Position: GROUP FINANCIAL CONTROLLER
Industry: Food & Beverage (F&B)
Department: Finance & Accounts
Reporting to: Group Managing Director / Chief Executive Officer
Position Level: Senior Management
Job Purpose
To lead and oversee the entire financial management, accounting, taxation, financial reporting, and internal control functions of the Group's F&B operations.
The Group Financial Controller will be responsible for managing the full spectrum of financial and accounting activities across multiple outlets and business entities, ensuring accurate financial reporting, strong financial governance, tax compliance, cost efficiency, and effective financial controls.
The position will provide strategic financial insights to senior management, drive profitability, safeguard the Group's financial interests, and lead the finance team in supporting business growth and operational excellence.
Key Responsibilities
1. Group Financial Management & Strategic Planning
- Lead and oversee the overall finance and accounting functions across all business entities and F&B outlets.
- Develop and implement financial strategies, policies, procedures, and internal controls.
- Provide financial insights, analysis, and recommendations to the CEO and senior management for business decisions.
- Monitor the financial performance and profitability of individual outlets and the Group as a whole.
- Drive financial discipline, cash flow management, and working capital optimisation.
- Participate in business expansion, new outlet openings, budgeting, and financial feasibility studies.
2. Full Set Accounting & Financial Reporting
- Oversee the full spectrum of accounting functions, including General Ledger (GL), Accounts Payable (AP), Accounts Receivable (AR), fixed assets, bank reconciliation, and month-end/year-end closing.
- Ensure timely and accurate preparation of monthly management accounts, financial statements, and consolidated group reports.
- Oversee accounting activities across multiple outlets, branches, and legal entities.
- Ensure proper reconciliation of sales, cash collections, credit card transactions, e-wallets, delivery platforms, and other revenue channels.
- Maintain compliance with applicable accounting standards and statutory reporting requirements.
- Liaise with external auditors, tax agents, company secretaries, and relevant authorities.
3. Profit & Loss (P&L) Management & Business Performance
- Take ownership of the Group's overall P&L and financial performance.
- Review and analyse outlet-level P&L statements, identifying profitability trends, cost variances, and areas for improvement.
- Monitor key F&B financial indicators, including food cost, beverage cost, labour cost, rental, utilities, wastage, and operating expenses.
- Work closely with Operations and Outlet Managers to improve gross profit margins and operational efficiency.
- Establish financial KPIs and performance benchmarks for each outlet.
- Provide variance analysis against budget, forecast, and prior-year performance.
- Recommend corrective measures to improve outlet profitability and financial sustainability.
4. Taxation & Statutory Compliance (Key Expertise)
- Lead and oversee all taxation matters for the Group and its subsidiaries.
- Ensure compliance with corporate income tax, indirect taxes, withholding tax, and other applicable statutory obligations.
- Oversee tax computations, tax estimates, tax returns, and tax planning activities.
- Review tax exposure and identify opportunities for legitimate tax optimisation.
- Ensure proper tax treatment and documentation for all business transactions.
- Keep abreast of changes in tax legislation, regulations, and government policies.
- Liaise with tax agents, auditors, and relevant tax authorities on tax audits, investigations, and assessments.
- Advise management on the tax implications of business expansion, restructuring, and new outlet operations.
5. Accounts Payable (AP), Accounts Receivable (AR) & Cash Flow
- Oversee the AP function, ensuring timely supplier payments, proper invoice verification, and payment controls.
- Monitor supplier balances, payment terms, credit facilities, and outstanding liabilities.
- Oversee AR functions, including customer billing, collections, credit control, and reconciliation.
- Monitor daily cash flow, bank balances, cash positions, and working capital requirements.
- Establish effective cash management and payment approval procedures.
- Ensure proper reconciliation of sales proceeds from POS systems, delivery platforms, e-wallets, and banking transactions.
6. Budgeting, Forecasting & Cost Control
- Lead the annual budgeting and periodic forecasting processes.
- Monitor actual performance against budgets and identify significant variances.
- Establish cost control mechanisms across all outlets.
- Review food and beverage costing, inventory valuation, stock movements, wastage, and purchasing practices.
- Work closely with procurement and operations teams to improve purchasing efficiency and cost management.
- Support management in evaluating new outlet investments, capital expenditure, and business expansion.
7. Internal Controls, Audit & Risk Management
- Establish and strengthen internal financial controls across all outlets and entities.
- Ensure proper segregation of duties, financial authorisation limits, and cash handling procedures.
- Oversee stocktake controls, inventory reconciliation, and monitoring of stock variances.
- Identify financial risks, potential fraud, revenue leakage, and control weaknesses.
- Coordinate internal and external audits and ensure timely resolution of audit findings.
- Implement standardised financial policies and SOPs across all outlets.
8. Leadership & Team Management
- Lead, manage, and develop the Finance & Accounts team, including personnel responsible for P&L, GL, AP, AR, and outlet accounting.
- Supervise and review the performance of subordinates to ensure accuracy, efficiency, and timely completion of deliverables.
- Establish clear departmental responsibilities, reporting structures, and performance KPIs.
- Provide coaching, guidance, and technical support to finance personnel.
- Build a strong and accountable finance team with a focus on continuous improvement.
- Ensure adequate staffing and workflow management to support the Group's growing operations.
Job Requirements
- Bachelor's Degree in Accounting, Finance, or a related discipline.
- Professional accounting qualification such as ACCA, CPA, CIMA, MICPA, or equivalent will be an advantage.
- Minimum 8–12 years of relevant finance and accounting experience, with at least 3–5 years in a senior management or financial controller position.
- Strong experience in managing full-set accounting for multiple entities and multiple F&B outlets.
- Extensive knowledge and hands-on experience in taxation and statutory compliance.
- Proven experience overseeing P&L, GL, AP, AR, cash flow, budgeting, and financial reporting.
- Strong understanding of F&B business operations, including food costing, inventory control, outlet profitability, and POS reconciliation.
- Proven track record in leading and managing a finance team with multiple subordinates.
- Strong knowledge of applicable accounting standards and taxation regulations.
- Excellent analytical, leadership, communication, and problem-solving skills.
- High integrity, strong business acumen, and the ability to work independently at senior management level.
Key Performance Indicators (KPIs)
- Timely and accurate monthly management accounts and financial reporting.
- Accuracy of outlet-level and Group P&L reporting.
- Compliance with tax and statutory filing deadlines.
- Effective management of cash flow and working capital.
- Reduction of food cost variances, wastage, and operating expenses.
- Improved outlet profitability and gross profit margins.
- Timely completion of month-end and year-end closing.
- Effectiveness of internal controls and audit compliance.
- Finance team productivity, accuracy, and staff development.
Pay: RM5,500.00 - RM6,500.00 per month
Benefits:
- Additional leave
- Company car
- Free parking
- Health insurance
- Maternity leave
- Professional development
Work Location: In person