Head of Accounts and Finance

We are a Furniture retail group seeking a Head of Accounts and Finance, which is a senior leadership role responsible for overseeing the full spectrum of financial management for a furniture retail group comprising a holding company and five subsidiaries (approximately RM100m in annual turnover). This role ensures effective group financial management, including consolidated reporting, budgeting and forecasting, cash flow management, compliance, and risk management. The Head of Accounts and Finance will lead the finance department (including the General Ledger Manager and Accounts Payable / Accounts Receivable teams) to maintain strong internal controls and high accuracy in all financial processes. Additionally, this position oversees the integration and effective use of the company’s ERP system (covering Point-of-Sale, Warehouse Management System, and Accounting modules) and collaborates closely with the Internal Audit team to strengthen governance. The Head of Finance serves as a key advisor to the CEO and Board, providing strategic financial insights while managing day-to-day finance operations to support the company’s growth and stability.

Key Responsibilities

• Financial Management & Reporting : Oversee all financial operations and accounting functions of the group, ensuring timely and accurate preparation of monthly, quarterly, and annual consolidated financial statements. Review and analyze financial results, providing insights and reports to the CEO and Board of Directors for informed decision‑making.
• Inventory Financial Management : Oversee financial integrity of inventory across all subsidiaries : costing, valuation, stock movement tracking, and reconciliation with WMS and ERP. Monitor and report inventory turnover, stock aging, and stock obsolescence provisions. Lead monthly and annual stock count financial reconciliations with warehouse and internal audit teams. Establish and enforce policies on inventory write‑offs, discounts, and provisions for slow‑moving stock.
• Cash Flow & Treasury : Manage group cash flow and liquidity to ensure sufficient working capital for operational needs and future investments. Oversee treasury functions such as banking relationships, loan facilities, and optimal allocation of cash resources; implement strategies to optimize working capital and cash management.
• Compliance & Risk Management : Ensure compliance with all financial regulations, accounting standards, and tax requirements across the group. Implement and enforce robust internal controls and financial policies to safeguard assets and maintain the integrity of financial data. Proactively identify financial and operational risks, and develop mitigation plans to manage those risks effectively.
• ERP System Oversight : Oversee the integration and effective utilization of the company’s ERP system, which includes Point‑of‑Sale (POS) systems, Warehouse Management Systems (WMS), and accounting software. Work closely with IT and operations teams to ensure seamless data flow between systems, resolve any integration issues, and leverage the ERP to improve efficiency in financial reporting and inventory management.
• Internal Controls & Audit : Establish and continuously improve internal control procedures within all finance‑related processes (GL, AP, AR, inventory, etc.). Collaborate with the Internal Audit team to regularly review control effectiveness, address any audit findings or control gaps, and strengthen overall corporate governance. Ensure readiness for external audits and regulatory inspections, and lead the coordination of annual financial audits with external auditors.
• Team Leadership & Development : Lead and mentor the finance department staff, including the General Ledger Manager, Accounts Payable team, and Accounts Receivable team. Set clear objectives and performance expectations, provide coaching and professional development opportunities, and foster a culture of accuracy, accountability, and continuous improvement within the finance team.
• Strategic Planning & Advisory : Act as a key business partner to the CEO and executive team by providing financial insights and strategic recommendations. Participate in strategic planning initiatives, evaluating the financial impact of potential investments, expansion plans, or new business opportunities. Prepare presentations and reports for Board meetings, clearly communicating the financial performance, forecasts, and key financial metrics of the group.
• Stakeholder Engagement : Liaise with external stakeholders such as auditors, banks, tax authorities, and regulatory bodies. Manage relationships with banks and financial institutions for financing, ensure timely compliance with tax filings and other statutory requirements, and represent the company’s financial interests in discussions with partners and suppliers when needed.

Required Skills and Experience

Qualifications

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