Head of Finance (Oleochemical Manufacturing)

Monroe Consulting Group; Kota Medan ᯔᯩᯑᯉ᯲; On-site; IDR 300.000.000 - 400.000.000; Full time

Job summary

A leading recruitment firm is seeking a Head of Finance in Medan, Indonesia. The ideal candidate will have at least 10 years of experience in finance and accounting, focusing on financial management, cost control, and budgeting. A strong understanding of Indonesian tax laws is essential. Join a company where you can drive financial strategy and lead a high-performing team.

Qualifications

• 10-15 years of experience in accounting and finance roles, with at least 3-5 years in a managerial capacity.
• Strong knowledge of cost accounting, budgeting, and variance analysis in a manufacturing environment.
• In-depth understanding of Indonesian taxation laws.

Responsibilities

• Oversee all financial aspects of the company's operations.
• Develop and monitor cost control systems.
• Lead the preparation of annual budgets and forecasts.

Skills

Cost accounting

Budgeting

Variance analysis

Tax planning

Process optimization

Team management

Communication skills

Education

Bachelor's degree in Accounting or Finance

Tools

Excel

ERP systems

Accounting software

Job description

Executive recruitment company Monroe Consulting Group Indonesia is recruiting on behalf of a client focusing in oleochemical manufacturing. As expansion continues, our client is seeking a professional with at least 10 years of experience for the job of Head of Finance. The job is based in Medan, Indonesia.

Responsibilities:

• Financial Management: Oversee all financial aspects of the company's operations, including budgeting, forecasting, cash flow planning, and financial performance monitoring to ensure alignment with business objectives.
• Cost Control & Analysis: Develop and monitor cost control systems specific to chemical manufacturing operations, including raw material cost tracking, production cost variance analysis, and overhead cost optimization.
• Budgeting & Forecasting: Lead the preparation of annual budgets, monthly forecasts, and financial plans. Analyze variances against actual results and provide actionable recommendations to improve financial performance.
• Finance Controlling: Implement and maintain effective cost control mechanisms, expense monitoring, and financial controls to ensure adherence to budgets and improve profitability.
• 
  Taxation: Ensure compliance with Indonesian tax laws and regulations, manage tax filings, and optimize tax strategies to minimize liabilities.
• 
  Capex Management: Monitor and track capital expenditures, prepare investment and ROI analysis, and provide financial insights to support strategic decision-making on new projects and equipment investments.
• 
  Process & Internal Control: Develop and implement accounting policies, standard operating procedures (SOPs), and internal controls to ensure accuracy, compliance, and transparency.
• 
  Financial Reporting: Prepare and analyze financial statements (P&L, balance sheet, cash flow) and manufacturing cost reports, ensuring timely and accurate information for management and stakeholders.
• Audit & Compliance: Coordinate internal and external audits, ensure compliance with accounting standards and regulations, and address any audit findings or discrepancies.
• Cross-Functional Collaboration: Work closely with operations, procurement, and production teams to align financial objectives with manufacturing targets and identify opportunities for cost efficiency.
• Continuous Improvement: Identify areas for process optimization in manufacturing finance operations, implement best practices, and drive initiatives to reduce waste and improve financial efficiency.

Candidate Profile:

• Education: Bachelor's degree in Accounting, Finance, or related field
• Experience: 10-15 years of progressive experience in accounting and finance roles, with at least 3-5 years in a managerial or supervisory capacity, preferably within manufacturing (chemical or related industry).
• Strong knowledge of cost accounting, budgeting, and variance analysis in a manufacturing environment.
• In-depth understanding of Indonesian taxation laws and experience in tax planning and compliance.
• Proven track record in Capex management, financial planning, and implementing cost control strategies.
• Demonstrated ability to set up and improve financial processes, establish controls, and enhance operational efficiency.
• Advanced proficiency in Excel, ERP systems, and accounting software.
• Excellent communication and presentation skills for stakeholder engagement at all levels.
• Strong leadership and team management capability, with a focus on developing high-performing finance teams.
• Analytical, detail-oriented, and proactive problem solver with the ability to adapt in a dynamic, fast-paced manufacturing environment.