Finance Controller

Education

1. Must possess a Bachelors degree or equivalent from a qualified and accredited university/college and must be qualified in Accounting.

Experience

1. Previous experience of 5 years in a similar environment

2. Experience in a manufacturing company with machining capabilities desired.

3. Must have excellent supervisory and leadership skills and the ability to motivate the team concept in the Accounting Department.

Core Competencies

1. Practical - Demonstrates common sense.

Skills

1. Excellent communication skills, written and oral (in Chinese and English). 

2. Ability to present financial information to the G.M. and senior management as well as staff at the Suzhou location. 

3. Understanding of automated Finance Reporting Systems.

4. Pro-active in approach to issues.

5. Able to work independently and to solve problems with minimal assistance.

Business Understanding

1. Able to work in a team environment and contribute to company goals. Culturally sensitive to Chinese practices.

Accounting and Reporting

1. Maintains records of all financial transactions, so classified as to enable a ready and accurate determination of the company’s assets, liabilities, income, costs and expenses.

2. Supervises issuance of disbursements and maintenance of underlying records to substantiate all disbursements, including payroll rates and time and attendance records.

3. Maintains the official accountability and valuation records for fixed assets (land, building, and plant equipment).

4. Receives, deposits, and follows-up on accounts receivable.

5. Determines the financial responsibility of prospective customers, vendors, and subcontractors.

6. Supervises maintenance of perpetual inventory and reconciliation to physical each month.

7. Manages currency exposure and cash position of facility.

8. Advise management on insurance coverage for protection against losses.

9. Prepares financial statements, cost reports, budget reports, contract status reports, and other financial and statistical reports for the General Manager, and the Corporate office in order to analyze and make decision.

10. Receives, audits, records and pays vendor invoices and other sister company’s obligations.  Reports monthly sales and uses tax reports, bank reconciliations.

11. Prepares reports and handles proceedings for statutory reporting under all applicable laws (to include Chinese law and parent company requirements).

12. Prepares monthly management letters and analysis of operations.

13. Prepares and file statutory tax reports and payments.

Planning  

1. Forecasts overhead expenses and rates, and negotiates or assists in negotiating overhead rates with customers.

2. Prepares cash forecasts to determine future financial requirements, arranges with Corporate office for loans as required, and exercises control necessary to assure adequate working capital for the company’s operations.

3. Prepares the annual budget and quarterly revisions.

Cost and Analysis

1. Pricing of physical inventories including material, labor, and applicable overheads.

2. Analyzes all variances including but not limited to labor, material, overheads, scrap, etc.

3. Prepares and negotiates the settlement of termination and cancellation claims against customers.

4. Negotiates and settles termination and cancellation claims from vendors and subcontractors.

ERP

1.  Coordinate with IT to implement ERP’s finance module. 

Policy

1. Formulates financial and accounting policies consistent with the company’s Policies and Procedures and approves all accounting or other operating procedures affecting the financial aspects of the company’s operations;

2. Examines adherence to established policies and procedures, and determines that such procedures provide sound internal control for the conservation of the company’s resources and the accuracy of its financial records;

3. Recommend and implement improvement to existing policies.

Personnel management

1. Evaluate whole department personnel, as well as performance, capabilities and competency;

2. Recruit new personnel for business needs;

3. Recommend and offer effective training; provide professional development opportunities;

4. Establish programs to get and motivate people to exert their maximum levels of productivity and creativity.