Plant Financial Controller (MNC)

Randstad; Johor Bahru; On-site; MYR 150,000 - 180,000; Full time

Job summary

A multinational manufacturing company in Johor Bahru is looking for a Financial Controller. You will guide the financial integrity and reporting of the plant while collaborating closely with the local management team. The ideal candidate will have at least 7 years of finance experience, including extensive knowledge of product costing, and be proficient in SAP. The role involves overseeing forecasts, budgets, compliance, and month-end processes. A professional finance certification is preferred.

Qualifications

• Minimum 7+ years of progressive finance experience, with 3 years in Plant Controller role.
• Expert-level knowledge of Product Costing, Standard Costing, and Variance Analysis.
• Strong business acumen and analytical thinking required.

Responsibilities

• Lead annual budgeting and long-term financial planning for the plant.
• Manage monthly and quarterly financial forecasts.
• Ensure compliance with accounting policies and internal controls.
• Oversee month-end and year-end closing processes.

Skills

Financial analysis

SAP (CO/FICO)

Advanced Excel

Cost-saving initiatives

Variance analysis

Education

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

Professional certification (ACCA, CPA, CIMA, or MIA)

Tools

SAP

Large-scale ERP systems

Financial modeling tools

Job description

Job Details

BJ Plant Financial Controller (MNC Manufacturing) – Location: Johor Bahru, Johor, Malaysia – Reporting To: Global Plant Financial Controller (Overseas HQ) – Dotted Line Reporting: Local CFO (Malaysia) and Plant Director (Johor) – Industry: Multinational Manufacturing (High-Volume/Precision)

Overview

The Plant Financial Controller will serve as the co-pilot to the Plant Director and a key member of the local management team, responsible for the integrity of financial reporting, robust internal controls, and the strategic financial direction of the Johor Bahru manufacturing facility.

Key Responsibilities

• Annual Planning: Lead the preparation and coordination of the plant's annual budget and long-term financial plans (LRP), working closely with department managers (Production, Engineering, Supply Chain).

• Forecasting: Manage and deliver accurate monthly/quarterly rolling financial forecasts for production volumes, revenues, CAPEX, and OPEX.

• Performance Reporting: Analyze monthly financial results, conducting detailed variance analysis against budget and forecast, and report findings to the Plant Director and Global Controller.

• Product Costing: Own and maintain the standard product costing models for all manufactured goods. Analyze Bills of Material (BOM) deviations, routings, and overhead allocations to ensure accurate inventory valuation and cost of goods sold (COGS).

• CAPEX Management: Oversee the entire CAPEX lifecycle for the plant, from business case justification (ROI, NPV, IRR calculation) and expenditure tracking to post-implementation review, ensuring strict adherence to approved limits and timelines.

• OPEX and Efficiency: Drive and track cost-saving initiatives and operational efficiency projects across the plant (e.g., utility consumption, labor utilization, waste reduction). Provide financial support to lean/Six Sigma initiatives.

• Inventory Control: Closely monitor inventory valuation (FIFO, LIFO), obsolescence risks, and scrap rates, partnering with Supply Chain and Operations to maintain optimal working capital levels.

• Financial Control: Ensure strict compliance with global accounting policies (e.g., IFRS/US GAAP), internal controls, and corporate governance standards within the plant's financial processes.

• Month-End Close: Oversee the accurate and timely completion of the plant's month-end and year-end closing processes, including fixed asset accounting and ensuring sub-ledger reconciliations are robust.

• Audit & Tax: Act as the main point of contact for internal audits and external statutory audits for the plant's financial records, coordinating with the local CFO/Group team on tax compliance matters.

Qualifications and Experience

• Education: Bachelor's degree in Accounting, Finance, or a related field. Professional certification (ACCA, CPA, CIMA, or MIA) is strongly preferred.

• Experience:

  • Minimum 7+ years of progressive finance experience, with at least 3 years specifically in a Plant Controller, Manufacturing Controller, or Cost Manager role within a large multinational manufacturing environment.

  • Demonstrated experience managing CAPEX and OPEX budgets within a heavy manufacturing or production facility.

  • Expert-level knowledge of Product Costing, Standard Costing, and Variance Analysis.

• Technical Skills: High proficiency in SAP (specifically CO/FICO modules) or equivalent large-scale ERP systems. Advanced Excel skills for complex financial modeling.

• Attributes: Strong business acumen, analytical thinking, excellent leadership skills, and the proven ability to influence non-finance operational leaders (Plant Director, Production Managers).

Application

If you are keen on this role, do apply via the provided link or reach out to the hiring contact.