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Eaton Corporation Statutory Accountant in Budapest, Hungary
Join Eaton and help us provide energy-efficient solutions that have a real impact on the environment. We make what matters work. Find out more on https://www.youtube.com/watch?v=baa_aiJ4L7E
Do you want to work for a global player, where we care about ethics, inclusion and diversity and our people?
The primary function of this role is to assist the Country Controller in ensuring its many & varied obligations are met, driving to improve & standardise Country accounting processes (both corporate and business operations).
The role provides financial leadership on statutory accounting/audits, corporation income tax and indirect tax accounting for the countries. The incumbent supports end to end process improvements projects, working with other process stakeholders to improve process efficiency, effectiveness and internal control and is a proactive business partner to Operations, enabling the Operations Finance team to focus on business issues.
This function will closely operate with various Corporate Departments (Tax, Treasury, Accounting, Legal, others), WHQ Global Financial Accounting teams, the Global Financial Services and Systems teams (GFSS), and Operating divisions in Country. Acts as a liaison with the Shared Service Center and the ledgers in the country to ensure Oracle or SAP implementation and possible migration of transaction activities to the ISSC.
Supports the Country Controller in ensuring all goals and targets associated with internal controls, internal auditing, external audit, statutory reporting and financial advice are met. Responsible for ensuring compliance with Corporate Policy and legal requirements; functions as an agent of change to improve systems and procedures. This position is responsible for successful liaison among internal audit, WHQ/EHQ accounting, treasury, tax, legal and operations on matters involving both U.S. reporting and the differing local statutory accounting and tax compliance requirements.
Your main duties:
Maintain up to date documentation of local statutory requirements (deadlines, accounting policy, adjustments etc).
Produce statutory entity accounts under local GAAP for each financial year in line with timetable
Review and/or prepare data required for the completion of all statutory filings, prepare and submit quarterly and annual statistical reports for entities subject to reporting requirements (if applicable)
Participation in the statutory audits. Closely operate with the external providers.
Ensure compliance with USGAAP accounting and Eaton financial policies
Managing the reconciliation between US GAAP books and statutory books
Support Thomson Reuters statutory reporting tool implementation and ensure effective usage of the system
Taxes: timely and accurate calculation of tax liability; conducting reconciliation between taxable income or loss and the net income or loss resulting from the statutory books; support external and internal tax audits including Tax Inspections; preparation and filing of the tax information as required by local tax law
Assisting in the implementation of internal controls
Manage & improve financial controls & processes while mitigating issues.
To co-ordinate and act as a consultant, in the provision of advice and technical assistance to all in-country operating divisions, World Headquarters and European shared service center, on: central systems, technical accounting issues, VAT, fiscal matters, and compliance in accordance with fiscally acceptable criteria and risk management objectives
To advise, guide and support the implementation to all Eaton in-country divisions of uniformity of financial accounting systems; ensure that modifications in systems and procedures due to changes in legal, fiscal and corporate requirements are coordinated; maintain the integrity of legal entity and fiscal accounting while minimizing expense to effect such changes.
Reviewing and reconcile the Fixed Asset additions, disposals, depreciation between FA ERP’s module and GL accounts for the LEs.
Support intercompany recharges for the EMEA region, ensuring invoicing accuracy and timeliness by working in close collaboration with the transfer pricing, supply chain, IT and treasury departments as well as global financial accounting and the shared service centers
Assist the local Country Controller in ensuring its many & varied obligations are met, driving to improve & standardise Country accounting processes
Undertake a range of other ad-hoc activities as the local country finance representative (i.e. one-off admin tasks required onsite).
Ensure ethical standards are maintained in a manner that accrues maximum benefit to Eaton across all divisions
Bachelor’s degree in Accounting, Finance or Business Administration or equivalent
3-5 years of financial experience in finance/ accounting and/or auditing within a multinational (manufacturing) environment
Excellent knowledge of local statutory reporting requirements and US GAAP
Experience in SAP/Oracle is an advantage
Practical knowledge of corporate income tax /indirect taxes (FAS 109)
Experience of best practice implementation/end to end process improvement in accounting & reporting
Able to work as part of a team, adhere to company standard processes, practices & policies
Excellent working knowledge of the English. Another European language is an advantage
Effective communication skill essential
Demonstrable continued personal development in both technical and behavioral areas
Ability to operate and deliver independently without day-to-day supervision and work proactively taking the ownership on the given scope
Then we want to hear about you!
What Eaton offers:
Competitive compensation and benefits package
Excellent working environment – safety and ethic are important for us
Culture & Values – We are more than the products we invent and produce – the way we do business is just as important. At Eaton, our values and culture define who we are – both individually and as an organization – and direct our activities every day
Learning & Development - We invest in our employees for the long term – not just with salary and benefits, but with ongoing learning and development opportunities made available through Eaton University
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society. Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries.
Our culture is built on a strong commitment to practicing our core values and supporting our employees with the tools they need to succeed. We have demonstrated our passion for sustainability with the announcement of cutting carbon emissions from the company’s operations by at least 50 percent by 2030.
Eaton is committed to having a workforce that is diverse and non-discriminatory at all levels, reflecting the diversity of our customers and the varied environments in which we conduct business around the world. Our success depends on our ability to attract and retain the very best people unlimited by race, color, social or economic status, religion, national origin, marital status, age, disability, veteran status, sexual orientation, gender identity or any protected status. Eaton follows relevant non-discrimination laws and regulations in the countries where we operate. It is the policy of the Company to make all decisions regarding employment, including hiring, compensation, training, promotions, transfers, or lay-offs, based on the principle of equal employment opportunity as defined above.
Region: Europe, Middle East, Africa
Organization: Corporate Sector
Job Level: Individual Contributor
Is remote work (i.e. working from home or another Eaton facility) allowed for this position?: Yes – Hybrid
Does this position offer relocation?: No