Assistant Manager, Finance Operations

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Finance & Accounting, Insurance | Selangor, Malaysia | RM108,000 per annum | 26 Apr 2019

Assistant Manager, Finance Operations

(19053_KC)

Specialisation: Finance & Accounting; Insurance

Email Karen

Location: Selangor, Malaysia
Salary: Up to MYR108,000 per annum
Type: Permanent
Posted On: 26th April 2019

Client Background & Role Summary:

Our client is a subsidiary of a global insurance organisation. They are a regional hub for the Insurance group’s shared services supporting the company’s insurance and finance operations across different businesses. They are looking for an Assistant Manager, Finance Operations

Key Responsibilities:

  • General Accounting:
    • Manage day-to-day general accounting financial operations including liaison with personnel from various department and business partner.
    • Ensure procedures adhered to and controls are documented accordingly.
    • Set objectives and define development plans for direct report in line with department objectives.
    • Ability to lead associate to ensure a smooth daily operation while improving existing processes.
    • Perform monthly financial close activities, ensure meeting SLA and deadlines.
    • Effectively assigns and delegate work, able to assess how Associates are able to improve performance, able to motivate and develop Associates.
    • Assist and supports in the change challenge initiative during transformation, anticipate problems and manage multiple deadlines.
    • Contribute to efficient and high quality finance operation function.
    • Day-to-day supervision of directs reports and workloads.
    • Team mentorship, leadership and motivation.
    • Assist Finance Operations Manager on other projects and matters as and when required.
  • Billing:
    • Monitor monthly billing to business partner according to group timeline.
    • Check and post AR invoice, DN/CN into SAP system by country and by cost center on monthly basis parked by Associate.
    • Brief Associate on new projects or requirement related to billing.
    • Provide feedback on business partner’s queries.
    • Monitor withholding tax document required by business partner for settlement purpose.
  • Interco (IC) Matching Report and Settlement:
    • Check and monitor IC Matching Report performed by Associate and perform any necessary action on any outstanding issue spotted.
    • Monitor ICT Settlement performed by Associate.
  • AR Aging:
    • Review monthly aging report.
    • Monitor AR credit control as per group policy, not more than 30 days settlement.
  • Bank:
    • Posting all bank charges parked by Associates.
    • Review bank reconciliation prepared by Associates.
  • Fixed Asset:
    • Review fixed asset created by associates.
    • Input asset no. created by associates in ARIBA and approve the PIR.
    • Support monthly depreciation run performed by associates should there be any issue.
  • Accruals and Prepayments:
    • Review monthly prepayment schedule, amortization and accruals entries.
  • Month-end closing:
    • Review and posting all reclassification/journal parked by Associate.
    • Run WBS settlement to cost center.
    • Perform reverse charge.
    • Perform FX Revaluation & translation.
    • Ensure completeness of all processes and month end closing.
    • Key contact person for assigned LBU.
  • Others:
    • Review Cash Flow forecast for AIA Reinsurance prepared by Associate.
    • Review and posting fund Transfer and Dividend payment entries prepared by Associate.
    • Perform UAT as and when required.

Requirements:

  • Bachelor’s Degree in Finance/Accountancy or equivalent.
  • Internationally Recognized Accounting Qualification (ACCA, etc.) will be an advantage.
  • At least 5 years’ experience in financial and accounting related field in an MNC environment.
  • At least 1 years supervisory and management experience in the above position.
  • Experience in a shared services or similar environment providing financial operations services to external/internal stakeholders.
  • Good knowledge of accounting standards and principles.
  • Good knowledge of proper control environments.
  • Good knowledge of how the SAP Accounting System and Business Intelligence System work and designed, and familiar with using the systems.
  • Good knowledge in Microsoft Excel, Power Point and Word.

If you are interested, kindly email your updated resume to Karen at karen.chan@mindmerge.com.my or click “Apply Now”. Regretfully, only shortlisted candidates will be contacted. Thank you!