Staff Financial Specialist

Renesas Electronics; Bayan Lepas; Hybrid; MYR 80,000 - 100,000; Full time

Job summary

A leading semiconductor solutions provider located in Penang is seeking a Staff Financial Specialist. This role involves managing and controlling company expenses and provides insights through financial planning and analysis. Candidates should have at least 5 years of experience in cost control and budgeting, and proficiency in ERP systems like SAP. The company offers a hybrid work model, allowing remote work two days a week. This position is key in driving cost optimization initiatives and supporting strategic decision-making.

Benefits

Flexible work environment

Professional development opportunities

Inclusive workplace culture

Remote work options

Qualifications

• Minimum 5 years in financial planning, cost control, or manufacturing finance.
• Experience in budgeting, forecasting, and variance analysis.
• Familiarity with manufacturing cost structures and inventory management.

Responsibilities

• Monitor, analyze, and provide feedback on expense control.
• Prepare and submit monthly expense forecast and actual.
• Conduct monthly control analysis and coordinate cost analysis meetings.

Skills

Analytical skills

Problem-solving skills

Communication skills

Coordination skills

Time management

Education

Bachelor’s degree in Finance, Accounting, Business Administration, or related field

Tools

ERP systems (SAP)

Excel

Job description

Staff Financial Specialist

To manage and control company expenses and costing processes, ensuring accurate financial planning, budgeting, and reporting. This role drives cost optimization initiatives, monitors performance against KPIs, and supports strategic decision-making through detailed analysis of expenses, manpower, inventory, and pricing.

Expense & Cost Control

• Monitor, analyze, and provide feedback on expense control
• Prepare and submit monthly expense forecast and actual
• Conduct monthly control analysis and coordinate the cost analysis meetings
• Perform monthly labor cost and expenses allocation analysis

Financial Planning & Reporting

• Prepare and review management reports KPI dashboards
• Coordinate and making yearly/half-yearly budgets and midterm plans
• Confirm total budget control and company budget-making processes

Standard Costing & Pricing

• Prepare unit cost estimation for new product introduction
• Handle FG pricing (non-budget) and support on transfer pricing documentation
• Support financial audits (die price, FGTP, standard costing)

Analysis & Forecasting

• Perform analysis on Yield/Price/Exchange variances
• Analyze monthly sales, manpower, and expense trends
• Handle ad hoc analysis requests

Training & Compliance

• Ensure compliance with 5S and Safety audits

Qualifications

• Education: Bachelor’s degree in Finance, Accounting, Business Administration, or related field.
• Experience: Minimum 5 years in financial planning, cost control, or manufacturing finance. Experience in budgeting, forecasting, and variance analysis.
• Technical Skills: Proficiency in ERP systems (SAP) is a plus. Strong Excel and data analysis skills; knowledge of RPA and automation tools is a plus.
• Knowledge: Standard costing, BOM, transfer pricing, and financial audit processes. Familiarity with manufacturing cost structures and inventory management.
• Soft Skills: Strong analytical and problem‑solving abilities. Excellent communication and coordination skills. Ability to manage multiple priorities and lead a team effectively.

Additional Information

Renesas is an embedded semiconductor solution provider driven by its Purpose ‘To Make Our Lives Easier.’ As the industry’s leading expert in embedded processing with unmatched quality and system‑level know‑how, we have evolved to provide scalable and comprehensive semiconductor solutions for automotive, industrial, infrastructure, and IoT industries based on the broadest product portfolio, including High Performance Computing, Embedded Processing, Analog & Connectivity, and Power.

With a diverse team of over 21,000 professionals in more than 30 countries, we continue to expand our boundaries to offer enhanced user experiences through digitalization and usher into a new era of innovation. We design and develop sustainable, power‑efficient solutions today that help people and communities thrive tomorrow, ‘To Make Our Lives Easier.’

At Renesas, You Can

• Launch and advance your career in technical and business roles across four Product Groups and various corporate functions. You will have the opportunities to explore our hardware and software capabilities and try new things.
• Make a real impact by developing innovative products and solutions to meet our global customers' evolving needs and help make people’s lives easier, safe and secure.
• Maximize your performance and wellbeing in our flexible and inclusive work environment. Our people‑first culture and global support system, including the remote work option and Employee Resource Groups, will help you excel from the first day.

Are you ready to own your success and make your mark?

Join Renesas. Let’s Shape the Future together.

Renesas Electronics is an equal opportunity and affirmative action employer, committed to supporting diversity and fostering a work environment free of discrimination on the basis of sex, race, religion, national origin, gender, gender identity, gender expression, age, sexual orientation, military status, veteran status or any other basis protected by law. For more information, please read our Diversity & Inclusion Statement.

We have adopted a hybrid model that gives employees the ability to work remotely two days a week while ensuring that we come together as a team in the office the rest of the time. The designated in‑office days are Tuesday through Thursday for innovation, collaboration and continuous learning.