Reported successfully

Core Purpose

• To lead the finance and accounting function for a medium-sized manufacturing factory, including:
• Structuring the finance department
• Developing and implementing SOPs and internal controls
• Managing a team of senior and junior accountants
• Delivering accurate monthly P&L, financial statements, and management reports
• Supporting strategic decision-making through cost analysis and budgeting

Key Responsibilities

1. Finance Department Setup & System Development

• Design and implement a complete finance and accounting system suitable for a medium-scale food factory (multiple production lines, batch costing, inventory layers).
• Write, document, and enforce SOPs for:
• Procurement and payment cycle
• Raw material receiving and inventory management
• Production costing and waste reporting
•  Sales and receivables
• Fixed assets and depreciation
• Cash and bank management
• Establish internal controls to prevent errors, fraud, and leakage.

2. Team Management & Leadership

Directly manage:

• Senior Accountant (GL, reporting, tax)
• Junior Accountant (AP, AR, data entry)
• Assign responsibilities, review work, conduct performance appraisals.
• Provide on-the-job training and career development for team members.
• Ensure smooth month-end closing within 5–7 working days.

3. Production Costing & Manufacturing Finance

• Calculate standard cost per unit (per kg / per pack ).
• Track actual vs. standard cost variance (raw material usage, labor, overhead).
• Monitor yield, wastage, and spoilage per batch and per production shift.
• Work with production manager to validate bill of materials (BOM) and routing.
• Prepare monthly cost of goods sold (COGS) statement accurately.

4. Monthly Financial Reporting (Accurate & Timely)

• Prepare and present to management:
• Profit & Loss Statement 
• Balance Sheet
• Cash Flow Statement (direct or indirect method)
• Variance analysis report (actual vs. budget)
• Prepare monthly management report with key financial KPIs (gross margin, operating margin, inventory turnover, etc.).
• Ensure all intercompany transactions (if any) and provisions are properly recorded.

5. Budgeting, Forecasting & Strategic Support

• Lead the annual budgeting process (sales, production, operating expenses, CAPEX).
• Prepare quarterly rolling forecasts.

6. Taxation & Compliance

• Ensure full compliance with:
• Myanmar Income Tax
• Commercial Tax
• Maintain proper documentation for tax audits.

7. Inventory & Asset Management

• Oversee monthly physical inventory count (raw materials, WIP, finished goods).
• Reconcile book vs. physical inventory and investigate discrepancies.
• Maintain fixed asset register (machinery, vehicles, equipment) and calculate depreciation.

8. Orientation Period – 3 Months in Myittha Factory

• Be based at the Myittha factory for the first 3 months.
• Learn production processes, cost drivers, and operational challenges.
• Assess current accounting practices and implement initial improvements.

9. Continued Work from Yangon or Mandalay (After 3 Months)

• Relocate to Yangon or Mandalay after orientation.
• Oversee accounting remotely using accounting software.
• Visit Myittha factory at least once or twice per month (scheduled and adjusted).
• Maintain strong communication with factory management.

Education & Professional Certification
•    CPA or ACCA (full or near completion) is highly desirable
•    Alternatively:  with significant manufacturing experience
•    Experience (Minimum 8–10 years, with at least 3 years in a managerial role)
•    Mandatory: Manufacturing factory experience (medium or large scale). Food manufacturing is a strong plus.
•    Proven experience managing a finance team of at least 3–5 people (senior and junior accountants).
•    Hands-on experience setting up or restructuring finance departments, including writing SOPs and implementing internal controls.
•    Track record of delivering accurate monthly P&L and financial statements within strict deadlines.
•    Strong experience in cost accounting (standard costing, variance analysis, COGS).
•    Experience with tax compliance and audit in Myanmar.
Technical Skills
•    Advanced Excel 
•    Proficient in accounting/ERP software 
•    Familiarity with cloud-based remote work systems (Zoom, Teams, cloud accounting).
•    Understanding of inventory valuation methods (FIFO, weighted average).
Leadership & Soft Skills
•    Strategic thinking – can see beyond daily entries to business impact.
•    Leadership – able to mentor junior staff and work with non-finance managers (production, sales).
•    High integrity – essential for a medium-sized company where trust is critical.
•    Detail-oriented but big-picture aware – catches errors but doesn’t get lost in them.
•    Strong communication – can explain financial results to non-finance management.
Other Requirements
•    Willing to live in Myittha for the first 3 months (housing provided or allowance given).
•    Willing to relocate to Yangon or Mandalay after 3 months and continue working ( as per employee wish)
•    Able to travel to Myittha monthly (or as needed) after relocation.