Finance Assistant Manager

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 debt 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 operational.

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 yearly basis.

g. Statutory Compliance

• Ensure compliance with accounting policies and regulatory requirements

• Liaise with internal and external auditor in accordance with the statutory and regulatory requirement.

• 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 consultant and relevant government authorities.

h. People Management

• Responsible of 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, 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