Job Description

The Head of Finance / Finance Manager is responsible for leading and overseeing the financial operations of the organisation. This role ensures sound financial management, compliance with regulatory requirements, effective internal controls, and strategic financial planning to support the institution's overall growth and sustainability. The position provides leadership to the finance team, collaborates with senior management and other departments, and advises the CEO/Board on key financial decisions.

Key ResponsibilitiesLeadership & Strategic Financial Management

Lead, supervise, and mentor the finance team to ensure efficient and effective financial operations. Provide strategic financial advice to senior management and the Board to support decision-making. Develop financial strategies, policies, and procedures aligned with the institution's objectives. Oversee preparation of annual budgets, forecasts, and financial plans. Monitor financial performance, analyse variances, and recommend corrective actions.

Financial Operations Oversight

Ensure proper management and accuracy of all daily financial transactions, including payments, receipts, invoices, petty cash, and journal entries. Oversee student financial transactions including tuition fee collections, sponsorships, scholarships, loans, and financial assistance schemes. Ensure effective accounts payable and receivable management, vendor relations, and debt recovery.

Financial Reporting & Compliance

Ensure timely preparation and presentation of monthly, quarterly, and annual financial reports for management and the Board. Ensure compliance with statutory requirements (EPF, SOCSO, EIS, LHDN, SST, etc.) and local accounting standards. Liaise with regulators, government agencies, auditors, and tax agents on financial matters. Ensure adherence to institutional financial policies, SOPs, and internal controls.

Audit, Risk Management & Internal Control

Oversee annual external audits and ensure audit findings are resolved effectively. Implement and monitor strong internal control systems to safeguard assets and prevent fraud. Identify financial risks and propose mitigation strategies.

Cash Flow & Treasury Management

Oversee cash flow planning and management to ensure adequate liquidity. Review and approve monthly bank reconciliations and financial statements. Manage institutional reserves, trust funds, and investments in line with policies.

Procurement & Asset Management

Provide oversight on procurement processes and ensure compliance with policies. Approve major purchases and contracts in alignment with financial policies. Ensure accurate maintenance of the fixed asset register and safeguard institutional assets.

Continuous Improvement & Policy Development

Review, enhance, and implement financial systems, processes, and reporting tools. Ensure finance staff comply with internal policies and best practices. Promote a culture of financial accountability, transparency, and continuous improvement.
Job Types: Full-time, Permanent

Pay: RM1,700.00 - RM4,000.00 per month

Benefits:

Maternity leave Opportunities for promotion Professional development
Work Location: In person