MEDIGO SOFTWARE CO., LTD

Job Purpose

The job holder responsible for:

Requirements

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:

• Issue và manage finance và accounting policy
• Manage the Bank’s GL, separate and consolidated financial statements.
• Manage payment, internal expense claims
• Manage and optimize tax expense for the Bank và supervise tax reports và finalization
• Be the contact person to deal with Tax authority, auditor, Deposit Insurance Agency, SBV’s Supervisory và Inspection, other inspectors regarding financial reporting issues
• Execute and manage the projects related to financial accounting, finance policy, tax, Basel 2 compliance
• Develop action plans for the function, manage resource and ensure operational excellence
  
  

Key Accountabilities (1)

• Issue và manage finance và accounting policy
• Issue và manage finance và accounting policy; ensure the compliance with latest regulations from MoF, SBV, Tax authority
• Advise CFO/Board of Management on the financial policy and accounting issues.
• Participate/Supervise the development of internal policy và procedure in the Bank with regards to accounting, finance and tax matters
• Ensure the completeness and accuracy of accounting rules in T24 and other interface applications. Maintain the account mapping in T24 and other related systems up to date and always in compliance with regulations
• Manage the Bank’s GL, separate and consolidated financial statements
• Closely monitor PvàL, report to Management Board the solutions to maintain the PvàL up to the budget, yet suitable to actual situation.
• Ensure the financial statements, auditor reports, trial balance are transparent and compliant with accounting standards and other regulatory requirements.
• Coordinate with OnT to organize annual fixed assets stocktake in accordance with policy and procedure
• 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
• Participate in structuring/closing complex deals such as: debt trading, loan extension, interest discount, structured products from the accounting aspects.
• Manage payment, internal expense claims
• Manage the operation and all matters related to the North Payment team and South Finance team.
• Approve payment documents, deposit and withdrawal of valuable papers to the safety vault, invoice issued by TCB as per delegation of the CEO.
• 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
• 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)

• Manage and optimize tax expense for the Bank và supervise tax reports và finalization
• Manage and optimize VAT, CIT, Withholding tax, PIT and other taxes for the Bank
• Provide data and information at the request of tax inspectors, in accordance with the prevailing laws và regulations
• Regular review tax accounting for all business units in TCB.
• Analyse, estimate the impact of tax regulation to bank’s business, propose the solutions to optimize tax benefits for TCB and subsidiaries
• Monitor and review foreign withholding tax related to financial derivative contracts entered by Market or contracts dealed by Centralized procurement
• Provide tax consultancy services on strategic/important deals/contracts from time to time to maximize the tax benefit for TCB.
• Apply the double tax avoidance treaty to optimize the tax expenses, where appropriate
• Review, detect risk and propose solution to support subsidiaries/associate companies in dealing with tax authority
• Review, detect risk and propose solution to deal with local tax authority at branches.
• Be the contact person deal with Tax authority, auditor, Deposit Insurance Agency, SBV’s Supervisory và Inspection, other inspectors regarding financial reporting issues
• 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.
• Approve/review the accounting data provided to external counterparties by other units, to ensure consistent disclosure across the Bank
• 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
• Work with external auditor to finalize significant issues that impacts to the timeline and accuracy of financial statements.
• Be the contact person to work with other regulatory bodies such as National Financial Supervisory Committee, other FI (ADB, DEG), WB, other external counterparties.
  
  

Key Accountabilities (3)

• Execute and manage the projects related to financial accounting, finance policy, tax, Basel 2 compliance
• Execute the implementation of projects related to Financial Reporting, Regulatory reporting, Tax and other related projects in the role of Project director. Monitor the project in terms of timeline and quality.
• Execute Basel II project in Finance Division.
• Participate in strategic initiatives and other BAU initiative, being responsible for all accounting và tax aspect in the initiatives
• Develop action plans for the function, manage resource and ensure operational excellence
• Ensure adequate and quality human resources (Resource planning và allocation, training, coaching, developing successor, and developing the mechanism for performance assessment and recognition…)
• Prepare and implement the action plan for Financial Accounting, Financial Policy and Tax (“FA”) function which in line with overall Division strategy.
• Be aware of operational risk in the function, coordinate with other relevant department to develop operational risk measurement and mitigations.
• Ensure the operation is in compliance with policies, procedures, internal manuals and the agreed SLAs
• Other tasks
• Participate in internal training regarding financial accounting matters in TCB
• Execute other tasks assigned/delegated by BoD, BoM, CFO
  
  

PEOPLE MANAGEMENT

• Oversee human resources planning and execution (headcount & costs) of their function
• Attract, onboard and retain the right talents for a high- performing team
• Establish and communicate function and individual KRAs/ KPIs, goals, action plan, expectations and results to reporting line
• Manage function performance & provide feedback regularly (following the annual performance management cycle);
• Define team’s capability requirements and enable team member’s professional and personal development through capability assessment, training, coaching & feedback, mentoring, etc.
• Motivate and recognize team members’ contributions towards the team’s shared goals
• Identify and monitor personal, professional development and career advancement of talents in the function
• Act as a role model and promote corporate culture at function level
• Understand & communicate relevant HR offerings to team members.
  
  

Key Relationships - Direct Manager
Chief Finance Officer

Key Relationships - Direct Reports
Senior Manager of Tax Consulting, Senior Manager of Regulatory reporting, Senior Manager of Financial Policy, Senior Manager/Manager of Payment Accounting, Senior Manager of Financial Reporting

Key Relationships - Internal Stakeholders
Board of Directors, Executive Board, Heads of Division, Directors of Functional units, Regional Directors, Branch Directors, Head of Internal Audit, other functional Heads within Finance & Planning Division.

Key Relationships - External Stakeholders
The SBV, SBV Hanoi, National Financial Supervision Committee, External auditor, credit rating agency, Deposit Insurance Agency, TCB’s suppliers and vendors, subsidiaries & associates, Tax Authority, tax consulting firms

Success Profile - Qualification and Experiences

• Degree/Professional: University graduate or higher majoring in economics, finance and banking; Preference will be given to candidates who have graduated with Excellence and are trained in specialized courses in financial accounting, have a master's degree or MBA, MMBF, CPA, ACCA
• At least 14 years of experience in the field of Banking,10 years of management experience in the field of accounting/policy/tax. Having at least 5 years of experience working with TCB's Corebanking system or similar TCB.
• English: minimum TOEIC 700 or equivalent