Head of Finance

Head of Finance

As the AIAC enters the final phase of its recruitment exercise, we are pleased to extend a final opportunity for exceptional individuals to be considered for the position of Head of Finance. We invite accomplished professionals with proven expertise in financial leadership, strong strategic and operational capabilities, experience in alternative dispute resolution (ADR) environment, and an unwavering commitment to institutional excellence to submit their applications. This limited window reflects our advanced stage of evaluation and is intended to accommodate only those who believe they can contribute meaningfully to the AIAC's dynamic and globally respected team.

Who Are We

The Asian International Arbitration Centre (AIAC), formerly known as (KLRCA) was established in 1978 under the auspices of the Asian-African Legal Consultative Organization (AALCO) and pursuant to a Host Country Agreement with the Government of Malaysia. The AIAC is the first regional arbitration centre in Asia established by AALCO for the provision of institutional support in the conduct of domestic and international alternative dispute resolution (ADR) proceedings.

The AlAC, driven by unwavering commitment and motivation, remains at the forefront of innovation, actively championing and advancing ADR both within Malaysia and on a global scale. The AIAC is now looking for skilled and experienced Head of Finance.

The Head of Finance is responsible for leading the AIAC Finance Department in the overall strategic planning, implementation, managing and running of all financial-related activities of the Centre including budgeting, forecasting, risk and governance. The Head of Finance also plays a pivotal role in ensuring the efficient management of resources, compliance with financial regulations and alignment with institutional goals, besides ensuring the highest standards of integrity and efficiency. This role combines strategic leadership with hands-on financial management to support the institutional mission and enhance its financial sustainability. While spearheading the Finance Department, the Head of Finance reports to the Chief Executive Officer (CEO).

Scope of Responsibilities:

The Head of Finance is responsible for undertaking the following responsibilities:

• Develop and implement financial strategies to support the institution's growth and long-term sustainability;
• Provide expert financial advice to the CEO and the management of the AIAC;
• Drive budgeting, forecasting and financial planning processes in line with the AIAC's strategic objectives with proper tracking budget and accounting;
• Prepare monthly/quarterly/annual financial reporting, budgeting and forecasting
• Ensure compliance with accounting standards, tax regulations, audit requirements and statutory financial reporting obligations;
• Present accurate and timely financial statements and reports;
• Manage cash flow, liquidity, and investment strategies to ensure optimal financial performance;
• Supervise day-to-day financial operation of the AIAC including Accounts Payable, Accounts Receivable, Tax, Financial and Management Accounting functions, managing the cash flow and ensuring proper and appropriate treasury controls;
• Establish and maintain robust internal controls to safeguard the AIAC's finance and assets;
• Evaluate and optimize financial systems, tools, and processes for efficiency and accuracy;
• Support financial-related applications, and other revenue-generating initiatives.
• Liaise with internal departments to align financial strategies with operational needs;
• Lead and mentor the finance team, fostering a culture of excellence and continuous improvement; and
• Responsible to update all finance related policies and procedures.

Qualifications:

• Minimum of 6 years of progressive experience in finance, with leadership role;
• Bachelor's Degree / Masters in Finance, Accounting or related field. A Master's degree (MBA or equivalent) and/or professional certifications (e.g., CPA, ACCA, CIMA, CFA) is highly desirable.
• Excellent organisational, analytical, and strategic problem-solving skills;
• Proficiency in financial software and systems (e.g. accounting tools);
• Strong knowledge of financial reporting standards and regulatory requirements;
• Outstanding communication and interpersonal abilities;
• High level of integrity, transparency, and commitment to upholding ethical standards;
• Attentive to details, alert and capable of identifying business growth & cost saving opportunity as well as process improvement alternative;
• Strong understanding of latest accounting standard; and
• Strong reporting and organizational skills.

This job description serves as a broad outline of key responsibilities and qualifications and may evolve based on institutional needs.