Regional Senior Manager, Finance

As a key member of OBU finance, you will lead a team and oversee the financial activities of the Company, including financial reporting, taxation, cash flow management, audit, budgeting and forecasting, cost management and ensuring compliance with financial regulations for both Malaysia & Thailand.

Reporting to the Group Head of Finance / Group Financial Controller, you will play an important role in the leadership of the Finance Function of Malaysia and Thailand, ensuring the Company's financial stability, compliance and strategic financial planning. This position requires a combination of technical expertise and leadership skills to contribute to the Company's financial success and sustainability.

Responsibilities

Strategic Business Partnering

· Collaborate closely with Director, MY & TH and Plant Heads / Plant Managers in both regions to analyze business performance, product profitability and cost structure.

· Provide financial modeling and analysis to support key strategic decisions, including pricing strategies, new market entries and etc.

· Challenge the status quo by identifying operational efficiencies, cost-saving opportunities and revenue enhancement initiatives.

Financial 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 analyze 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 in simulation work and other ad-hoc duties where appropriate.

Product Margin Analysis & Standard Costing

· Prepare and provide monthly costing reports and margin analysis, work closely with operations to maintain the accuracy of standard product costing, analysis on product cost and margin, highlight the key areas to be improved to operation and sales team to achieve better margin.

· Ensure compliance with Group costing policy.

· Standard cost rollup and evaluation to ensure accuracy in costing.

Taxation

· Liaise with tax agent for annual tax submission, tax estimation, utilization of tax incentives etc.

· Optimization of tax

· Maintain transfer pricing documentation

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

· Optimize 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

Budgeting & Forecasting

· Collaborate with department heads to develop departmental budgets and forecasts

· Monitor budgets, expenditures, and costs, providing variance analysis and recommending corrective actions as necessary

· Work closely with department heads to track and control expenses within budgetary limits

· Analyze financial data and trends to provide insights and recommendations to the senior management team

· Contribute to the development of cost-saving strategies

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 15 years experience in accounting in the manufacturing sector, with at least 8 years in managerial capacity

· Strong cost accounting knowledge and several years of working closely with the operations team in a factory are essential

· Strong command of the English language

· High proficiency in Excel and PowerPoint for data analysis and presentations

· Able to lead the finance team and work with other departments to implement applications and/or improve processes.

· Proven expertise in financial planning, analysis, and budgeting processes.

· Excellent problem-solving and decision-making skills with a strategic mindset

Qualification

· Bachelor's degree in Finance, Accounting, or related field

Competencies

Technical

· Accounting (IFRS)

· Internal Controls

· Manufacturing Costing

· Management Reporting, Analysis, Budgeting

· Governance

· Taxation

Non-Technical

· Organized, good eye for details and error-free work

· Positive attitude, fast learning, adaptable and strong initiative

· Performance and results driven

· Analytical and solution focused

· Customer and stakeholder oriented

· Agile and innovative

· Resourcefulness and cost conscious

· Developing self and others

· Governance and ethics

Leadership

· Mentoring and retaining high-performing teams.

· Cultural Agility

· Change agent

· Ethical Leadership

· Excellent influencing skill