Head of Accounting (Immediate Joiner)

About the Client

Our client is a renewable energy solutions provider in Malaysia, offering end-to-end solar power services from design and installation to remote monitoring and maintenance. They cater to residential, commercial, and industrial sectors, including large-scale solar farms, with flexible financing options like zero-CAPEX models.

Key Responsibilities:

1. General Ledger & Financial Reporting
   • Maintain and supervise the integrity of the general ledger and accounting system.
   • Manage consolidation and group reporting requirements.
   • Preparation of accurate monthly, quarterly and annual financial statements.
   • Ensure adherence to applicable accounting standards (ie: MFRS and others where the organization operates in the future.).
   • Maintain chart of accounts aligned with construction project structures.
2. Project Accounting & Cost Control
   • Set up and monitor job costing systems to track project-wise revenues and expenses.
   • Coordinate with project teams to monitor budget vs actuals and identify variances.
   • Verify proper allocation of overheads, labour, equipment and materials.
3. Accounts Payable (AP) & Receivable (AR) Management
   • Supervise AP processes: vendor management, invoice validation, retention tracking & etc.
   • Supervise AR processes: progress billing, milestone invoicing, and customer collections.
4. Fixed Assets & Inventory Accounting
   • Manage accounting for capital expenditures, asset capitilisation, depreciation & etc.
   • Track and reconcile inventory at project sites and warehouse. (ie: materials and tools.)
5. Statutory Compliance & Audit
   • Ensure compliance with local tax laws and other applicable regulations (ie: SST, E invoicing & etc.).
   • Lead internal and external audits; ensure timely submission of audit requirements.
   • Maintain updated accounting policies and procedures.
   • To undergo training and seminars for future new regulations and to train and lead the team for implementation.
6. Internal Controls and Process Improvement
   • Implement and monitor internal controls over financial transactions and reporting.
   • Review and improved accounting processes, documentation, and approval of workflows.
7. Cash Flow & Bank Management
   • Supervise daily cash position and review payment processing.
   • Review and approve bank reconciliations, signatory controls, and online banking systems.
   • Manage the issuance and/or renewal of bank facilities (LC, BGs, Forex and others)
   • Review daily, weekly, monthly treasury reports: bank balances, cash-flow forecasts and etc.
8. Systems & ERP Management
   • Oversee accounting modules in the ERP (MDynamics 365 & etc.)
   • Collaborate with the IT department ensuring accurate data entry, system integrity and timely updates.
   • To undergo training to train the accounting department on system usage and compliance.
9. Team Leadership & Development
   • Lead, coach and mentor of the accounting department.
   • Define KPIs, conduct performance reviews, and manage training/upskilling programs.
   • Promote a culture of accuracy, timeliness and accountability.
   • Promote healthy and active inter-departmental interactions, communications and collaborations.
10. And other ad-hoc required and related matters assigned.

Job Requirements:

• Minimum 5 years of experience in an accounting role.
• At least 2 years of experience as a manager or head of accounts.
• Experience in the construction or engineering sector.
• Bachelor’s Degree in Accounting/Finance.
• Certifications in the relevant field are an added advantage.
• Deep knowledge of MFRS.
• Understanding of revenue recognition, especially in construction contracts.
• Experience with job costing, WIP (work-in-progress), retention, billing schedules, and project-based accounting.
• Familiarity with construction-specific terms such as BOQ, BOM, variation orders, and contract progressive claims.
• Knowledge of tax and statutory compliance.
• Experience with accounting/ERP systems.
• Knowledge of internal control frameworks.
• Strong analytical and problem-solving skills.
• High attention to detail.
• Ability to supervise, mentor, and coordinate a team of accountants and clerks.
• Strong written and verbal communication skills for collaboration with internal and external teams.
• Capable of handling month-end/year-end closings, audits, and reporting deadlines without delays.
• Ability to drive automation, standardization, and efficiency in accounting processes.
• Able to work independently and lead teams with minimal supervision.
• NEED AN IMMEDIATE JOINER WHO WILL BE ABLE TO START WORKING FROM JULY 2025 ONWARDS.

Kindly contact Dharsh via WhatsApp at 012-9191780 or via email at dharshini.nelamagan@peoplelake.asia if you are keen to explore this opportunity.