Our client, a software development company, is looking for an Internal Accounting Director to join their team on a temporary basis. This position has the potential to go permanent for the right candidate.
The office is in the Sydney CBD. Initially, you will be expected to work onsite 5 days a week to familiarise yourself with the role. After the initial period, hybrid working flexibility will be available.
The Internal Accounting Director will manage the company's accounting operations, focusing on R&D reports and claims to maximise benefits under the ATO R&D Tax Incentive programme. This role demands thorough knowledge of Australian tax laws, ATO guidelines, and Australian Accounting Standards to ensure compliance and accuracy. Collaboration with R&D, legal, and tax teams is essential, and experience with the UK's R&D Tax Relief scheme is highly desirable for adaptability.
Responsibilities:
- Prepare and submit R&D Tax Incentive applications to the ATO, ensuring compliance with the Income Tax Assessment Act 1997 (Division 355).
- Maintain comprehensive knowledge of ATO R&D Tax Incentive requirements, including eligibility criteria and compliance obligations.
- Collaborate with R&D teams to document core and supporting R&D activities, ensuring alignment with ATO definitions and AusIndustry guidelines.
- Accurately calculate qualifying R&D expenditures, including employee costs, contractor expenses, materials, and associated overheads.
- Compile detailed records to substantiate R&D claims for ATO and AusIndustry reviews or audits.
- Coordinate with the ATO and AusIndustry to register R&D activities, respond to compliance reviews, and address enquiries or audits.
- Calculate and report feedstock adjustments for R&D activities involving goods or materials transformed or processed.
- Manage general ledger activities, financial reporting, and budgeting processes, ensuring compliance with Australian Accounting Standards (AAS) and IFRS.
- Ensure R&D-related expenses are accurately recorded, allocated, and tracked within the company’s accounting systems.
- Develop and implement cost allocation methodologies to track R&D expenditures, including direct and indirect costs.
Requirements:
- Bachelor’s degree in Accounting, Finance, or a related field; CPA Australia or CA ANZ certification preferred.
- Working holiday visas considered
- Minimum of 7-10 years of accounting experience, with 3-5 years in a leadership role.
- Proven experience preparing R&D Tax Incentive claims or managing R&D financial reporting in Australia.
- Experience with the UK’s R&D Tax Relief scheme
- Familiarity with ATO and AusIndustry compliance processes for R&D activities.
- Advanced proficiency in accounting software (e.g., MYOB, Xero, SAP) and financial reporting tools.
- Strong knowledge of Australian Accounting Standards (AAS) and IFRS.
- Expertise in Microsoft Excel for financial modelling and R&D cost analysis.
- Exceptional attention to detail and analytical skills.
- Strong communication and interpersonal skills.
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
What you'll get in return
- Full-time position with occasional overtime during peak periods.
- Hybrid work arrangement with flexibility based on company policy.
- Competitive salary and comprehensive benefits package, including superannuation, health insurance, and performance-based bonuses.
What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV.
If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion on your career.
LHS 297508