Job Description

The Accountant is responsible for preparing financial statements, ensuring compliance with MFRS and MAS, and maintaining accurate financial records. This includes managing general ledger reconciliation, tax filings (LHDN, GST/SST), and staying updated on tax regulations. The role also involves budgeting, financial forecasting, and providing analysis to support management decisions. Additionally, the accountant handles accounts payable and receivable, ensures timely payments and collections, coordinates audit, implements internal controls, and ensures compliance with statutory reporting. Cash flow management and other financial tasks assigned by management are also part of the responsibilities. 

1. Financial Reporting:
   • Prepare and manage accurate financial statements, including balance sheets, profit and loss accounts, and cash flow statements.
   • Ensure compliance with Malaysia’s Financial Reporting Standards (MFRS) and Malaysian Accounting Standards (MAS) in all financial reporting.
   • Prepare monthly, quarterly, and annual financial reports for management review.
     
2. General Ledger Maintenance:
   • Maintain and reconcile the general ledger accounts to ensure accuracy and completeness of financial records.
   • Process accounting entries related to income, expenses, assets, liabilities, and equity.
   • Ensure that all financial transactions are recorded accurately and timely.
   
3. Taxation:
   • Prepare and file tax returns in accordance with the Inland Revenue Board of Malaysia (LHDN) regulations.
   • Assist in the preparation of Goods and Services Tax (GST) or Sales and Services Tax (SST) returns, as applicable.
   • Stay updated with changes in tax regulations to ensure compliance with Malaysian tax laws.
   
4. Budgeting and Forecasting:
   • Assist in the preparation of annual budgets and financial forecasts.
   • Provide financial analysis and advice to management for decision-making purposes.
   • Monitor budget performance and implement corrective actions as necessary.
   
5. Accounts Payable and Receivable:
   • Manage accounts payable, ensuring timely payment to vendors and service providers.
   • Manage accounts receivable, ensuring proper billing, collection, and follow-up of outstanding payments.
   • Maintain accurate records of transactions and ensure reconciliation of accounts payable and receivable.
   
6. Audit and Internal Controls:
   • Coordinate with external auditors for the preparation and audit of financial statements.
   • Assist in ensuring internal controls are in place and adhered to for safeguarding company assets.
   • Perform internal audits and ensure that the company’s financial processes comply with policies and regulatory requirements.
   
7. Financial Analysis:
   • Analyse financial data to identify trends, variances, and opportunities for cost savings.
   • Provide financial insights and recommendations to senior management for improving profitability and financial performance.
   
8. Compliance and Regulatory Reporting:
   • Ensure compliance with local statutory requirements, such as the Companies Act 2016 and other relevant financial regulations in Malaysia.
   • Prepare and submit regulatory reports to the appropriate authorities, including the Securities Commission and Bank Negara Malaysia, where applicable.
   
9. Cash Flow Management:
   • Monitor cash flow and ensure that there are sufficient funds for the company’s operations.
   • Prepare cash flow projections and manage cash flow to meet the company’s financial obligations.
   
10. Other Ad-hoc Tasks:
    • Assist with financial projects and any other financial-related ad-hoc tasks as assigned by management. 

Job Requirements

• Bachelor’s degree in Accounting, Finance, or related field.  
• Professional certification such as Chartered Accountant (CA), ACCA (Association of Chartered Certified Accountants), or CPA (Certified Public Accountant) is preferred.  
• At least 5-7 years of experience in accounting or finance-related roles.  
• Strong knowledge of Malaysian Financial Reporting Standards (MFRS), Goods and Services Tax (GST), and SST (Sales and Services Tax) regulations.  
• Proficiency in accounting software such as SQL and ERP, as well as Microsoft Excel  

Skills