GL Accountant

Role Description and Responsibilities

<General accounting>

1.     Journal Preparation & BS reconciliation
• Prepare monthly closing journals and perform BS reconciliation (ERP: PeopleSoft) in a timely manner

• Payroll, vacation and bonus -related journals
• Service project subcontractor expense journals
• AP & T&E related allocation, reclassification journals 
• Quarterly T&E accruals

2.     Guidance & Journal Requests to SSC(*) GL Team
• Provide instructions and request for recurring journals to the SSC GL team

3.     AP voucher monitoring

• Monitor vendor tax invoices sent to the SSC AP team, and check any missing items

• Reconciliation of AP voucher posting by SSC team and tax invoices data from Hometax

4.     Intercompany Reconciliation & Reporting
• Perform monthly BS/PL reconciliation with affiliates
• Communicate with affiliates in case of discrepancies

5.     Fixed Asset Management
• Conduct yearly fixed asset inventory checks with IT & Facility teams
• Manage fixed asset insurance on an annual basis

6.     HQ vs. Local Statutory Book Management
• Monitor and manage discrepancies between the HQ corporate book and the local statutory book

7.     External Audit Preparation (KPMG)
• Prepare statutory financial statements and notes in both Korean and English
• Support overall audit procedures

• Prepare intangible asset impairment test (Supported by external service provider)

8.     Ad-hoc Projects
• Support various initiatives and one-off projects as needed

• Merger and acquisition, business transfer, etc

<Tax>

1.     Indirect & Local Tax Filings
• Prepare Quarterly VAT filing, WHT filing related to ICO AP, and local tax filing (with support from tax return accounting firm)

2.     Corporate Income Tax Filing
• Prepare and coordinate annual corporate income tax return (with support from tax return accounting firm)

3.     Transfer Pricing Documentation
• CBCR notification on an annual basis

• Prepare of the local file (transfer pricing report) with support from an external service provider on an annual basis
• Translate HQ’s master file on an annual basis

4.     Royalty-Related WHT Compliance
• Support monthly WHT filings related to royalty payments
• Request issuance of WHT certificates from the HR outsourcing firm

5.     Tax Residency Certificate (TRC) Management
• Issue TRC upon request from the Asia tax team
• File TRCs for other affiliates on a yearly basis

6.     HQ Tax Reporting
• Prepare tax reports for HQ (October hard closing and year-end closing) based on HQ corporate books

7.     WHT Reduction Documentation
• Prepare documentation for reduced withholding tax rates on royalties, dividends, and other payments based on the treaty

8.     Ad-hoc Tax Projects
• Participation in special or one-off tax projects as needed

<Treasury support >

1.     Monthly Cash Forecasting
• Prepare and manage monthly cash flow forecasts

2.     Interim Dividend Execution
• Support and coordinate the execution of interim dividend distribution

(*)SSC: Shared Service Center