First Level Executive, Financial Planning | Finance Department

Bank Negara Malaysia; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A central bank in Kuala Lumpur is seeking a Financial Planning FLE to support its financial operations by preparing and analyzing consolidated budgets. The role includes financial reporting for Trust Funds, providing comprehensive financial analysis, engaging with auditors, and ensuring compliance with reporting standards. Ideal candidates will hold a recognized degree in accounting, with experience in financial reporting being an advantage.

Qualifications

• A recognised degree in accounting and/or professional accounting qualification required.
• Experience in financial reporting, analysis, and forecasting is an advantage.
• Good knowledge in Microsoft Office applications.

Responsibilities

• Prepare the Annual Bank’s Budget based on business plans.
• Monitor and analyze financial and non-financial data for management reviews.
• Perform predictive analysis and medium/long term forecasting.
• Ensure compliance with financial reporting standards.
• Engage with auditors to facilitate financial audits.

Skills

Financial reporting

Financial analysis

Regulatory reporting

Compliance

Proficiency in Microsoft Office

Proficient in Bahasa Malaysia

Proficient in English

Education

Recognised degree in accounting

Professional accounting qualification (e.g. ACCA, MICPA, ICAEW)

Job description

Role Purpose

The Financial Planning FLE plays an important role in supporting the Bank’s financial operations. They are expected to prepare and analyse the Bank’s consolidated budget to align with the approved business plan, taking into consideration its value for money and fit for purpose. The FLE also provides professional accounting expertise and services which includes accurate and timely preparation of Trust Fund’s financial statements and management reports and provide effective advisory to support Management in overseeing the affiliates financial operations.

Principal Accountabilities

Financial Planning and Internal Controls

• Prepare the Annual Bank’s Budget taking into consideration the business plans, resources and trends.
• Monitors and provides analysis of financial as well as non-financial data to highlight opportunities, risks and issues to the Management and the respective Boards & Stakeholders during the Budget Review cycle.
• Perform predictive analysis and medium/long term forecasting of the Bank’s financial projection to ensure the Bank’s financial sustainability.

Financial Reporting for Trust Funds

• Apply relevant accounting standards in preparation of the Funds’ financial statements, accurately and timely to fulfill its statutory requirements.
• Keep pace with the latest development on regulatory reporting standards and best practices with a view to enhance reporting treatment and disclosures.
• Provide assurance on the funding request by the institutions supported by the Bank are within the Bank appetite and adequately to support the entities mandate.

Financial Analysis

Provide comprehensive financial analysis using various analytical tools to identify trends, variances and potential areas of concern as well as to produce meaningful reports to assist management in making informed decisions.

Benchmarking

Proactive in reviewing best market practices on financial reporting, disclosure standards and transparency initiatives in order to provide effective advisory to support the business needs.

Audit Coordination

Engage with internal and external auditors to facilitate financial audits. Provide documentation, explanations, and support as needed during audit processes to ensure smooth and timely annual year-end closing exercise (i.e: internal and external auditors).

Compliance

Comply with the financial reporting standards issued by Malaysian Accounting Standard Board and Guidelines issued by the Bank without compromising the Bank’s fundamental roles and responsibilities.

Qualifications

Academic Qualifications: A recognised degree in accounting and/or professional accounting qualification (e.g. ACCA, MICPA, ICAEW).

Experience:

1. Experience in financial reporting, analysis and forecasting would be an added advantage.
2. Good knowledge in Microsoft Office applications; and proficient in Bahasa Malaysia and English.