Financial Reporting

6 days ago

Kuala Lumpur, Kuala Lumpur, Malaysia BASF Full time

We are a leading chemical company, with the best teams developing intelligent solutions for our customers, and for a sustainable future.

We connect and develop people with diverse talents all over the world. For you, this means a variety of ways to progress.

Not only your performance but also your personality matter to us, regardless of gender, age, ethnicity, orientation, and background. At BASF, careers develop from opportunities.

Do you want to work with passionate teams, providing excellent business and digital services to the Asia Pacific region?

Do you want an open, supportive, and caring working environment?

Do you view your development needs seriously as we do?

If YES, then take your career to the #NextLevel with BASF

Objectives of the Position

  • Independently deliver Financial Reporting services to BSSCKL's customers in accordance with established Financial Reporting processes and work procedures and in compliance with BASF policies & guidelines, internal control requirements, local company legal and statutory requirements.
  • Ensure that timelines and quality meet the agreed service levels and targets.
  • Support and provide guidance to Analysts in performing Financial Reporting tasks.
  • Back up, assist with, and perform Financial Reporting tasks as required.

Main Tasks

Functional Tasks (including but not limited to):

  • Independently provide Financial Reporting transaction processing support and ensure delivery quality in terms of accuracy, completeness, and timeliness on a daily basis.
  • Perform and analyze booking of accounting transactions, fixed asset transactions, master data maintenance, and account reconciliation including account clearing.
  • Perform analytical review of profit and loss accounts and balance sheet, trend analysis, and transaction posting checks.
  • Prepare and coordinate for month-end, quarter-end, year-end, and statutory financial reports for BASF companies across Asia Pacific on a timely, accurate, and complete basis. This would include reports for group reporting, internal management reporting, statutory reporting, as well as any agreed ad hoc reports required e.g. audit schedules, tax schedules, etc.
  • Troubleshoot and liaise with relevant stakeholders to resolve issues and queries related to Financial Reporting processes.
  • Contribute or participate in working groups (i.e. Smart Close, Final Sprint, RRM, CbCR & etc.) with specific expertise knowledge.
  • Perform backup and other duties as and when required or delegated.

Compliance and Quality

  • Participate in any compliance audits and respond to audit queries.
  • Responsible for ensuring all work documentation and work processes are updated in compliance with BASF policies & guidelines, Financial Reporting Compliance requirements, local company legal and statutory requirements.

Continuous Improvement and Projects

  • Identify, recommend, and implement solutions for continuous improvement opportunities.
  • Contribute and drive the implementation of project initiatives e.g. technology enhancement, internal control, merger, and acquisition, etc.
  • Lead local projects and participate in regional projects.

Knowledge Management

  • Contribute inputs to maintain and update a set of comprehensive and complete training materials for Financial Reporting functional training.
  • Contribute to Financial Reporting internal control measures.
  • Contribute to knowledge database by updating company-specific procedures and issue logs (including resolution and preventive action) to facilitate continuous learning, development, and knowledge retention.
  • Support new and existing team members through effective knowledge transfer and sharing of best practices for sustainable development of knowledge within the team.
  • Conduct functional training in accordance with established training structure (when necessary).

Frequent collaboration with relevant stakeholders:

  • Counterparts in BASF companies, internal/external auditors, external consultants, and BSSCKL cross-functional units.
  • Specialists, Experts, Assistant Managers, Managers, Department Head, Analysts, and peers.
  • Corporate Finance unit.
  • Global Financial Reporting functional units.

Degree of Supervision Required in the job:

  • Work with minimal supervision.

Minimum Education and Qualification Required for the Position

Education:

  • University degree in finance and accounting or business studies; and/or
  • Chartered or Certified Professional Accountant or equivalent.

Working Experience:

  • Minimum 3 years' experience in Financial Reporting or other accounting function. Competent candidates with lesser years of experience are considered.
  • Preferably experience working in SAP system or other major ERP system's work environment.
  • Experience in a shared service or business process outsourcing engagement will be an added advantage.
  • Experience working in a MNC or Malaysian Public listed company preferred.

Technical & Professional Knowledge:

  • Knowledge and understanding of Financial Reporting and other accounting functions.
  • Knowledge and experience of MS office tools.
  • Proficiency in English and other languages required with good communication skills.

BASF Asia-Pacific Service Centre was established in 2005. Located in Kuala Lumpur, the regional service hub has approximately 1,200 employees and growing. Focused on being a competency and digitalization driven hub, it also provides quality functional and know-how services in the areas of finance, controlling, human resources, real estate and facilities management, communications, environmental, health and safety, procurement, import-export order management, and information services to BASF companies and affiliates in the Asia Pacific region. BASF also has two other regional hubs located in Berlin, Germany, and Montevideo, Uruguay that cover the Europe and Americas regions.

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. BASF generated sales of €68.9 billion in 2023. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at

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