General Manager, Finance

MindMerge Consulting; Petaling Jaya; On-site; MYR 150,000 - 200,000; Full time

Job summary

A leading property conglomerate is seeking a General Manager of Finance to oversee the financial operations and reporting. The successful candidate will manage all aspects of group financial reporting, ensure compliance with relevant standards, and lead the financial planning and analysis team. Responsibilities include preparing financial statements, monitoring budget variances, and supporting recruitment efforts within the finance sector. Ideal candidates should hold a degree in Accounting or Finance and have relevant professional qualifications.

Qualifications

• Degree in Accounting / Finance or a related discipline.
• Professional qualification in Accounting (like ACCA or CPA).
• Prior experience in a public listed company, preferably in the property sector.

Responsibilities

• Oversee group financial reporting and compliance.
• Prepare financial statements for stakeholders.
• Monitor and analyze budget variances.
• Support operational finance matters and recruitment.

Skills

Financial reporting

Financial planning and analysis

Budget monitoring and analysis

Compliance with accounting standards

Education

Degree in Accounting / Finance

Professional Qualification: ACCA/ ICAEW/ MICPA/ CIMA/ CPA or MIA member

Job description

Petaling Jaya, Malaysia | Posted on 11/06/2024

Our client is a top property conglomerate. They are looking for a General Manager of Finance (Consolidation and Financial Planning & Analysis). He/she is primarily responsible to oversee the finance function in the area of:

• Group financial reporting for external and internal stakeholders.
  
• Group financial planning and analysis.
  

Responsibilities

Consolidation and Financial Reporting

• Monthly reporting, quarterly reporting, annual financial statements of:
  - Group financials
  - Listed holding company and intermediate holding companies
  - IAM entities under Group Finance
  - Selected semi-active and dormant entities
• Preparation of AC and BOD papers including matters arising, related party transactions, non-audit fees, annual audit fees, dividend and ad-hoc financial reporting related papers
• Regular review of non-property development JV and associate and BPS financials
• Setting and/or updating group accounting policies on new transactions and new accounting standards
• Ensure compliance with MFRS, group accounting policies, Companies Act (where relevant to financial reporting) via regular review of group-wide practices on rotational basis and upon consultation
• Addressing internal and external stakeholders’ requests, e.g., inter-departmental support (Corporate Planning, GMD office, Group Risk, Sustainability, GCAD, etc.), shareholders, MSWG, etc.
• Preparation of group annual operating plan, mid-year review and monthly forecasts.
• Monitor, analyse and report variances between actual performance against budget with the objective of identifying gap for management action and decisions.
• Annual report and AGM – preparation of GCFO statement, management discussion & analysis and review of all financial-related matters; AGM FAQ
• Board member of certain subsidiaries and JVs.
• OC and exco member of non-PD subsidiaries and JVs.
• Attend meetings, provide input and approve matters under the purview of BOD/Committee in respect of the above roles.

Corporate proposals/project/operational support

• Provide input on financial reporting implication especially around group / consolidated financial impact.
• Review of financial assessments for non-PD Group Tender Committee and Board Tender Committee papers.
• Assess and approve non-PD approval papers in accordance with LOA.
• Support and advise operations on financial matters.

Internal Control

• Provide support on existing process and procedures upon consultation.
• Monitor action taken by entities accountants on internal control weaknesses identified.

People

• Ongoing assessment of organization design of staffing and job allocation within the Consolidation/FP&A team.
• Supporting GCFO on Group Finance annual organizational design review.
• Setting and monitoring KPI of the team.
• Recruitment of finance staff within the consolidation / FP&A team.
• Providing support on recruitment of finance staff outside Group Finance, e.g. operational finance.
• Provide guidance and coaching to the team.
• Identifying training needs and provide training, as needed, to the team.

Requirements

• Education: Degree in Accounting / Finance or other related discipline.
• Professional Qualification: ACCA/ ICAEW/ MICPA/ CIMA/ CPA or MIA member.
• Prior experience in PLC and in the property or construction industry.