Finance Executive

WAFERTEK SOLUTIONS SDN. BHD; Bayan Lepas; On-site; MYR 30,000 - 50,000; Full time

Job summary

A finance-focused technology company located in Penang is seeking a Finance Executive responsible for managing comprehensive finance functions including company setups, daily accounting, and statutory compliance. The ideal candidate will possess a diploma or degree in Accounting or Finance, with 3 to 6 years of relevant experience. Key responsibilities include budget preparation, financial reporting, and tax compliance. Strong knowledge of accounting software and Excel is essential. An excellent opportunity to shape financial processes in a dynamic environment.

Qualifications

• 3-6 years of relevant finance experience, ideally in company setup or standalone roles.
• Experience with accounting software and strong Excel skills are essential.
• Knowledge of local statutory and tax requirements is preferred.

Responsibilities

• Manage full spectrum of finance functions including company financial setup.
• Prepare monthly management accounts, including P&L and balance sheet.
• Coordinate setup of bank accounts and finance service platforms.
• Ensure accurate and timely recording of transactions and monthly closing.

Skills

Accounting software

Excel

Financial reporting

Budgeting

Tax compliance

Education

Diploma / Degree in Accounting, Finance, or related field

Job description

Job Scope: Finance Executive (End-to-End Finance & Company Setup)

The Finance Executive is responsible for managing the full spectrum of finance and accounting functions for the company, including initial company financial setup, daily accounting operations, statutory compliance, financial reporting, and internal controls. Acts as the primary on-site finance representative to ensure accurate, compliant, and timely financial management.

Key Responsibilities

1. Company Financial Setup & Structuring

Assist in establishing the company’s financial framework, including chart of accounts, accounting policies, and reporting structures.

Support the implementation of finance SOPs, internal controls, and approval matrices.

Coordinate the setup of bank accounts, payment platforms, and finance-related service.

2. Full Set of Accounts Management

Maintain a full set of accounts, ensuring accurate and timely recording of all transactions.

Prepare and post journal entries, accruals, prepayments, and provisions.

Ensure proper classification of expenses, revenues, assets, and liabilities.

Perform monthly closing activities and ensure timely month-end close.

Monitor daily cash balances and bank positions.

3. Accounts Payable (AP)

Verify supplier invoices for accuracy and compliance with company policies.

Process payments, including bank transfers, cheques, and online payment platforms.

Maintain vendor master data and reconcile supplier statements.

Monitor payment schedules and manage cash outflows.

4. Accounts Receivable (AR)

Issue customer invoices and debit/credit notes.

Track receivables and follow up on overdue payments.

Perform customer account reconciliations.

Support revenue recognition and billing accuracy.

Prepare monthly management accounts, including P&L, balance sheet, and cash flow.

Prepare schedules and supporting documents for management review.

Provide financial data and explanations to management upon request.

6. Budgeting & Forecasting

Assist in the preparation of annual budgets and periodic forecasts.

Monitor actual performance against budget.

Identify variances and provide explanations for review by the Finance Controller.

Support cost control initiatives and spending analysis.

7. Taxation & Statutory Compliance

Prepare and submit statutory filings (e.g. GST/VAT/SST, withholding tax, payroll-related filings).

Coordinate with external tax agents on corporate income tax matters.

Maintain proper tax schedules and supporting documentation.

Monitor changes in tax regulations and highlight impact to the Finance Controller.

Qualifications & Experience

Diploma / Degree in Accounting, Finance, or related field.

3–6 years of relevant experience, preferably in company setup or standalone finance roles.

Experience with accounting software and Excel.

Knowledge of local statutory and tax requirements is an advantage.