Finance Executive

Primary Job Description

The Finance Executive will be a key player in managing financial operations within a multinational corporation (MNC). This role involves close collaboration with the Business Services Centre (BSC), as well as coordination with the production, purchasing, and sales teams. Responsibilities include managing product costing, tracking net manufacturing savings, overseeing stock control, liaising with auditors, and ensuring effective coordination with purchasing and sales functions.

Key Responsibilities

Monthly Financial Closing:

• Participate in the monthly financial closing process, ensuring accurate and timely completion of all related tasks.
• Assist in preparing and reviewing financial statements and reports.
• Address any discrepancies or issues that arise during the closing process.

Accounting Support:

• Handle daily accounting tasks, including Accounts Payable (AP) and Accounts Receivable (AR).
• Ensure timely and accurate processing of transactions and resolve related issues.

Financial Reporting:

• Collaborate with the BSC to prepare and review financial statements and reports.
• Ensure compliance with accounting standards and internal policies.

Stock Control:

• Oversee stock control processes including inventory management, regular reconciliations, and stock valuation.
• Maintain accurate stock records and implement measures to minimize discrepancies and optimize stock levels.

Purchasing Team Collaboration:

• Coordinate with the purchasing team to manage inventory purchases effectively.
• Ensure alignment between financial and procurement objectives.
• Prepare payment proposals on a monthly basis to ensure accuracy and compliance with financial policies.

Sales Team Collaboration:

• Collaborate with the sales team to manage and review credit assessments.
• Evaluate customer creditworthiness.
• Ensure that credit terms align with the company’s financial policies and risk management strategies.
• Monitor and follow up on outstanding receivables from customers to ensure timely collection and minimize overdue accounts.

CAPEX Tracking:

• Track Capital Expenditures (CAPEX) by monitoring and recording CAPEX investments.
• Ensure CAPEX investments align with the approved budget and financial objectives.
• Report on CAPEX performance and variances.

Product Costing:

• Work closely with the production team to analyze and manage product costing.
• Ensure accurate cost allocation, monitor cost variances, and provide insights to optimize production costs.

Net Manufacturing Savings:

• Support the analysis and tracking of net manufacturing savings.
• Monitor cost reductions, evaluate efficiency improvements, and offer financial insights to enhance production processes and achieve savings targets.

Auditor Liaison:

• Act as the primary point of contact for auditors.
• Prepare and provide necessary documentation, offer explanations, and support the audit process to ensure compliance and successful completion.

Collaboration with BSC:

• Coordinate with the BSC to ensure effective integration of financial operations.
• Address any issues related to accounting and finance processes.

Special Projects and System Enhancements:

• Contribute to special projects, system implementations, and process improvement initiatives, ensuring alignment with organizational objectives.

Ad-hoc Analysis and Reporting:

• Perform ad-hoc analysis and special projects as needed and assist in preparing reports and presentations.

Required Qualifications

• Education: Degree in Finance, Accounting, or a related field.
• Experience: Minimum of 2-3 years of experience in finance or accounting, preferably within a multinational corporation (MNC).
• Skills: Strong analytical skills, attention to detail, and proficiency in financial software and Microsoft Office Suite (Excel, Word, PowerPoint).
• Work Environment: Ability to work effectively under pressure and meet deadlines in a fast-paced, dynamic environment.
• Languages: Proficiency in English; knowledge of Malay and Mandarin is a plus.