Assistant Manager - Finance & Cost Management

Key Responsibilities

1. Costing, Stock Valuation & Profitability Analysis

• Manage and review costing systems, inventory valuation, and stock reporting.
• Prepare monthly stock valuation for work-in-progress (WIP) and finished goods.
• Review cost allocations for materials, production costs, and factory overheads.
• Analyze product profitability by product group, customer, and contract, identifying margin issues and cost variances.

2. Management Reporting & Budgeting

• Prepare management reports and product group P&L statements.
• Support budgeting, forecasting, and variance analysis activities.
• Monitor production cost trends, cost drivers, inventory movements, and abnormal variances.
• Recommend cost control and business improvement initiatives.

3. Financial Controls & Payment Review

• Review payment proposals and supporting documents.
• Verify invoices, purchase orders, delivery orders, and receiving documents.
• Strengthen internal controls and governance processes.

4. Accounting & Compliance

• Oversee month-end closing activities and accounting records.
• Review reconciliations, accruals, provisions, and financial schedules.
• Support statutory audits and financial statement preparation.
• Liaise with auditors, tax agents, and regulatory authorities.
• Review tax computations and ensure compliance with filing deadlines.

5. Inventory Management

• Review inventory adjustments, write-offs, and stock movements.
• Monitor slow-moving and obsolete inventory.
• Work closely with operations, procurement, and warehouse teams to ensure inventory accuracy.

6. Risk Management & Compliance

• Coordinate insurance renewals and claims administration.
• Maintain insurance schedules and coverage reviews.
• Ensure compliance with company SOPs, ISO standards, and Energy Management System requirements.

7. Leadership & Team Management

• Supervise and develop finance team members.
• Delegate tasks and monitor performance.
• Support departmental planning and continuous improvement initiatives.
• Undertake additional duties assigned by management.

Requirements

• Education & Professional Qualifications
• Bachelor's Degree in Accounting, Finance, or related field.
• Professional qualification such as ACCA, CIMA, CPA, or equivalent is preferred.
• Minimum 5 years of relevant finance and accounting experience.
• Experience in manufacturing or similar industrial environments is an advantage.
• Hands-on experience in costing, inventory valuation, budgeting, and financial analysis.