Thailand Finance Manager

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