
Financial Transactions Specialist
13 hours ago
This is a crucial role in ensuring timely payments to local and foreign vendors in compliance with policies and regulations.
Key Responsibilities:- Ensure timely payments to local vendors, complying with established credit periods.
- Oversee timely payments to foreign vendors, coordinating with banks for import payments, while ensuring compliance with tax laws and proper documentation.
- Configure and update SAP to process vendor payments, including setting up material codes and withholding tax codes for accurate financial transactions.
- Maintain and enhance income tax compliance processes within SAP related to income tax and sales tax withholding, regularly updating the taxonomy of withholding taxes according to changing regulatory requirements.
- Meet tax compliance and withholding requirements when processing payments to external vendors and depositing withheld taxes to authorities and submitting returns.
- Manage payment status and schedules for special projects, ensuring timely project-related payments in compliance with relevant laws and regulations.
- Accurately record invoices in the accounting system, making sufficient vendor accruals where necessary to reflect outstanding obligations.
- Reconcile vendor subsidiary ledgers with the accounting system to ensure accuracy and completeness of financial records.
- Assess cash flow requirements related to vendor payment, communicating it to stakeholders according to the credit period.
- Proactively coordinate with vendors to resolve payment-related issues, maintaining positive relationships.
- Process employee T&E claims in accordance with policies and guidelines, coordinating with staff to address any related issues.
- Reconcile staff T&E advances, adjustments, and payments to maintain accurate financial records and comply with policies.
- Support statutory audits and tax audits, ensuring compliance with all relevant regulations and providing necessary documentation.
- 5-7 years of experience in vendor payments, tax compliance, and financial reconciliation at supervisory level.
- Strong knowledge of SAP and local tax compliance regulations.
- Bachelor's or master's degree in finance, accounting, or a related discipline.
We offer future-focused skills development, world-class experiences, and a flexible environment. We're a diverse and inclusive culture of globally connected teams, empowered to succeed and grow.
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