Regional Controller, Asia
Incheon, - Full Time

The Regional Controller - Asia will lead the accounting, tax and compliance functions of Stanford’s entities located in Asia. He/She will be an employee of Stanford University’s South Korea subsidiary, Jaedan Bupin Stanford Center in the Republic of Korea, and will be a key member of the Stanford-based Global Business Services (GBS) department within Financial Management Services (FMS). The role will report to the Director of Global Finance Operations based in California, and have entity-level management responsibility for international business operations, accounting and tax functions for Stanford’s growing legal entity footprint in Asia. This is a hands-on financial management and accounting role requiring experience in international (IFRS) accounting, financial reporting, tax, operations, cash management and systems.

This position will be located in South Korea, with responsibility for entities in South Korea, China, and Japan. The first year will be focused exclusively on setting up the entity-level operational processes of our newly incorporated entity in South Korea (accounting, tax, and other compliance requirements).

CORE DUTIES:

  • Collaborate with program employees and management (both in countries and in California) on day-to-day financial, tax and accounting operations of each entity within the region.

  • Develop and deliver both short and long-term complex analyses and high-level strategic modeling.

  • Plan, direct, and monitor all budgets for areas of responsibility. Manage business operations and administration of several functional areas. Support budgeting process for local programs and for GBS.

  • Develop and manage compliance calendars for each company within the Asia region.

  • Oversee the daily activities for GL, AP, AR and revenue cycles.

  • Manage monthly and quarterly close processes with a focus on driving improvements.

  • Oversee cash management functions including bank reconciliation, wire approvals, processing of payment files, cash monitoring and other cash compliance requirements

  • Review account reconciliations and journal entries.

  • Provide oversight for timely and accurate payroll processing partner with payroll service provider and transmit salary files for processing.

  • Manage the annual audit process for each subsidiary within the region (where applicable) as well as interact with internal audit teams.

  • Oversee the programs, processes, and policies designed to provide a strong system of internal controls to protect and steward university assets and other resources; establish the appropriate "tone-at-the-top" to safeguard assets and lead compliance initiatives for the organizations within the region.

  • Together with key stakeholders, refine and implement policy, procedure and internal control frameworks for in-country operations.

  • Consult and advise senior leadership on financial issues, compliance, and risk management.

  • Make recommendations and negotiate and influence issues related to university accounting policy; provide strategy, vision, and direction with wide scope and impact.

  • Partner and work closely with other members of the GBS team based in California as well as key partners in the following departments: Treasury, Global HR, Legal, IT.

  • Identify and help resolve issues of substantial significance that affect the accounting, tax and compliance of entities within the region.

  • Drive continuous critical analysis of existing systems and processes; identify need for new systems; develop and present proposals.

  • Initiate and drive process improvements for greater accuracy, financial control and efficiency.

  • Support the ongoing implementation of a SAAS-based global Consolidation System in countries within the Asia region.

  • Act as business owner on major initiatives; lead complex, high-visibility process redesign and innovation projects; develop and implement initiatives.

  • Manage the work of other employees, and determine staffing needs. Make hiring decisions, provide coaching, training, and mentoring, and manage performance.

  • Develop and ensure succession planning within the area of responsibility.

* Other duties may be assigned

 

MINIMUM REQUIREMENTS:

  • Certified Public Accountant/Chartered Accountant or equivalent required. Master’s degree desirable.

  • At least eight years of relevant experience.

  • Public accounting experience (Big 4 preferred).

  • Excellent command of the English language.

  • Knowledge of and ability to apply IFRS reporting standards. Hands on experience with preparation of IFRS-based financial statements is required.

  • Knowledge of and ability to apply international tax principles.

  • Strong understanding of complex business models.

  • Advanced communication skills to clearly and effectively communicate information verbally and in writing to internal and external audiences, client groups, and all levels of management.

  • Advanced analytical skills to review and analyze complex financial information.

  • Strong leadership and strategic management skills.

  • Demonstrated experience influencing people over whom there is no direct authority.

  • Knowledge and understanding of accounting systems, including experience in implementing accounting systems for global use. Knowledge of Oracle Cloud ERP applications desirable.

  • Advanced knowledge of Microsoft and Google applications as well as familiarity with Slack, Zoom or other collaboration/communication tools.

  • Experience working in pan Asian countries desirable.

Stanford University is one of a select group of American universities that have achieved eminence in both undergraduate and graduate education and in a broad range of academic disciplines. The University is internationally recognized for the quality of its teaching and research, its distinguished faculty and its outstanding student body. Our mission is to educate future leaders and promote interdisciplinary, world-class research and teaching. This passion makes Stanford an intensely creative, rewarding, and challenging place to work.

Financial Management Services (FMS) is Stanford’s central finance function. Our goal is to lead, drive and model best practices in financial management for the campus community. FMS promotes a culture of continuous improvement. Within FMS, Global Business Services (GBS) is responsible for the regulatory compliance and maintenance of the University’s growing footprint of non-investment foreign legal entities in Asia, Africa, Europe and the Americas. Additionally, GBS addresses business risk issues, regulatory compliance and operational support needs for Stanford’s outbound global activities. Our strategic goal is to improve management of global risk associated with Stanford University’s foreign activities. GBS has taken a leading role, shaping broad University policy and procedures, and developing enabling business infrastructure for the Stanford community engaged in University activities outside of the United States. GBS responds to US regulatory reporting requirements and seeks to enhance overall global regulatory compliance, while also providing enabling resources and services to make working abroad easier, allowing the academic community to dedicate more time to value-added program activities.