Senior Manager, Financial Reporting and US GAAP, Regional Controllership

Job title: Senior Manager, Financial Reporting and US GAAP, Regional Controllership

Company:


Job description: Overview COMPANY OVERVIEW: Herbalife Nutrition is a global nutrition company whose purpose is to make the world healthier and happier. The Company has been on a mission for nutrition – changing people’s lives with great nutrition products & programs – since 1980. Together with our Herbalife Nutrition independent distributors, we are committed to providing solutions to the worldwide problems of poor nutrition and obesity, an aging population and skyrocketing public healthcare costs, while supporting the rise in entrepreneurs of all ages. Herbalife Nutrition offers high-quality, science-backed products, most of which are produced in Company-operated facilities; one-on-one coaching with a Herbalife Nutrition independent distributor; and a supportive community approach that inspires customers to embrace a healthier, more active lifestyle. Herbalife Nutrition’s targeted nutrition, weight-management, energy and fitness, and personal care products are available exclusively to and through dedicated Herbalife Nutrition distributors in more than 90 countries. Through its corporate social responsibility efforts, Herbalife Nutrition supports the Herbalife Nutrition Foundation (HNF) and its Casa Herbalife Nutrition programs to help bring good nutrition to children in need. Herbalife Nutrition is also proud to sponsor more than 190 world-class athletes, teams and events around the globe. Herbalife Nutrition has approximately 8,300 employees worldwide, and its shares are traded on the New York Stock Exchange (NYSE: HLF) with net sales of approximately $5.5 billion in 2020. POSITION SUMMARY STATEMENT (defines the major functions/purpose of the position) This position is based in Malaysia GBS and reports directly to Regional Controller APAC & China and is responsible for (1) US GAAP compliance program in the APAC region. This will include monitoring compliance with US GAAP at the region and country level, providing training on US GAAP and IFRS to region and country, leading IFRS implementations at the country level and providing accounting analysis and recommendations for one-off transactions in the region. (2) Financial reporting compliance for the APAC region, including but not limited to leading the APAC regional accounting team in reviewing financials closings on monthly basis, streamlining the financial closing/reporting process, co-ordinates with Country Finance on ensure all statutory audits are completed on time. (3) Coordinating with relevant stakeholders to manage projects to achieve the desired processes, quality and outcomes for Controllership from financial operational perspective.(4) Provide oversight and act directly with GBS leadership on behalf of Regional Controllership; (5) to support Regional Controller APAC & China for any ad hoc subjects where requested. Job prerequisites – CPA or equivalent with a minimum of six (6)+ years of Big-Four firm audit experience including managing audits of US GAAP reporting entities. Overall the candidate should have a minimum of eight (8)+ years of accounting experience with US GAAP reporting entities; SEC reporting and ASC 606 / 842 experience strongly preferred. The candidate should be able to research accounting issues and present solutions. In addition the candidate should have a good working knowledge of IFRS and should be able to speak and write fluently in English. The candidate should be experienced in financial closings. Understand the operational and system constraints and able to guide the team for quality and timely preparation/review of financial statements. DETAILED RESPONSIBILITIES/DUTIES: Accounting and Reporting Supports the APAC team in preparing the monthly financial statements on timely and accurate manners, including streamlining the closing process where appropriate; Reviews new/significant transactions reported by Country Finance to ensure they are properly and timely accounted for; Identifies accounting issues or potential issues in the region and provide accounting guidance; Leads the standardization of accounting procedures/practices across the region/Company; Leads the team in formulating and standardizing the financial reporting packages at Country/Regional level; Leads Country Finance in the discussion of audit/accounting findings with external auditors where Country Finance requires support, or if we have different opinions with auditors, escalate accordingly and align with Regional Controller/Corporate before a conclusion is drawn; Ensures US GAAP compliance in APAC including but not limited to ensure proper implementation of Statutory/US GAAP account reconciliations; Participates in drafting and implementing Corporate accounting policies, including but not limited to proper communication to Countries/incorporation of APAC specifics prior to finalization; Supports Corporate financial reporting team in areas such as research on accounting rules, commenting on accounting white papers, etc. Ensures proper Corporate reporting requirements are met per the Company’s policies such as Significant Transactions policy; Reviews country statutory accounts and audit findings for any unusual items that may indicate potential regulatory risks and significant misstatements in US GAAP reporting; Financial Analysis Prepares quarterly sales analysis to support MD&A in 10Q/10K filings; Reviews all earning releases/SEC filings related to APAC to ensure accuracy; Leads APAC regional team in monitoring marketing plan, payout % and evaluate its impact over financials; Team Training Provides trainings to APAC Controllership in the application of US GAAP and Corporate accounting policies; Identifies areas where additional training/resources are required, formulates and implements effective training programs; Trains the trainer for US GAAP compliance reviews; Completes the Corporate US GAAP compliance program for each country in the region on regular basis; Interaction with GBS, Projects and Others Provide the oversight on the GBS Finance operations on behalf of APAC regional controllership; Provide feedback, advices, best practices and trainings to both GBS and local Controllership teams in order to continuously improve the quality and efficiency in Company’s Finance operation; Be the vocal point for the Projects that impact APAC’s finance operations, processes and internal controls etc; Provide timely feedback to relevant stakeholder in order to manage the quality and outcomes of these projects from Finance operation perspective; Ad hoc projects as assigned by Regional Controller APAC & China ORGANIZATIONAL RELATIONSHIPS: Direct reports to the Regional Controller APAC & China and dotted line reporting to Sr. Director, Corporate Financial Reporting Regional team members will be also engaged in supporting Regional Controllers in the co-ordination and implementation of ad hoc projects and/or Country Operations Qualifications REQUIRED QUALIFICATIONS: Skills Required Sufficient US GAAP knowledge to prepare and file US SEC Form 10-K or equivalent Strong working knowledge of IFRS Preferred Inventory and cost accounting experience Experience: Required Minimum of six (6) years of Big Four firm audit experience Minimum of eight (8) years of overall accounting experience Preferred Consumer markets audit or accounting experience with thorough understanding of operational accounting Education: Required Bachelors or equivalent in accounting. CPA or CA certificate or equivalent. PHYSICAL DEMANDS: In general, the following physical demands are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to allow differently-abled individuals to perform the essential functions of the job. Must be able to see, hear, speak and write clearly in order to communicate with employees and/or other customers Manual dexterity required Light: Office work, some lifting, considerable walking WORK ENVIRONMENT: In general, the following conditions of the work environment are representative of those that an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to allow differently-abled individuals to perform the essential functions of the job within the environment. The office is clean, orderly, properly lighted and ventilated Noise levels are considered low to moderate Terms of Use Privacy Policy

Expected salary:

Location: Kuala Lumpur

Job date: Fri, 28 Mar 2025 23:43:37 GMT

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