Plant Controller

AEL Engineering Sdn Bhd; Seberang Perai; On-site; MYR 180,000 - 280,000; Full time

Benefits offered by this job

Medical insurance

Miscellaneous allowance

Dental

Personal accident

Hospitalization and Term Life

Job summary

AEL Engineering Sdn Bhd in Penang is seeking a Plant Controller to lead annual budgeting, monthly forecasting, and consolidate financial plans into reporting systems.

You will partner with operations to manage risks and opportunities, oversee month-end closing, and ensure accurate variance analysis, costing, and working capital optimization.

The role requires 10+ years in finance, SAP ERP proficiency, and IFRS/GAAP knowledge; fluent English; interaction with senior leadership expected.

Qualifications

• Bachelor’s degree in finance or accounting, with professional body membership a plus.
• 10+ years hands-on finance experience, including at least 3 years in a finance manager role.
• Experience in MNCs or large enterprises, preferably in mechanical, electrical and/or communications industries.
• Proficient in SAP ERP; familiar with local GAAP, tax regulation and IFRS GAAP.
• Fluent in both written and spoken English.

Responsibilities

• Lead annual budgeting and monthly forecasting processes.
• Consolidate and upload financial plans into reporting systems.
• Partner with operations to manage risks and opportunities.
• Improve forecast accuracy and support KPI achievement.
• Lead month-end closing and consolidation; ensure timely, accurate reporting.
• Review and ensure balance sheet reconciliations and analyses are up-to-date.
• Drive cost control, inventory accuracy, and cost variances remediation.
• Review quotations, capex ROI, and ensure project margins align with targets.
• Oversee working capital optimization: payables, AR delinquency, and cash conversion cycle.
• Ensure compliance with internal controls, corporate finance policies, and audits.

Skills

FP&A

Budgeting

Forecasting

Financial analysis

English fluency

Education

Bachelor’s degree in finance or accounting

CPA/ACCA/CMA or professional body membership

Tools

SAP ERP

Job description

Lead annual budgeting and monthly forecasting processes.

Consolidate and upload financial plans into reporting systems.

Partner with operations to manage risks and opportunities.

Improve forecast accuracy and support KPI achievement.

B. Accounting & Reporting

Lead and oversee month-end closing and consolidation process, ensure actual report uploaded into reporting system in accurate and timely manner.

Review and ensure statutory accounting reports and management reporting accurate and reconciled.

Review and ensure Balance Sheet reconciliations and analysis are prepared monthly, all open items / aged items are monitored and actioned in time, keep BS clean. In the meanwhile, financial exposures are identified, assessed and timely booked and mitigated.

C. Inventory Control and Costing

Scrutinize inventory aging, facilitate to minimize inventory excess and obsolete.

Support inventory physical count, fix the root cause of count variance.

Ensure accurate BOM, routing and standard cost maintained in system from time to time.

Ensure cost variances are reviewed and remedy actions are taken in time manner.

Drive continuous improvement on cost reduction for both above gross margin and below gross margin.

D. Commercial

Review quotation cost and price, Capex investment and return on investment analysis, ensure new project margin and commercial terms in line with business target.

Review key project execution, analyze deviation from target P&L and ROI, calibrate quotation costing assumption, drive remedy actions to achieve project targets.

E. Working Capital Optimization

Review and approve payables

Ensure credit control in place, drive the settlement on AR delinquency.

Drive initiatives to improve cash conversion cycle including DSO, DIO and DPO.

F. Internal Controls & Compliance

Ensure financial transactions are in line with corporate finance policy and ensure adherence to corporate ethic policies and internal controls.

Support periodic internal audits and assist in external audits.

G. Tax Compliance

Ensure tax declarations comply with local tax regulations, tax risks are highlighted and mitigated in timely manner.

Ensure to meet requirements for all tax incentive schemes.

Requirements and skills

Bachelor’s degree in finance or accounting, CPA/ACCA/CMA or member of any professional accounting body is a plus.

10+ years hands on finance experience (incl. at least 3 years in finance manager position) in MNC or large enterprises preferably in mechanical, electrical and/or communications industry, handled overall finance scope, with solid FP&A, Costing and Commercial finance experiences.

Be proficient in the SAP ERP

Familiar with local GAAP, tax regulation and IFRS GAAP

Fluent in both written and spoken English

Success Factors

Good business sense, effective communication, result driven and engaged leadership

Commitment to excellence, solution oriented and good problem solving skills

Self-motivated team player with ability to lead a team and drive changes

Perks and benefits Medical Miscellaneous allowance Dental Personal Accident, Hospitalization and Term Life I

• How many years' experience do you have as a Plant Controller?