Royal DSM is a global, purpose-led, science-based company active in Nutrition, Health and Sustainable Living. DSM’s purpose is to create brighter lives for all. DSM addresses with its products and solutions some of the world’s biggest challenges while simultaneously creating economic, environmental and societal value for all its stakeholders – customers, employees, shareholders, and society at large. DSM delivers innovative solutions for human nutrition, animal nutrition, personal care and aroma, medical devices, green products and applications, and new mobility and connectivity. DSM and its associated companies deliver annual net sales of about €10 billion with approximately 23,000 employees. The company was founded in 1902 and is listed on Euronext Amsterdam.
More information can be found at www.dsm.com.
Purpose of the job
Ensure effective and efficient execution of operational process in areas concerned
Service different countries supported by specific systems per country
Ensure service delivery of GL activities as agreed in the statement of work
Ensure meeting process KPIs / PPI’s as per agreed standards
Publish periodic reports
Global Service Center is a Shared Service Center which offers accounting services to many DSM components.
The Service Delivery unit GEMS is focused on delivery of the non-standardized services, where activities in different areas are executed by the same operational specialist, such as accounting to report in combination with accounts payable.
The combination can differ depending on the most efficient way to process the services.
The goal is to provide effective, efficient, and customer-oriented service delivery, based on a Service Level Agreement.
Service delivery incorporates: Accounting-to-report (included fixed assets), Financial Controlling, Commercial controlling, operational controlling, project accounting, accounts payable accounting, operational purchasing, payroll accounting, handling travel and expense claims, and cash management including hedging.
Key areas of accountability/responsibility
Execute operational activities in the following areas:
Ensure service is delivered in line with agreed controls and procedures
Activities are processed in different systems for different clients in a variety of countries.
Determining optimizations and standardizations in current way of working
In 1st 2 years involved in the migration of activities from the countries to the shared service center.
Per area following
Performing day to day close activities
Ensure adherence to Financial Closing Cockpit / Month end activities / close tasks
Monitor and analysis of General Ledger Accounts and in close liaison with Single Point of Contact and with streams suggest and implement possible solutions
Stimulate the improvements and standardization of processes within the General Ledger Department, in-order to increase efficiency and quality of the operations
Perform daily / weekly / monthly audits as per the process requirement
Work on special projects as needed
Support preparation of standard and ad hoc management reports through information verification, proofreading, assembly and other related activities.
Resolve all queries and disputes with appropriate stakeholders to maintain internal customer satisfaction
Prepare and Maintain integrity of the General Ledger reconciliations to appropriate sub-ledgers and supporting documents including month end reconciliation to the General Ledger
Provide General Ledger Accounting relevant procedures (instructions). Ensure procedures are up to date and fully complied with internal controls
Identify, analyze and resolve process issues and deliver clear and timely communication on all issues, both internal and external
Ensure service is delivered in line with agreed controls and procedures
Assist in budget preparations
Process final budget in SAP
Support in FOOP, CAPEX, OPEX and Management reporting & consolidation
Monitor accounting processing of FSS in line with DAR
Transfer pricing monitoring
Calculate journals for the financial part of the Enterprise Model (fees Tolling, stock-level management)
Ensure adherence to IFRS
Support Senior Financial controller in the contact with the Auditor for financial audit and as contact for 3rd party and non-financial audit
Maintain an open workable relation with the operational business controller and Accounting employee in FSS
Invoice processing with or without Purchase orders
Check invoices on completeness and correctness of data with regard to account
Assignment and (international) VAT aspects
Verify invoice against purchase order in the various ERP system predominantly SAP
Post the invoice in the integrated ERP system SAP
Communicate with to resolve any open items with vendors & blocked invoices for
AP (MRBR, VFX3)
Participate in the quarterly intercompany matching in SAP SEM
Initiate and organize the payment of the invoices
Participate in the Purchase To Pay process to achieve first time right handling of invoices by taken initiative for solving structural issues
Process incoming payments in Accounts Receivable (AR). Check and post bank Costs, discounts and payment differences.
Process incoming electronic statements. Prepare, check and transfer electronic
draft and direct debit collections (various systems in different countries).
Control the different clearing accounts. Correct internal Business Group payments received on wrong bank accounts.
Prepare payments of credit notes (incl. rebates) to customers, and process via Credit Management Department in Sittard to the responsible Business Group (BG).
Spot risks and non-conformities in accounts receivable process and initiate corrective actions.
Generate downloads from SAP and preparation for several reports. Register specific information in SAP as preparation for special reports (e.g. incorrectly) taken discounts by customers when applicable.
Prepare dunning proposals (for customer follows up for payments)Support Credit Controller in accounting tasks when necessary (clearing, correction postings etc.)
Communication across various internal DBS stakeholders (Front office, Credit Controller, CRAC employee, Key User)
Assess the creditworthiness of (potential) customers, expressed in risk categories, and advise credit limits per customer.
Keep the knowledge updated regarding customers’ creditworthiness by means of periodical reviewing, taking all available and valuable information into account, like financial reports visit reports from sales, the internet and third parties.
Achieve the Key Performance Indicators (KPIs) that has been agreed with the BG/BU/SUs.Keep up with financial developments in the assigned countries. Signal consequences with respect to credit risk issues in a timely way.
To grant credit limits in accordance with the authorization rules.
To assess the customers’ credit risk category, being of crucial importance in respect to SAP’s blocking system. To establish or modify the credit risk category of customers
Cash Management Activities:
Process Bank Statements in SAP
Booking of Bank Statements
Control and Analysis of relevant bank balance accounts
Make proposals for required General Ledger postings
Monitor outstanding debtors and creditors
Releasing of payments thru Treasury
Solve rejected payments
Process salary payments
Reconciliations of In-House cash with Treasury System
Complexity of the job
Monitoring of integrated accounting and reporting process for the customer and proactively
Multiple ERP environments (SAP and non-SAP)
Multiple stakeholders in different countries
Combining daily operations with migration activities
Knowledge and educational level
Master’s Degree in Accounting/Financial Controlling or Commerce
Knowledge DSM organization
Very good accounting knowledge
Good knowledge of SAP FiCo, Accounts payable and Procurement
Very good knowledge on procurement processes
Very good knowledge on account payable processes
Good knowledge of credit management processes
Good knowledge of Fiscal Reporting requirements
Knowledge of IFRS (preferred)
Good written and spoken English
Preference: Good written and spoken Spanish or Italian
Required level of experiences
Minimum 4 years of experience in General Ledger Accounting
Minimum 2 years of multi-national organization Experience
Minimum 4 years of proven experience in a multi-functional team, including Accounts Payable, General Ledger Accounting and Procurement.
Extended experience of working with SAP-FiCo
Extended experience of working with other ERP systems.
Experience with issue handling
Royal DSM is an equal employment opportunity and
affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, protected veteran status, status as a qualified individual with a disability, or any other characteristic protected by law.