Assistant Manager - Accounting & Reporting

Aluminium Company of Malaysia Berhad; Klang City; On-site; MYR 180,000 - 280,000; Full time

Benefits offered by this job

Health & Wellbeing

Employee Birthday Celebration &C ultur

Flexi Benefits

Professional Development

Job summary

Aluminium Company of Malaysia Bhd is seeking an Accounting Manager to oversee accounting, financial reporting, tax compliance and statutory reporting for the Group. The role requires ensuring accurate financial information, adherence to MFRS and regulatory deadlines, while coordinating audits and internal controls across the organisation.

The position involves group consolidation, liaison with external auditors and tax agents, budget support and system enhancements to improve reporting

Responsibilities

• Oversee monthly and year-end closing activities for ALCOM Group and subsidiaries, ensuring timely completion per closing timetable.
• Review general ledger balances, journal entries, accruals, prepayments, provisions and intercompany eliminations.
• Prepare monthly management accounts and supporting schedules.
• Coordinate consolidation adjustments, intercompany reconciliations and investments in subsidiaries.
• Prepare and review Group consolidated financial statements and related notes.
• Ensure compliance with MFRS, Companies Act 2016, Bursa Malaysia listing requirements, tax and SST regulations.
• Coordinate MBRS filings and other statutory reporting requirements.
• Liaise with tax agents and authorities on tax matters and monitor changes in tax legislation.
• Assist in budgeting and forecasting, analyze variances and support management decision-making.
• Coordinate internal and external audits, follow up on audit findings and strengthen internal controls.
• Support ERP and reporting system improvements (e.g., Power BI) and staff development.

Job description

To oversee and execute the Group’s accounting, financial reporting, tax compliance and statutory reporting activities, ensuring accurate and timely financial information, compliance with applicable financial reporting standards and regulatory requirements, and effective internal financial controls. The role will also support financial analysis, audit coordination, process improvements and the development of accounting team members.

2. Key Responsibilities

A. Financial Accounting and Month-End Closing

Oversee monthly and year-end closing activities for ALCOM Group and its relevant subsidiaries, ensuring timely and accurate completion in accordance with the closing timetable.

Review general ledger balances, journal entries, accruals, prepayments, provisions, intercompany balances and other accounting adjustments.

Review cost allocations, balance sheet schedules and supporting reconciliations, ensuring discrepancies and outstanding items are resolved promptly.

Ensure appropriate accounting treatment for leases in accordance with MFRS 16 and other applicable MFRS requirements.

Prepare monthly company management accounts and supporting schedules.

B. Group Financial Reporting and Analysis

Prepare and review the Group’s consolidated financial statements on a quarterly and annual basis, including the consolidated Statement of Profit or Loss and Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and Statement of Cash Flows, together with the accompanying notes to the financial statements.

Prepare and post consolidation adjustments, including intercompany eliminations, unrealized profits on intercompany transactions, intercompany balance reconciliations, elimination of intra-group income and expenses, ensure appropriate accounting treatment for investments in subsidiaries, non-controlling interests and other adjustments required for consolidation in accordance with applicable MFRS requirements.

Coordinate the collection and reconciliation of financial information from subsidiaries to ensure completeness, consistency and accuracy of consolidated financial reporting.

Maintain and improve consolidation schedules, reporting templates, supporting working papers, trial balance data and intercompany reconciliation processes.

Support the Finance Director and Senior Management with financial analysis, management reporting and ad-hoc financial information requirements.

C. Statutory Reporting and Regulatory Compliance

Ensure compliance with Malaysian Financial Reporting Standards (MFRS), the Companies Act 2016, Bursa Malaysia Main Market Listing Requirements, applicable tax laws and SST regulations, including all statutory reporting and submission deadlines.

Prepare quarterly interim financial reports for submission to Bursa Malaysia within the prescribed deadlines.

Coordinate the preparation of annual reports, financial statements and notes to accounts for statutory audits.

Coordinate the preparation and submission of MBRS filings and other applicable statutory reporting requirements.

Review relevant government and regulatory reports, including manufacturing surveys, Licensed Manufacturing Warehouse (LMW) reports and other applicable Customs submissions.

Monitor changes in accounting standards, legislation and regulatory requirements and assess their implications for the Group.

D. Taxation and SST Compliance

Prepare and review quarterly income tax and deferred tax computations.

Coordinate the preparation and submission of corporate income tax returns and tax estimates, including revisions to tax estimates where required.

Ensure timely compliance with applicable SST requirements, including returns, reconciliations and relevant exemption documentation.

Liaise with external tax agents and relevant authorities on tax matters, assessments and compliance issues.

Monitor changes in tax legislation.

E. Budgeting and Forecasting

Assist in the preparation of the annual budget and monthly financial forecasts, including consolidation of departmental submissions and analysis of key assumptions.

Monitor actual financial performance against budget and forecast, investigate significant variances and provide explanations to support management decision-making.

Liaise with relevant departments to obtain budget inputs, validate assumptions and ensure timely submission of budget and forecast information.

F. Audit and Internal Controls

Coordinate and support internal and external audits, including preparation of audit schedules, financial statement disclosures and supporting documents.

Follow up on audit findings, recommendations and outstanding issues to ensure timely corrective action.

Coordinate the preparation of the notes to the financial statements with relevant Finance team members.

Review payment proposals, including supporting documentation and approval compliance, in accordance with established internal controls.

Coordinate inventory stock takes and review inventory reconciliation results, ensuring variances are investigated and resolved.

Establish, maintain and improve accounting procedures, internal controls and Standard Operating Procedures (SOPs) to strengthen governance.

G. Business Support and Stakeholder Management

Work closely with Finance colleagues and relevant departments to obtain accurate financial information and resolve accounting and reporting issues.

Liaise with external auditors, tax agents, company secretaries, lawyers, banks, government agencies and other relevant stakeholders on accounting and compliance matters.

Support the preparation of financial information required by bankers and other external stakeholders.

Undertake special projects, system enhancements and other ad-hoc assignments as directed by the Finance Director.

H. Team Coordination and Continuous Improvement

Supervise and guide accounting staff in executing assigned responsibilities and meeting reporting deadlines.

Coordinate work allocation and ensure appropriate review, checking and documentation of accounting deliverables.

Support the effective utilization of the ERP system and financial reporting software (e.g. Power BI) by identifying and implementing improvements to system functionality, reporting efficiency and process automation.

Support the professional development and training of subordinates.

Perks and benefits

• Health & Wellbeing
• Employee Birthday Celebration & Cultural Events
• Flexi Benefits
• Professional Development

Aluminium Company of Malaysia Bhd is a leading manufacturer of rolled aluminium products in Malaysia and a trusted supplier across the Asia Pacific region, with a growing global presence. With a market capitalization of approximately RM100 million, ALCOM operates in both aluminium manufacturing and property development, offering a dynamic environment for growth and innovation.

The company’s products have penetrated all over the ASEAN, Middle East and North African regions, Hong Kong, Taiwan, Korean and the Australian continent.

Aluminium Company of Malaysia Bhd is a leading manufacturer of rolled aluminium products in Malaysia and a trusted supplier across the Asia Pacific region, with a growing global presence. With a market capitalization of approximately RM100 million, ALCOM operates in both aluminium manufacturing and property development, offering a dynamic environment for growth and innovation.

The company’s products have penetrated all over the ASEAN, Middle East and North African regions, Hong Kong, Taiwan, Korean and the Australian continent.

What can I earn as an Accounting Manager