Purpose & Overview
The Senior Associate for Financial Reporting is responsible for ensuring the accurate preparation and review of financial reports, fixed asset management, and tax compliance. This role adheres to Malaysian Financial Reporting Standards (MFRS 16) and other statutory requirements while coordinating audit exercises to maintain financial integrity and operational efficiency.
Key Accountabilities
Financial Reporting and MFRS 16 Compliance
Prepare and review financial reports and management accounts (Balance Sheet, Profit and Loss, Statement of Equity) on a monthly, quarterly, and yearly basis.
Aggregate data from various departments and review entries for timely and accurate record of adjustments and transactions.
Ensure a clear and accurate view of the company’s financial position, performance, and cash flow.
Review and prepare MFRS 16 lease adjustments by monitoring lease payments and their financial implications to ensure compliance with MFRS 16 standards.
Fixed Asset & Bank Reconciliation Management
Manage fixed asset reporting, including accurate recording of acquisitions, depreciation, and disposals in the asset management system.
Ensure periodic audits and verification of asset valuations to ensure accurate representation of the company’s asset base.
Conduct bank reconciliation reports by comparing bank statements with the general ledger, identifying discrepancies, and ensuring accurate financial transactions.
Exceptional Reporting
Monitor and analyse financial data for inconsistencies or errors, identifying process inefficiencies or compliance issues.
Advise on corrective actions and collaborate with relevant stakeholders to resolve any errors or identified issues to ensure data accuracy.
Audit Coordination & Process Improvement
Coordinate the preparation and submission of audited financial statements, working closely with external auditors and ensuring timely resolution of queries.
Ensure continuous improvement in accounting processes, systems, procedures, and guidelines for financial efficiency.
Tax Compliance & Return Submission
Collaborate with tax consultants to prepare tax documentation and ensure accurate, timely submission to relevant authorities.
Proactively align tax reporting with current regulations and best practices, conducting internal reviews and adjusting tax strategies to ensure compliance and optimise tax positions.
Generic Accountabilities
Mindset, Behaviour, and Culture
Foster a work culture that values personal integrity and drives high performance.
Promote ethics, customer focus, and commitment while embracing core company values (e.g., Passion, Integrity, Leadership, Agility, Responsiveness).
Demonstrate a willingness to take on additional tasks as needed.
Capability Development
Drive self-development through training, seminars, and workshops to enhance skills and knowledge, promoting lifelong learning.
Operational Budget Management
Manage departmental budgets, continuously monitoring actual expenditure and taking corrective actions to ensure efficiency in operations.
Stakeholder Management
Foster strong relationships with internal stakeholders, government authorities, business institutions, industry players, and service providers to capture new business opportunities and stay updated on industry developments.
Leadership and Capability Development (VP & Above)
Guide and mentor a competent team to enhance capabilities and sustain high-performance delivery.
Support succession planning and talent development aligned with company vision and mission.
Qualifications & Relevant Experience
Educational Qualifications:
Degree in Finance, Management, Accounting, or related field.
Professional accounting qualification (e.g., ACCA, CIMA, MIA, MICPA, ICAEW) is an advantage.
Relevant Experience:
5–7 years of experience in Accounting or Financial Reporting.
Strong knowledge of Malaysian Financial Reporting Standards (MFRS).
Exposure to financial systems like Oracle, SAP SF, or related systems is an advantage.
Excellent analytical and problem-solving skills.
Attention to detail and accuracy.
Proficiency in financial software and MS Excel.
