GA & Tax accountant
Job description
Company Overview
Lilly is one of the top 10 global pharmaceutical companies, dedicated
to creating medicines that help improve peoples' quality of life for
more than 135 years. Since our founding by Colonel Eli Lilly in 1876, we
have pioneered medical breakthroughs like human insulin, the polio
vaccine, and many other breakthrough therapies.
At the heart of
Lilly's operations are its core values – excellence, integrity and
respect for people and these are reflected in business practices that
include strong governance principles, the ethical development of
medicines, transparency and ethical product promotion
Responsibilities
GA responsibilities and tasks :
Book keeping of monthly Journal Vouchers (payroll, accrual, advances, etc)
Ensure timely & accurately booking of affiliate Journal voucher
Ensure required backup documents are attached to JV
Follow up with SSC to ensure affiliate JVs are approved on time
Local bank replenishment
Handle affiliate ICO requests to ensure accurately and timely transfer of ICO OPEX in/out of the affiliate
Monthly reconciliation of affiliate balance sheet accounts (Monthly CARTT process)
Check the affiliate GL balance on CARTT to ensure it is matching to SAP
Review the affiliate pending items on collaboration site
Add comments & actions on affiliate pending items on CARTT and submit the file to MENA accountant
Monthly Clearing of old items in the accounting system (SAP)
Book required adjusting entries (if needed)
Lead affiliate monthly closing process to ensure accurately and timely presentation of affiliate financial statements
Arrange with all stakeholders involved in the closing process to ensure
that all closing tasks are being done on time (P2P, FC, CFO, HP &
SSC)
Ensure that all JV’s related to the current/open period are booked before month end
Prepare pre month end financial statements to be reviewed with area financial controller & affiliate CFO
Ensure no material deficiencies in affiliate financial statement before month end closing
Secure CFO approval on financial statement and forward it to financial controller and Geneva to close the month
Manage the affiliate fixed assets list (Add, remove and maintain existing assets)
Ensure affiliate fixed assets lists properly maintained and timely reviewed
Support SSC on Fixed Assets Physical Count when needed
Create a capitalization form (CAP form) to add new fixed assets items
Initiate the FA disposal process and managing the fixed asset sales transaction (if Any)
Fill the Disposal Form and send it to SSC to remove retired assets from the affiliate fixed assets list
Maintains accounting controls by preparing and recommending policies and procedures
Customer support: Training, mentoring, communications and coaching the
business on accounting (Fixed Assets ,ICO,SAP technical use)
Systems
New policies &Existing policies
GSD process and updates
Manage relationships with CFOs, Planners, SSC, GVA, and HP
Consult with SSC and/or MENA controller on unique or complex accounting transactions
First contact with our local accounting consultant for the local accounting
Manage external relationship with Local External Audit firms
Liaise effectively with internal and external auditors. Communicate,
plan and organize resources for the targeted external audits
Share the external audit findings with affiliate CFO and financial
controller along with a clear action plan to close any control gaps
Maintains good business relations with external sources of expertise to share best practices and similar experiences
Tax responsibilities and tasks :
Responsible for managing the tax function and carrying out all Tax
reporting and Compliance requirements (Income Tax / Sales Tax / WH Tax /
Stamp Tax / Payroll Tax)
Accountable for the completion of accurate tax returns in timely manner
Negotiate with Tax Authority at times of Tax Audits in order to minimize the tax obligations
Monitor a smooth workflow for different tax processes and ensure compliance to GSD tax guidelines provided from parent company
Engagement in Tax planning assignments and guiding the management to strategies for minimizing Tax Liabilities
Manages the tax accounting entries and reconciliations (AP /AR)
Responsible for quantification and documentation of uncertain tax positions under FIN 48
Conduct analysis and Assessments for the best case / worst case
scenarios of the controversies with Tax Authority and report the most
likely settlements to the management
Establish strong relationships with the tax advisor and inside Tax authority as well
Keep business partners updated by all new tax regulations and changes
in laws that have an impact on their scopes and roles either in office
or the site
Responsible for Preparation and submissions of Lilly’s GYEC Tax Reports
Defend Lilly’s position in front of Tax Authority
Costing responsibilities and tasks :
Monthly product costing for ELCO, ensuring that all item codes are correctly costed
Monthly arrivals cost analysis from transfer pricing, freight and customs
COPS & Variances analysis of actual cost vs standard cost
Annual product costing for ELCO imported materials
Annual Transfer Pricing review
Calculate local profitability
Deliver timely and reliable data and reports to the management
Ensure accounting document are filled and archived correctly
Coach and mentor P2P team as well as new comers in the accounting team
Basic Qualifications
· BA or MSc in Business Administration, Trade and Commerce
· Very good written and spoken English
· Excellent communication skills
· Project management skills and experience
· Experience in regional projects
· Ability for problem identification and problem- solving
· Team worker with leadership potential
Negotiation skills
Additional Skills/Preferences
3-5 years of experience in Tax accounting in a multinational company
