Key Responsibilities 1. Financial Accounting & Reporting Maintain accurate and up-to-date financial records. Prepare monthly, quarterly, and annual financial statements for management review. Reconcile general ledger accounts and ensure proper classification of transactions. 2. Accounts Payable & Receivable Oversee billing, collections, and payments to suppliers. Monitor and manage customer credit limits and outstanding balances. Review and approve purchase orders and payment vouchers. 3. Budgeting & Cost Control Assist in preparing annual budgets and forecasts. Support cost analysis for production, logistics, and other business operations. 4. Cash Flow Management Monitor cash flow to ensure sufficient liquidity for operations. Manage bank transactions, deposits, and reconciliations. 5. Team Supervision & Training Supervise junior accountants and provide guidance on accounting processes.
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.