Finance Manager

Financial Planning and Analysis:

• Development of the company’s financial strategy, including long-term financial planning and short-term budgeting.
• Conduct financial analysis to track performance and provide insights on areas of opportunity or concern.
• Monitor key financial metrics and provide recommendations to management based on financial data.

Budgeting and Forecasting:

• Prepare and manage the company’s annual budget, ensuring alignment with overall business objectives.
• Conduct regular reviews and updates of forecasts, adjusting for any changes in business operations, market conditions, or financial performance.
• Provide insights into budget variances and assist departments with financial planning and cost control.

Financial Reporting:

• Oversee the preparation of accurate and timely financial statements, including statements of comprehensive income, statements of financial positions, and cash flow statements (Monthly MIS by 6th of the following month, Monthly MDA by 15th of the following month, Final quarterly reporting pack by 22nd of the following month, Yearly Financial Statement by 30th April of the following year)
• Ensure compliance with accounting standards, regulatory requirements, and company policies.
• Present financial reports to senior management, highlighting key financial insights, trends, and recommendations.

Cash Flow and Liquidity Management:

• Monitor the company’s cash flow to ensure sufficient liquidity for daily operations and strategic investments.
• Develop and implement strategies to optimize working capital, including managing accounts receivable and payable.

Financial Risk Management:

• Identify potential financial risks, such as market fluctuations, credit risks, and operational risks, and develop strategies to mitigate these risks.
• Oversee insurance coverage, hedging strategies, and other risk management activities.
• Ensure the organization complies with all financial regulations and industry standards.

Cost Control and Profitability Improvement:

• Analyze costs and operational efficiencies, providing recommendations for cost-saving initiatives and process improvements.
• Monitor profit margins, return on investment (ROI), and other key profitability indicators.
• Collaborate with various departments to identify areas where profitability can be enhanced without compromising on quality or performance.
• Coordinate with sales department on product costing.

Tax Planning and Compliance:

• Oversee tax planning and ensure compliance with tax laws and regulations.
• Collaborate with external auditors and tax consultants to prepare and file tax returns.
• Develop strategies to minimize tax liabilities while ensuring compliance with all applicable tax rules and regulations.

Team Leadership and Development:

• Manage and mentor the finance team, providing guidance and support for their professional development.
• Promote a culture of continuous improvement, accountability, and excellence within the finance department.
• Ensure the finance team has the tools and resources needed to meet departmental and company goals.
• Set targets for the team members and supervise all accounting and finance personnel

Audit and Compliance Oversight:

• Coordinate internal and external audits to ensure accuracy and compliance with regulations.
• Oversee internal control systems to protect financial assets and ensure accurate reporting.
• Ensure financial data is in compliance with corporate governance and regulatory requirements.
• Ensure compliant with various legal obligations, including meeting crucial deadlines with government agencies

Internal Control and Risk Management:

• Design, implement, and maintain internal controls to ensure the accuracy, integrity, and reliability of financial reporting and operations.
• Establish internal control procedures to prevent and detect errors or fraud in financial transactions.
• To review the internal audit conducted by internal auditor on Company’s internal processes and systems to evaluate their effectiveness, identifying areas for improvement.
• Ensure adherence to regulatory standards and corporate governance practices, preventing financial risks such as fraud or misappropriation of funds.
• Collaborate with external auditors and regulatory bodies to assess internal controls and compliance with relevant laws and standards.

Others

• Other ad-hoc activity or functions as and when required by superior.

Job Requriments:

a) Minimum LCCI Higher or Certificate in Accounting, preferably Diploma in accounting or other related discipline, or / and

b) Minimum 8 years’ experience in preparing manufacturing account and understanding of taxation will be an added advantage.

c) Leadership style and interpersonal skills suitable for directing, training and motivating subordinates.

d) Good communication skill and analytical skill and able to coordinate with all level of staffs.

e) Ability to work independently without close supervision.

f) Computer literacy and excellent knowledge of MS Office.

g) Must be able to travel to overseas at least 2 weeks every month