Finance Specialist (Fixed Assets & Inventory)

ATX SEMICONDUCTOR (MELAKA) SDN. BHD.; Malacca City; On-site; MYR 60,000 - 100,000; Full time

Job summary

ATX SEMICONDUCTOR (MELAKA) SDN. BHD. is seeking a Finance Specialist focused on Fixed Assets and Inventory to maintain asset registers, manage depreciation, and ensure accurate inventory records.

The role entails policy development, system implementation, staff training, and collaboration with senior management on budgeting and forecasting. On-site in Melaka with opportunities to improve processes and controls.

Responsibilities

• Maintaining and updating the fixed asset register, including asset acquisition, depreciation, right of use and disposal.
• Ensuring proper accounting of asset transactions, including calculating depreciation and adjustments.
• Reconciling fixed asset accounts.
• Developing and enforcing policies for safeguarding assets and ensuring compliance with regulations.
• Providing regular asset reporting and collaborating on budgeting and forecasting.
• Leading the implementation of asset management systems and recommending process improvements.
• Training staff on fixed asset policies and procedures.
• Overseeing inventory management, including tracking stock levels, ordering, and ensuring accurate records of inventory movements.
• Developing and enforcing inventory control policies to prevent loss, theft, or discrepancies.
• Conducting regular inventory counts and working with the operations team to reconcile physical inventory with the system.
• Monitoring and reporting on inventory performance, including turnover rates, aging, and stock-outs.
• Ensuring compliance with tax regulations, financial reporting standards, and policies for both assets and inventory.
• Developing and enforcing policies and procedures for safeguarding assets and inventory.
• Assisting with audits related to fixed assets and inventory.
• Reporting & Forecasting: Providing regular reports on fixed asset status, depreciation schedules, and inventory levels to senior management.
• Assisting in budgeting and forecasting related to capital expenditures and inventory requirements.
• System Integration & Process Improvement: Leading the implementation and maintenance of fixed asset and inventory management systems.
• Recommending and implementing improvements to streamline asset and inventory management processes.
• Training & Development: Providing training staff on fixed asset management and inventory control procedures.
• Staying updated on industry trends, accounting standards, and best practices for asset and inventory management.
• Performing any other duties assigned by the Finance Director.

Job description

Finance Specialist (Fixed Assets & Inventory)

Maintaining and updating the fixed asset register, including asset acquisition, depreciation, right of use and disposal.

Ensuring proper accounting of asset transactions, including calculating depreciation and adjustments.

Reconciling fixed asset accounts.

Developing and enforcing policies for safeguarding assets and ensuring compliance with regulations.

Providing regular asset reporting and collaborating on budgeting and forecasting.

Leading the implementation of asset management systems and recommending process improvements.

Training staff on fixed asset policies and procedures.

Inventory Control:

Overseeing inventory management, including tracking stock levels, ordering, and ensuring accurate records of inventory movements.

Developing and enforcing inventory control policies to prevent loss, theft, or discrepancies.

Conducting regular inventory counts and working with the operations team to reconcile physical inventory with the system.

Monitoring and reporting on inventory performance, including turnover rates, aging, and stock-outs.

Compliance & Internal Controls:

Ensuring compliance with tax regulations, financial reporting standards, and policies for both assets and inventory.

Developing and enforcing policies and procedures for safeguarding assets and inventory.

Assisting with audits related to fixed assets and inventory.

Reporting & Forecasting:

Providing regular reports on fixed asset status, depreciation schedules, and inventory levels to senior management.

Assisting in budgeting and forecasting related to capital expenditures and inventory requirements.

System Integration & Process Improvement:

Leading the implementation and maintenance of fixed asset and inventory management systems.

Recommending and implementing improvements to streamline asset and inventory management processes.

Training & Development:

Providing training staff on fixed asset management and inventory control procedures.

Staying updated on industry trends, accounting standards, and best practices for asset and inventory management.

Performing any other duties assigned by the Finance Director.