Financial Accountant
- Recruiter
- Steelcase Manufacturing (Malaysia) Sdn Bhd
- Location
- Puchong, MY
- Salary
- Competitive salary
- Posted
- 08 Aug 2022
- Closes
- 06 Sep 2022
- Ref
- 5060375
- Job role
- Accountant, Financial accountant
- Sector
- Accounting - Public practice
- Experience level
- Qualified accountant
Responsible in monitoring all financial data and prepare accurate statements, budgeting, managing tax payments and performing internal audits for a Manufacturing Company . Act as a consultant for senior managers, conducting cost and revenues analyses. Ensuring all accounting transactions comply with all applicable law.
Responsibilities:
Month end closing Routine
Complete monthly "Asia Plant PnL" Workbook for APAC business unit with full commentary for Finance Manager and Regional Finance Manager review
- Review month end Cost Center Report
- Prepare Sales analysis by customer, by country, by product line and category
- Prepare Standard Material Cost analysis
- Prepare Material Variance analysis for PPV (Price Variance)
- Prepare Scrap Analysis, track % scrap cost over Direct Material
- Prepare monthly Freight cost analysis
- Reconciliation and posting monthly Payroll journal
- Review MRO posting, GIT posting, FX Revaluation, post Interco margin and Cap Variance
Monthly Forecast & Rolling Forecast
Preparation of Backlog Sales Report analysis to forecast sales by month and by quarter.
- Preparation of forecast sales by product line
- Preparation of forecast standard material cost by product line
- Preparation of material variance for Inventory Revaluation, Freight, PPV, Scrap, Stock Gain & Loss
- Preparation of Labor and OH cost forecast by month and by nature
- Preparation Rolling PnL Forecast for full year (By Legal Entity View)
- Preparation Rolling PnL Forecast for full year (By APAC View)
- Prepare and disseminate Cost Center Report to HOD for review (Actual vs Plan)
Quarterly Reporting
Preparation of monthly Inventory Provision for Slow Move, analyses movement and make quarterly posting and Run Quarterly revaluation for all materials based on month end exchange rate, analysis revaluation gains and loss by reason, by product line. Amortize quarter revaluation gain/loss over 3 months. Finally Review quarter report and schedules to SC International in timely manner using Wdesk.
Weekly Reporting
Weekly KPI reporting (Every EOB Wednesday), Weekly Overtime reporting (Every Thursday), and Weekly Costing Update and Revaluation of material cost (Every Monday) for new material and material with significant cost /UOM changes.
Daily Task
Approve all NIP PR, verify material group, and cost center, Approving expedite payment for urgent payment, Review MAR for project and assets disposal & approve, Check and post Inventory PID in and PID out , review Gain & Loss account and Update List Price in PSO for all replacements
Budget and Planning
Preparation of 3-year budget for Finance Manager Review, Preparation of PnL Walk for Finance Manager Review (by legal view, by APAC view, by USEMEA view) and Activity rate planning.
Audit Taxation
Preparation audit Interco movement and confirmation, audit reconciliation and disclosure schedules, to ensure timely filing of statutory accounts and annual return, Preparation of Legal Entity Tax Payable Estimates, submit ETP revision to IRB (March, June, and Oct revision), Liaison with tax agent, ensure proper yearend tax computation and disclosure, and Review SST bi-monthly submission and send off return and ensure payment on time
Balance Sheets Schedules
Review Balance Sheet schedules and Audit schedules to ensure accuracy and compliance, initiate actions to stakeholders to clear items that are long overdue, Review tax schedules to ensure accuracy of accounting posting for allowable expenses.
Cash flow reporting
Submission of sales forecast to Steelcase Treasury Department for FX Hedging Contract review for cashflow preparation and Fixed Deposit Review.
Costing
CU 50 and updating of Standard material cost
Statistic
Review Bank Negara, Statistic department & other statutory body reporting.
Project
Initiate report automation in SAP, Python, Tableau
SAP Merge project - key user for finance
Others :
Support MIITI application, Insurance renewal and review, Coordinate all cross charge, Debit Notes and supporting documents.
Skill & Competencies
- REPORT GENERATION AND DECISION MAKING
- ANALYTICAL
- ASSERTIVENESS
- COMMUNICATION
- PLANNING AND ORGANIZING
- RELATIONSHIP MANAGEMENT
- TIME MANAGEMENT
- SAP System and Supports
Education & Experience
Professional Accountancy such as CIMA, ACCA or College education in Chartered Accountancy or University grade with Bachelor of Accounting. 5 - 8 years of experience in Manufacturing Industry. Preferably with experience using SAP