Finance Manager

Raffles College of Higher Education Sdn Bhd; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A private higher education institution in Kuala Lumpur seeks an experienced Finance Manager to oversee financial operations, ensure compliance, and manage audits. The successful candidate will have at least 5 years of relevant experience and a strong background in education-sector finance. Responsibilities include financial reporting, budgeting, and stakeholder management. Benefits include group insurance and flexible working hours. Applicants are encouraged to apply if they meet the qualifications and are passionate about contributing to the institution's growth.

Benefits

Group Insurance Coverages

Flexible Working Hours

Medical Outpatient Allowance

Creative Working Environment

Free Vehicle Parking

Qualifications

• Minimum 5 years of experience in financial management, preferably in private higher education.
• Strong understanding of education-sector finance and MOHE/MQA compliance.
• Experience handling audits and statutory submissions.

Responsibilities

• Oversee financial operations for the private higher education institution.
• Prepare cash flow projections, budgeting, and variance analysis.
• Coordinate year-end statutory audits and manage audit queries.

Skills

Accounting principles

Financial reporting

Budgeting

Stakeholder management

Analytical skills

Education

Bachelor’s Degree in Accounting or Finance

Professional qualification (ACCA, CPA, CIMA)

Tools

Microsoft Office

ERP systems

Job description

We are seeking an experienced and detail-oriented Finance Manager to oversee and manage the full spectrum of financial operations for our private higher education institution. The successful candidate will be responsible for financial reporting, budgeting, statutory compliance, audit management, and maintaining strong internal controls, while working closely with the President, College Director, HQ, and internal stakeholders to ensure financial sustainability, regulatory compliance, and operational excellence.

Review and ensure accuracy of financial reports prepared by the finance team before timely submission to Head Office (HQ).

Participate with the President and College Director in financial planning for long-term viability and growth of the College, including goal setting, performance monitoring, and communication of financial plans to internal stakeholders.

Prepare monthly cash flow projections, budgeting, forecasting, and variance analysis.

Update MREL marketing and budgeting figures in coordination with relevant departments.

Student Finance, Billing & Collections (Higher Education Specific)

Oversee student fee billing, invoicing, collections, refunds, and credit control.

Work closely with SAS, Admissions, Registry, and Academic teams to ensure accuracy of student financial records.

Audit, Governance & Corporate Matters

Oversee and coordinate year-end statutory audits and manage audit queries.

Handle submission of annual returns and corporate matters with the company secretary.

Maintain strong internal control systems, financial governance, and reporting standards.

Procurement, PO, PV & CER Oversight

Review and verify Purchase Orders (POs), Payment Vouchers (PVs), and Capital Expenditure Requests (CERs) prior to submission for College Director and HQ approvals.

Oversee vendor payments, contracts, and procurement workflows.

Payroll & HR Finance Support

Review and verify payroll reports before submission to the College Director and HQ for approval.

Work closely with HR on payroll budgeting, manpower planning, and statutory contributions.

Stakeholder Management

Act as the key point of contact for bankers, external auditors, tax agents, company secretary, and relevant government authorities.

Work closely with Academic, Compliance, Operations, SAS, HR, Marketing, and IT teams to support institutional needs.

Lead, coach, and manage the finance team to ensure performance and accuracy.

Perform other finance-related tasks and responsibilities as required.

Requirements

Bachelor’s Degree in Accounting, Finance, or related field; professional qualification (ACCA, CPA, CIMA) preferred.

Minimum 5 years of experience in a similar financial management role, with experience in a Private Higher Education Institution strongly preferred / required.

Strong understanding of education-sector finance, student billing structures, MOHE/MQA compliance, and Act 555 requirements.

Experience handling audits, regulatory inspections, statutory submissions, and education compliance documentation.

Proficient in accounting systems, ERP / student management systems, and Microsoft Office.

Excellent analytical, organisational, communication, and stakeholder management skills.

Able to manage multiple priorities and tight deadlines in a fast-paced academic environment.

Established in 1994, Raffles College of Higher Education (Kuala Lumpur), also known as Raffles Kuala Lumpur, stands as a distinguished institution within the esteemed Raffles Education network. Proudly registered under the Malaysian Ministry of Higher Education, we are a private college dedicated to providing premier education that prioritises a personalised, boutique, and exclusive hands‑on learning experience.

If you are enthusiastic about contributing to the growth and success of our expanding programs and possess the required qualifications and skills, we invite you to apply the vacancy available and be part of RKL Creative Team!

Benefits

Group Insurance Coverages (GHS, GTL, GADD), Flexible Working Hours, Medical Outpatient Allowance, Creative Working Environment, Free Vehicle Parking, Provided.

Application Questions

• Which of the following statements best describes your right to work in Malaysia?
• What’s your expected monthly basic salary?
• Which of the following types of qualifications do you have?
• How many years’ experience do you have as a finance manager?
• How many years of taxation experience do you have?
• How many years of auditing experience do you have?
• How many years’ experience do you have with forecasting for businesses?