Finance Manager

JAC Recruitment International; Jakarta Pusat; On-site; IDR 350,000,000 - 550,000,000; Full time

Job summary

Unknown company in Indonesia is seeking a Finance Manager to oversee accounts receivable, accounts payable, financial reporting, taxation, audit coordination, and cash flow management. The role leads the accounting team and strengthens controls to deliver accurate reporting and informed business decisions.

Responsibilities cover AR/AP, audits, tax reporting, and PSAK guidance. You will prepare forecasts, collaborate with auditors, and ensure compliance with Indonesian regulations while driving

Qualifications

• Experience managing accounting and finance activities including AR, AP, financial reporting, taxation, audits, and cash flow.
• Knowledge of Indonesian accounting principles, PSAK 71, 72, 73 and tax regulations.
• Ability to prepare and analyse financial statements, forecasts, tax reports, transfer pricing documentation, and consolidation packages.
• Experience leading an accounting team and coordinating with auditors, banks, regulators, and internal stakeholders.
• Strong analytical, communication, coordination, and problem-solving skills.

Responsibilities

• Oversee Accounts Receivable: set objectives, ensure invoicing and collections, monitor credit limits and bad debt resolution.
• Oversee Accounts Payable: approve invoices, verify supporting docs including VAT and withholding tax, prepare analytical reports.
• Audit, Reporting & General Accounting: lead closing processes, prepare forecasts and reports, ensure compliance with laws, liaise with auditors.

Skills

Analytical skills

Communication

Coordination

Problem solving

Job description

The Finance Manager role oversees accounts receivable, accounts payable, financial reporting, taxation, audit coordination, and cash flow management for a musical instrument distribution company. The position leads the accounting team, strengthens financial controls, and provides accurate reporting and analysis to support regulatory compliance and informed business decisions.

Responsibilities

• Accounts Receivable

  • Set objectives for the accounts receivable team in alignment with the accounting department’s goals

  • Ensure accurate invoicing and collection procedures that comply with applicable laws

  • Resolve dealer-related accounts receivable issues in coordination with Sales and other relevant divisions

  • Review credit limits in accordance with established procedures and provide recommendations on credit limit calculations and changes

  • Develop and update relevant policies and procedures

  • Coordinate with relevant divisions on bad debt resolution and countermeasures

• Accounts Payable

  • Approve invoices and verify all required supporting documents, including Value Added Tax receipts and withholding tax amounts

  • Prepare and present analytical reports

• Audit, Reporting & General Accounting

  • Set objectives and action plans for the accounting team in alignment with management goals

  • Prepare monthly, quarterly, annual, and ad hoc forecasts, financial reports, and analyses

  • Ensure that accounting procedures comply with applicable laws and that team members follow relevant accounting principles

  • Lead monthly, quarterly, and annual closing processes

  • Manage balance sheets and profit and loss statements, and review trial balances to ensure that entries are recorded appropriately

  • Audit financial transactions and documents, follow up on internal controls, and implement appropriate countermeasures

  • Compute taxes, prepare tax returns and the annual Corporate Income Tax report, and compile transfer pricing data and information

  • Prepare balance sheet and profit and loss forecasts and analyses

  • Liaise with financial auditors and confirm consolidation package reports, including the relevant analysis

  • Conduct training for the accounting team and division heads on Indonesian Financial Accounting Standards, including PSAK 71, 72, and 73, as well as the impact of the Omnibus Law on the company

• Tax & Related Matters

  • Identify solutions to complex tax issues and errors arising from incorrect tax filings

  • Ensure that internal divisions understand relevant tax regulations

  • Advise management on tax liabilities, corporate strategies, and the impact of new tax laws

  • Coordinate outsourced tax preparation activities and accurately prepare quarterly and annual tax reports

  • Liaise with internal and external parties, including tax consultants, actuaries, and tax authorities

  • Ensure the accuracy of reports required by the Financial Services Authority and Bank Indonesia, as well as other requested regulatory reports

• Cash Flow Management

  • Calculate and forecast collections and expenditure to maintain adequate company cash flow

  • Maintain banking relationships to identify opportunities for cash management improvement and remain informed about relevant market and regulatory developments

Requirements

• Experience managing accounting and finance activities, including accounts receivable, accounts payable, financial reporting, taxation, audits, and cash flow

• Knowledge of Indonesian accounting principles, tax regulations, financial reporting requirements, and Indonesian Financial Accounting Standards, including PSAK 71, 72, and 73

• Ability to prepare and analyse financial statements, forecasts, tax reports, transfer pricing documentation, and consolidation packages

• Experience leading an accounting team and coordinating with auditors, consultants, banks, regulatory authorities, and internal stakeholders

• Strong analytical, communication, coordination, and problem-solving skills

About the company

A company in the consumer products industry with a focus on music and audio-related products. The organisation serves customers in Indonesia through established sales and distribution operations.