Finance Analyst(MYS)

Position Overview:

We are seeking a highly skilled and motivated Finance Business Partner to join finance team as an individual contributor at our Research & Development (R&D) and Procurement center in Penang. This role will involve key responsibilities in accounting recording, local tax filing, e-invoicing, and providing financial insights and support to the R&D and Procurement teams within the semiconductor industry. As an individual contributor, you will manage all aspects of accounting, tax compliance, and invoicing, ensuring that financial operations are executed efficiently and in compliance with local regulations. This is an exciting opportunity for someone who enjoys hands-on work and has a strong understanding of local accounting and tax regulations.

Key Responsibilities:

1.Accounting Recording & Financial Reporting:

• Accurately record and maintain all financial transactions related to R&D and Procurement operations, ensuring compliance with Malaysian Financial Reporting Standards (MFRS) and company policies.
• Prepare and maintain the general ledger, ensuring that all transactions are recorded timely and accurately.
• Perform account reconciliations and ensure the accuracy and integrity of financial data.
• Support the monthly, quarterly, and annual financial closing process by ensuring proper documentation and reporting of all accounting records.

2.Local Tax Filing & Compliance:

• Oversee the local tax compliance processes, ensuring timely and accurate filing of corporate tax returns, GST/SST (if applicable), Withholding Tax, CP-204 Form, Form E and Form EA and other statutory filings in accordance with Malaysian tax laws.
• Ensure all tax filings, including corporate tax, GST, and other related taxes, are accurate and submitted on time to avoid penalties.
• Keep up-to-date with changes in Malaysian tax regulations and ensure the business remains compliant with all tax obligations.
• Assist in preparing documentation for tax audits and work with external tax consultants as needed.

3.E-Invoicing & Tax Documentation:

• Manage the e-invoicing process for the R&D and Procurement teams, ensuring compliance with Malaysia's e-invoicing regulations (if applicable).
• Ensure that all invoices are processed, issued, and recorded correctly within the e-invoicing system in line with tax and regulatory requirements.
• Validate the accuracy of invoices, ensuring they comply with the required tax regulations, including proper tax codes and documentation.
• Coordinate with the procurement team to ensure that all e-invoices are aligned with contracts, purchase orders, and delivery notes for proper tax reporting.

4.Business Partnering & Financial Insights:

• Serve as the primary finance contact for the R&D and Procurement teams, providing financial insights and advice to help drive better business decisions.
• Support R&D and Procurement teams by analyzing financial performance, identifying cost-saving opportunities, and providing recommendations on optimizing procurement spend and R&D costs.
• Prepare regular financial reports that detail key financial metrics, including budget versus actuals, expenditure tracking, and other performance indicators.

5.Process Improvement & Efficiency:

• Continuously evaluate and streamline financial processes related to accounting recording, tax filing, and e-invoicing, ensuring efficiency and reducing manual effort.
• Implement best practices for accounting and tax compliance within the R&D and Procurement teams, driving automation and improving financial operations.
• Identify areas for improvement in e-invoicing systems and accounting processes, and lead efforts to enhance these systems.

6.Ad-Hoc Financial Projects & Support:

• Assist with special finance projects as needed, including ad-hoc analysis, process improvements, or support for new business initiatives.
• Collaborate with external auditors and tax consultants to ensure accurate and compliant tax reporting and financial audits.

Qualifications:

1. Education: Bachelor’s degree in Accounting, Finance, Business Administration, or a related field (Professional qualifications such as CPA, ACCA, or equivalent are preferred).
2. Experience: At least 4-5 years of experience in finance or accounting, with a solid understanding of local tax regulations, accounting recording, and e-invoicing in Malaysia.
3. Tax Knowledge: Strong knowledge of Malaysian tax laws (corporate tax, GST/VAT) and e-invoicing regulations.
4. Technical Skills: Experience with accounting software (ERP systems such as Oracle, or similar), advanced proficiency in Excel, and familiarity with e-invoicing platforms.
5. Detail-Oriented: Strong attention to detail with excellent organizational and time-management skills, ensuring all financial transactions are accurately recorded and compliant.
6. Communication Skills: Excellent communication skills to liaise effectively with both finance and non-finance stakeholders, providing clear financial insights and recommendations.
7. Problem-Solving: Strong analytical skills with the ability to identify issues, propose solutions, and implement improvements independently.

Preferred Skills:

1. Experience working in the semiconductor industry or similar technology/manufacturing environments.
2. Familiarity with transfer pricing and R&D tax incentives in Malaysia.
3. Ability to work autonomously, take ownership of tasks, and proactively solve problems in a fast-paced environment.