Financial Controller

Jobstreet Malaysia; Shah Alam; On-site; MYR 150,000 - 200,000; Full time

Job summary

A prominent recruitment agency in Malaysia seeks a Financial Reporting Manager to oversee financial report preparation, lead budgeting processes, and ensure compliance with accounting standards. The successful candidate will monitor key financial KPIs, manage daily finance operations, and support strategic decision-making processes. This role demands strong analytical skills and experience in financial operations, making it a pivotal position within the organization.

Qualifications

• Proven expertise in financial reporting and compliance with MFRS/IFRS.
• Strong analytical skills to evaluate cost efficiency and KPIs.
• Experience in budgeting, forecasting, and cost control.

Responsibilities

• Oversee preparation of financial reports ensuring accuracy.
• Lead the annual budget and track production variances.
• Manage daily finance operations and ensure compliance.

Job description

Financial Reporting

• Oversee preparation of monthly, quarterly, and annual financial reports, ensuring accuracy and compliance with MFRS/IFRS.
• Provide management with timely cost and margin analysis by product line, production batch, or business segment.
• Monitor key financial KPIs such as cost per unit, yield variance, waste ratios, and production efficiency.
• Ensure proper inventory valuation and reconciliation of raw materials, WIP, and finished goods.

Budgeting, Forecasting & Cost Control

• Lead the annual budget and rolling forecasts in collaboration with production and procurement teams.
• Develop standard costing systems for raw materials, packaging, labor, and overhead.
• Track and analyze production variances, wastage, and material usage, recommending actions to improve cost efficiency.
• Support pricing strategies and product profitability analysis.

Accounting Operations

• Supervise daily finance operations: accounts payable/receivable, GL, payroll, and inventory accounting.
• Ensure all transactions comply with company policies, tax regulations, and audit standards.
• Strengthen internal controls related to inventory management, purchasing, and cash handling.
• Manage fixed assets register and depreciation schedules.

Compliance, Tax & Audit

• Ensure timely submission of statutory reports, tax filings, SST, and regulatory requirements.
• Coordinate external audits, internal audits, and stock counts.Implement and review internal controls to prevent fraud, misappropriation, and financial loss.

Strategic & Operational Support

• Partner with the plant management and production team to optimize cost structures and production efficiency.
• Provide financial insights for capex investments, automation projects, and process improvements.
• Evaluate business performance by product line, plant, or distribution channel.
• Support decision-making for new product launches, supplier negotiations, and expansion plans.
• Lead and mentor the finance team to strengthen analytical and operational finance skills.
• Drive continuous improvement in reporting systems, ERP integration, and data accuracy.
• Foster collaboration between finance and production departments to ensure financial discipline at every stage of manufacturing.