Tax/Treasury Specialist

Requisition ID: 38921

Job Location(s):

Seoul, KR

Job Description

Danfoss Global Services (GS) stands at the forefront of operational excellence, offering unparalleled support across the diverse landscapes of Finance, Real Estate, Indirect Procurement, and General Administration. Our commitment to standardization and the strategic leverage of scale effects in end-to-end processes not only streamlines operations with productivity but also catalyzes the liberation of valuable time. As a cornerstone of Danfoss, GS is the catalyst for growth, the guardian of compliance, the architect of digitalization, and the pioneer of our internal energy transformation.

Role Summary

The Tax and Treasury Specialist plays a critical role in managing statutory financial and tax-related compliance tasks. This position requires thoroughness and attention to detail approach by handling both tax compliance and treasury functions effectively. The ideal candidate will be responsible for managing tax compliance, filing tax returns, and supporting treasury operations. This role demands strong knowledge of tax laws and regulations, skills to navigate right solutions and applicable rules and the ability to work independently as well as part of a team.

Our expectations

We’re looking for a proactive problem solver who actively seeks out necessary information. Whether through research, consulting external advisors, or other means, we expect you to understand and elaborate on complex tax and treasury matters. Additionally, maintaining a high level of professionalism is crucial. We value someone who takes initiative and identifies areas for improvement. The ideal candidate should also possess a sense of urgency, understanding the importance of timely responses and actions. Lastly, strong risk assessment skills are necessary for evaluating potential risks associated with financial decisions and proposing effective mitigation strategies.

Job Responsibilities

Responsibilities of this position include, but are not limited to, the following.

- Tax:

• Filing Tax Returns: Prepare and file various tax returns, including corporate income tax, VAT, and other applicable taxes, ensuring compliance with deadlines.

• Regulatory Compliance: Collaborate with federal, state, and local authorities to provide required information and maintain compliance with tax regulations.

• Audit Support: Lead and support corporate tax audits, addressing queries from tax authorities.

• Tax Knowledge Development: Stay informed about tax laws and provide proactive tax advice to internal teams.

• Treasury:

• Treasury Activities: Execute treasury activities in alignment with group treasury policies and local standard operating procedures (SOP).

• Bank Reconciliation: Manage bank reconciliation and prepare weekly bank balance reports. Banking Relationships: Administer local banking relationships.

• Foreign Exchange (FX) Transactions: Prepare monthly FX payments and relevant bank documents.

• Cash Forecasting: Create monthly cash forecasts and assist in annual dividend preparation.

• Risk Assessment: support finance manager to assess risks related to corporate loans, investments, and liquidity.

• Credit Management: Oversee corporate credit card management and customer credit reports.

• Collateral Management: Set up and manage collateral as needed. Guarantees/Bonds issuance and execution as per business requirements.

Background & Skills

At Danfoss, we believe that a diverse and inclusive workplace fosters creativity, innovation, and a broader perspective in decision-making. When you consider this job posting, do you feel like your profile is not a perfect match? Numerous studies have found that women and people of color are more likely to apply only when they meet all requirements listed in the job posting. Even if you do not check all the boxes, we encourage you to apply anyway. We are curious to find out how you can bring new insights to the role or to Danfoss as an organization.

The ideal candidate possesses these skills.

• Education: Bachelor’s degree in accounting or a relevant field.

• Certifications: USCPA or other relevant certification preferred.

• Experience: A minimum of 5 years of experience in finance and accounting or Tax area.

• Familiarity with SAP is preferred.

Employee Benefits

We are excited to offer you the following benefits with your employment:

• Bonus system

• Paid vacation

• Flexible working hours

• Possibility to work remotely

• Pension plan

• Personal insurance

• Communication package

• Opportunity to join Employee Resource Groups

• State of the art virtual work environment

• Employee Referral Program

This list does not promise or guarantee any particular benefit or specific action. They may depend on country or contract specifics and are subject to change at any time without prior notice.

Danfoss – Engineering Tomorrow

At Danfoss, we are engineering solutions that allow the world to use resources in smarter ways - driving the sustainable transformation of tomorrow. No transformation has ever been started without a group of passionate, dedicated and empowered people. We believe that innovation and great results are driven by the right mix of people with diverse backgrounds, personalities, skills, and perspectives, reflecting the world in which we do business. To make sure the mix of people works, we strive to create an inclusive work environment where people of all backgrounds are treated equally, respected, and valued for who they are. It is a strong priority within Danfoss to improve the health, working environment and safety of our employees.

Following our founder’s mindset “action speaks louder than words”, we set ourselves ambitious targets to protect the environment by embarking on a plan to become CO2 neutral latest by 2030.

Danfoss is an EO employer and VEVRAA Federal Contractor. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, or other protected category.

Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.

Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.

Our innovative engineering dates back to 1933. Danfoss is family-owned, employing more than 42.000 people, serving customers in more than 100 countries through a global footprint of 95 factories.

Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.

Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.

Our innovative engineering dates back to 1933. Danfoss is family-owned, employing more than 42.000 people, serving customers in more than 100 countries through a global footprint of 95 factories.