Head of Accounting and Taxation

1 week ago


Hà Nội, Vietnam Techcombank Full time

3 Oct 2024**Head of Accounting and Taxation (40000286)**:

- Category: Finance & Planning Division- Job Type:
- Facility: Finance**Job Purpose**:
The job holder responsible for:
Manage accounting và tax areas in compliance with regulatory requirements, internal requirements and Bankwide strategy. Ensure the accounting system is transparent and compliant with Accounting standards and Law. Specifically:
1. Issue và manage finance và accounting policy
2. Manage the Bank’s GL, separate and consolidated financial statements.
3. Manage payment, internal expense claims
4. Manage and optimize tax expense for the Bank và supervise tax reports và finalization
5. Be the contact person to deal with Tax authority, auditor, Deposit Insurance Agency, SBV’s Supervisory và Inspection, other inspectors regarding financial reporting issues
6. Execute and manage the projects related to financial accounting, finance policy, tax, Basel 2 compliance
7. Develop action plans for the function, manage resource and ensure operational excellence

**Key Accountabilities (1)**:
1. Issue và manage finance và accounting policy
a. Issue và manage finance và accounting policy; ensure the compliance with latest regulations from MoF, SBV, Tax authority
b. Advise CFO/Board of Management on the financial policy and accounting issues.
c. Participate/Supervise the development of internal policy và procedure in the Bank with regards to accounting, finance and tax matters
2. Manage the Bank’s GL, separate and consolidated financial statements
a. Closely monitor PvàL, report to Management Board the solutions to maintain the PvàL up to the budget, yet suitable to actual situation.
b. Ensure the financial statements, auditor reports, trial balance are transparent and compliant with accounting standards and other regulatory requirements.
c. Coordinate with OnT to organize annual fixed assets stocktake in accordance with policy and procedure
d. Monitor accounting recognition for provision for credit loss, ensure compliance with regulations and in line with provision và PBT budget. Be the contact point working with other departments in the Bank (Risk, BUs, Support Units) to provide accurate forecast on significant provision movements và propose proper solutions to handle the movements
e. Participate in structuring/closing complex deals such as: debt trading, loan extension, interest discount, structured products from the accounting aspects.
3. Manage payment, internal expense claims
a. Manage the operation and all matters related to the North Payment team and South Finance team.
b. Approve payment documents, deposit and withdrawal of valuable papers to the safety vault, invoice issued by TCB as per delegation of the CEO.
c. Ensure the expenses related to economic contracts/transactions are fully recognized in a timely manner and accurately, to support Opex/Capex budget planning and management
d. Ensure the expenses are recognized accurately per AO code (in accordance with BU’s requirements) to support performance assessment and analysis at business units.

**Key Accountabilities (2)**:
4. Manage and optimize tax expense for the Bank và supervise tax reports và finalization
a. Manage and optimize VAT, CIT, Withholding tax, PIT and other taxes for the Bank
b. Provide data and information at the request of tax inspectors, in accordance with the prevailing laws và regulations
c. Regular review tax accounting for all business units in TCB.
d. Analyse, estimate the impact of tax regulation to bank’s business, propose the solutions to optimize tax benefits for TCB and subsidiaries
e. Monitor and review foreign withholding tax related to financial derivative contracts entered by Market or contracts dealed by Centralized procurement
f. Provide tax consultancy services on strategic/important deals/contracts from time to time to maximize the tax benefit for TCB.
g. Review, detect risk and propose solution to support subsidiaries/associate companies in dealing with tax authority
h. Review, detect risk and propose solution to deal with local tax authority at branches.
5. Be the contact person deal with Tax authority, auditor, Deposit Insurance Agency, SBV’s Supervisory và Inspection, other inspectors regarding financial reporting issues
a. Supervise, ensure the accuracy, completeness and reasonableness of regular và adhoc reports as required by the SBV, responses to Tax authority as per delegation from CEO.
b. Approve/review the accounting data provided to external counterparties by other units, to ensure consistent disclosure across the Bank
c. Be the contact person to deal with regulators such as SBV Supervisory and Inspection Agency, Tax Authority/ External auditor/Deposit Insurance Agency/Other Inspectors with matters related to financial accounting; make sure that all the noted issue are explainable and minimize the impacts of inspection results
d. Work with external auditor to finalize significant issues that impacts to the timeli



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