Tax & Treasury Analyst Singapore (Based in Malaysia)

Job Overview

• Assisting the Tax & Treasury Manager Malaysia and Singapore in supporting the tax and treasury functions for all segments and entities in Singapore. Reports to Tax & Treasury Manager Malaysia and Singapore. Also required to support the ICTC SEA team as and when required.
• Assisting the Tax & Treasury Manager Malaysia and Singapore in preparing and reviewing domestic direct and indirect tax compliance, including estimates, provisions, returns and payments. Ensure Company book is maintained and comply with local tax requirements.
• Assisting the Tax & Treasury Manager Malaysia and Singapore in monitoring the cash flow of the business on a daily basis, making periodic analysis, by making sure Company cash flow is in healthy position.
• Establishes and maintains a secure finance environment compliant with internal controls.

Key Responsibilities

TAX

Assisting the Tax & Treasury Manager Malaysia and Singapore.

Tax Compliance (Corporate - Direct and Indirect)

• Prepare the information, documentation and schedules for the preparation of the corporate income tax returns.
• Assist to prepare information and documentation when required by tax authorities, if there is any inquiry in terms of tax filing.
• Cooperate with PwC for the tax returns and tax filing and ensure it is on time.
• Prepare and submit Withholding Tax (WHT) and Goods and Services Tax (GST) reporting, where applicable and arrange for payment.
• Ensure documentation and filing of all tax information are kept in proper order.
• Responsible for any other work relating to the above.

Tax Reporting

• Assist and prepare the Mars tax report according to the required timeline, including GAM, A32, FIN 48, TPD, etc.

Tax Audit

• At all times, follow the Principle of Mutuality in engaging with both internal (Business Units, Global Tax teams and external stakeholders (PwC, Tax Authorities).
• Ensure Tax & Treasury Manager Malaysia and Singapore and Global Tax Teams are informed of any notice for tax assessment or audit in a timely manner line with the Finance Manual.
• Find documents that are required during a tax audit.
• Prepare schedules for submission to tax authorities.
• Support the Tax and Treasury Manager Malaysia and Singapore during the tax audit process and work with the team to provide required documentation and information to tax authorities.

Tax Projects

• Assist to prepare the relevant documentation on the tax related projects.
• Tax projects could be local or globally driven.

Documents Filing

• Ensure all the tax related material well documents and filing according to the local and corporate requirement.

External relationship

• Maintain good relationship with tax officials, improve the understanding with each other.
• Manage relationship with tax consultants.

Others

• May support the ICTC team in tax work, for other countries as and when required.

TREASURY

Assisting the Tax & Treasury Manager Malaysia and Singapore in maintaining treasury processes that have good governance and control.

Liquidity and Cash Management

• Monitor the cash balance and cash flow to ensure the business has sufficient cash for its operational needs.
• Prepare and submit periodic cash flow forecast to Corporate Treasury on SharePoint.
• Monitor for NCFO performance and highlight any risk.

Mars Reporting and System Management

Ensuring timely and accurate reporting of:

• DCR: Daily Cash Report balances
• ICLMS: Inter-Company Loan Management System changes
• I&B: Periodic Investment & Borrowing position on Monday Week 1
• Distributable Reserves: Q19 submission on SharePoint (quarterly)
• MeBAM/MeFAM: execution of the MeBAM/MeFAM process in line with Treasury policies and Q21 submission (quarterly)
• Notify Tax & Treasury Manager Malaysia and Singapore in case of issues and missed deadlines and implement action plans to ensure timely reporting.

Repatriation and Funding requirement

• Identify opportunities and make recommendation on investment (e.g. money market deposit placement) and repatriation of cash.
• Analyze the cash flow requirement in business units to ensure adequate funding is available to business units at any time and that surplus cash is repatriated.
• Ensure business units complete capital increase formalities or loan drawdown, interest payment net of any withholding taxes and principal repayment in a timely manner.

Governance and Control

• Prepare fund transfers for payments as recommended by S&F team.
• Prepare all payments before authorization, especially highlighted those payments with tax implications, e.g. withholding tax.
• Ensure all treasury activities are in compliance with local central bank regulation and other laws.
• Support Tax & Treasury Manager Malaysia and Singapore on change management process for any changes in central bank and other regulations.

Relationship with external parties

• Build and enhance banking relationship with local banks.
• Maintain relationship with Central Bank.
• Manage and review credit facilities in the unit and make recommendation to Tax & Treasury Manager Malaysia and Singapore if there is a need for change.
• Update the bankers on the change of authorized signatories by completing the relevant forms and getting the relevant signatures in place.
• Maintaining relationships with the local branches of Strategic/Preferred banks, including regular bank meetings along with Business Units, the Annual Bank Review meeting and ensuring the Annual Bank Survey is completed for all units in Singapore.

Others

• Support ICTC Lead on global and local treasury projects.
• Liaise with Currency Centre and Business Units to ensure currency risks are identified, quantified and managed, and provide foreign currency cash flow forecast to Currency Center.
• Monitor the hedging contracts and other documentation (if required).
• May support the ICTC team in treasury work, for other countries as and when required.

Job Specifications

• College Graduate - Degree in Accountancy or Tax or Finance.
• Certified Public Accountant (any Tax certification will be advantageous).
• Minimum 4 years in income tax accounting and/or local tax compliance.
• Some treasury experience will be added advantage.
• Strong knowledge in Tax management and governance.
• Strong domestic income tax technical skills.
• Tax audit experience is added advantage.