The Finance Manager is responsible for leading the finance accounting, and project accounting function for a project-based construction/engineering business environment. The role ensures accurate financial reporting, robust project accounting (including revenue recognition), compliance with Malaysian statutory requirements, and strong financial governance across large-scale construction projects.
The role partners closely with Project Leaders, Commercial, and Operations teams to support project delivery, cost control, profitability management and strategic decision-making across EPC / construction projects.
Main Duties
Financial Reporting & Accounting
- Ensure accurate and timely month-end / quarter-end / year-end closing.
- Ensure accurate project revenue recognition (e.g., percentage of completion / IFRS 15-based accounting principles).
- Review project P&L, balance sheet, and margin analysis.
- Ensure compliance with Malaysian Financial Reporting Standards (MFRS) / IFRS and group accounting policies.
- Support project audits and resolve project accounting issues with auditors.
Financial Planning & Analysis (FP&A)
- Lead annual budgeting and rolling forecasts at project and business unit level.
- Track project budget vs actuals, committed cost vs incurred cost.
- Perform detailed variance analysis (cost overruns, margin erosion, productivity impacts).
- Provide insights on project profitability, cost-to-complete (CTC), risk provisions, and contingencies.
Cash Flow & Working Capital Management
- Manage project-level and company-wide cash flow forecasting and liquidity planning.
- Monitor progress billings and collections, accounts receivable aging (client payments), and accounts payable and subcontractor payments.
- Optimize working capital in a project cash cycle environment.
- Support banking guarantees (BGs), performance bonds, and financing needs.
- Identify and mitigate liquidity and credit risks.
Tax & Statutory Compliance
- Ensure compliance with Malaysian tax regulations, including corporate income tax, SST (Sales & Service Tax), withholding tax (WHT), and transfer pricing.
- Coordinate tax computations with external consultants.
- Ensure proper treatment of project-related tax exposures.
- Manage statutory audits and liaise with auditors and regulators.
Internal Controls & Governance
- Establish and maintain effective internal controls and financial policies.
- Ensure compliance with company policies and procedures.
- Support internal and external audits.
- Drive governance and continuous process improvements.
Business Partnering
- Partner with business leaders to support business objectives.
- Provide financial advice on business and operational matters.
- Review project profitability and cost performance.
- Present financial results and key risks to management.
Team Leadership
- Lead and develop the finance team to achieve high performance.
- Assign responsibilities and ensure effective workload management.
- Promote a culture of accountability and continuous improvement.
- Support talent development and succession planning.
Minimum Qualification
- Degree / Professional qualification in Accounting or Finance (ACCA / CPA / equivalent preferred).
- Minimum 8–12 years of relevant finance and accounting experience.
- At least 3–5 years in a managerial position.
- Experience in project-based Finance environments (highly preferred).
- Computer literate and experience in ERP system (SAP preferred).
- Exposure to MNC environment or regional reporting structure is an advantage.