Finance Manager (Based in Penang)

IOI Properties Group; Penang; On-site; MYR 180,000 - 260,000; Full time

Benefits offered by this job

Medical

Education support

Dental

Parking

Vision

Comprehensive Insurance coverage

Performance Bonus

Job summary

IOI Properties Group Berhad in Penang seeks a senior Finance Manager to oversee monthly and quarterly management accounts, ensure accurate journal entries, and reconcile key control accounts. You will present reliable data and drive high-quality reporting for management.

Responsibilities include tax planning, audit coordination, budgeting, variance analysis, and compliance with MFRSs/SST and group policies, while guiding the finance team to excellence.

Qualifications

• Degree in Finance or ACCA/CIMA/MIA.
• Minimum 8 years’ relevant experience in property development.
• Proficient in Microsoft Office; IFCA system knowledge.

Responsibilities

• Fully responsible for accurate and timely submission of monthly/quarterly management accounts for companies assigned.
• Review and approve journal entries.
• Ensure all control accounts (AP & AR and bank reconciliation) are reconciled on a monthly basis.
• Coordinate with internal audit/quarterly reporting and ensure compliance with MFRSs/SST and group policies.
• Review monthly management accounts to ensure compliance with MFRSs & Group SOPs, tax laws and regulations.
• Monitor township budget and profitability statements against actual performance; update for business planning.
• Prepare business reviews and variance analyses against budget/prior year results on a monthly/quarterly basis.
• Oversee tax estimates and tax payments; coordinate with tax agents; review annual tax computation and notes to accounts.
• Liaise with auditors and coordinate annual/ interim audits.
• Prepare and review financial feasibility studies and investment analyses for land/building/property acquisitions.
• Review payments and cash flow; oversee full AP cycle; manage staff performance and provide training.

Skills

Analytical skills

Problem solving

Team player

Independent worker

Education

Finance degree

ACCA/CIMA/MIA

Tools

IFCA system

Job description

Fully responsible for the accurate and timely submission of monthly/quarterly management accounts for companies assigned

Review and approve journal entries

Ensure all control accounts (i.e. AP & AR and bank reconciliation) are reconciled on monthly basis

Ensure timely and accurate presentation of the resulted data

Responding/compiling information for internal audit/quarterly reporting & compliance with MFRSs/SST and group policies

Review/ensure monthly management accounts are fully in compliance with MFRSs & Group’s SOPs, tax laws and regulations, Companies Act, etc.

Promptly monitoring the township budget and profitability statements against actual performance and promptly updated for business planning

Preparation of business review and variance analysis against budget/prior year results for management on monthly/quarterly or on need basis

Promptly monitoring of the actual performance against approved budget.

Submission of quarterly disclosures/analysis and reports in compliance with Bursa requirement

Review Form 7F (Ministry of housing) on quarterly

Tax Estimates and Financial Tax Review

Ensure monthly tax payment/final tax payment are made on timely basis

Ensure initial tax estimates CP204/revised tax estimates CP204A are filed on time for local and overseas subsidiaries

Review and approve annual tax computation and notes to accounts

Coordinating/liaising with tax agent/internal tax department on all tax matter including year-end tax queries

Review of tax report as requested by group tax department

Review SST returns & ensure compliance for companies assigned

Audit

In charge of annual audit and the planning thereof

Being the focal point in liaising with auditors for interim/year end audit

Prepare/review of draft audited accounts

Budget

Responsible for township/annual budget compilation

Being the focal point in coordinating with business units for information gathering

Providing rolling forecasts, financial analysis and strategic input to facilitate high-level decision-making by management.

Prepare and review financial feasibility studies and investment analysis for land, building or property acquisition proposals.

Financial Operations

Review/approve payment/funds transfer request on companies assigned

Monitor the full AP cycle from invoice processing to payment in order to ensure that timelines and quality meet the internal KPIs and gets.

Managing/appraising/evaluating of staff performance

Train and share the latest update on MFRSs/SST reporting guideline with staff

Smoothen/improve on financial process flow to meet the business requirement

Monitoring of HDA Bank balances and ensure compliance with HDA rules and regulation for local and overseas subsidiaries

Others

Monitor cash flow, funding requirements and bank balances to ensure sufficient funds for operations and project commitments.

