Thailand Finance Manager

Department:  Finance
Date:  Mar 14, 2023

About the Role

This role has a significant impact on the Thailand income statement, the risk level is material if financial forecasts are not reliable and accurate. Cash flow forecasting is a key task in order to ensure decisions made on cash in/ outflows are made with FMC interests in mind. This role will lead the Thailand Finance function, providing financial forecasts, budgets and long-range plans whilst supporting business decision making. This role is a member of the local leadership team and S&OP, responsible for decisions made together with the leadership team. Together with the leadership team, this role is a key focus point for driving financial compliance.


Job Responsibilities


Financial Forecasts

  • Partner with Commercial team to provide financial forecasts for the current financial year. This comprises monthly forecasts at product level, ensuring relevant reporting is available as required
  • Drive budgeting process, work with business to ensure all aspects are considered, provide sound challenge
  • Participate on long-range planning ensuring pricing actions are considered with the best possible information at hand, and costing aspects are accounted for according to the feedback from procurement
  • Focus on pricing initiatives and provide financial analysis to support any pricing decisions. Ensure analysis conducted by business are based on correct numbers and assumptions
  • Provide insights on business analysis and profit protection via well-developed risks and opportunities approach
  • Ensure deals are done with reasonable financial acumen and understanding
  • Ensure products are correctly costed and priced, provide required support to Supply Chain team
  • Provide required training for the non-finance staff to improve overall understanding of the financials
  • Developing the sales incentives program and manage payouts as required
  • Ensure rebates are correctly accrued, payments made on time to customers, and management has accurate reporting to enable analysis by customer
  • Work closely with plant accountants in preparation of annual product costs and plant expenditures [Capex, Opex]
  • Liaise closely with plant accountants to provide monthly analysis for all variances vs budget
  • Customer cash collections are maximized, and overdues are minimal


Financial compliance, Company secretarial matters 

  • Ensure all financial compliance matters addressed and required materials are provided to internal or external auditors
  • Ensure right level of training is proved to the organization to educate all requirements in financial compliance
  • Empower function to be able to drive financial compliance in their areas of responsibility
  • Compile and analyze SIP and bonus payouts across all ASEAN countries
  • Manage all company secretarial matters


Shared Services

  • To ensure partnering with all shared services hubs provides the required efficiencies
  • Ensure local team members participate the monthly calls to sort our pending issues and drive process improvements


Net working capital management and reporting

  • Ensure all NWC reporting is accurate and timely
  • Actively manage cash flow and net working capital items by providing data and insights on pending issues
  • Drive cash flow improvement initiatives and actively come up with improvements
  • Participate in all ASEAN monthly RSOPs and prepare monthly ASEAN input for APAC RSOP
  • Ensure hedging is done correctly and according to FMC rules, FX impact on forecasts


Staff Management

  • Guide and mentor associates where and as required
  • Performance evaluation of direct reports, set objectives for direct reports


General responsibilities

  • Drive a safety agenda
  • Alignment with Region Finance on reporting and adherence to reporting deadlines

Job Requirements

  • Accounting/ Finance university degree qualified
  • Preferably CPA/ CA/ MBA
  • 10+ years in senior Finance positions in business planning and staff management
  • Excellent communication skills - verbal and written
  • Ability to interact with varied levels of the organization
  • Strong attention to business requirements
  • Pro-active approach, continuous improvement and open mind
  • Problem solving & decisiveness
  • Excellent excel skills
  • Strong ERP system experience, preferably in SAP
  • Knowledge, insight and experience in a complex multi-national matrix environment
  • Ability to prioritize tasks and manage tight deadlines