Group Accountant

A leading organisation in the food manufacturing sector is seeking a talented Group Accountant to join their finance team based in Penang. This is an exceptional opportunity for you to play a pivotal role in consolidating financial data across multiple countries, ensuring compliance with international accounting standards, and supporting the growth of a dynamic business with regional reach.

The position offers exposure to complex group structures, multi-currency operations, and the chance to collaborate closely with both local and international teams. You will benefit from a supportive environment that values professional development, encourages knowledge sharing, and provides opportunities to contribute to process improvements. If you are looking for a role where your expertise in consolidation, costing, and strategic accounting will be highly valued—and where you can make a real impact on business performance—this could be the perfect next step in your career.

• Play a key role in consolidating financial results for headquarters and subsidiaries across several countries, ensuring accuracy and compliance with IFRS/MFRS standards while working alongside experienced finance professionals.
• Gain hands-on experience managing full sets of accounts for both headquarters and selected subsidiaries, including general ledger, accounts receivable/payable, fixed assets, and cash management within a collaborative team environment.
• Contribute directly to business success by providing insights through budgeting, forecasting, variance analysis, and cost control initiatives—while enjoying opportunities for ongoing learning and professional growth.

What you'll do:

As a Group Accountant based in Penang, you will be entrusted with responsibilities that span across financial consolidation for multiple entities operating internationally. Your day-to-day work will involve preparing consolidated statements that reflect true business performance while adhering strictly to global accounting standards. You will manage comprehensive accounting functions for both headquarters and select subsidiaries—ensuring seamless month-end closings—and act as a vital link between regional teams to maintain policy alignment. Your analytical skills will be put to use in costing exercises where you’ll partner with operations teams to drive efficiency improvements. In addition to monitoring budgets versus actuals and leading forecasting cycles, you’ll also tackle advanced accounting challenges such as acquisition impacts or restructuring events. Success in this role means not only delivering reliable financial reports but also nurturing strong relationships across finance teams regionally—helping them grow through your guidance while contributing valuable insights that shape strategic decisions.

• Consolidate financial data from headquarters and subsidiaries located in various countries, ensuring all information is accurate, complete, and compliant with relevant international accounting standards such as IFRS and MFRS.
• Prepare detailed monthly and annual consolidated financial statements by performing necessary adjustments including intercompany eliminations, foreign exchange translations, and non-controlling interests.
• Manage the full set of accounts for headquarters as well as selected subsidiaries covering general ledger, accounts receivable, accounts payable, fixed assets, and cash flow processes.
• Oversee the accounting activities of regional or subsidiary teams by coordinating efforts to ensure alignment with group policies and timely reporting deadlines.
• Review submissions from subsidiaries for accuracy and consistency while providing support, guidance, and training to local finance teams when required.
• Maintain and enhance standard costing models for materials, labour, and overheads; analyse actual versus standard costs; investigate variances; and collaborate with production teams to ensure precise cost allocations.
• Monitor actual financial performance against budgets and forecasts by analysing variances and offering actionable recommendations or corrective measures as needed.
• Lead the budgeting process for the group including financial forecasting and credit control activities to support effective decision-making at all levels of the organisation.
• Prepare complex accounting entries related to goodwill, purchase price allocation, fair value adjustments; handle acquisition accounting; manage disposals; address group restructuring impacts; and keep group accounting policies up-to-date.
• Review all intercompany transactions and balances thoroughly to ensure proper elimination during consolidation while maintaining clear records for audit purposes.

What you bring:

To excel as a Group Accountant in this organisation’s finance department, you will bring not only robust academic credentials but also substantial practical experience gained from similar roles within multinational settings. Your background should include deep familiarity with international reporting frameworks like IFRS/MFRS along with direct involvement in preparing consolidated statements for diverse entities. You will have demonstrated proficiency managing end-to-end accounting cycles—including everything from general ledger maintenance through cash management—for both central offices and overseas branches. Experience navigating multi-currency environments is essential given the company’s regional footprint. Ideally you have worked within manufacturing sectors before so you understand how costing models operate at scale; this enables you to add value when collaborating on process improvements or cost-saving initiatives. Your proven track record in budgeting/forecasting equips you to offer meaningful insights into business performance trends. Above all else your ability to communicate clearly—whether reviewing subsidiary submissions or guiding junior colleagues—will help foster an inclusive culture built on trust and shared success.

• Bachelor’s Degree in Accounting, Finance or a related field is essential for this position as it forms the foundation of your technical expertise.
• Professional accounting qualification such as ACCA, CPA, CA or CIMA is required to demonstrate your commitment to high standards of practice.
• Proven knowledge or certification in IFRS/MFRS or significant experience applying international accounting standards is crucial for handling complex consolidations.
• At least 5-7 years of relevant experience in financial accounting and reporting is expected—with a minimum of 3 years specifically focused on consolidation or group reporting roles within large organisations.
• Hands-on experience managing full sets of accounts (including general ledger, accounts receivable/payable, fixed assets management, cash) for both headquarters and subsidiaries is necessary.
• Exposure to regional or international subsidiaries operating with multiple currencies will enable you to navigate cross-border complexities effectively.
• Experience working within manufacturing environments—particularly involving costing models or inventory analysis—is considered a strong advantage due to the nature of the business.
• Demonstrated ability in budgeting processes, financial forecasting techniques, variance analysis methodologies as well as credit control procedures is highly valued.
• Excellent interpersonal skills are important so you can provide support and training to local finance teams while fostering collaboration across regions.
• A detail-oriented approach combined with strong analytical thinking ensures accuracy in reconciliations of intercompany transactions during consolidation.

What sets this company apart:

This organisation stands out as an established leader within its industry thanks to its commitment towards operational excellence across every facet of its business—from sourcing quality ingredients through delivering finished products globally. Employees enjoy being part of an inclusive workplace where teamwork is celebrated; knowledge sharing is encouraged; and personal development is supported through access to training resources tailored towards individual growth goals. The company’s regional presence means staff gain exposure working alongside colleagues from different backgrounds—broadening perspectives while building lasting professional networks. With a focus on continuous improvement both operationally and financially employees are empowered not just to meet targets but also suggest new ways forward—making it an ideal environment if you value having your voice heard alongside making tangible contributions towards collective achievements. Flexible working opportunities are available where possible so that staff can balance professional ambitions with personal commitments—a testament to the company’s understanding that people perform best when they feel supported holistically.

What's next:

If you are ready to take your career further by joining a respected organisation where your expertise will truly matter—this Group Accountant opportunity awaits your application!

Apply today by clicking on the link provided—you could soon be making a difference at one of Penang’s most respected employers.

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