Head of Financial Accounting & Treasury

About us

Novugen is a wholly owned subsidiary of SciTech International, a UAE-based group with over 30 years of experience in the healthcare industry. We specialize in venturing into strategic healthcare businesses and developing world-class healthcare facilities across the globe. With operations in eight countries across continents, our global presence and expertise empower us to meet the complex challenges of delivering hard-to-source, technology-intensive pharmaceutical products to the market.

Our manufacturing facilities in Bandar Enstek, Negeri Sembilan, are the first USFDA-approved pharmaceutical manufacturing facilities in Malaysia and Southeast Asia. We are also the first pharmaceutical company in the region to be vertically integrated from R&D to manufacturing, giving us greater control over the supply chain and reflecting our commitment to meeting a wide range of stringent regulatory standards.

At Novugen, we are united by a shared vision, with a team of talented individuals from diverse backgrounds and nationalities working together towards one common goal. We are driven by a passion for science and innovation, striving to accelerate the launch of pharmaceuticals that lack robust generic alternatives due to their complexity. Our continued investment in R&D and dedication to excellence aim to provide early access to affordable, high-quality medicines, impacting lives across the world.

Together, we are shaping the future of healthcare and changing lives everywhere.

About the role

The Head of Financial Accounting & Treasury, reporting directly to the Chief Financial Officer (CFO), plays a pivotal role in overseeing all aspects of financial reporting, ensuring accuracy, compliance, and timely submission of financial statements. This role will lead the financial reporting team, manage external audits, and ensure compliance with accounting standards, tax regulations, and internal policies.

The position plays a critical role in delivering reliable financial information to support strategic decision-making. Additionally, the Head of Financial Accounting & Treasury will oversee the Treasury function, ensuring effective cash flow management, liquidity planning, and compliance with treasury policies.

Job Responsibilities:

1. Monthly Financial Close and Financial Reporting

• Oversee and manage the monthly financial close process, ensuring timely closing and accurate reporting of financial accounts.
• Prepare and review monthly, quarterly, and annual financial statements in accordance with IFRS and other countries’ relevant accounting standards.
• Ensure timely submission of statutory financial reports and filings to regulatory authorities.
• Develop and maintain accounting policies and procedures in compliance with financial reporting standards.
• Coordinate with external auditors and manage the year-end audit process.
• Ensure accuracy and consistency of financial information across all reporting platforms.

2. Treasury Management

• Oversee daily cash flow management and forecasting to ensure sufficient liquidity.
• Develop and implement treasury policies and procedures.
• Manage relationships with banks and financial institutions.
• Ensure compliance with loan covenants and banking regulations.
• Support the CFO in developing funding strategies and investment plans.

3. Internal Controls & Governance

• Design and implement internal controls over financial reporting processes.
• Review financial policies and recommend improvements to enhance compliance and efficiency.
• Ensure adherence to internal control procedures and regulatory requirements.

4. Tax & Regulatory Compliance

• Oversee tax reporting, including corporate income tax, sales & service tax, and withholding tax.
• Ensure compliance with all tax regulations and liaise with tax advisors as needed.
• Manage tax audits and support tax planning initiatives.
• Manage reporting requirements to regulatory bodies; e.g. Bank Negara Malaysia.

5. Team Leadership & Development

• Lead and mentor the financial reporting team, providing guidance on technical accounting matters.
• Conduct performance evaluations and identify training and development opportunities.
• Foster a collaborative and high-performance work environment.

6. Stakeholder Management

• Collaborate with internal stakeholders including FP&A, Management Accounting Team and other Cross Functional Teams to provide financial insights.
• Liaise with external auditors, tax advisors, and regulatory authorities.
• Present financial information to senior management as required.

About you

• Bachelor’s Degree in Accounting, Finance, or a related field.
• Professional qualification (CPA, ACCA, CA, or equivalent) is required.
• Minimum 10 years of experience in financial reporting, with at least 3-5 years in a managerial role.
• In-depth knowledge of IFRS/GAAP and local tax regulations.
• Experience in managing external audits and dealing with regulatory authorities.
• Experience in treasury management and cash flow forecasting.
• Strong leadership, analytical, and problem-solving skills.
• Excellent communication and interpersonal skills.

Preferred Experience:

• Experience in the pharmaceutical, manufacturing, or R&D sectors.
• Familiarity with SAP ERP system.
• Experience in implementing SAP is an advantage.
• Knowledge of integrated reporting and sustainability reporting.

