Senior Finance Accounting Manager
Job Summary
The Senior Finance & Accounting Manager will lead financial operations for project-based and after-sales services within a Japanese multinational environment. Key responsibilities include overseeing end-to-end accounting, managing multi-currency treasury and FX hedging, and ensuring compliance with IFRS/J-GAAP standards. The role serves as a strategic business partner to project teams and HQ, focusing on profitability, cash flow stability, and financial governance.
Responsibilities
- Manage end-to-end finance and accounting operations
- Lead project-based and after-sales accounting
- Oversee FX hedging and treasury management
- Ensure compliance with IFRS and J-GAAP standards
- Partner with Project teams for cost and margin analysis
Required Skills
- 8-12+ years of finance and accounting experience
- Expertise in project accounting and long-term contracts
- Proficiency in FX hedging and multi-currency treasury
- Knowledge of IFRS/J-GAAP reporting
- Strong leadership and communication skills
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 Cost capitalization 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, long-term project 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.
- Liaise with banks and corporate treasury for execution and reporting.
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 (Daily/Monthly/Annual Close)
- 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.
- Ensure completeness of accruals, provisions, deferred revenue, and reserves.
6. Financial Reporting & Compliance
- Prepare management reports for local management and Japanese HQ.
- Ensure compliance with IFRS / J GAAP / local statutory GAAP and corporate accounting policies.
- Coordinate statutory audits, tax filings, and internal audits.
- Support transfer pricing documentation and intercompany reconciliations.
7. Internal Controls, Governance & Continuous Improvement
- Maintain strong internal controls aligned with Japanese MNC governance standards.
- Drive Kaizen-style continuous improvement in finance processes, systems, and reporting quality.
- Develop and document SOPs, accounting policies, and internal guidelines.
- Support ERP implementation, enhancement, or system harmonization with HQ.
8. Leadership & Stakeholder Management
- Lead, coach, and develop the finance and accounting team.
- Foster cross-functional collaboration with Project, Service, Procurement, and Operations.
- Communicate effectively with Japanese HQ, regional finance, auditors, and external partners.
Qualifications & Experience
- Bachelor's degree in accounting or finance (Master's degree preferred).
- CPA, ACCA, CA, or equivalent professional qualification preferred.
- 8–12+ years of progressive finance and accounting experience.
- Strong background in project accounting and after-sales/service business.
- Hands-on experience in FX hedging and treasury management.
- Proven exposure to multi-currency and intercompany accounting.
- Experience working in a Japanese MNC or with Japanese HQ reporting is highly preferred.