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Accounting Analyst
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Company Overview for Formosa Plastics Corporation, U.S.A.
Founded in 1978, Formosa Plastics Corporation, U.S.A. (Formosa Plastics) is a growing, vertically-integrated supplier of plastic resins and petrochemicals. With annual revenues of more than $5 billion, we employ over 2,800 people who operate 20 production units in six business divisions - Olefins, Polyolefins, Vinyl, Specialty Polyvinyl Chloride, Chlor-Alkali, and Oil & Gas.
Formosa Plastics offers a full line of polyvinyl chloride, polyethylene and polypropylene resins, caustic soda and other petrochemicals that deliver the consistency, performance and quality that customers demand. We market our polypropylene and polyethylene resins under the Formolene tradename; we market our suspension PVC and specialty (dispersion) PVC resins under the Formolon tradename. We also produce and sell caustic soda, ethylene dichloride, commercial bleach and hydrochloric acid.
We are committed to supplying the highest quality products and services to our customers, providing a safe and healthy workplace for our employees and contributing to the quality of life in the communities where we operate. This commitment is made possible through our dedicated people, consistent products, continued protection of the environment and ongoing investments in new product development, quality control systems and safe, modern and energy-efficient production facilities.
Formosa Plastics is a privately held company headquartered in Livingston, New Jersey. Our core business, producing plastic resins and petrochemicals, takes place at three wholly-owned chemical manufacturing subsidiaries located in Delaware City, Delaware, Baton Rouge, Louisiana and Point Comfort, Texas.
ACCOUNTING ANALYST I
POSITION OBJECTIVE
This position is to report to Accounting Manager. The objective of this position is to prepare and support the consolidation and reporting process. This includes assuring financial results are accurately consolidated and reported to the corporate management. This also includes promoting an understanding of financial results, responding to inquiries on a timely basis and assuring the company complies with IFRS, corporate policies and other mandated accounting regulations, and assisting with internal/external audits.
MAJOR AREAS OF ACCOUNTABILITY
DUTIES AND RESPONSIBILITIES:
Follow Accounting Supervisor's instruction to perform following accounting functions:
* Prepare monthly consolidated financial reporting
* Prepare monthly reporting packages for Corporate Controller's meeting with the Upper Management
* Prepare monthly reports required by Formosa Plastics Taiwan
* Reconcile monthly CIP and F/A balances and prepare monthly CIP and F/A rollforwards
* Review and post Form A registrations and payments, and reconcile quarter-end legal reserve
* Maintain the insurance system and the person in charge of Formosa Insurance Company
* Assist with internal and external audits
* Prepare supporting documents of the IFRS
* Research and/or update IFRS standards to Corporate Controller/Managers
* Reconcile and/or analyze account balances
* Prepare quarterly reports for Finance Department
* Prepare annual budget, goals and presentations
* Report government census
* Review and calculate incentives
* Support other section teammates
* Improve internal control and accounting system
* Answer internal inquiries regarding consolidated financial statements
* Other special projects and assignments
QUALIFICATIONS:
TECHNICAL JOB CRITERIA
Previous Related Experience Required
* Two years of experience in accounting; Consolidated financial statement preparation experience preferred. CPA firm experience is plus.
Technical Skills Required To Perform This Job
* Knowledge of GAAP and IFRS standards.
* Proficiency in Microsoft Office; strong Excel skill is essential.
* Basic SQL, Excel VBA or other relational databases knowledge preferred.
* Familiar with internet search engines for GAAP and IFRS standards.
* Excellent oral/written communication and presentations skills.
* Strong analytical skills and attention to detail.
Education
* Bachelor degree in Accounting or Business related majors with Advanced Accounting courses
Other Requirements
* Must have regular, reliable attendance as well as the ability to work outside the regular schedule as required.
* Need occasional travel for training, meeting or other assigned tasks.
* Need repetitive motions related to key-in when required.
* Total Housekeeping Management responsibilities for work areas and assigned work areas.
* Physical requirements include duties common to a regular office environment.
* Demonstrate exceptional teamwork and customer service; behave professionally; treat other with dignity and respect.
NDIVIDUAL SPECIFIC JOB TASKS. (Recurring actions, tasks and process that support and/or are needed to achieve Major Areas of Accountability. These tasks should include WHAT you do and HOW you do them. Begin each sentence with a verb using present tense, For example: "Resolve abnormal overtime", "Review vacation relief schedule", "Analyze financial report", and "Prepare sales report".
* Prepare monthly consolidation including the consolidating balance sheet, statement of income and statement of cash flows in accordance with IFRS and management purpose
* Prepare monthly cash flow explanation packages for management review.
* Analyze and reconcile elimination accounts including intercompany, investment and equity balances.
* Prepare monthly rollforward of various balance sheet accounts including equity, non- controlling interest and other accounts.
* Prepare monthly reporting packages for Corporate Controller's meeting with the Upper Management
* Prepare monthly reports required by Formosa Plastics Taiwan
* Reconcile monthly CIP and F/A balances and prepare monthly CIP and F/A rollforwards
* Review and post Form A registrations and payments, and reconcile quarter-end legal reserve
* Maintain the insurance system and the person in charge of Formosa Insurance Company
* Answer inquiries from different departments and external auditors regarding consolidated financial statements.
* Prepare month end close journal entries, reconciling accounts including legal reserve, insurance amortization, special charges/restructuring, shares, debt and interest as well as other corporate accounting activities.
* Assist with annual audit reporting including preparation and review of financial statements and footnotes.
* Prepare supporting documents of the IFRS 16 Leases for external auditors
* Prepare quarterly reports for Finance Department
* Support of supplemental schedule data compilation and corresponding reviews.
* Support internal audit documentation and testing of internal controls.
* Perform accounting activities and analysis of abnormal items, and other accounting/consolidation tasks
* Coordinate with other departments to obtain and present supporting documents in suitable explanation reports for questionnaires from internal/external auditors
* Assist in ensuring that all accounting policies and procedures and financial transactions are executed according to IFRS.
* Effectively and efficiently coordinate and follow company's policies/procedures to perform accounting daily routine functions.
* Prepare annual goal items and goal review presentations.
* Perform incentive review and provide accurate calculations on a timely basis.
* Provide accurate government census reports on a timely basis.
* Substitute for other team members if necessary.
* Assist Corporate Controller in special projects and assignments.
* Additional duties and tasks assigned by direct supervisor.
Check Out Our Benefits
Health Coverage and Perks
Excellent medical, dental, and vision insurance plans
Flexible spending accounts for health, dependent care
Short-term Disability
Long-term Disability
Group Term Life, Dependent and
Supplemental Life Insurance
Tuition Reimbursement
Work/Life Balance
10 Paid Holidays
Paid Time Off for a balanced life
(Vacation, Sick and Personal Time)
FlexTime Available
Competitive Compensation
Competitive salary, incentive/bonus, 401(k) plan with company match,
Cash Balance, Pension Plan
Other details
* Job Family SP
* Job Function R
* Pay Type Salary
Apply Now
* 9 Peach Tree Hill Rd, Livingston, NJ 07039, USA
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