Financial Controller

Our Company is currently expanding! We are looking for aspiring individuals that fit the below description.

What you can look forward to:

• Attractive Performance Bonus
• Performance appraisal twice a year
• Dental/Body-checkup/Optical Benefit
• Insurance Coverage

Job Summary:
The Financial Controller is responsible for overseeing the financial management, reporting, and compliance of the entire group. This role ensures strong financial controls, efficient financial operations, and accurate financial reporting to support strategic decision-making. The position also plays a key role in cost-saving initiatives, IPO preparation, capital expenditure (CapEx) management, financial planning for operational efficiency, and risk management across the organization.

Key Responsibilities:

1. Financial Reporting & Compliance:
   • Supervise the preparation and consolidation of financial statements to the board of management, ensuring compliance with IFRS and local accounting standards.
   • Ensure timely and accurate monthly, quarterly, and annual financial closing process and reports.
   • Analyze group-wide financial performance, cost structures, and production variances, providing detailed explanations of variances from budgets and forecasts.
   • Ensure accurate inter-company reconciliations by eliminating inter-company transactions and maintaining financial integrity.
2. Cost Control, Inventory & Manufacturing Finance:
   • Implement and oversee cost control measures, focusing on raw material costs, production expenses, waste reduction, and operational efficiencies.
   • Conduct detailed cost variance analysis (standard vs. actual costs) to identify inefficiencies in production, procurement, and logistics.
   • Work closely with supply chain and production teams to optimize inventory levels, reduce working capital requirements, and improve cash flow.
   • Evaluate and implement lean manufacturing finance principles to enhance cost efficiencies across all plants.
3. Financial Planning & Analysis (FP&A):
   • Lead the group’s budgeting, forecasting, and long-term financial planning, ensuring alignment with business objectives.
   • Provide cost-benefit analysis for capital investments, including new production lines, facility expansions, and technology upgrades.
   • Develop scenario models to assess financial impact on raw material price fluctuations, labor costs, and energy expenses.
   • Monitor key manufacturing financial metrics (OEE, Cost per Unit, Working Capital Turnover, etc.) and recommend corrective actions.
4. IPO Preparation & Capital Market Readiness:
   • Lead financial planning and restructuring efforts in preparation for an IPO.
   • Ensure financial statements and reporting meet regulatory and investor expectations.
   • Collaborate with investment banks, legal teams, and external consultants for IPO readiness.
   • Oversee due diligence processes, prospectus preparation, and corporate governance alignment for public listing.
   • Drive compliance with stock exchange regulations and investor relations requirements.
5. Leadership & Team Management:
   • Manage and mentor a finance team across multiple manufacturing plants, ensuring financial discipline and efficiency.
   • Foster a culture of continuous improvement, driving automation and digital transformation in finance processes.
   • Provide training and professional development opportunities to enhance team capabilities.

Job Requirements:

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field. A Master’s degree (e.g., MBA or MSA) can be advantageous.
• CPA (Certified Public Accountant) or MIA (Malaysia Institute of Accountant) often required or preferred.
• Minimum 10 years of finance experience, with at least 5 years in a senior financial management or controller role in a manufacturing environment and FMCG industry.
• Proven expertise in manufacturing finance, cost control, and inventory management.
• Strong experience in group financial consolidation within a multi-entity, multi-plant setup.
• Hands-on experience with ERP and financial systems (SAP, Oracle, Microsoft Dynamics, or similar).
• Expertise in cost accounting, standard costing, and variance analysis.
• Advanced Excel and financial modeling skills.
• Strong knowledge of IFRS, local GAAP, and financial reporting standards.
• Familiarity with manufacturing KPIs, financial planning software, and data visualization tools.
• Strong leadership and team management capabilities.
• High attention to detail and accuracy.
• Excellent analytical and problem-solving skills, with a data-driven approach.
• Effective communication and interpersonal skills, with the ability to work cross-functionally with operations, supply chain, and production teams.
• Exposure to IPO preparation, investor relations, and capital markets is a plus.
• Willing to work at Kulim Hi-Tech.