Dongguan, Guangdong, China
Review and present financial results and findings to senior management through comprehensive analysis on a weekly and monthly basis. Being the right hand of the GM, and enhance finance functions as a driving force to constantly improve efficiency, lead necessary operational changes and tighten cost control. Responsible for ensuring compliance with all applicable laws, rules and regulations. Manage and prepare supporting documents for inventory cycle count and audit, tax return, annual audit and transfer pricing audit. Perform cash projections to effectively manage cash balances and maximize the return on any excess cash balance. Manage transfer pricing analysis among divisions with tax and cash considerations. Review of expenses incurred on behalf of the business such as professional services costs, accounting services analytical services etc. Prepare weekly and monthly moving forecast with insightful inputs and analysis from all departments. Prepare annual budget through coordination and discussion with all departments including sales, customer service, engineering, operations, sourcing and HR etc. Improve profitability analysis at different levels of business requirement, including by customers, by product, by project and by account. Review monthly accounting close process including analytical review on the monthly operating results to ensure accurate accounting records are maintained. Maintenance of fixed assets records, implement, document and maintain adequate and effective internal controls. Implement, document and maintain adequate and effective processes to improve the close and reporting cycles to ensure timely and accurate reporting. Supervise finance and accounting staffs (Guangzhou & Shanghai) to ensure accurate and timely production of all financial information. The day to day management of the entire Finance Team (Guangzhou & Shanghai).
Supervise the general accounting: AR, AP, cash management, assure accounting follows local GAAP and group accounting policies (IFRS). Follow up credit management for local sales (reporting to group credit management, request credit lines, manage dunning process) Responsible for the closing process of the local books of record and ensuring that schedules are met as determined. Ensure correct and all necessary provisions are taken and reviewed at month end. Oversee and ensure the integrity of financial reporting including tax and regulatory filings; ensure that accounting practices are in accordance with group policy as well as PRC financial reporting requirements. Responsible for inventory and fixed assets management (completeness and correctness) Coordinate all aspects of the budgeting process from preparation of the budget pack through review, analysis, acceptance, consolidation and validation. Drive continuous improvement of both financial and business processes. Identifying key commercial pressure points and areas for profit improvement. Take the lead on all professional relationships including those of our auditors, taxation advisors, lawyers and the local Tax Bureau. Drive the delivery of cost savings throughout the business. Responsible for developing appropriate KPIs to measure the company’s performance, work with team members to achieve the results, and communicate these results to senior management. The day to day management of the entire Finance Team.
Maintain plant financial records according to IFRS including adherence to monthly and year end closing schedules. Roll forward schedules/reconciliation of general ledger accounts. Become a business partner supporting GM and Corp Contoller in reaching profit targets. Prepare monthly forecasts in a timely manner. Maintain internal controls in accordance with Company policy. Prepare financial analysis as needed to support plant business objectives. Facilitate the annual operation plan (AOP) process. Prepare annual cost plan setting work center rates for inventory valuation and standard product cost. Coordinate physical inventories. Encourage cycle counts.
Supervise the accounting group to fulfill internal & external reporting requirements for both Chinese & UK GAAP. Provide timely and accurate financial consolidation, reporting and analysis to management and others as required and assist the business seeking for opportunities on cost improvements. Prepare for the annual budget, monthly rolling forecast and financial analysis. Manage the entity’s cash flow, liaise with bankers on funds/loan arrangements. Implement and review internal control systems to ensure the proper compliance of company policies and corporate governance, improve the effectiveness & efficiency of the operation processes. Liaise with the auditors, bankers, lawyers and all government authorities on all finance, legal and tax related matter. Perform other ad hoc projects as assigned.
Prepare all kinds of vouchers and data input. Handle A/R, A/P. Expense Reports, Fixed Assets and Depreciation, Bank Reconciliation, etc. Import/Export. Prepare All Monthly, Quarterly and Yearly Financial Management Report and Analyze It (B/S, P/L, DSO, DPO, Cash Flow, ect.). Prepare Monthly Department Expense and Variance analysis report. Prepare Yearly Budget Reports. (B/S, P/L, DSO, DPO, Cash Flow, ect.) New Material Price Confirmation and Standard Cost Calculation for New Products. Calculate all products’ cost and Provide detail cost variance analysis report for monthly result. Check and analyze the difference between the actual cost and standard cost. Control material usage, calculate and analyze the usage variance. Inventory checking periodically and inventory reports providing.