Financial Controller

Job Title: Financial Controller

Reporting To: Finance Director

Overall Purpose of the Role: To oversee and manage all financial operations of the company, ensuring accurate and timely financial reporting, compliance with regulatory requirements, and effective financial planning and analysis to support strategic decision-making and achieve organizational goals.

Key Responsibilities:

1. Financial Reporting & Analysis:

• Prepare and review financial statements: This includes monthly, quarterly, and annual financial statements (P&L, Balance Sheet, Cash Flow) in accordance with Malaysian Financial Reporting Standards (MFRS) and International Financial Reporting Standards (IFRS).
• Consolidation: For group companies, oversee the consolidation of financial statements.
• Management Reporting: Develop and present comprehensive management reports, including variance analysis, key performance indicators (KPIs), and financial insights to senior management and the board.
• Budgeting & Forecasting: Lead the annual budgeting process and periodic forecasting, monitoring performance against budget and providing explanations for variances.
• Financial Analysis: Conduct in-depth financial analysis to identify trends, risks, and opportunities, and provide recommendations for improvement.

1. Accounting Operations & Control:

• Oversee daily accounting operations: Manage daily reporting requirements and manage shared service team for daily accounting operations.
• Internal Controls: Establish, implement, and maintain robust internal control systems to safeguard company assets, ensure data integrity, and prevent fraud.
• Reconciliations: Ensure timely and accurate reconciliation of all balance sheet accounts.
• Audit Management: Liaise with external auditors, prepare audit schedules, and ensure a smooth and efficient audit process. Address audit queries and implement recommendations.
• Taxation: Oversee all tax-related matters, including corporate tax, SST (Sales and Service Tax), withholding tax, and other relevant taxes. Ensure timely and accurate tax filings and compliance with Malaysian tax laws.

1. Cash Flow Management:

• Cash Flow Forecasting: Develop and monitor cash flow forecasts to ensure adequate liquidity.
• Working Capital Management: Optimize working capital by managing accounts receivable, accounts payable, and inventory levels.
• Banking Relationships: Manage banking relationships and ensure efficient treasury operations.

1. Compliance & Governance:

• Regulatory Compliance: Ensure compliance with all relevant Malaysian laws, regulations, and accounting standards (e.g., Companies Act 2016, MFRS and SST).
• Company Policies: Develop and enforce financial policies and procedures.
• Corporate Governance: Contribute to strong corporate governance practices.

1. Team Leadership & Development:

• Lead and mentor: Supervise, train, and develop a team of accounting and finance professionals.
• Performance Management: Conduct performance appraisals and foster a high-performing team environment.

1. Strategic Support:

• Business Partnering: Act as a key business partner to other departments, providing financial insights and support for operational decisions.
• Ad-hoc Projects: Participate in special projects, such as system implementations, mergers and acquisitions, or business expansion initiatives.

Key Requirements (Qualifications & Experience):

• Education: Bachelor's degree in Accounting, Finance, or a related field.
• Professional Qualification: Mandatory or highly preferred: Professional accounting qualification such as ACCA, CPA, CIMA, MIA (Malaysian Institute of Accountants membership).
• Experience: Typically 8-15+ years of progressive experience in accounting and finance, with a significant portion in a managerial or supervisory role. Experience in a similar industry or MNC is often a plus.
• Technical Skills:
• Strong knowledge of MFRS/IFRS and Malaysian tax laws.
• Proficiency in accounting software (e.g., SAP, Oracle, Microsoft Dynamics, Xero, QuickBooks) and advanced Excel skills. Experience in managing new system is often a plus.
• Experience with financial modeling and data analysis.
• Soft Skills:
• Excellent analytical and problem-solving skills.
• Strong leadership and team management abilities.
• Exceptional communication and interpersonal skills.
• High level of integrity, accuracy, and attention to detail.
• Ability to work under pressure and meet tight deadlines.
• Strategic thinking and business acumen.

Desired Attributes:

• Proactive and results-oriented.
• Desire to change and adaptable to change
• Able to drive process improvements.
• Strong ethical compass.

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