Finance Manager CCM China

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Description

BASF has been a committed partner to Greater China since 1885. With large production sites in Shanghai, Nanjing and Chongqing, as well as a global and regional research and development hub in Shanghai, BASF is a major foreign investor in the country’s chemical industry. BASF posted sales of approximately €8.5 billion in 2020 to customers in Greater China and employed 8,948 people as of the end of the year. For further information, please visit www.basf.com/cn/en. 

Objectives:

• This position is responsible for providing Controlling activities for the business unit Precious and Base Metals Services (CCM) in China, including CCM/Trading (BMSL) & CCM/Refining (BACH PGM Plant). CCM involves the precious metal and foreign currency trading and hedging using finacial derivative products, like forwards and futures. The position provides for financial reporting in accordance with internal and external requirements and regulations. The Finance Manager China complies with BASF guidelines, including risk management and Financial Reporting Compliance. The position is responsible for tax and statutory reporting for the assigned locations.

Main Tasks:

Principal responsibilities include but are not limited to:

• Financial Accounting, Reporting & Planning
  • Accountable to ensure the preparation of all financial and economic data and reports relating to strategic and operational planning. 
  • Accountable to ensure the implementation and maintenance of appropriate reporting process to effectively and efficiently measure business performance and results.
  • Responsible to ensure the preparation and communication of information as to meet financial reporting obligations for the business unit, division and regions.
  • Responsible for price negotiation within group companies.
  • Responsible to communicate and confirm the rule with HQ Finance in Germany for irregular reporting items, like currency exposure.
  • Responsible to handle accounting transactions in accordance with appropriate Financial Reporting Standards.
  • Responsible to ensure preparation of accurate daily dealing P&Ls and regular review of accounts and balance sheet. Produce reports in line with internal and external requirements.
• Tax Management
  • Responsible to provide accurate information to tax advisors as required for preparation of annual corporate tax computations.
  • Responsible for tax-related inquiries and requirements, e.g. preparation of tax returns for all companies in the area of responsibility and assessment of tax treatment for new businesses.
  • Responsible to ensure awareness of and compliance with new tax regulations in conjunction with the corporate tax department (ZR).
• Change Management
  • Responsible to lead and promote continuous process improvements of all existing process.
  • Responsible to lead change management by managing change management activities across all aspects of the projects.
• Treasury
  • Responsible to ensure that bank facilities, controls and signatories are appropriate to the needs of the business in conjunction with the corporate treasury department.
  • Responsible to ensure cash management, including management of foreign exposures, is in accordance with BASF guidelines.
• Compliance
  • Responsible to ensure that a robust system of internal controls exists in order to satisfy internal, year-end, Financial Reporting Compliance (FRC) audits and government regulatiors in a timely manner, including an update of Process Controls as and when required.
  • Responsible to ensure that BASF guidelines are properly implemented and that requirements are fulfilled in a timely manner.
• Leadership
  • Responsible to provide leadership and direction to the team members to ensure key milestones and objectives are met.  Utilize appropriate leadership techniques to create and foster a positive, high performance work environment and provide appropriate career growth and development opportunities for the team.
  • Responsible to ensure appropriate staffing. Identify and facilitate training and development measures for employees.

Requirements:

• Education & Qualification: Bachelor’s degree in Accounting, Economics or Finance; Certified Public Accountant (CPA) preferred. Finance master degree is a plus.   
• Working Experience: 10 years of progressive controlling / planning / finance / accounting experience, preferably in both an operational and corporate environment
• Technical & Professional Knowledge:
  • People management experience.
  • Knowledge of BASF financial policies, practices and procedures including the demonstrated ability to consistently and appropriately interpret, communicate and enforce.
  • Solid knowledge / understanding and applicability of International Financial Reporting Standards (IFRS).
  • Working knowledge / familiarity with international regulations and laws on accounting and taxation.
  • Expert knowledge of accounting theory and practice, cost accounting and systems, budgets, financial/economic analysis, planning and internal control methodologies.
  • Demonstrated ability to communicate, interact and influence effectively with all levels of global personnel and management including appropriate oral and written presentations.