Local Controller

Frankfurt, Germany

Striving for excellence is in our DNA. Since 1993, we have been helping the world’s leading companies imagine, design, engineer, and deliver software and digital experiences that change the world. We are more than just specialists, we are experts.

DESCRIPTION


Currently we are looking for a Local Controller for our Frankfurt office to make the team even stronger.

The primary responsibility of the Local Controller will be to maintain an effective accounting framework and related internal controls to ensure that the accounting records are complete and accurately representing the company’s financial position in compliance with local laws and regulations and US-GAAP, as well as Corporate Policies. In this capacity, the Local Controller will highly leverage the capabilities of EPAM Global SSC teams in Minsk and work closely with Finance leadership to assess the right balance of using internal SSC resources and local external agencies for certain tasks, while overseeing all financial activities of the entity. The role will have overall responsibility for the timely and accurate completion of local Tax and Statutory filings and related Audits. This position is key in monitoring changes in local legislative environment and initiating required changes in internal policies and practices, while being the driver in general for continuous process improvements locally.

Responsibilities

  • Accounting Framework and Related Control Environment:
    • Work closely with the Corporate Accounting team to maintain an effective accounting framework under both Local- and US-GAAP;
    • Monitor local legislative environment and initiate policy changes if required – inform Global SSC teams in time of such changes affecting their procedures (e.g. Revenue Group about changes in invoicing templates);
    • Coordinate with different Global SSC teams to ensure issues are handled consistently among different teams;
    • Define Local GAAP adjustment requirements vs US-GAAP and post them in local ledger;
    • Review and analyze monthly results during each closing to ensure accuracy of reported Trial Balance;
    • Perform required account reconciliation each month in line with a corporate policy;
    • Maintain an effective local Internal Control environment in line with SOX requirements.
  • Statutory/Corporate Audits:
    • Support the timely completion of corporate audits as required;
    • Coordinate the statutory audits with local audit teams;
    • Ensure that statutory filings are completed within required deadline;
    • Prepare annual Stat to GAAP reconciliation/bridge for internal purposes.
  • Taxation:
    • Ensure compliance with applicable local Tax laws and regulations;
    • Prepare periodic and annual Tax filings and ensure timely submission to authorities;
    • Advise other departments of local tax rulings early in their processes to ensure impacts are considered;
    • Respond to Tax Authority inquiries and lead initiated Tax Audits with the involvement of EU Tax Director;
    • Inform Global SSC teams in time of taxation changes affecting their procedures (e.g. VAT, T&E expense related taxation, etc.).
  • Payroll:
    • Liaise with local payroll agencies in coordination with Global Payroll team;
    • Monitor payroll related legislation and ensure compliance with all applicable laws, escalate if required;
    • Verify payroll calculations provided by external agency to ensure accuracy and completeness as agreed with the Global Payroll team;
    • Ensure all payroll processes under local control are fully compliant with internal SOX requirements;
    • Ensure payroll tax filings are submitted to the authorities in time and related payments are made timely.
  • Transfer Pricing:
    • Provide a hands-on control of Intercompany Transactions and EPAM TP Policy;
    • Work closely with the EU Tax Director and the Allied Team in Minsk and provide support as necessary;
    • Monitor local Transfer pricing regulations and related documentation requirements and escalate as required;
    • Be responsible for the completion of annual Transfer Pricing documentation.
  • Finance Business Partnership:
    • Provide support to local leadership with actual performance analysis based on inquiries received;
    • Liaise with the central FP&A team on reported figures to provide appropriate feedback to management;
    • Support the annual Budgeting process for the entity and related control of actual spending;
    • Help the different Budget holders understand their year to date Budget performance;
    • Liaise with the Accounting and FP&A teams if corrective action are required as a result of the analysis.
  • Archiving:
    • Define and maintain archiving requirements and related controls of business records in line with local regulations;
    • Ensure that corporate records are available upon the request from Authorities.
  • Other activities:
    • Lead the integration of M&A entities into the local legal entity as appropriate while leveraging the EPAM framework;
    • Support the initiatives of new entity openings from economic and commercial evaluation perspective and lead the company set-up process from Finance side (e.g. bank accounts, local standards, etc.);
    • Support central treasury teams for local banking relationships;
    • Support the central AP Team for local vendor inquiries and issue resolution;
    • Other Ad-hoc activities as required.

Requirements

  • Degree in Business Administration, Accounting or equivalent;
  • Holder of a local equivalent of a valid CPA qualification;
  • Minimum 7 years of working experience in the field of Accounting either at a multinational company or in Audit services (Big4);
  • Minimum 3 years of working experience as a Chief Accountant of the local subsidiary of a multinational company;
  • Excellent statutory and IFRS/US-GAAP accounting standards including related analysis and reporting;
  • Solid knowledge of Tax and local regulations including Transfer Pricing frameworks;
  • High integrity standards and reliability;
  • Solid understanding of partnering within Finance and with local/global setting;
  • Strong analytical and IT skills (preferable SAP, ERP, MS-Office);
  • Ambitious, polished, highly articulate and strong interpersonal skills;
  • Excellent communication skills in English (both written and verbal);
  • Further qualification in the field of Taxation is an advantage;
  • Experience in managing Tax Audits from Legal Entity perspective is an advantage;
  • Experience in working with Shared Services environment is an advantage.

We offer

  • Competitive compensation depending on experience and skills;
  • Regular assessments and salary reviews;
  • Learning and Development;
  • Mobile cost reimbursement;
  • Friendly team and enjoyable working environment;
  • Corporate and social events.

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