Finance Manager

In charge of the full spectrum of financial accounting and reporting function. Responsible for ensuring that all financial matters are handled responsibly and compliance with accounting standards. This involves manage the day-to-day financial operations of the company, handling financial transactions, preparing financial reports in a timely and accurate manner.

Responsibilities

Mid to Long term Strategic & Predictive Preparation

Support the preparation of annual budgets, forecast and financial planning, proper summarize and explanation of variances on actual performance as compared to budget/forecasts to support target achievement

To perform variance analysis in providing useful insight to management for margin improvement, to support on business strategy and decision making

Planning & Operational Execution

Maintain full set of accounts, including general ledger entire, fixed asset listing, balance sheet schedules, account receivable and payable, month end closing of accounts, ensure accuracy and timely recording of accounting transactions in compliance with accounting standard and regulations.

Verify all the AP and AR Invoices posting, petty cash reimbursement, staff expenses claims and payment transaction.

Monthly management on cash flow, timely payment processing in accordance with payment schedules.

Support preparation of yearly financial statements and corporate income tax, to liaise with auditors and tax agents on financial and tax matters.

Assist on project work and other ad-hoc duties where appropriate.

Data Analysis and Reporting

Monthly preparation of the Group's financial and management reports, analysis of key financial areas such as MTD/YTD financial performance, AR/AP turnover, sales to direct labor ratio and space productivity to provide useful insight for improvement.

Prepare and analyse financial statements, including balance sheet, income statements and cash flow statements

Ensure accuracy and completeness of financial records and reports

Manage and supervise the finance team on day-to-day activities such as General Ledger, Accounts Receivables, Accounts Payables, Fixed Assets, Inventory and Costing functions

Assist on simulation work and other ad-hoc duties where appropriate.

Inventory and Cash Flow Management

Analysis on inventory turnover days

Analysis on aged inventory, to work closely with planning, sales and purchasing department to clear the aged inventory

Monthly management of cash flow, monitoring and control of cash conversion cycle

Forecast cash flow positions, related borrowing needs and available funds for investment

Optimise cash management procedures to ensure liquidity and meet financial obligations

Monitor and manage accounts payable and accounts receivable processes

Monitor receivables and work with the sales team on collection

Work with the procurement team on credit terms to improve cash flows

Financial Process Improvement

Identify opportunities for process improvements in financial operations

Implement efficient financial procedures and systems to enhance accuracy and productivity

Streamline financial reporting processes

Lead the finance team and collaborate with other departments in the integration of ERP systems, financial software and data analytics tools for streamlined financial processes

Compliance with Financial Regulations

Ensure compliance with local and international financial reporting standards, and local laws and regulations on financial related areas

Manage internal controls and financial procedures to maintain compliance and mitigate risks

Liaise with auditors and regulatory authorities during financial audits

Stakeholder Communication

Communicate financial information effectively to non-finance stakeholders

Provide financial insights and recommendations to support strategic decision-making

Build and maintain relationships with external partners, such as banks, vendors tax agents and auditors

Experience

• Minimum 10 years of progressive experience in accounting, finance or audit, of which at least 3 years are in a managerial capacity
• Preferably from manufacturing background
• Strong command of the English language, able to read and converse in Mandarin with our China colleagues and the general ability to communicate clearly is essential

Qualifications

Bachelor's degree in accounting/finance, or equivalent. CPA is a must.

Competencies

Technical

Knowledge in full set of accounts, financial reporting, financial analysis, budget and forecasting

Non-Technical

Comfortable in a hands-on, fast-paced environment. Meticulous, proactive, resourceful and self-driven with a positive mindset.

Leadership (if applicable)

Able to provide proper guidance to teammates.