An Assistant Manager, Accounts Payable job has become available at a company in automotive industry based in Petaling Jaya.

About the Assistant Manager, Accounts Payable Role:
As the Assistant Manager, Accounts Payable, you will mainly be involved in handling the accounts payable related matters for the automotive company based in Petaling Jaya.

Key Responsibilities:

• Ensure that accounting processes and journal entries are in accordance with relevant accounting principles, internal controls and group policy as applicable
• Ensure capitalisation of project costs into fixed assets accounts and close out those clearing accounts relating to projects once the related projects have been completed
• Ensure all journal entries are supported with relevant documents and no omission of journal entries posting to General Ledger
• Monitor and review accrual processes and amounts on a regular basis
• Monitor and control accounts payable ageing and levels. Liaise with all approved payables to maintain good relationship and ensure all invoices are paid within credit terms, if necessary
• Attend to urgent request from business units and resolve operational issues
• Flag out and propose solution to resolve accounting issue and to support impact analysis arising from changes in accounting standards
• Work with functional stakeholders to suggest modifications to processes and implement relevant system functionality within the finance operations function
• Work closely with the Northern and Perak Finance Operations team to ensure completeness of intercompany transactions accounted and to promote standardisation of general ledger process
• Review relevant schedules and reports for the compilation of additional financial information as required by the management
• Ensure timely and accurate payment to suppliers as per credit terms granted
• Meet deadlines set by management on month-end close and reporting
• Make necessary inquiries on unusual expenses or trends
• Review changes in the balance sheet, income statement items and reasonableness of vehicle Gross Profit Margin
• Conduct ageing analysis and review on clearing accounts prepared by Accounts Payable team as applicable
• Work with business units to ensure reconciling items and clearing accounts items are follow up and rectify on a timely basis
• Encourage and challenge existing team processes. Develop modernisation of finance skillsets. Digitise inefficiencies from existing processes
• Lead and operationalise implementation of new systems and processes. Remove and escalate progress roadblocks
• Propose new working methods and team structures to reduce timelines and to increase finance service level to business units or other operations function
• Hold individual one-on-one sessions with direct reports, team meetings with team on a regular basis
• Build a proactive culture, efficiency and high morale within the team
• Manage Accounts Payable team workload and assign priorities as needed
• Coach team members to address process gaps, identify inefficiencies and help to embed a continuous improvement culture in the organisation
• Provide mentoring, guidance and feedback to team members to support long term career development and retention of key talent
• Cultivate high performers, manage low performers and implement succession planning for the team
• Remove impediments to achieving a strong team culture
• Maintain strong compliance of control procedures; i.e. LOA in carrying out daily tasks
• Ensure control amount in general ledger accurately tied to sub ledger, to achieve zero balance variance
• Ensure timely checking of:
• Intercompany billings and reconciliation
• Bank reconciliations
• Trade payables reconciliation
• Clearing accounts
• Ensure reconciliation and clearing accounts items are cleared on timely basis; i.e. within reasonable ageing bucket
• Ensure SOP is update on timely basis to ensure they stay relevant
• Ensure timely preparation of the audit and tax schedules and its associated submissions
• Manage internal and external auditors requests
• Review sales and service tax returns and ensure payments are timely
• Ensure all submission to relevant authorities adhere to regulation. This may include submission of unidentified deposits to Jabatan Akauntan Negara (Unclaimed Monies Act) and other ad hoc reporting requirements
• Identify and rectify any other audit topics as necessary

To succeed in this Assistant Manager, Accounts Payable role, you must be a good team player who is highly motivated, proactive, creative, and able to coach the team to reflect these behaviours.

Key Requirements:

• Diploma/Degree (any level), preferably in accounting
• Six or more years of finance experience in a progressively growing capacity, with three or more years direct leadership experience
• Track record in growing a team and implementing transformation
• Strong internal controls background, industry knowledge of best practice for finance operations. Technically competent in accounting standards
• Demonstrated professional experience is considered in lieu of the above formal qualifications
• Strong command of written and verbal English
• Ability to shape team culture, delegate effectively and empower staff
• Ability to learn and adapt to new technologies
• Influential in decision making and communication
• Able to drive change in an organised, firm manner
• Good time-management skills and able to manage task in a systematic manner
• Process-driven, yet pragmatic and commercial. Not policy bound
• Critical thinker

This leading company has an outstanding reputation and needs no introduction. They are one of the leaders in the automotive industry with a strong presence in the market. The firm is also very focused on developing and training their people to the highest standards.

If you possess great interpersonal and communication skills to handle challenging discussion with diplomacy and logic, this is the role for you to accelerate your career. Great career progression opportunities await the right person in this exciting Assistant Manager, Accounts Payable role based in Petaling Jaya.

Apply today or contact me to discuss this exciting opportunity.

Do note that we will only be in touch if your application is shortlisted.

Agensi Pekerjaan Robert Walters Sdn Bhd
Business Registration Number : 729828-T
Licence Number : JTKSM 423C