Principal, Entity Reduction

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Asia Pacific


Malaysia - Kuala Lumpur

Work type

Full Time

Job category


Date published

04 December 2019

Date closing

08 December 2019 at 00:00 GMT

About BHP

At BHP we support our people to grow, learn, develop their skills and reach their potential. With a global portfolio of operations, we offer a diverse and inclusive environment with extraordinary career opportunities.  Our strategy is to focus on creating a safe work environment where our employees feel strongly connected to our values and objectives, and where the capability of our people is key to our success. Come and be a part of this success.

About the role

We seek highly motivated individuals to join our dynamic team as a Principal, Entity Reduction Project.
Accounting & Reporting (A&R) is undertaking an Entity Reduction Project (ERP) to liquidate/deregister BHP Group dormant entities across approximately 25  different countries. There are a number of entities to be managed that are already within the liquidation process and a number to be liquidated (over 50 currently expected with more entities to be added as they become dormant over time).
  • Responsible for leading the project and coordinating due diligence on the entities to determine that there are no adverse consequences of liquidation. This includes remediation of any impediments to liquidation (e.g. resolution of tax/legal matters, employees, termination of contracts).  Seek formal approval to liquidate the entities by way of memo which outlines the due diligence findings. Engage a local liquidator  and then oversee the liquidation process until completion.
  • Provide oversight and guidance to the ERP Specialist.
  • Oversee and or/participate in other governance activities supporting Accounting & Reporting.
Key Relationships

Internal Relationships:
  • Accounting & Reporting – Heads of, VPs, managers, specialists
  • Tax
  • Legal & Compliance
  • Treasury
  • HR
  • Supply Category Managers
External Relationships:
  • Liquidators
  • Lawyers
  • Accountants
Core Accountabilities
  • An overriding commitment to health, safety, environmental responsibility and sustainable development.
  • Ensure alignment with and compliance to relevant Our Requirements.
  • Prepare monthly reporting to A&R Leadership Team (key stakeholder).
  • Coordinate due diligence on each entity to ensure there are no adverse implications of liquidating the entity. This involves liaising with Tax, Legal, Compliance, HR, A&D and Treasury to ensure the due diligence is completed in a timely manner and approval for liquidation is granted.
  • Post due diligence, conduct remediation to remove impediments to liquidation. This may include transfer/sale of assets, termination of contracts, employee termination/transfer, payment of liabilities, resolution of tax and legal matters.
  • Work with Supply and Legal Compliance to engage new vendors or extend contracts with existing vendors in each country.
  • Pursuant to Our Requirements, prepare a memo seeking necessary approvals/endorsements to liquidate each entity. The memo will outline background, financials, structure, due diligence process, consultations, next steps and recommendation.
  • Understand and manage the liquidation process across the different jurisdictions.
  • Monitor progress on multiple entities and report on current status.
  • Oversee and or/participate in other governance activities supporting external reporting.

About You

Behavioural & Leadership Competencies
  • Champion the BHP Charter Values
  • Judgement
  • Vision
  • Action Orientation
  • Feedback & Recognition
  • Collaboration
  • Problem Solve
  • Manage Risk
  • Degree qualification in Accounting and or Finance with at least 10 years working experience in Finance with a large corporate or professional services firm
  • Internationally recognized qualifications in Accounting or Finance including accounting body certification (eg CA, CPA)
Experience and Technical Competencies:
  • Knowledge and experience in SAP preferred
  • Prior experience in liquidations/restructuring (members voluntary liquidation experience preferred)
  • Knowledge of members voluntary liquidation process in key jurisdictions – Australia, UK, USA,
  • Superior communication, facilitation, influencing and interpersonal skills  essential to building constructive relationships and credibility with diverse stakeholders and cross functional teams
  • Leadership skills in global multi-cultural environments and proven ability to lead
  • Fluent in English, both verbal and written

Supporting a diverse workforce

At BHP, we recognise that we are strengthened by diversity. We are committed to providing a work environment in which everyone is included, treated fairly and with respect. We are an Equal Opportunity employer and we encourage applications from women and Indigenous people. We know there are many aspects of our employees’ lives that are important, and work is only one of these, so we offer benefits to enable your work to fit with your life.  These benefits include flexible working options, a generous paid parental leave policy, other extended leave entitlements and parent rooms.  
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