Senior Finance Accounting Manager
Job Summary
The Senior Finance & Accounting Manager leads finance and accounting functions for project-based and after-sales operations within a Japanese multinational corporation. The role oversees end-to-end accounting, multi-currency financial management, FX hedging, and financial governance. It partners closely with project teams and Japanese Headquarters to ensure compliance with IFRS/J-GAAP and long-term profitability.
Responsibilities
- Manage project and after-sales accounting
- Oversee FX hedging and treasury operations
- Ensure financial compliance and reporting (IFRS/J-GAAP)
- Lead financial planning and business partnering
- Drive continuous process improvement
Required Skills
- Project accounting & long-term contracts
- FX hedging and treasury management
- Multi-currency consolidation
- Japanese MNC reporting standards
- Leadership & stakeholder management
Job Details
Key Responsibilities:
1. Financial Management & Business Partnering
- Act as a strategic finance business partner to Project Management and After-Sales teams.
- Support pricing, cost control, margin analysis, and financial feasibility for long-term projects and service contracts.
- Monitor financial performance by project, contract, and service segment.
- Provide management with accurate financial analysis, forecasts, and variance explanations.
2. Project & After-Sales Accounting
- Oversee accounting for project-based revenue, including Percentage of Completion (POC) / milestone-based revenue recognition, contract assets and liabilities, and project profitability analysis.
- Manage after-sales revenue streams, including maintenance contracts, spare parts, warranties, and service agreements.
- Ensure proper matching of cost, revenue, provisions, retention, and warranty accruals.
3. Hedging & Foreign Exchange Risk Management
- Identify and manage FX exposures arising from overseas suppliers, customers, long-term contracts, and intercompany transactions.
- Develop and execute FX hedging strategies (forwards, swaps, options) aligned with HQ treasury policies.
- Monitor hedge effectiveness and ensure correct accounting treatment in line with applicable standards.
4. Multi-Currency Accounting & Treasury
- Oversee accounting operations across multiple currencies, ensuring proper FX revaluation, translation, and consolidation reporting.
- Manage daily cash flow, bank balances, and intercompany funding arrangements.
- Support cash forecasting for long project cycles and service contracts.
5. Accounting Operations
- Lead daily accounting operations, including journal entries, billing, and reconciliations.
- Manage monthly and annual closing, ensuring timely and accurate reporting.
- Review balance sheet integrity, P&L accuracy, and cash flow statements.
6. Financial Reporting & Compliance
- Prepare management reports for local management and Japanese HQ.
- Ensure compliance with IFRS / J GAAP / local statutory GAAP.
- Coordinate statutory audits, tax filings, internal audits, and transfer pricing documentation.
7. Internal Controls & Governance
- Maintain strong internal controls aligned with Japanese MNC governance standards.
- Drive Kaizen-style continuous improvement in finance processes and systems.
- Develop and document SOPs, accounting policies, and internal guidelines.
8. Leadership & Stakeholder Management
- Lead, coach, and develop the finance and accounting team.
- Foster cross-functional collaboration with Project, Service, Procurement, and Operations.
Qualifications:
- Bachelor's degree in accounting or finance (Master's preferred).
- Professional qualification (CPA, ACCA, CA) preferred.
- 8–12+ years of progressive finance and accounting experience.
- Experience in project accounting, FX hedging, and treasury management.
- Background in Japanese MNCs preferred.