finance manager

Overview

Who you'll be working for

What requirements you'll need to be eligible

• Min 10 years of experience. 

What you'll be doing on the job

Key Responsibilities

1. Establishment of Finance Functions

• Set Up Financial Department:
  • Develop and implement financial processes and systems from the ground up.
  • Establish accounting procedures, internal controls, and reporting mechanisms.
• System Implementation:
  • Collaborate with the Transformation Senior Manager on ERP system rollout specific to the FMCG division.
  • Ensure financial systems are integrated with group-level systems for seamless reporting.

2. Financial Reporting and Compliance

• Quarterly Reporting:
  • Prepare accurate and timely quarterly financial statements in accordance with Malaysian Financial Reporting Standards (MFRS).
  • Ensure compliance with group reporting timelines and standards.
• Regulatory Compliance:
  • Ensure all financial activities comply with local laws and regulations.
  • Liaise with auditors for yearly audits, regulatory bodies as required and attend to yearly tax submission

3. Financial Planning and Analysis

• Budgeting and Forecasting:
  • Develop annual budgets and financial forecasts for the FMCG division.
  • Monitor actual performance against budgets and provide variance analysis.
• Financial Analysis:
  • Analyze financial data to support strategic decision-making.
  • Identify trends, risks, and opportunities to improve financial performance.

4. Implementation of Financial Policies

• Policy Development and Implementation:
  • Implement group financial policies within the FMCG company.
  • Adapt policies as necessary to fit the specific context of the FMCG division while maintaining compliance with group standards.
• Internal Controls:
  • Establish robust internal control systems to safeguard assets and ensure data integrity.
  • Regularly review and update controls to address evolving business needs.

5. Cash and Treasury Management

• Cash Flow Management:
  • Monitor cash flows to ensure sufficient liquidity for operational needs.
  • Optimize working capital through effective management of receivables and payables.
• Banking Relations:
  • Manage relationships with local banks and financial institutions.
  • Oversee banking transactions, including payments, receipts, and reconciliations.

6. Team Leadership and Development

• Build Finance Team:
• Recruit, train, and develop a competent finance team as needed.
• Provide leadership and mentorship to team members.
• Performance Management:
  • Set clear objectives and KPIs for the finance team.
  • Conduct regular performance evaluations and provide constructive feedback.

7. Collaboration and Stakeholder Management

• Cross-Functional Collaboration:
  • Work closely with the FMCG General Manager and other department heads to support business objectives.
  • Collaborate with the Transformation Senior Manager and CFO to ensure alignment with group strategies.
• Stakeholder Communication:
  • Communicate financial information effectively to internal and external stakeholders.

Consultant Contact