John(Yeonghoo) Choi

Master's

Accounting

POSCO INTERNATIONAL AMERICA CORP.

ACCOUNTING ASSOCIATE

• Prepare basic financial statements and notes to the financial statements for HQ’s consolidated financial statements • Make periodic adjusting entries for closing company’s financial statements including prepaid and accrual accounts • Assess risks and effectiveness of internal controls for SOX compliance by testing and identifying areas of non-compliance • Conduct a cut-off testing to see if sales and purchases are recorded according to INCOTERMS, ASC 606 and IFRS 15 • Communicate with an external auditor about the results of the test of controls and confirmation in all accounts • Conduct a monthly inventory reconciliation including a physical counting and advise to correct the discrepancy • Reconcile the balances in the company’s book to the bank balance for all cash accounts on a weekly basis • Manage company’s fixed assets using the depreciation schedule and leased assets recognized under ASC842 and IFRS16 • Value inventory at lower of cost or market by collecting contract and market data, and estimating net realizable value • Deal with income tax compliance including estimated payments, quarterly income tax provision and deferred tax items • Comply with state and international tax obligations for property, sales & use taxes in the North America area • Write a performance review report including P&L analysis by division and product, and variance analysis • Conduct annual planning by division and products and update monthly forecasting data using the current market trend • Analyze actual operating results on a monthly basis and compare to the initial planning as well as monthly updated forecasts • Manage the loan schedule for L/C, short-term borrowings and cash pooling with the principal and interest payment