Assistant Manager, Finance

Job Description:

Finance

• Overseeing and managing the Finance Department
• Responsible for accurate and timely submission of financial and management reports and ensuring adherence to financial, accounting and operational procedures
• Responsible for providing accurate and timely submission of financial and cash flow forecast as well as accuracy on forecasting operational performance.
• Responsible for annual budgeting and preparing of statutory accounts
• Effective management of working capital especially on management of debtors and inventories.
• Review and analyse cost accounting report
• Actively support the Business Unit Head in value creation and cost reduction initiatives
• Recommend and implement internal control and corporate governance processes
• Report on financial performance, variance analysis and recommendations for process improvements
• Supervise, train and take leadership role in developing accounting staff
• Ensure adherence to financial, accounting and operational procedures and prompt submission of monthly financial and operational reports to Head Office.
• Design, implement, monitor and review the accounting system and procedures to meet the requirements of both the internal and external auditor.
• Liaise with bankers on banking facilities, foreign exchange and money market transactions, letter of credit and other banking matters.
• Monitor daily cash flow and project funding requirements for effective control and utilization of excess funds.
• Manage foreign exchange exposure and hedge appropriately in accordance with approved company policies.
• Provide financial information/analysis to management as and when required.
• Liaise closely with the marketing department on debt collection and compliance of credit term extended to customers.
• Assist management in the formulation of pricing policy for various products in response to changing commodity prices
• Preparation of tax computations for review by Group Tax and submission of applications for various tax incentives, such as double tax deduction for R & D expenditure and promotion of export expenses.
• Aggregation of the departmental budgets and preparation of the main financial budgets.
• Handle annual insurance renewals and attend to all audit queries relating to annual accounts.

Procurement

• Lead and assists in Procurement related matters
• Review every single source sourcing request
• Review monthly opened PO aging
• Review and approve for new vendor creation. Verification on newly setup or change in bank details
• Assist Procurement in business unit tender to ensure processes are transparent and aligned with group policy.

Job Requirement

• Degree in Finance / Accounting; or completed Accounting Professional Qualifications (e.g. ACCA/CPA/MICPA)
• Preferably with 10 years of experience in Finance / Accounting / Auditing and able to handle full set of accounts. Preferably with 3 years of experience in assistant managerial role.

To apply, please submit your resume and cover letter outlining your interest for this role.