A Good Opportunity for ..
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.