Finance Manager

AFA PROJECT AND MANAGEMENT SERVICES SDN. BHD.; Batu Caves; On-site; MYR 120,000 - 210,000; Full time

Job summary

AFK Gourmet, part of the AFA Group, seeks a Finance Manager to lead the financial management function across the Multipurpose Hall, central kitchen and in-house cafeteria in Malaysia. You will oversee planning, budgeting, reporting, cash flow and cost control to drive profitability and compliance with accounting standards and group policies.

You will collaborate with AFK Gourmet management and AFA Group Finance to provide timely insights, strengthen financial controls and support business

Qualifications

• Bachelor’s degree in Finance, Accounting, or related field; professional qualifications are an advantage.
• Minimum 7–10 years of relevant experience, including at least 3 years in a managerial role.
• Experience in F&B, hospitality, catering or central kitchen operations is preferred.
• Strong expertise in financial reporting, budgeting, cash flow management and cost control.
• Good knowledge of Malaysian accounting standards, taxation and statutory requirements.
• Strong leadership, analytical, financial planning and commercial skills.

Responsibilities

• Lead the annual budget, financial forecasts and business plans for AFK.
• Oversee monthly management accounts and group reporting.
• Analyze revenue, costs and profitability for AFK Gourmet operations.
• Implement cost controls and improve financial efficiency.
• Manage cash flow, working capital and supplier payments.
• Ensure accurate accounting entries and month-end close.
• Maintain compliance with Malaysian accounting standards and tax requirements.

Skills

Leadership

Analytical skills

Financial planning

Commercial acumen

Education

Bachelor’s degree in Finance, Accounting, or related field

ACCA/CPA/CIMA or equivalent (advantage)

Job description

To lead and manage the financial management function of AFK Gourmet, covering the Multipurpose Hall, central kitchen and in-house cafeteria. The role is responsible for financial planning, budgeting, financial reporting, cash flow management, cost control, profitability analysis and compliance with applicable accounting standards, tax requirements and AFA Group Financial policies.

The Finance Manager will work closely with AFK Gourmet management and AFA Group Finance to ensure accurate financial reporting, effective financial controls, prudent resource utilization and timely financial insights to support business performance and decision-making.

Key Responsibilities:

1. Financial Planning and Budgeting

• Lead the preparation of the annual budget, financial forecasts and business plans for AFK
• Work with operational heads to develop revenue projections, operating expenditure budgets, capital expenditure plans and manpower cost forecasts.
• Monitor actual financial performance against approved budgets and identify significant variances.
• Provide financial analysis and recommendations to management to support business planning and operational decisions.
• Conduct periodic financial forecasting to support business growth, resource allocation and profitability improvement.

2. Financial Reporting and Analysis

• Oversee the preparation of monthly management accounts, financial statements and other financial reports in accordance with applicable accounting standards and Group reporting requirements.
• Ensure accurate and timely recording of revenue, expenses, assets, liabilities and other financial transactions.
• Analyse financial performance across the Multipurpose Hall, central kitchen and in-house cafeteria.
• Prepare management reports highlighting revenue trends, gross profit margins, operating costs, profitability and key financial indicators.
• Provide financial insights and recommendations to improve business performance and support.
• Coordinate the preparation of financial schedules and supporting documents for internal and external reporting.

3. Revenue Management and Business Profitability

• Monitor revenue generation, billing and collections arising from MultiPurpose Hall bookings, catering services, central kitchen operations and cafeteria sales.
• Ensure completeness and accuracy of revenue recognition, invoicing, receipts and related.
• Analyse revenue performance, pricing, margins and operating costs for each business activity.
• Review the financial performance of events, catering contracts and other business engagements to assess profitability.
• Identify opportunities to improve revenue, optimise margins and strengthen financial sustainability.
• Work with the operational teams to monitor outstanding customer payments and implement appropriate collection measures.

4. Cost Control and Financial Efficiency

• Establish and monitor effective cost control measures across all AFK Gourmet operations.
• Monitor food and beverage costs, raw material consumption, wastage, inventory movements and other direct operating expenses in collaboration with Operations.
• Analyse cost variances and investigate unusual expenditure, stock discrepancies and potential financial leakages.
• Monitor labour costs, overtime, utilities, maintenance, rental and other overheads against approved budgets.
• Recommend measures to improve cost efficiency without compromising food quality, service standards or operational effectiveness.
• Support periodic reviews of product costing, menu pricing, catering packages and event pricing to maintain acceptable profit margins.

5. Cash Flow and Working Capital Management

• Monitor daily cash position, bank balances, cash flow forecasts and working capital requirements.
• Ensure timely collection of receivables and effective management of supplier payments.
• Monitor event advances, refunds and outstanding balances relating to MultiPurpose Hall bookings and catering services.
• Manage cash handling controls and reconciliation procedures for cafeteria sales and other cash-based transactions.
• Ensure timely bank reconciliations and investigate outstanding or unreconciled items.
• Maintain adequate liquidity to support daily operations and approved business commitments.

6. Accounts Payable, Receivables and General Ledger

• Oversee accounts payable, accounts receivable, general ledger and related accounting activities.
• Ensure supplier invoices, purchase orders, delivery records and payment requests are properly verified and authorised.
• Monitor customer invoicing, credit terms, collections and overdue accounts.
• Ensure accurate accounting entries, reconciliations, accruals, prepayments and month-end closing activities.
• Maintain proper documentation and audit trails for all financial transactions.
• Ensure financial transactions are processed in accordance with approved delegation of authority and internal control procedures.

7. Inventory and Asset Management

• Oversee financial controls relating to food ingredients, beverages, consumables, packaging materials and other operating inventory.
• Coordinate with the central kitchen and cafeteria teams on stock counts, inventory valuation, wastage reporting and variance investigations.
• Ensure appropriate controls over purchases, goods received, stock issuance, storage and consumption.
• Monitor fixed assets, equipment, kitchen machinery, furniture ad other assets, including capitalisation, depreciation and disposal.
• Support periodic physical verification of assests and inventory.
• Recommend improvements to inventory controls to minimise wastage, losses and financial exposure.

Requirements:

Bachelor’s degree in Finance, Accounting, or a related field; ACCA, CPA, CIMA or equivalent qualification is an advantage.

Minimum 7–10 years of relevant experience, including at least 3 years in a managerial role.

Experience in F&B, hospitality, catering or central kitchen operations is preferred.

Strong expertise in financial reporting, budgeting, cash flow management and cost control.

Good knowledge of Malaysian accounting standards, taxation and statutory requirements.

Strong leadership, analytical, financial planning and commercial skills.

At AFA Group, we are more than a company—we are a catalyst for progress. As the parent organization overseeing five specialized subsidiaries—AFA PRIME Berhad, AFA Construction and Engineering, AFA Systems and Services, AFA Project and Management Services, and AFA Properties—we bring together expertise, reliability and a shared commitment to excellence.

At AFA Group, we are more than a company—we are a catalyst for progress. As the parent organization overseeing five specialized subsidiaries—AFA PRIME Berhad, AFA Construction and Engineering, AFA Systems and Services, AFA Project and Management Services, and AFA Properties—we bring together expertise, reliability and a shared commitment to excellence.