Business Accountant

Full Time, onsite
HAYAT Technologies Sdn Bhd
Kuala Lumpur, Malaysia

Salary undisclosed

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Company Description

Hayat Technologies [Company Registration No. 201701013860 (1228025-M)] is a pioneering tech company based in WP. Kuala Lumpur, focusing on AI, machine learning, and Big Data Analytics for innovative solutions. The company prioritizes public health, wellness, and lifelong care, aiming to empower individuals, communities, and decision-makers worldwide. Hayat Technologies is a member of Malaysia External Trade Development Corporation (MATRADE).

Location: On-site at Hayat Technologies Sdn Bhd, WP Kuala Lumpur

Department: Finance and Accounting

Reports to: Finance Team Leader & CFO

Role Description

This full-time, on-site position at Hayat Technologies Sdn Bhd requires an Intermediate Business Accountant responsible for day-to-day financial tasks, budget management, financial analysis, and financial reporting. The role also includes processing all company payments, managing procurement transactions, and reviewing staff claims for accuracy and compliance. Close collaboration with the finance and management teams is essential to support key business decisions and the organization’s financial stability and growth.

Key Responsibilities

1. Financial Accounting & Reporting

Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow reports.
Lead month-end and year-end closing activities, ensuring all financial data is accurately recorded and reconciled.
Conduct detailed variance analysis on financial performance against budgets and forecasts, supporting informed decision-making for management.

2. Budgeting & Forecasting

Actively participate in budgeting processes by gathering financial data, developing projections, and preparing detailed reports for management.
Analyze financial trends and assist in forecasting the organization’s financial performance and needs.
Monitor and report on budgetary performance, identifying variances and making recommendations to optimize financial planning.

3. Payments, Procurement, and Staff Claims

Payment Processing: Handle and process all company payments, ensuring timely disbursement and accurate record-keeping in line with internal controls.
Procurement: Manage procurement transactions, verifying invoices, and coordinating with suppliers to ensure accurate and efficient procurement processes.
Staff Claims: Review and process staff claims for reimbursement, verifying claim accuracy and compliance with company policies, and addressing any discrepancies.

4. Accounts Payable & Receivable Management

Oversee accounts payable and receivable processes, ensuring timely and accurate payments and invoicing.
Reconcile accounts regularly, investigating and resolving discrepancies, and coordinating with clients or vendors as needed.
Prepare detailed aging reports and collaborate with the team on overdue accounts, supporting efficient cash flow management.

5. Compliance, Internal Controls & Audit

Ensure adherence to internal policies and regulatory requirements (e.g., tax laws, industry standards), promoting transparency and accountability in financial operations.
Prepare for and participate in internal and external audits, gathering documentation, and addressing audit queries.
Continuously review financial policies and internal controls, suggesting updates to maintain regulatory compliance and operational integrity.

6. Financial Analysis & Business Advisory

Conduct in-depth financial analysis to provide insights and recommendations for business decisions.
Partner with cross-functional teams, particularly finance and management, to assess project costs, identify potential cost savings, and explore revenue growth opportunities.
Generate reports and analytics to support key business decisions, including project feasibility assessments and financial impact analyses.

7. System & Process Improvements

Identify and implement improvements in financial systems, processes, and tools, enhancing accuracy, efficiency, and productivity.
Participate in financial system upgrades, providing feedback and support for implementation relevant to finance and accounting functions.

8. Team Collaboration & Mentorship

Provide support and mentorship to junior accounting staff, fostering a collaborative and growth-oriented team environment.
Actively engage with the finance team to contribute to departmental and organizational goals, promoting an atmosphere of teamwork and continuous improvement.

Requirements

Education: Bachelor’s degree in Accounting, Finance, or a related field.
Experience: Minimum of 4-6 years of experience in accounting, including general accounting principles, budget management, and financial reporting.
Technical Skills: Proficiency in accounting software (e.g., SAP, QuickBooks, or other ERP systems) and Microsoft Office, especially Excel.
Certifications: ACCA, CPA, or equivalent certification is preferred.
Soft Skills: Strong analytical and problem-solving skills, attention to detail, and excellent communication skills for cross-departmental collaboration. The role demands a proactive, team-oriented professional who can adapt in a dynamic environment.

Key Performance Indicators (KPIs)

• Timeliness and accuracy of financial reporting

• Budget variance rate and forecasting accuracy

• Accounts receivable aging and collection rate

• Compliance with internal controls and regulatory standards

• Process improvement suggestions and implementations

• Contribution to strategic financial analysis and insights for management decision-making

• Efficiency and accuracy in processing payments, procurement transactions, and staff claims

Qualifications