely payment processing.
- Audit & Internal Controls:
- Coordinate with external auditors during audits for international entities, ensuring timely and accurate submissions of required documents.
- Maintain strong internal controls and ensure adherence to financial policies and procedures.
- Identify and implement process improvements in financial operations and reporting.
- Collaboration & Communication:
- Work closely with local finance teams, management, and other departments to ensure alignment on financial reporting and strategic goals.
- Provide financial advice and guidance to business units regarding international finance and accounting issues.
- Liaise with international stakeholders to resolve accounting issues and provide regular financial updates.
- Regulatory Compliance:
- Stay updated on international accounting and tax regulations, ensuring that the company remains compliant with evolving laws and standards.
- Ensure all financial practices are in line with international financial regulations, including but not limited to Sarbanes-Oxley, IFRS, and local GAAP.
Requirements:
- Education:
- Bachelor’s degree in Accounting, Finance, or a related field. A Master’s degree or professional certifications such as CPA, ACCA, or similar is highly preferred.
- Experience:
- Minimum of 5 years of accounting experience, with at least 2 years focused on international or foreign accounting roles.
- Skills:
- Strong knowledge of accounting software (e.g., SAP, Oracle, QuickBooks) and proficiency in Excel (advanced level).
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
- Excellent attention to detail and analytical skills.
- Strong communication and interpersonal skills to liaise with international stakeholders.
- Proficiency in multiple languages (optional but desirable depending on the region).
This role provides a great opportunity to work in an international environment with exposure to global financial practices. If you are a highly motivated and experienced accountant with a passion for international finance, we would love to hear from you!
Subodh Popalwar
Software Engineer, Memorres
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