senior lead specialist iii, tax AccountingEmerson Electric Asia Ltd. ROHQ

Purpose
Lead Tax Compliance and Reporting across the region. Ensure the integrity of tax provision and reporting of Emerson Commercial Residential in the region in accordance with IFRS / US GAAP and local specific regulatory requirements of each location. Operate as functional leader and a subject matter expert providing guidance and training to Entity Leaders as required. Monitor tax stream reporting and other Emerson Tax reporting needs. Provide advise to Finance Leaders on, transfer pricing and tax schemes based on applicable tax treaties for determining revenue and profit after tax. Provides compliance advise to businesses with expansion plans.
Duty 1: Reporting and Reconciliation
Lead Tax Compliance and Reporting across Asia
Review and ensure adequacy of monthly tax provision in Hyperion Financial Management System (HFM) for internal and external reporting requirements
Review tax returns for the region to be submitted to the local tax authorities
Prepare various tax filings (CIT, FBTM Payroll Tax, GST) for Commercial Residential Australian entity
Review the Quarterly (internal) tax provision of Commercial Residential Solutions Entities
Validate the quarterly and annual forecast submissions for all Sites in OneSource tax system and ensure it reconciles back to HFM US GAAP reporting
Work with the sites to ensure OneSource reconciles to local tax reporting to avoid tax audit exposure
Review budgeted tax cost (accruals) against actual spending and take corrective actions on identified gap
Review and manage Intercompany charging (transfer pricing) to ensure compliance with applicable accounting standards, regulations and Corporate Policies and Procedures (CP&P)
Review transaction segmentation of entities to ensure tax cost effectiveness and efficiency
Understand, analyze and apply specific country regulations related to tax provisions to determine profit share of entity
Ensure Transfer Pricing results are consistent with benchmark ranges and arms-length principle.
Prepare /review transfer pricing documentations, Tax audits and tax litigations for Commercial Residential Solutions entities in the region (covering India and Indonesia in particular)
Analyze Transfer Pricing of DC Entities
Provide advice to Finance Leaders on transfer pricing and tax schemes based on applicable tax treaties for determining revenue and profit after tax
Consider Permanent Establishment (PE) exposures through understanding of International tax treaties as a result of
Consider and report on FIN 48 - Uncertain Tax positions required by International Accounting Standards
Review FIN48 Tax Provisions for India
Review transactional accounting on Value Added Tax (VAT) and Withholding Tax Returns (WHT) Globally and ensure timely filing and adjustments
Perform Statutory Audit filings for HongKong entity
Analyze advanced Pricing Arrangement in India
Explore opportunities to optimize tax rates for Commercial Residential Solutions Asia
Duty 2: Tax Audit and Review
Support Corporate Governance reviews for Tax Compliance and best practice
Engage with Corporate and Platform Tax Colleagues in the US
Report tax position to Emerson US Tax department as part of Commercial Residential Solutions annual control visits - requires coordination with local Finance Leaders
Perform various reports as requested by US headquarters (e.g. BE-11 form, BE-577 form)
Tax reviews in case of M&A activities
Respond and support on US queries (Tax Department and Divisional) relating to tax entries in HFM and ensure availability of supporting documentation/ justification on reported provisions
Assists in head office reviews of OneSource in validating reported balances
Provide timely response on regulatory requirements and compliance audit
Duty 3: Internal Control
Coordinate preparation of Commercial Residential Solutions Transfer Pricing Documentation
Contribute to the development of Tax guidelines and policies in coordination with ComRes US tax department
Help define process workflows and create guideline as necessary to established clear responsibilities and audit trail of transactions
Duty 4: Continuous Improvement
Continuous professional education to stay abreast of laws and regulation changes tax directives that will be beneficial for the organization
Identifies and provides recommendations on needs and opportunities for the organizations' Tax compliance (Income Tax Provisions, WHT and VAT)
Identify avenues of tax savings that will contribute to the overall profitability of the business
Transform business needs to actionable process improvement or innovation initiative
Influence key Stakeholders on the implementation of identified improvements
Requirements
Education:
Bachelor of Science in Accountancy preferably with Certified Public Accountant license
Job Related Experience:
At least 7 years work experience in tax accounting, extensive knowledge of IFRS / US GAAP / SOX, exposure on International tax compliance and treaties and transfer pricing are advantage.
Post qualification experience in Tax Analysis
With working knowledge on Hyperion Financial Management (HFM) and OneSource Tax System