Group CFO (Manufacturing)

AGENSI PEKERJAAN MVC RESOURCES SDN. BHD.; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

A financial services company in Kuala Lumpur seeks a Senior Financial Manager to oversee financial statement preparation, manage close processes, and ensure compliance with reporting requirements. The ideal candidate will have over 10 years of finance experience, expertise in cost accounting within a manufacturing setting, and leadership capabilities. Responsibilities include financial planning, analysis, and team management, with opportunities for systems implementation and process optimization.

Qualifications

• Minimum of 10 years of experience in finance, with at least 3-5 years in a senior financial management or controller role.
• Proven experience in group financial consolidation, particularly in a multi-entity environment.
• Strong knowledge of accounting standards (IFRS, local GAAP) and financial reporting requirements.

Responsibilities

• Oversee the preparation and consolidation of financial statements for the group.
• Manage the quarterly and annual financial close processes.
• Assist in budgeting, forecasting, and long-term financial planning for the group.

Skills

Financial analysis

Cost accounting

Financial reporting

Leadership

Education

Bachelor's degree in Finance, Accounting, or a related field

Professional qualification (ACCA, ACA, CPA, or equivalent)

Tools

SAP

Oracle

Microsoft Dynamics

Excel

Job description

• Oversee the preparation and consolidation of financial statements for the group, ensuring compliance with IFRS and local accounting standards.
• Manage the quarterly and annual financial close processes across multiple subsidiaries and business units.
• Analyze and provide detailed explanations of group-wide financial results, highlighting any variances from budgets and forecasts.
• Coordinate the inter-company reconciliations, eliminating inter-company transactions and ensuring accuracy.

Manufacturing and Costing

• Understand and evaluate the manufacturing cost structure, analyzing the cost of goods sold (COGS), direct and indirect costs, and overhead allocation.
• Collaborate with the operations and production teams to ensure accurate costing of products and services.
• Implement and manage cost accounting systems that track and allocate costs efficiently across different manufacturing units.
• Drive improvements in manufacturing cost efficiency through process optimization and strategic recommendations.

System Implementation

• Lead and support the implementation of new financial systems or upgrades to existing ERP/accounting systems.
• Work closely with IT and other departments to ensure smooth system integration and alignment with business processes.
• Provide guidance and training to finance and accounting teams on system use and best practices.
• Ensure financial data flows seamlessly through the organization’s systems, from production to financial reporting.

Financial Planning & Analysis (FP&A)

• Assist in budgeting, forecasting, and long-term financial planning for the group.
• Support strategic decision-making by providing detailed financial analysis, cost-benefit evaluations, and scenario modeling.
• Monitor key financial performance indicators (KPIs) and recommend corrective actions where needed.

Compliance and Reporting

• Ensure compliance with statutory and regulatory reporting requirements across all jurisdictions in which the company operates.
• Prepare board-level reports, presenting financial insights, risks, and opportunities for the business.
• Oversee external audits, liaising with auditors to ensure timely and smooth audits.
• Manage and develop a team of finance professionals, ensuring ongoing training and development.
• Foster a culture of continuous improvement within the finance department.

Requirements

Educational Background:

• Bachelor's degree in Finance, Accounting, or a related field.
• Professional qualification (ACCA, ACA, CPA, or equivalent) is highly preferred.

Experience:

• Minimum of 10 years of experience in finance, with at least 3-5 years in a senior financial management or controller role.
• Proven experience in group financial consolidation, particularly in a multi-entity environment.
• Solid understanding of cost accounting, particularly in a manufacturing environment.
• Demonstrable experience with ERP and financial systems implementation. Familiarity with systems like SAP, Oracle, or Microsoft Dynamics is an advantage.
• Previous experience with system upgrades and process automation is desirable.

Technical Skills:

• Advanced Excel skills and financial modeling expertise.
• Strong knowledge of accounting standards (IFRS, local GAAP) and financial reporting requirements.
• Familiarity with financial planning software and data visualization tools.

Personal Attributes:

• Strong leadership and team management abilities.
• High attention to detail and accuracy.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills, with the ability to collaborate cross-functionally.