Job Description:
Primary Function
Manage the overall function of the Finance Division so as to be a strategic business partner to the organization in achieving its business plan and profit target.
- Secure banking facilities to meet corporate borrowings requirement in the business plan to finance capital expenditure and working capital.
- Monitor and report actual versus budget to facilitate corrective actions to achieve business plan.
- Manage credit control to minimize bad debts.
- To ensure that the financial affairs of the company are conducted in such a way that is in compliance with the statutory requirements and Accepted Standard Accounting Practices.
- To provide advise/comments to the management with regards to the financial affairs of the company.
Main Duties and Responsibilities
- Responsible for the smooth operation of treasury, management & financial accounting, credit control, taxation, payroll, factory accounting and costing.
- Ensure yearly business plan and budget are completed and approved by Management within the deadline. Monitor monthly actual versus budget and report major variances to Management.
- Ensure timely closing of monthly accounts and get Management's approval for the monthly accounts closing, Ensure timely distribution of the financial and cost reports to the relevant internal and external recipients.
- Securing funding as required in the business plan to finance capital expenditure and working capital. Monitor bank facilities utilization versus approved bank facilities to ensure utilization within limit. Maintain good relationship with the banks.
- Plan & manage cash flow to ensure all payment commitments are paid within terms.
- Ensure all credit control procedures and policy are adhered to.
- Ensure compliance to J-SOX requirements on the internal control on financial reporting in order to prevent misreporting or fraud.
- Co-ordinate between directors and Company Secretary on company secretarial matters.
- Work closely with tax agents to ensure compliance to corporate tax reporting and payment of tax liabilities if any. Ensure compliance to reporting & payment dateline of sales tax, withholding taxes, MTD, EPF, SOCSO, Tabung Haji, HRDF and expatriate income taxes.
- Ensure annual general insurance policies renewal and co-ordinate insurance risk survey.
- Conduct half-yearly stock check for raw materials, engineering parts & finished goods and provide Management with the stock check results.
- Ensure smooth internal & external audit and response to any audit queries. Make audit adjustment where relevant.
- Provide OEM Manager with price quotation computation and assist during price negotiation when requested.
- Responsible for the training of subordinates in developing their potentials.
- To perform any other duties as assigned by the superior.
Limit of Authority
- Authority to sign cheques with another signatory, up to maximum of RM 50K with Group C, RM 250K with Group B and exceeding RM 250K with Group A. Authority to sign other documents as per Authority Limit Chart.
- All action & decision are in compliance to the statutory requirements & Accepted Standard Accounting Practices.
Job Requirement:
- A degree or a qualifies member of a Chartered Accountancy body that is recognized by Malaysian Institute of Accountants, Malaysia.
- Chartered member of Malaysian Institute of Accountants, Malaysia.
- Minimum 10 years working experience in the Finance Division with 5 years as the head of Finance Division.
- Must possess good communication skills and proficient in written English and Bahasa Malaysia.
- Familiar with SAP computerized accounting system.
- Must possess the necessary knowledge and skills in financial management, IFRS, corporate tax and credit control management.
- Possess leadership qualities and able to provide leadership to lead a team of financial managers, executives and staff.
- Working experience in J-SOX compliance will be an added advantage.
