Accounting and Reporting Specialist

Job Description:

At Ferring Pharmaceuticals, we help people around the world build families and live better lives. We are entrepreneurial and innovative, with a global team focused on scientific advances in the areas of reproductive and women’s health, gastroenterology and urology. Ferring + You is all about working together and sharing ideas, so that we can bring science to life for patients around the world.

Our Technical Operations division develops, manufactures and supplies high-quality products so our patients can live better lives. Creating and delivering life-changing products means getting it right first time is a shared responsibility, so our global manufacturing teams work closely together to ensure quality, accuracy and safety at all times. That means a culture of empowerment, where speaking up is valued, and growth and development are constant.

Ferring+You

You will be responsible to support operational finance activities, concentrated P2P, O2C and A2R processes and acts as first point of contact for the BPO for finance related matters. The role conducts retained operational activities, especially knowledge based and provides review and approvals to the BPO and ensures finance processes are conducted smoothly and with high quality, in compliance with existing fiscal and civil regulations, as well as with specific company policies and accounting principles, in compliance with existing fiscal and civil regulations, as well as with specific company policies and accounting principles.

Your day at Ferring

Financial strategy and business partnering: -

• Prepare periodic management report and perform variance analyses for review meeting.

• Advise and challenge business with timely and proactive analyses, assessments of variances to the plans, financial impact and risks.

• Provide Management Information to other departments.

• Monitor key performance ratios, inform timely on any unexpected issue impacting potentially the financial performance of the Country and Area, identify areas of improvement in business and propose/implement corrective actions.

• Collaborate with BPO to ensure a smooth relationship and a seamless delivery of the in-scope finance activities.

Working in close collaboration with the country/site Finance organisation and ensuring timely achievement of the listed tasks: -

• Cash Flow Projections:

  • Forecast collections and payments.

  • Ensure time collections received to achieve the targeted DSO.

• Period end closing and reporting:

  • Define journal entries, perform analytical review and internal control systems.

• Tax preparation and management:

  • Calculate taxes, report taxes, monitor compliance and manage tax queries.

• Treasury managemen

  • Manage in-house bank accounts, manage financial risk and fraud/dispute cases, forecast cash and manage foreign exchange rates master data.

• Inventory management and validation:

  • Perform Inventory accounting, transfer pricing, process month end and reporting, perform cost accounting and control and stock take.

• Project accounting and validations and authorisation of payments for Payroll accounting

Financial budgeting and planning

• Contribute to achieving financial ambitious goals/targets and challenge budget of other departments.

• Forecast P&L and cash flow.

• Perform budget process.

Financial reporting

• Perform statutory reporting by ensuring accounting records and reports are accurate, duly approved and comply with the Statutory Accounting Principles.

Costing

• Perform variance analysis.

Management reporting and forecasting

• Prepare period financial forecast.

• Evaluate financial performance by advise and challenge the business with timely and proactive analyses, assessments of variances to the plans, financial impacts and risks; provide management information to other departments; inform timely on any unexpected issue impacting potentially the financial performance of the Country and Area, propose/implement corrective actions; identify areas of improvement in business and organisation and propose implementation plan, monitor key ratios; identify & implement synergies across the country; propose efficiency improvement measures.

Finance policy

• Strict implementation of IFRS and internal guidelines across the entities (and others if applicable).

• Adherence to the local fiscal and finance related regulations of the respective country.

• Inform timely on potential issues, assess the risks, and propose corrective measures.

Projects and improvements

• Support HQ/Corporate Finance in the implementation of corporate Finance programs, processes or procedures which are to be locally applied. Contribute to performance management and drive continuous improvement initiatives e.g. propose standardized and coordinated use of financial information systems, identify and propose optimization measures.

Overseeing and working in close collaboration with the BPO to ensure the deliverables from the BPO: -

• Order goods/services:

  • Verify the quality of a purchase and manage purchase orders

• Accounts Payable:

  • Document management, process invoices and payments, manage discrepancies, handle vendor queries, create and update supplier master data, process month end and reporting.

• Manage expenses:

  • Handle expense claims, perform quality check, process expenses reimbursement, manage queries.

Manage and process collections:

• Perform cash application, perform aging, collect cash, create and update customer master data, process month end and reporting.

Customer billing:

• Enter customer invoices, generate and send invoices to customers.

Period end closing and reporting:

• Process current period transactions, generate and process journal entries, close and open, reconcile sub-ledgers, update balances, adjust GL for period close and close GL period, generate financial reports, maintain G/L master data, manage allocations, intercompany reconciliations.

Manage & process intercompany transactions

Cash reconciliation: Load and reconcile bank statements.

Accounting for Fixed Assets, Tax Accounting and Payroll accounting.

Compliance and integrity

• Strict implementation and adherence to internal and statutory guidelines, instructions, processes and systems.

• Strict adherence to the local fiscal and finance related regulations of the respective country.

• Inform timely on potential issues, assess the risks and propose corrective measures.

Behind our innovation…There’s you

• University degree in Finance or Accounting

• At least 5 years’ experience in relevant experience

• Demonstrated understanding of financial and accounting principles and processes

• An analytical mindset and be a self-starter, being able to see opportunities and solve problems independently

• Good communication and stakeholder management skills, being able to work with both management and employees in the organisation

• Presenting your views and being challenged

• Work independently with the ability to influence multiple stakeholders

• Ability to work in decentralised finance structure

• Ability to set long-term financial targets and sponsor performance improvement projects

• Professional business English (oral and written) as well as local language as required

Making a difference in the life of millions of people means we succeed by working together. Our diverse backgrounds, experiences, expertise, and perspectives enable us to find solutions to even the most challenging problems, and our success is tied to each team member’s contributions. Imagine the power of your career when it’s Ferring + You.

People come first at Ferring

• Get inspired from our commitment to advocate for everyone’s right to build a family, no matter who you are, where you live or who you love

• Our inclusive support package – “Building Families at Ferring” provides equal and accessible policies for all employees who wish to start their family journey, ensuring a global standard, irrespective of location and role

• Parental leave for both birthing and non-birthing parents

• Extended support on family building journey

Behind our purpose… There’s you

If our mission and your vision are aligned, please apply!

We strive to build and maintain an inclusive and diverse workplace with equal opportunities and mutual respect for all employees regardless of their backgrounds and socioeconomic status.

Location:

Ferring Malaysia