Accountant

Hasbro European Services provides various services to Hasbro business units in Europe and the Middle East and Africa.

Main Purpose of role

•  Supervise and review the preparation of monthly, quarterly, and annual reporting requirements for Hasbro Middle East & North Africa in line with US GAAP and corporate policies.
• Reconcile EMEA intercompany balances, investigate variances and ensure compliance to intercompany procedures and policies.
• Inventory accounting: Ensure Inventory, Material Price Variance and Cost of Sales calculations are accurate and in line with US GAAP and corporate policy

Specific Responsibilities/Tasks:  

 Inventory Accounting
•    Ensure Inventory and Cost of Sales calculation are in line with Hasbro SA approved policy:
•    Calculate cost of goods sold and material price variances with recommended deferment to balance sheet or release to P&L.
•    Provide support to local finance teams in margin/ variance explanations.
•    Review goods in transit to intercompany accounts receivable statement; prepare goods in transit report at month end reporting.
•     Review current processes and look for ways to enhance efficiency.
•    Monitor duty & freight costs to ensure these costs are justifiable.
•    Monthly review and check freight & duty accruals sent by the distribution centres
•    Prepare inventory report for EU finance to prepare obsolescence calculation.

Forecasting and Variance analysis
•    Prepare MPV forecast and variance analysis EMEA markets.
•    Prepare Monthly Cash rolling forecast for EMEA markets.

Hasbro MENA
•    Hold overall accountability for production of the monthly, quarterly and annual reporting requirements, proactively ensure they are accurate and delivered to deadline for all responsible markets, in line with Corporate and regulatory policies, procedures and guidelines.
•    Ensure all balance sheet reconciliation for all responsible markets are prepare and reviewed on a regular basis, and all review points are followed up and potential risks or opportunities are communicated to Financial Accounting Manager on a timely basis.
•    Provide meaningful explanations for large variance to balance sheet and P&L movement to prior year to financial controllers to report to European Finance on any potential issues identified for the KPMG quarterly calls. 
•    Review preparation of VAT returns to UAE financial authorities, and liaise with indirect tax team to investigate and resolve any unusual VAT transactions, and responsibility for resolution of any queries from UAE Federal tax authority
•    Overall responsibility for producing MENA statutory accounts for audit by Baker Tilly
•    Submission of information as required to UAE authorities including ‘Economic Substance Review’.

Payroll
•    Ensure payroll process runs by liaising with the HR department
•    Ensure all payroll accounting is accurate 
•    Ensure all payroll reporting requirements are met.

Taxes – from 2024
•    Review US GAAP Tax schedules at year end for MENA;
•    Assist the external tax advisors with the preparation of the tax return for MENA
•    Ensure you seek approval from Corporate Tax department and are able to explain the variances from year end submission actual Corporate Income Tax return.
•    Assist the International Tax team with the preparation of the transfer pricing documentation for the Netherlands entities.

Audit & SOX
•    Work with Internal audit department for areas under responsibility. 
•    Assume responsibility for the SOX controls for areas of responsibility.
•    Take responsibility in ensuring all necessary Corporate Business processes are followed.

Intercompany Accounting
•    Ensure complete and timely reconciliation of intercompany balances across all entities within the EMEA region, investigate variances and follow up to ensure corrections are carried out and balances are variances are materially eliminated.
•    Monitor compliance of other depts to ensure procedures and policies are followed, and follow up where necessary to make sure the process is fully understood across EMEA finance depts.
•    Ensure that intercompany payments process is clearing all outstanding balances and not causing any intercompany variances, and aged balances are cleared.

Other
•    Prepare Open PO accrual and prior year usage file.
•    Ad hoc tasks as directed by Financial Accounting Manager and Financial Accounting director.