Strengthen internal controls and ensure compliance with approval matrix, Group SOPs and statutory requirements.

Provide financial advice and analysis to support management decision-making, cost control and project profitability.

Supervise, guide and develop finance team members to ensure timely, accurate and quality deliverables.

Identify and implement improvements to finance processes, reporting efficiency and system usage.

Any other assignments/responsibilities as and when required by your superior or any other persons designated by the Company

Provide support and guidance to subordinates on all relevant matters in order for them to execute their work.

The companies assigned are subject to change and such change is the discretion of the Management

Job Requirements:

Degree in Finance or with professional qualification (ACCA/CIMA/MIA).

Minimum with 8 years’ relevant working experiences, preferably from the Property Development industry .

Well versed in Microsoft Office and preferably with knowledge in using IFCA system.

Strong analytical and problem-solving skills.

Good team player and able to work independently with minimal supervision.

Committed with strong sense of responsibility and able to work within deadline.

Spanning more than three decades in the property development industry, IOI Properties Group Berhad (“IOI Properties”) is one of the leading public-listed property developers in Malaysia. Over the years, it has successfully developed sustainable townships and commercial enclaves in sought-after regions of Klang Valley such as IOI Resort City, Bandar Puteri Puchong, 16 Sierra and Bandar Puteri Bangi; and established a strong presence in Penang (northern region) as well as Johor in the southern region of Malaysia. In the international scene, IOI Properties has project developments in Singapore and the People’s Republic of China. The Group has a total development landbank of approximately 10,000 acres.

Apart from being an established township property developer, IOI Properties is also known for being one of the few integrated property developers that builds and manages its investment properties such as hotels, golf courses, shopping malls and office buildings. Under its investment property portfolio it manages a total of 6.7 million sq. ft. of lettable area, comprising retail, purpose built office and others. These properties are mostly located in high-growth areas, which are well-connected, accessible and are centred within high population concentration.

The Group owns four hotels with 4 to 5-star rating offering a total of more than 1,800 keys namely Putrajaya Marriott Hotel, Palm Garden Hotel, Four Points by Sheraton Puchong, Le Meridien Putrajaya; as well as two golf courses known as Palm Garden Golf Club in IOI Resort City and Palm Villa Golf and Country Resort in Johor. Meanwhile, the Group’s investment assets include an award-winning IOI City Mall – the largest shopping mall in Southern Klang Valley, IOI Mall Puchong and IOI Mall Kulai.

Spanning more than three decades in the property development industry, IOI Properties Group Berhad (“IOI Properties”) is one of the leading public-listed property developers in Malaysia. Over the years, it has successfully developed sustainable townships and commercial enclaves in sought-after regions of Klang Valley such as IOI Resort City, Bandar Puteri Puchong, 16 Sierra and Bandar Puteri Bangi; and established a strong presence in Penang (northern region) as well as Johor in the southern region of Malaysia. In the international scene, IOI Properties has project developments in Singapore and the People’s Republic of China. The Group has a total development landbank of approximately 10,000 acres.

Apart from being an established township property developer, IOI Properties is also known for being one of the few integrated property developers that builds and manages its investment properties such as hotels, golf courses, shopping malls and office buildings. Under its investment property portfolio it manages a total of 6.7 million sq. ft. of lettable area, comprising retail, purpose built office and others. These properties are mostly located in high-growth areas, which are well-connected, accessible and are centred within high population concentration.

The Group owns four hotels with 4 to 5-star rating offering a total of more than 1,800 keys namely Putrajaya Marriott Hotel, Palm Garden Hotel, Four Points by Sheraton Puchong, Le Meridien Putrajaya; as well as two golf courses known as Palm Garden Golf Club in IOI Resort City and Palm Villa Golf and Country Resort in Johor. Meanwhile, the Group’s investment assets include an award-winning IOI City Mall – the largest shopping mall in Southern Klang Valley, IOI Mall Puchong and IOI Mall Kulai.

Perks and benefits Medical Education support Dental Parking Vision Comprehensive Insurance coverage, Performance Bonu