Shape the Future of Health with Biomedia Holdings
Join a leading life sciences group driving innovation in Microbiology, Oncology, and Infectious Diseases across Southeast Asia. Headquartered in Singapore, Biomedia Holdings empowers healthcare, research, and pharma sectors with cutting-edge diagnostics, therapeutics, and lab technologies. As we expand across the region, we're looking for bold, agile professionals ready to make an impact. Be part of a team that's transforming science—and saving lives.
Responsibilities
Financial Reporting and Month-End Close:
- Manage end to end month-end closing process for all Malaysia entities
- Ensure timely and accurate preparation of monthly management accounts, including P&L, Balance Sheet, Cashflow, Working Capital and variance analysis.
- Review and ensure accuracy of all AP, AR, GL, inventory, accruals, prepayments, fixed assets, related parties and tax balances.
- Ensure all month-end journals are properly supported, reviewed, approved, and posted within the close timeline.
- Identify and resolve accounting issues before submission to Group Finance.
- Ensure financial reports are compliant with applicable accounting standards, regulatory requirements and Group policies.
- Provide clear explanations for key financial movements, variances, risks and unusual balances.
Balance Sheet Control and Reconciliation:
- Ensure monthly completion of balance sheet reconciliations.
- Monthly review of all balance sheet items.
- Ensure reconciling items are clearly explained, assigned to owners and resolved within agreed timelines.
- Maintain good quality control over balance sheet integrity and ensure issues are escalated early to Group finance.
Accounting Operations: AP, AR, GL and Inventory
- Oversee daily accounting operations across AP, AR, GL, inventory and fixed assets.
- Strengthen subledger posting accuracy and controls. Monitor AP supplier reconciliation and payments, AR collections and credit exposure.
- Ensure inventory accounting is properly controlled.
- Continuous process improvements to reduce manual posting entries and errors.
Budgeting, Forecasting and Business Support:
- Support Malaysia end to end budgeting and forecast process.
- Work with commercial, operations and department heads to ensure forecast assumptions are reasonable and properly supported.
- Review revenue, gross profit, operating expenses, headcount costs, working capital and cashflow forecasts.
- Provide variance analysis for deviations (>5%) against budget, forecast and prior year.
- Support management with financial insights to improve profitability, cost control, cashflow and operational efficiency.
- Partner with business leaders while maintaining strong finance discipline and control.
Cashflow and Working Capital Management:
- Lead monthly Malaysia cashflow forecast and working capital review with Group Finance.
- Monitor AR collections, AP payment planning, inventory levels, supplier terms and customer credit terms.
- Identify cashflow risks and recommend corrective actions.
- Provide monthly reporting on DSO, DPO, DOH, overdue balances and key cash movements.
Tax, Statutory and Regulatory Compliance:
- Ensure compliance with Malaysia statutory, tax, and regulatory requirements.
- Manage corporate tax, SST, withholding tax, LHDN requirements and other applicable tax matters.
- Ensure LHDN e-invoice requirements are properly implemented, monitored, and complied with.
- Ensure transfer pricing documentation and related-party transactions are properly supported and compliant with IRB requirements.
- Coordinate with external tax agents, auditors, company secretary, and regulatory advisors where required.
- Ensure all statutory filings and tax submissions are completed accurately and on time.
Risk Management and Internal Controls:
- Identify financial, operational, tax, compliance, and reporting risks within Malaysia finance.
- Implement and monitor effective internal controls over financial reporting and business processes.
- Ensure compliance with approval authority, delegation of authority, payment controls, journal approval, and documentation requirements.
- Maintain issue logs, error logs, and action trackers for recurring finance issues.
- Escalate material risks, control gaps, and unresolved issues to Group Finance in a timely manner.
Team Leadership and Development:
- Lead, supervise, coach, and develop the Malaysia finance team.
- Set clear responsibilities, deadlines, review standards, and accountability for team members.
- Provide hands-on guidance to accountants, AP, AR, and GL staff.
- Build team capability in accounting standards, close discipline, reconciliations, SAP/ERP usage, reporting, and controls.
- Identify performance gaps and take corrective action where required.
- Develop backups for critical finance tasks to reduce key-person dependency.
- Foster a disciplined, accountable, collaborative, and results-oriented finance culture.
Qualifications:
- Bachelor's degree in accounting, or a related field
- ISCA / Chartered Accountant / ACCA Member
- Minimum 10 years of professional accounting experience
- Proven experience in leading teams and managing accounting operations
- Preferably in the trading and distribution industry
- ERP Implementation experience is a plus.
- Strong understanding of financial regulations, accounting principles, and financial analysis
- Skilled in performing detailed and complex numerical computations and reports
- Excellent communication and interpersonal skills.
- Proficient in MS Office suite especially MS Excel (Pivot, V-Lookup) and PowerPoint; monthly preparation of presentation will be required
- Proficiency in ERP system - Navision/Business Central experience is an advantage
- Good in execution, structured, resilient, meticulous and detailed
- A resilient team player to the management team and can deliver under tight deadlines
- Experience in managing a shared service centre will be a plus
