Finance Assistant Manager (1 Year Contract)

Finance Assistant Manager (1 Year Contract)

As a Finance Assistant Manager, you will play a vital role in overseeing financial planning, budgeting, and reporting within the organization. Reporting to the Head of Finance (SEA), you will leverage your core skills in financial management and accounting to ensure compliance with GAAP and IFRS standards. Your premium skills in risk analysis and strategic planning will be essential in guiding business development initiatives. Additionally, your relevant expertise in financial software and account reconciliation will support accurate financial reporting and enhance operational efficiency. Join our team to contribute to our financial success and drive impactful decision-making.

a. Financial Reporting
• Submission of monthly financial reporting in Cognos Controller, BS Reconciliation & related Reporting within group timeline and also local timeline.
• Perform month-end closing procedures, including overhead allocations, account reconciliations, and updating closing schedules.
• Identify variances between actual and budgeted financial results at the end of each reporting period.

b. Finance Management
• Supervision of finance department staff.
• Ensure that all financial transactions are processed accurately, in a timely manner, and in accordance with generally accepted accounting principles.
• Manage, oversee, process (as appropriate), and act as backup for processing all the following transactions: payroll, accounts payable, revenue and expense, fixed assets, cash, bank reconciliations, and allocations.

c. Working Capital Management
• Overseeing monthly working capital position as per yearly KPI – Cash, Inventory, Debtors, and Creditors.
• Overseeing debtor’s management by ensuring debts are being monitored, collected as per payment terms, providing bad debt provisions following group policy.
• Oversee monthly inventory reports, analysis, and allocation adequate obsolete provision as per group policy.
• Ensure that sufficient funds are available to meet ongoing operations.

d. Costing
• Oversee monthly variance analysis is prepared within agreed submission deadline.
• Provide costing analyses as needed, for margin optimization, pricing decisions, and cost saving.

e. Annual Financial and Cost Budget
• Develop and manage annual financial budgets that are in line with the organization’s financial target.
• Develop cost budget for yearly standard product costing in costing system.

f. Asset Management
• Oversee company’s assets for both current and non-current.
• Monitoring and tracking capital purchases for timely asset capitalization, recording asset acquisitions and disposals, useful life, and depreciation charges, and maintaining internal and tax books for fixed assets.
• Perform physical assets verification on a yearly basis.

g. Statutory Compliance
• Ensure compliance with accounting policies and regulatory requirements.
• Liaise with internal and external auditors in accordance with the statutory and regulatory requirements.
• Coordinate tax compliance and dealing with tax agents including corporate income tax, Sales and service tax, transfer pricing document, and other tax-related matters.
• Liaise with bankers, lawyers, and other external consultants and relevant government authorities.

h. People Management
• Responsible for giving guidance, instruction, direction, and leadership to the team for the purpose of achieving individual and company’s goals.

Key qualities:

1. Strong financial Acumen:
· Solid understanding of financial accounting, including IFRS and local Malaysia regulations.
· Budget and forecasting: experience in managing budgets, forecasting, and financial planning for a manufacturing plant is crucial.
· Cost accounting: ability to handle cost analysis, cost reduction initiatives, and understanding of production cost and inventory valuation.
· Understanding of tax law and able to work with tax agents.
· Exposure to internal and external audit (Big 4 experience is preferable)

2. Analytical skill:
· Ability to analyze financial data, identify trends, and provide actionable insights.
· Accurate processing of financial transactions, reconciliation, and financial reporting.
· Able to work closely with other departments, such as operation, supply chain, and sales to provide financial insight and support decision making.

3. Technical skill:
· Strong proficiency in Excel and SAP.
· Comfort with using data analytic tools such as Power BI.

* Bilingual proficiency in Chinese and English.