Finance Manager
7 days ago
The ideal candidate will be responsible for working with senior management to develop financial strategies for the organization. You are comfortable handling large amounts of data, acting as a business partner and providing regular financial reporting.
Key Responsibilities:
Strategic Financial Management and Reporting
- Develop and implement financial strategies to support the company's growth and sustainability initiatives.
- Prepare, review, and analyze monthly, quarterly, and annual financial statements, ensuring compliance with accounting principles and company policies.
- Manage the development and maintenance of financial models, budgeting, forecasting, and planning to ensure alignment with both short- and long-term objectives.
- Monitor actual results against budgets, analyze variances, and prepare insightful reports to guide decision-making.
Audit, Taxation, Internal Controls & Regulatory Compliance:
- Coordinate with external auditors to ensure timely and accurate reporting.
- Coordinate and manage the annual audit process with external auditors, ensuring timely completion and compliance.
- Ensure timely and accurate tax filings, including corporate tax, VAT/GST, and withholding tax.
- Establish, document, and enforce internal controls to safeguard assets, prevent fraud, and ensure financial data accuracy.
- Stay updated on local tax laws and regulations, providing guidance on tax compliance matters.
- Ensure compliance with local, state, and federal regulatory requirements, including tax filings and financial audits.
Cash Flow and Treasury Management:
- Monitor and manage the company's cash flow, ensuring sufficient liquidity to meet operational needs and investment opportunities.
- Develop and implement cash flow strategies, optimizing the use of cash reserves and minimizing financing costs.
- Oversee bank relationships, credit facilities, and other financing arrangements.
Cost Control & Optimization:
- Develop and implement cost management strategies to enhance operational efficiency, ensuring expenses align with financial goals.
- Identify cost-saving opportunities and lead initiatives to boost profit margins.
- Collaborate with various departments to manage and monitor expenditures effectively.
Accounting Operations Management:
- Manage the accounting operations, including account payable, accounts receivable and general ledger activities.
- Handle invoicing and collection of outstanding invoices, identify collection issues, and implement strategies to improve collections and reduce overdue payments.
- Implement best practices in accounting policies and procedures to enhance efficiency and accuracy.
Financial Strategy and Business Partnering:
- Work closely with senior management to develop financial strategies that support the company's growth objectives.
- Provide financial insights and recommendations for key business decisions, investments, and strategic initiatives.
- Act as a trusted advisor to executive leadership, contributing to financial planning, risk management, and performance optimization.
- Maintain and manage relationships with banks and financial institutions to secure necessary funding.
- Negotiate favourable terms for business operations, oversee loan arrangements and renewals, and ensure compliance with banking covenants.
Systems & Processes:
- Enhance financial systems, tools, and processes to improve efficiency and accuracy in all financial operations.
- Support the implementation of digital tools and automation in financial reporting and analysis.
Job Requirements:
- Candidate must possess a bachelor's degree in Accounting or Finance.
- Professional qualification (ACCA, CPA, or equivalent) is preferred.
- Minimum of 8 years' experience in accounting and financial management is required.
- Strong knowledge of MFRS, costing, budgeting, taxation and internal control.
- Excellent analytical and problem-solving skills with a keen attention to detail.
- Strong organizational skills and the capability to perform effectively under tight deadlines.
- Experience in Public Listed companies is an added advantage.
- Proficiency in financial software (SQL, AutoCount & etc) and Microsoft Office.
- Resourceful, proactive, and detail-oriented, with a strategic mindset.
- Self-motivated, proactive, and able to work both independently and as part of a team with strong commitment to department/company harmony.
- Must be able to work under pressure and meet job demands effectively.
- Mid-Senior level
- Full-time
- Accounting/Auditing, Finance, and Analyst
- Semiconductor Manufacturing, Research Services, and Engineering Services
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