Accounting and Reporting Specialist

PERSOL; Selangor; On-site; MYR 80,000 - 120,000; Full time

Job summary

A leading finance and accounting firm in Malaysia seeks an Accounting and Reporting Specialist (Finance Analyst) to manage financial reporting and compliance. The role involves preparing management reports, cash flow projections, and working collaboratively with stakeholders to ensure adherence to regulations. A university degree in Finance or Accounting and at least 5 years of relevant experience are required. Excellent analytical and communication skills are essential for this position. The company offers a dynamic environment for continuous improvement and growth.

Qualifications

• At least 5 years’ experience in relevant experience.
• Understanding of financial and accounting principles.
• Ability to influence multiple stakeholders.

Responsibilities

• Prepare periodic management report and perform variance analyses.
• Conduct cash flow projections and manage collections.
• Ensure adherence to fiscal and finance regulations.

Skills

Analytical mindset

Good communication skills

Stakeholder management

Education

University degree in Finance or Accounting

Job description

Accounting and Reporting Specialist (Finance Analyst) (ID: 694091)

Job Scope

• Financial strategy and business partnering:
  • Prepare periodic management report and perform variance analyses for review meeting.
  • Advise and challenge business with timely and proactive analyses, assessments of variances to the plans, financial impact and risks.
  • Provide Management Information to other departments.
  • Monitor key performance ratios, inform timely on any unexpected issue impacting potentially the financial performance of the Country and Area, identify areas of improvement in business and propose/implement corrective actions.
  • Collaborate with BPO to ensure a smooth relationship and a seamless delivery of the in-scope finance activities.
• Working in close collaboration with the country/site Finance organization and ensuring timely achievement of the listed tasks:
  • Cash Flow Projections: Forecast collections and payments. Ensure timely collections received to achieve the targeted DSO.
  • Period end closing and reporting: Define journal entries, perform analytical review and internal control systems.
  • Tax preparation and management: Calculate taxes, report taxes, monitor compliance and manage tax queries.
  • Treasury management: Manage in-house bank accounts, manage financial risk and fraud/dispute cases, forecast cash and manage foreign exchange rates master data.
  • Inventory management and validation: Perform Inventory accounting, transfer pricing, process month end and reporting, perform cost accounting and control and stock take.
  • Project accounting and validations and authorization of payments for Payroll accounting
  • Financial budgeting and planning: Contribute to achieving financial ambitious goals/targets and challenge budget of other departments. Forecast P&L and cash flow.
  • Financial reporting: Perform statutory reporting by ensuring accounting records and reports are accurate, duly approved and comply with the Statutory Accounting Principles. Perform variance analysis.
  • Management reporting and forecasting: Prepare period financial forecast. Evaluate financial performance by advise and challenge the business with timely and proactive analyses, assessments of variances to the plans, financial impacts and risks; provide management information to other departments; inform timely on any unexpected issue impacting potentially the financial performance of the Country and Area, propose/implement corrective actions; identify areas of improvement in business and organisation and propose implementation plan, monitor key ratios; identify & implement synergies across the country; propose efficiency improvement measures.
  • Strict implementation of IFRS and internal guidelines across the entities (and others if applicable).
  • Adherence to the local fiscal and finance related regulations of the respective country.
  • Inform timely on potential issues, assess the risks, and propose corrective measures.
• Projects and improvements: Support HQ/Corporate Finance in the implementation of corporate Finance programs, processes or procedures which are to be locally applied. Contribute to performance management and drive continuous improvement initiatives e.g. propose standardized and coordinated use of financial information systems, identify and propose optimization measures.

Overseeing and working in close collaboration with the BPO to ensure the deliverables from the BPO

• Verify the quality of a purchase and manage purchase orders.
• Accounts Payable: Document management, process invoices and payments, manage discrepancies, handle vendor queries, create and update supplier master data, process month end and reporting.
• Manage and process collections: Perform cash application, perform aging, collect cash, create and update customer master data, process month end and reporting.
• Customer billing: Enter customer invoices, generate and send invoices to customers.
• Period end closing and reporting: Process current period transactions, generate and process journal entries, close and open, reconcile sub-ledgers, update balances, adjust GL for period close and close GL period, generate financial reports, maintain G/L master data, manage allocations, intercompany reconciliations.
• Manage & process intercompany transactions
• Cash reconciliation: Load and reconcile bank statements.
• Accounting for Fixed Assets, Tax Accounting and Payroll accounting.

Compliance and integrity

• Strict implementation and adherence to internal and statutory guidelines, instructions, processes and systems.
• Strict adherence to the local fiscal and finance related regulations of the respective country.
• Inform timely on potential issues, assess the risks and propose corrective measures.

Requirements

• University degree in Finance or Accounting
• At least 5 years’ experience in relevant experience
• Demonstrated understanding of financial and accounting principles and processes
• An analytical mindset and be a self-starter, being able to see opportunities and solve problems independently
• Good communication and stakeholder management skills.
• Work independently with the ability to influence multiple stakeholders