Financial Controller

AEL Engineering Sdn Bhd; Parit Buntar; On-site; MYR 90,000 - 120,000; Full time

Job summary

A leading engineering firm located in Malaysia is looking for a Finance Manager to oversee financial planning, analysis, and compliance. The ideal candidate will have over 10 years of finance experience, including at least 3 years in a managerial role within a multinational company. Proficiency in SAP ERP and a solid understanding of local GAAP and tax regulations are essential. This role offers a great opportunity to drive strategic financial initiatives and improve cash conversion cycles.

Qualifications

• 10+ years of hands-on finance experience, including 3 years in a finance manager position.
• Experience in MNC or large enterprises, preferably mechanical, electrical, and/or communications industry.
• Familiar with local GAAP, tax regulations, and IFRS GAAP.

Responsibilities

• Lead annual budgeting and monthly forecasting processes.
• Oversee month-end closing and consolidation processes.
• Support inventory physical count and minimize inventory excess.

Skills

Financial Planning & Analysis

SAP ERP proficiency

Effective communication

Problem-solving skills

Education

Bachelor’s degree in finance or accounting

CPA/ACCA/CMA or equivalent

Job description

Qualifications

• 1. Bachelor’s degree in finance or accounting, CPA/ACCA/CMA or member of any professional accounting body is a plus.
• 2. 10+ years hands on finance experience (including at least 3 years in finance manager position) in MNC or large enterprises preferably in mechanical, electrical and/or communications industry, handled overall finance scope, with solid FP&A, Costing and Commercial finance experiences.
• 3. Be proficient in the SAP ERP
• 4. Familiar with local GAAP, tax regulation and IFRS GAAP
• 5. Fluent in both written and spoken English
• 7. Good business sense, effective communication, result driven and engaged leadership
• 8. Commitment to excellence, solution oriented and good problem-solving skills
• 9. Self-motivated team player with ability to lead a team and drive changes

Main Responsibilities

A. Financial Planning & Analysis (FP&A)

• Lead annual budgeting and monthly forecasting processes.
• Consolidate and upload financial plans into reporting systems.
• Partner with operations to manage risks and opportunities.
• Improve forecast accuracy and support KPI achievement.

B. Accounting & Reporting

• Lead and oversee month-end closing and consolidation process, ensure actual report uploaded into reporting system in accurate and timely manner.
• Review and ensure statutory accounting reports and management reporting accurate and reconciled.
• Review and ensure Balance Sheet reconciliations and analysis are prepared monthly, all open items / aged items are monitored and actioned in time, keep BS clean. In the meanwhile, financial exposures are identified, assessed and timely booked and mitigated.

C. Inventory Control and Costing

• Scrutinize inventory aging, facilitate to minimize inventory excess and obsolete.
• Support inventory physical count, fix the root cause of count variance.
• Ensure accurate BOM, routing and standard cost maintained in system from time to time.
• Ensure cost variances are reviewed and remedy actions are taken in time manner.
• Drive continuous improvement on cost reduction for both above gross margin and below gross margin.

D. Commercial

• Review quotation cost and price, Capex investment and return on investment analysis, ensure new project margin and commercial terms in line with business target.
• Review key project execution, analyze deviation from target P&L and ROI, calibrate quotation costing assumption, drive remedy actions to achieve project targets.

E. Working Capital Optimization

• Review and approve payables
• Ensure credit control in place, drive the settlement on AR delinquency.
• Drive initiatives to improve cash conversion cycle including DSO, DIO and DPO.

F. Internal Controls & Compliance

• Ensure financial transactions are in line with corporate finance policy and ensure adherence to corporate ethic policies and internal controls.
• Support periodic internal audits and assist in external audits.

G. Tax Compliance

• Ensure tax declarations comply with local tax regulations, tax risks are highlighted and mitigated in timely manner.
• Ensure to meet requirements for all tax incentive schemes.

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