FINANCIAL CONTROLLER (RETAIL INDUSTRY)

PT Resources; Kuala Lumpur; On-site; MYR 150,000 - 200,000; Full time

Job summary

A retail management company in Kuala Lumpur seeks an experienced finance professional to oversee financial statements, budgeting, and cost control. The ideal candidate has 7–10 years in retail finance, with strong skills in analytical and leadership. This role involves managing financial reports and supporting retail operations to align financial plans with business goals. Candidates should possess a Bachelor's Degree in Accounting or Finance, with relevant certifications preferred. Willingness to travel is required for this position.

Qualifications

• Minimum 7–10 years of relevant experience, preferably in retail, FMCG, or trading.
• Strong understanding of retail financial processes: POS systems, inventory management, stock control, COGS, and margin analysis.
• Proficient in accounting systems and Microsoft Excel.

Responsibilities

• Prepare monthly, quarterly, and annual financial statements.
• Ensure timely month-end closing and accurate financial reports.
• Monitor store performance (sales, margins, expenses, profitability).
• Support pricing decisions, promotions, and margin improvements.

Skills

Analytical skills

Leadership

Communication

Financial reporting

Budgeting

Cash flow management

Cost control

Education

Bachelor’s Degree in Accounting, Finance or related field

Professional certification (ACCA, CPA, CIMA)

Tools

Microsoft Excel

Accounting systems

Job description

Prepare monthly, quarterly, and annual financial statements.

Ensure timely month-end closing and accurate financial reports.

Monitor store performance (sales, margins, expenses, profitability).

Analyst trends and provide insights to support management decisions.

2. Budgeting & Forecasting

Prepare annual budgets and regular financial forecasts.

Monitor performance against budget and highlight variances.

Work with retail operations to ensure financial plans support business goals.

3. Cash Flow & Cost Control

Manage cash flow to ensure smooth business operations.

Implement cost-saving measures where possible.

Monitor inventory valuation, shrinkage, wastage, and COGS.

4. Internal Controls & Compliance

Maintain strong internal controls for all retail outlets, warehouses, and HQ.

Ensure compliance with accounting standards, tax regulations, and company policies.

Manage internal and external audit processes.

5. Operational & Retail Support

Review POS data, cash handling, bank reconciliations, and daily sales reports.

Support pricing decisions, promotions, and margin improvements.

Oversee stock counts and inventory control processes.

Lead and supervise the finance and accounting team.

Train retail staff on finance and cash handling procedures.

Promote accuracy, accountability, and continuous improvement.

Key Responsibilities

• Prepare monthly, quarterly, and annual financial statements.
• Ensure timely month-end closing and accurate financial reports.
• Monitor store performance (sales, margins, expenses, profitability).
• Analyst trends and provide insights to support management decisions.

Budgeting & Forecasting

• Prepare annual budgets and regular financial forecasts.
• Monitor performance against budget and highlight variances.
• Work with retail operations to ensure financial plans support business goals.

Cash Flow & Cost Control

• Manage cash flow to ensure smooth business operations.
• Implement cost-saving measures where possible.
• Monitor inventory valuation, shrinkage, wastage, and COGS.

Internal Controls & Compliance

• Maintain strong internal controls for all retail outlets, warehouses, and HQ.
• Ensure compliance with accounting standards, tax regulations, and company policies.
• Manage internal and external audit processes.

Operational & Retail Support

• Review POS data, cash handling, bank reconciliations, and daily sales reports.
• Support pricing decisions, promotions, and margin improvements.
• Oversee stock counts and inventory control processes.
• Lead and supervise the finance and accounting team.
• Train retail staff on finance and cash handling procedures.
• Promote accuracy, accountability, and continuous improvement.

Team Leadership

• Lead and supervise the finance and accounting team.
• Train retail staff on finance and cash handling procedures.
• Promote accuracy, accountability, and continuous improvement.

Requirements

• Bachelor’s Degree in Accounting, Finance, or related field. Professional certification (e.g., ACCA, CPA, CIMA) is an added advantage.
• Minimum 7–10 years of relevant experience, preferably in retail, FMCG, or trading.
• Strong understanding of retail financial processes: POS systems, inventory management, stock control, COGS, and margin analysis.
• Proficient in accounting systems and Microsoft Excel.
• Excellent analytical, leadership, and communication skills.
• Ability to work under pressure and meet tight deadlines.
• Willing to travel from KL to Kuantan.