Finance Manager

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

Job summary

A private higher education institution in Kuala Lumpur is seeking a Finance Manager to manage financial operations and ensure compliance. The role requires overseeing budgeting, financial reporting, and audits, while interfacing with internal and external stakeholders. Candidates should have a Bachelor's degree in finance or accounting and a minimum of 5 years in a financial management position, preferably in the education sector. Strong analytical and organisational skills are essential in this fast-paced environment.

Qualifications

• Minimum 5 years of experience in a financial management role.
• Experience in a Private Higher Education Institution preferred.
• Strong understanding of education-sector finance and compliance.

Responsibilities

• Oversee all financial operations for the institution.
• Prepare budgets, financial reports, and cash flow projections.
• Manage audits, regulatory inspections, and financial compliance.

Skills

Analytical skills

Organisational skills

Communication skills

Stakeholder management

Ability to manage multiple priorities

Education

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

Professional qualification (ACCA, CPA, CIMA)

Tools

Accounting systems

ERP systems

Microsoft Office

Job description

Raffles College of Higher Education – Kuala Lumpur, Kuala Lumpur

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.