Financial Manager Consolidation

CareerMaster; Johor; On-site; MYR 245,000 - 328,000; Full time

Job summary

A leading engineering company located in Johor, Malaysia, is seeking an experienced finance professional to oversee financial consolidations across subsidiaries. This role demands strong leadership and a deep knowledge of construction accounting standards. Candidates must possess a Bachelor's degree in Accounting or Finance and have 8-10 years of experience, particularly in the construction or engineering sectors. The position offers a competitive salary alongside attractive benefits, aiming to enhance financial reporting systems and ensure compliance across various jurisdictions.

Benefits

Fixed Basic

Variable Bonus

Travel Claims

Qualifications

• 8-10 years of accounting and finance experience, including group consolidation.
• Experience in construction or engineering sectors preferred.
• Solid understanding of financial risks related to construction contracts.

Responsibilities

• Oversee consolidation of financial statements for subsidiaries.
• Ensure compliance with IFRS and local GAAP.
• Manage project-level financials and cash flow.

Skills

Leadership

Analytical skills

Communication skills

Project finance management

Regulatory compliance knowledge

Education

Bachelor’s degree in Accounting or Finance

CPA or ACCA certification

Job description

Data Center Mechanical and Electrical Engineering Company

Working Days: 5 days

Attractive Benefits Included:

• Fixed Basic
• Variable Bonus
• Travel Claims

Interested candidates, kindly your Job Seeker Profile with CareerMaster & APPLY NOW!

Shortlisted candidates will be notified.

JOB RESPONSIBILITIES

• Oversee monthly, quarterly, and annual consolidation of financial statements for all subsidiaries, including international entities and project-specific joint ventures.
• Ensure compliance with IFRS and local GAAP, including construction-specific standards
• Manage foreign currency translation, intercompany eliminations, and cross-border adjustments.
• Manage and ensure compliance with global transfer pricing regulations

Project Accounting & Cost Management

• Monitor project-level financials including WIP (Work-in-Progress), cost-to-complete analysis, and revenue recognition based on project milestones.
• Ensure accurate treatment of retention sums, performance guarantees, and project-specific accruals.

Budgeting, Forecasting & Cash Flow

• Lead annual budgeting and forecasting across all subsidiaries, ensuring alignment with project timelines and funding needs.
• Track group-wide cash flow, especially for capital-intensive projects and overseas operations.

Compliance, Audit & Risk

• Ensure tax compliance across jurisdictions (including withholding tax, VAT/GST, etc.).
• Strengthen internal controls related to procurement, subcontractor payments, and inventory usage at project sites.

System & Process Improvement

• Implement and enhance financial reporting systems, with a focus on project accounting integration
• Drive automation of cost tracking, intercompany reporting, and consolidation.
• Develop and enforce group-wide accounting policies and SOPs, especially for overseas subsidiaries and JV structures.
• Lead and mentor the accounts teams across subsidiaries, ensuring consistent application of group policies.
• Act as a key liaison between finance, project management, commercial, and corporate teams especially with banks financing our project
• Participate in coordinating group-wide audit processes, including statutory audits and project-specific reviews.
• Continuous improvement areas - Strengthen internal controls related to procurement, subcontractor payments, and inventory usage at project sites

JOB REQUIREMENTS

• Bachelor’s degree in Accounting, Finance, or a related field (professional certifications such as CPA or ACCA are strongly preferred).
• Minimum 8-10 years of accounting and finance experience, with at least 3-5 years in a group consolidation role within the construction or engineering sector.
• Proven experience in consolidating financial results across multiple entities and overseas subsidiaries, including handling intercompany eliminations and foreign currency translations.
• Strong knowledge of construction-related accounting standards, WIP reporting, and long-term contract accounting.
• Solid understanding of tax and regulatory compliance in multiple jurisdictions, particularly for construction projects abroad.
• Strong leadership, analytical, and communication skills, with the ability to work cross-functionally with project, commercial, and site teams.
• Demonstrated ability to manage financial risks related to construction contracts, such as variation orders, retention sums, and claims

Preferred Experience

• Proven background in the construction and engineering sectors with exposure to project finance.
• Hands-on experience managing financial consolidation and reporting for overseas subsidiaries and joint ventures.
• Familiarity with multi-jurisdictional tax compliance and regulatory environments, especially related to cross-border construction projects.
• Demonstrated ability to lead cross-functional teams across multiple locations and cultural contexts.
• Experience working in fast-paced, capital-intensive environments with complex contractual arrangements.

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