Job description
Job Title:
Statutory Accounting Lead
Department:
Finance Department
Location:
Limassol, Cyprus or remote
Reports To:
Chief Financial Officer
Job Summary:
The Statutory Accounting Lead will oversee statutory compliance and financial reporting for the company’s legal entities registered across multiple jurisdictions (e.g., Cyprus, Ukraine, Latvia). This role involves managing in-house accountants, supervising external accounting service providers, ensuring timely and accurate financial reporting, tax compliance, and optimizing tax planning within the group. The position also includes responsibility for managing audits and acting as the key liaison with external auditors, ensuring audit processes are completed efficiently.
Key Responsibilities:
1. Financial Reporting and Compliance
• Ensure the timely preparation and submission of statutory financial statements for all legal entities in compliance with local regulations.
• Oversee month-end and year-end close processes for all entities.
• Collaborate with auditors during statutory audits, provide requested documentation, and ensure timely resolution of audit findings.
2. Tax Compliance and Planning
• Supervise the preparation and submission of tax returns, including VAT, corporate income tax, and other statutory taxes.
• Develop and implement tax planning strategies across the group of entities to optimize tax efficiency while ensuring compliance.
• Monitor changes in tax regulations in relevant jurisdictions and assess their impact on the group.
3. Audit Management
• Act as the primary point of contact for external auditors conducting statutory audits of the company’s legal entities.
• Coordinate the collection and submission of all required audit documentation.
• Address audit queries and ensure successful and timely completion of the audit process.
• Implement corrective actions based on audit findings to improve statutory compliance and internal processes.
4. Team Management
• Lead and mentor a team of in-house accountants, fostering a high-performance and collaborative work environment.
• Coordinate workload distribution, ensuring adherence to deadlines and standards.
• Provide training and guidance on local statutory and tax regulations, as required.
5. Coordination with External Providers
• Manage relationships with external accounting service providers for outsourced entities.
• Review and validate deliverables from external providers, ensuring accuracy and compliance with local laws and company standards.
• Implement controls to monitor the quality of outsourced accounting services and negotiate service-level agreements as needed.
6. Process Improvement and Standardization
• Develop and maintain accounting policies, procedures, and systems to ensure consistency and efficiency across jurisdictions.
• Identify opportunities for automation or process improvement in accounting and reporting.
Key Qualifications and Skills:
Education & Certification
• Bachelor’s or Master’s degree in Accounting, Finance, or a related field.
• ACCA, CPA, or equivalent professional qualification (preferred).
Experience
• Minimum 5-7 years of experience in statutory accounting, with at least 2 years in a leadership role. Big 4 experience would be advantageous.
• Proven experience working with legal entities across multiple jurisdictions, especially in Europe (Cyprus, Ukraine, Latvia preferred).
• Experience managing external accounting providers and overseeing audits.
• Hands-on experience managing external audits, including preparation and communication with auditors.
Skills
• Deep knowledge of IFRS and local AP in relevant jurisdictions.
• Strong understanding of tax regulations and compliance requirements in the jurisdictions involved.
• Excellent leadership, communication, and negotiation skills.
• Proficiency in accounting software and ERP systems.
Languages
• English - intermediate; knowledge of other relevant languages (e.g., Greek, Ukrainian, Russian, Latvian) is an advantage.
