The VAT Accountant role at Bio-Rad is expected to support the following tasks within EMEA in our Budapest HUB:
VAT accounting and General Ledger:
- Assist with the monthly VAT centralization process on WD5 of the close calendar.
- Reconcile output/input VAT per general ledger to monthly/quarterly VAT returns at the time of VAT return preparation. Ensure any differences are dealt with.
- Track any unreported items and/or deferred transactions and ensure they are closed out appropriately as required.
- Track payments and refunds to ensure they are executed, recorded accurately in the GL and allocate to the open position in SAP. Ensure any differences are dealt with.
- Prepare the monthly and/or quarterly balance sheet reconciliations for the VAT GL accounts.
- Prepare annual VAT reconciliations to support year-end statutory audits.
- Support the US GAAP (Group) audits and local statutory audits by providing timely responses to any audit questions and requests.
- Ensure accounting policies are aligned with VAT requirements.
VAT Reporting:
- Support the VAT team with timely filings of all periodic filings for VAT, Intrastat, EC Sales List for all jurisdictions that fall into EMEA.
- Actively use the PwC Edge tool and Dashboard to monitor the status of the preparation of VAT related filings and follow up with PwC on any potential delays. Work with PwC to rectify the cause of any delays to avoid late filings.
- Support the extraction of data and preparation of intrastat reports, where automation is not available.
- For a selection of filings, review VAT, Intrastat, ESPL and any other local returns applicable, and approve submission in coordination with the VAT Compliance Manager.
- Prepare and document proper working papers to support the review of VAT returns and related filings.
- Initiate and prepare regular VAT and other VAT related tax payments for manager approval.
Process Improvements:
- Add value to the VAT team by making recommendations on how to improve current processes and create efficiencies.
- Add value to the VAT team by collaborating with other departments in the organisation to refine current processes and drive further efficiencies. Seek ways to standardize documentation.
- Support VAT audits as they occur in the EMEA countries.
- Support a range of ad hoc projects especially those around real time reporting.
- Keep up to date with changes in local regulations in the area of VAT, Intrastat and ESL and support the VAT team to ensure SAP is up to date with these changes with regards to VAT rates and other regulatory and compliance aspects.
An important element of the role is coordinating different stakeholders within Business units in-country, and in organizations across EMEA as well as with EMEA management.
How You'll make an impact:
Strategy & Innovation:
The successful candidate should have the ability to do the following:
- Work with the IT / Business Intelligence tools to develop further in areas within the remit of the role.
- Help develop and improve the financial governance reporting systems such that an understanding of the Financial governance can be readily obtained, and any remediation needs identified promptly.
Operations & Results:
- Support the VAT Compliance Manager and Finance Functions to ensure that VAT compliance processes are robust across all the businesses and remains that way.
- Cooperate in ad hoc projects as required.
Customers & Relationships
- Establish and maintain good working relationships with other Finance Functions.
- Support Finance teams to understand their systems, processes, and business gaps.
- Work with the Finance, Operations and Commercial Teams to address VAT compliance control gaps within their remit.
What You’ll bring:
- Bachelor or Master degree in Accounting or Tax and/or professional qualification
- Good knowledge of Indirect Tax in EMEA or some of its jurisdictions.
- The successful candidate will be an enthusiastic team player with ability to work flexibly in an ever-changing work environment with good excel skills.
- Possess a strong accounting/control background.
- Proven track record of identifying and remediating problems and solving issues.
- Working knowledge of and strong experience working with SAP.
- Strong excel skills.
- Good written and verbal English language skills essential.
Who We Are: For 70 years, Bio-Rad has focused on advancing the discovery process and transforming the fields of science and healthcare. As one of the top five life science companies, we are a global leader in developing, manufacturing, and marketing a broad range of high-quality research and clinical diagnostic products. We help people everywhere live longer, healthier lives. Recently voted a Best Place to Work, Bio-Rad offers a unique employee experience with collaborative teams that span the globe. Here, you are supported by leadership to build your career and are empowered to drive change that makes an impact you can see.
Benefits: Bio-Rad's biggest asset is its people, and the reason why our Total Rewards deliver programs that provide value, quality, and inclusivity while satisfying the diverse needs of our evolving workforce. Our robust offerings serve to enrich the overall health, wealth, and wellbeing of our employees and their families through the various stages of an employee’s work and life cycle. We’re proud to offer a variety of options, including:
- Life and accident insurance,
- Private Health Care Services – unlimited examinations, checkups in numerous specialties free of charge
- Competitive salary and cafeteria
- 100% commuting allowance for non Budapest residents
- Annual bonus
- Annual salary review
- Marriage and childbirth allowance
- School start allowance
- Loyalty award
- Employee Referral Program with remarkable referral bonus
- All You Can Move contract possibility/gym facility discount
- Hybrid working model (3 days onsite and 2 days home office. Our office is located in Budapest, Futó u. 47, 1082)
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