Finance Manager

Responsible for all financial aspects in compliance to the standard accounting practice, FRS and other statutory requirement. To provide support to head of finance and other operational personnel in daily operations and strategic planning.

Responsibilities

a) Financial Reporting and Compliance:

• Coordinate and ensure the management accounting reports are prepared on a timely basis.
• Prepare financial analysis and participate in strategic reviews and periodic assessments of performance for company businesses.
• Monitor, coordinate and preparation of annual budget and forecast for the company.

b) Process Improvement and Systems Enhancement:

• Continuously evaluate and improve financial reporting processes and systems to enhance efficiency, accuracy, and data integrity.
• Identify opportunities to automate financial reporting tasks and implement best practices.

c) Financial Analysis and Insights:

• Provide financial analysis and insights on the company's performance, highlighting key trends, variances, and areas of improvement.
• Support decision-making processes by providing accurate and timely financial information and forecasts.
• Conduct financial modelling and scenario analysis to assess the impact of potential business decisions or changes in market conditions.

d) Statutory Reporting and Compliance:

• Stay updated on accounting standards, regulations, and reporting requirements applicable to the consolidated company to ensure compliance with statutory reporting obligations and regulatory filings.
• Coordinate internal and external audits, providing necessary documentation and addressing audit findings related to financial reporting.
• Managing and overseeing the preparation and submission of quarterly financial reports and annual reports.

e) Budget and Forecast Reporting:

• Responsible for developing, implementing, and monitoring the financial plans, budgets, and forecasts to support effective financial management and decision-making.
• Works closely with various stakeholders, including senior management, department heads, and finance teams, to ensure accurate and timely budgeting and forecasting activities.

f) Cost Management:

• Monitor and control manufacturing costs, including direct materials, labour, and overhead expenses.
• Analyze cost drivers, identify cost-saving opportunities, and implement cost reduction initiatives.
• Collaborate with cross-functional teams to optimize production processes and improve cost efficiencies.

g) Cash Flow Management:

• Manage cash flow and liquidity, including cash forecasting, working capital management, and treasury operations.
• Monitor and analyze cash flow trends, ensuring adequate funding for day-to-day operations and strategic initiatives.
• Implement cash management strategies to optimize cash position and mitigate financial risks.

h) Tax Reporting and Compliance:

• Prepare and review provisional and final tax computation.
• Ensure timely and accurate tax reporting in liaising with tax agent.

Qualifications

• Candidate must possess CIMA, ACCA, Degree in Finance/Accounting or similar professional qualification.
• Member of MIA.
• Possess at least 5 years of relevant working experience preferably in manufacturing sector.
• Good analytical skills and problem-solving abilities.
• Excellent wring and communication skills with a good command of spoken and written English.
• Adaptive in challenging situations and able to undertake diversified tasks and responsibilities.