Position:             Head of Accounting
 
Position Overview
The Head of Accounting will oversee and manage all accounting functions within the factory environment, ensuring financial accuracy, compliance, and efficient financial operations. This role involves managing day-to-day accounting, leading monthly and annual financial closings, preparing financial statements, and analyzing cost controls. The Head of Accounting is a strategic partner for factory management, contributing to financial planning and reporting to optimize costs and improve profitability.
Key Responsibilities

1. Financial Management & Reporting
   • Oversee all factory accounting operations, including billing, accounts payable, accounts receivable, inventory accounting, and cost accounting.
   • Ensure accuracy and compliance in all financial reporting, adhering to local and international accounting standards (e.g., IFRS, GAAP).
   • Manage the preparation of financial statements, balance sheets, income statements, and cash flow statements for monthly, quarterly, and annual reports.
   • Coordinate the annual financial closing process, including journal entries, reconciliations, and adjustments to ensure an accurate year-end close.
2. Budgeting & Cost Control
   • Develop, implement, and monitor budgets, providing insights into budget variances.
   • Analyze production costs and provide detailed reports to support management in cost optimization.
   • Monitor and control factory expenditures, proposing improvements for cost-effectiveness.
3. Inventory & Asset Management
   • Oversee inventory control processes, including physical counts and reconciliations.
   • Maintain accurate records of fixed assets and manage asset depreciation schedules.
4. Internal Controls & Compliance
   • Establish and maintain strong internal controls, processes, and policies for accurate financial reporting.
   • Ensure compliance with financial regulations, corporate policies, and statutory obligations.
   • Work closely with auditors during annual audits, preparing necessary documents and facilitating audit requests.
5. Financial Analysis & Strategy
   • Provide financial analysis and insights to support factory decision-making and long-term financial strategy.
   • Collaborate with cross-functional teams, including production and supply chain, to support business growth and profitability goals.
   • Prepare ad-hoc financial reports and analysis as required by management.

Qualifications

• Bachelor’s degree in accounting, Finance, or related field; CPA or CMA certification preferred.
• Proven experience in accounting, with 12 years-experienced and 5 in a managerial role in a manufacturing.
• Strong understanding of cost accounting, inventory management, and financial analysis.
• Proficiency with accounting software and ERP systems; experience with SAP is a plus.
• Annual Closing background is a must – he/she will be a main person to execute on this process.
• Strong leadership and team management skills, with the ability to communicate complex financial concepts to non-financial stakeholders.
• Detail-oriented, analytical, and strategic, with the ability to drive process improvements and implement best practices.