OBJECTIVES OF THE POSITION
• Ensure the completeness of operational planning process.
• Oversee all Finance and Controlling activities to ensure legitimacy with Local Requirements (Vietnamese Accounting standards and Tax regulations)
• Conduct business analysis and provide recommendation for enhancement.
MAIN AREAS OF RESPONSIBILITIES AND KEY ACTIVITIES
Compliance
• Enhance awareness of relevant BASF policies and legal requirements and monitor compliance thereto.
• Lead to update changes in local GAAP and tax regulations and implement the changes.
• Design, ensure, and maintain appropriate internal control systems for reporting and tax according to BASF and local requirements.
• Prepare and ensure timely submission and reconciliations of qualified reports/data to internal and external authorities: e.g., VAT, CIT, WHT, etc.; quarterly notes for tax items of BASF reporting, CbCR reporting for tax items.
• Lead, coordinate, and ensure timely updates and implementation of policies, procedures, and guidelines. Ensure the company&039;s policies, procedures, guidelines, and practices meet the relevant BASF or local requirements by liaising closely with relevant BASF personnel, relevant local authorities, and other advisors or consultants. Document, communicate, and maintain finance, tax, procedures, and guidelines.
Operational excellence
• Administer and prepare bank documentation (e.g., hedging, deposits, bank guarantees, banking facilities, funding), signatories, and user access rights.
• Play the role of expense processor.
• Play the role of FRC coordinator, and focal point of IFAS for Vietnam.
• Implement effective finance, and tax in line with sales strategies and local market practices to support business requirements.
• Coordinate for the completion of physical fixed assets verification.
• Provide insight to resolve operational issues, inefficiencies, and queries.
• Manage and interact with GB Hub, auditors, tax advisors and local authorities to enhance/protect the interests of the company. Lead and coordinate internal and external audits and tax audits.
• Coordinate the transfer pricing documentation with external consultants.
Financial Controlling
• Provide guidance and advice on direct and indirect tax matters (e.g., CIT, VAT & WHT) applicable in Vietnam for business transactions or investments.
Business Controlling
• Prepare valid forecast and operational planning data as scheduled; align budget data with LBM, platform, and business HQ.
• Set up and maintain an early warning system in case of any deviation from the budget / KPI and address these deviations timely with LBM and business personnel.
• Ensure overall accurate profitability statement.
• Manage the annual operational planning process with coordinating, challenging, and guiding the local business management team.
• Ensure correct product costing for local production to support LBM, business personnel to make valid and sustainable business decision.
• Foster the role of controlling as a business partner for Local Business Management (LBM) and entire organization by carrying out relevant profitability analyses and cost reviews to constantly improve the business results.
• Ensure correct cost allocation of direct/indirect cost, local and sub region/region cost and challenge / change misallocations.
• Ensure accurate provision data (for e.g., rebates, commissions) based on existing contracts.
• Ensure data accuracy and reliability in local ERP as well as BW system.