About us

Novugen is a wholly owned subsidiary of SciTech International, a UAE-based group with over 30 years of experience in the healthcare industry. We specialize in venturing into strategic healthcare businesses and developing world-class healthcare facilities across the globe. With operations in eight countries across continents, our global presence and expertise empower us to meet the complex challenges of delivering hard-to-source, technology-intensive pharmaceutical products to the market.

Our manufacturing facilities in Bandar Enstek, Negeri Sembilan, are the first USFDA-approved pharmaceutical manufacturing facilities in Malaysia and Southeast Asia. We are also the first pharmaceutical company in the region to be vertically integrated from R&D to manufacturing, giving us greater control over the supply chain and reflecting our commitment to meeting a wide range of stringent regulatory standards.

At Novugen, we are united by a shared vision, with a team of talented individuals from diverse backgrounds and nationalities working together towards one common goal. We are driven by a passion for science and innovation, striving to accelerate the launch of pharmaceuticals that lack robust generic alternatives due to their complexity. Our continued investment in R&D and dedication to excellence aim to provide early access to affordable, high-quality medicines, impacting lives across the world.

Together, we are shaping the future of healthcare and changing lives everywhere.

About the role

The Head of Financial Accounting & Treasury, reporting directly to the Chief Financial Officer (CFO), plays a pivotal role in overseeing all aspects of financial reporting, ensuring accuracy, compliance, and timely submission of financial statements. This role will lead the financial reporting team, manage external audits, and ensure compliance with accounting standards, tax regulations, and internal policies.

The position plays a critical role in delivering reliable financial information to support strategic decision-making. Additionally, the Head of Financial Accounting & Treasury will oversee the Treasury function, ensuring effective cash flow management, liquidity planning, and compliance with treasury policies.

Job Responsibilities:

1. Monthly Financial Close and Financial Reporting

• Oversee and manage the monthly financial close process, ensuring timely closing and accurate reporting of financial accounts.
• Prepare and review monthly, quarterly, and annual financial statements in accordance with IFRS and other countries’ relevant accounting standards.
• Ensure timely submission of statutory financial reports and filings to regulatory authorities.
• Develop and maintain accounting policies and procedures in compliance with financial reporting standards.
• Coordinate with external auditors and manage the year-end audit process.
• Ensure accuracy and consistency of financial information across all reporting platforms.

2. Treasury Management

• Oversee daily cash flow management and forecasting to ensure sufficient liquidity.
• Develop and implement treasury policies and procedures.
• Manage relationships with banks and financial institutions.
• Ensure compliance with loan covenants and banking regulations.
• Support the CFO in developing funding strategies and investment plans.

3. Internal Controls & Governance

• Design and implement internal controls over financial reporting processes.
• Review financial policies and recommend improvements to enhance compliance and efficiency.
• Ensure adherence to internal control procedures and regulatory requirements.

4. Tax & Regulatory Compliance

• Oversee tax reporting, including corporate income tax, sales & service tax, and withholding tax.
• Ensure compliance with all tax regulations and liaise with tax advisors as needed.
• Manage tax audits and support tax planning initiatives.
• Manage reporting requirements to regulatory bodies; e.g. Bank Negara Malaysia.

5. Team Leadership & Development

• Lead and mentor the financial reporting team, providing guidance on technical accounting matters.
• Conduct performance evaluations and identify training and development opportunities.
• Foster a collaborative and high-performance work environment.

6. Stakeholder Management

• Collaborate with internal stakeholders including FP&A, Management Accounting Team and other Cross Functional Teams to provide financial insights.
• Liaise with external auditors, tax advisors, and regulatory authorities.
• Present financial information to senior management as required.

About you

• Bachelor’s Degree in Accounting, Finance, or a related field.
• Professional qualification (CPA, ACCA, CA, or equivalent) is required.
• Minimum 10 years of experience in financial reporting, with at least 3-5 years in a managerial role.
• In-depth knowledge of IFRS/GAAP and local tax regulations.
• Experience in managing external audits and dealing with regulatory authorities.
• Experience in treasury management and cash flow forecasting.
• Strong leadership, analytical, and problem-solving skills.
• Excellent communication and interpersonal skills.

Preferred Experience:

• Experience in the pharmaceutical, manufacturing, or R&D sectors.
• Familiarity with SAP ERP system.
• Experience in implementing SAP is an advantage.
• Knowledge of integrated reporting and sustainability reporting.