Assistant Finance Manager

Keel Recruitment; Seberang Perai; On-site; MYR 70,000 - 100,000; Full time

Job summary

A recruitment agency is seeking an Assistant Finance Manager in Penang, Malaysia. This role involves overseeing financial operations, ensuring accurate reporting, and supporting business decisions through financial analysis. The ideal candidate will have a Bachelor's degree in Accounting or Finance, with 5-7 years of experience, preferably in the trading and distribution sectors. Responsibilities include preparing financial statements, managing cash flow, and complying with regulations. Competitive compensation offered.

Qualifications

• 5–7 years of accounting or finance experience in relevant industries.
• Experience with MFRS and compliance regulations.
• Knowledge of financial software and tools is preferred.

Responsibilities

• Prepare monthly management accounts and financial analysis.
• Assist with annual budget planning and periodic forecasts.
• Oversee daily cash flow and manage supplier payments.
• Strengthen internal controls to reduce financial risk.
• Collaborate with operations to manage inventory finance.

Skills

Financial reporting

Budgeting and forecasting

Cash flow management

Internal controls

Financial analysis

Education

Bachelor's degree in Accounting or Finance

Job description

The Assistant Finance Manager supports the Finance Manager in overseeing financial operations, ensuring accurate reporting, improving internal controls, and supporting business decisions through financial analysis. This role is crucial for maintaining compliance, strengthening cash flow management, and supporting the company’s growth in the trading and distribution sector.

About the role

The Assistant Finance Manager supports the Finance Manager in overseeing financial operations, ensuring accurate reporting, improving internal controls, and supporting business decisions through financial analysis. This role is crucial for maintaining compliance, strengthening cash flow management, and supporting the company’s growth in the trading and distribution sector.

What you'll be doing

Financial Reporting & Accounting

• Prepare monthly management accounts, P&L, balance sheet, cash flow statements, and financial analysis.
• Ensure timely month-end closing and accurate financial records.
• Review journal entries, ledgers, and reconciliations.
• Ensure compliance with MFRS, audit requirements, and internal financial policies.

Budgeting & Forecasting

• Assist with annual budget planning and periodic financial forecasts.
• Monitor actual vs. budget performance and prepare variance analysis.
• Provide insights and recommendations to improve profitability.

Cash Flow & Treasury Management

• Oversee daily cash flow, fund allocation, and banking transactions.
• Monitor receivables, payables, credit terms, and collection performance.
• Manage supplier payments, credit limits, and financial risk exposure.

Internal Controls & Compliance

• Strengthen internal controls to reduce financial risk and prevent irregularities.
• Ensure compliance with tax regulations (SST, corporate tax).
• Coordinate with external auditors, tax agents, and regulatory authorities.

Operations & Inventory Finance Support

• Work closely with sales, procurement, and warehouse teams to manage stock costing, purchasing terms, and inventory accuracy.
• Analyse cost of goods sold (COGS), pricing structures, and margin performance.
• Support financial evaluation of new products, suppliers, and trading opportunities.

What we're looking for

• Bachelor's degree in Accounting, Finance, or related field.
• Minimum 5–7 years of accounting/finance experience, preferably in trading, distribution, FMCG, or wholesale industries.
• Experience in pre-IPO exercises will be an added advantage.