Position Overview:
The Director of Finance will oversee all aspects of FP&A, Accounting, Credit, and tax functions in APAC region, be responsible for both Stanley and GMS business as a key financial liaison between the Companies and key stakeholders. This role will be responsible for providing strategic financial insights, driving budgetary decisions, and optimizing financial performance across our regional operations in achieving financial targets and objectives. Report directly to the SVP, Global Finance.
Key Responsibilities:
Financial Planning & Analysis and Reporting:
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Has dotted line responsibility for APAC FP&A team
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Ability to understand commercial and business operations
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Ability to identify and opportunities for the commercial, operational, and financial teams
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Help derive, measure, and report financial and operational KPI
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Prepare comprehensive financial reports, variance analysis, and performance dashboards for leadership management.
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Evaluate actual financial results against budget and forecasts, providing insightful commentary and recommendations to drive performance improvements.
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Identify trends, deviations, and emerging issues, and communicate findings effectively to support informed decision-making.
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Assist in the preparation of regional monthly operating report and other routine reports.
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Collaborate closely with consolidation and accounting team to ensure accuracy and integrity of financial data including month-end close process and reconciliations.
Strategic Financial Insights and Decision Support:
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Collaborate with functional stakeholders to understand key business drivers.
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Support strategic initiatives through financial modeling and analysis.
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Conduct scenario analysis and sensitivity testing to assess key performance metrics, identify areas of improvement, and drive strategic initiatives
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Develop rolling forecasts to provide accurate financial outlooks.
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Ownership and management of strategic financial risks.
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Assist in decision-making processes by providing financial insights and recommendations.
Tax and Accounting:
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Direct, support and manage team’s day-to-day workflow and progress toward team goals.
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Oversee the month-end and year-end closing process on a timely basis, including review of reconciliations of all GL accounts, review of financial statements and performance analysis, and publishing of internal reports. Coordinate and review monthly financial reports.
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Ensure all accounting transactions are recorded accurately and on a timely basis. Ensure that estimates, accruals, reserves and provisions are calculated and supported with appropriate basis or backup, in accordance with US GAAP. Review journal entries of staff accountants to ensure the appropriateness of all entries prior to posting.
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Oversee all region’s income, VAT and other tax filing requirements. Ensure compliance with all applicable tax reporting jurisdictions and that all statutory requirements of the Company are met.
Internal Controls and Processes:
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Support solutions to establish a reliable and efficient working environment in Oracle and UFIDA. This will include developing automated solutions for manual processes, validating sources of data and developing comprehensive and defined management reporting solutions for a variety of end users.
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Coordinate the development and maintenance of appropriate documentation for key accounting policies and procedures that align with those of headquarters, including internal controls. Seek to make continuous improvements to processes and procedures where appropriate. Ensure adoption of and adherence to all key Finance global standard business processes.
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Review credit-worthiness of existing and proposed new customer and establish appropriate credit limits and payment terms. Review accounts receivable collection efforts on at least a weekly basis and provide guidance and detailed action plans where necessary. Monitor changes in sales allowances and chargeback rates by customer, and communicate trends and findings to Sales team.
Miscellaneous:
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Perform role of key financial partner in significant contract negotiations, including customers, banks, lessors and other outside third parties.
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Develop working relationships with key outside stakeholders, including bankers, tax advisors, insurance agents and legal counsel. Evaluate bank credit needs to support ongoing operations of the China operations, and provide recommendations to the CFO and Corporate Controller.
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Oversee the treasury function with local banks, including managing the Company’s cash flows and reviewing and releasing payments.
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Oversee the Company’s annual audit processes (US GAAP and local statutory audits) with outside auditors, including setting and adhering to schedules, preparation of necessary reports, and reviews with Company management as appropriate stages throughout the audits. Manage Company bank audits as required under the credit agreement.
Team Leadership and Development:
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Manage and mentor a team of financial analysts and planners.
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Foster a culture of continuous improvement and professional development.
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Ensure effective communication and collaboration within the FPA team and across functions.
Skills and Experience:
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Strong knowledge of ERP systems and Oracle experience is a plus.
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Strong understanding and application of US GAAP, Chinese GAAP and IFRS.
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Strong understanding of internal controls and systems view of accounting processes and procedures.
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Provide leadership and accountability for all Strategic, Commercial, Financial, Regulatory and Compliance related matters for Stanley & GMS APAC;
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Strong English verbal and written skills, see things from different business aspects but also can articulate (in English) in a fair way to show the bigger picture.
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Powered communication and influence skills.
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Ability work with regional leaders and develop strategies.
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Demonstrate the ability to work in a fast paced, matrix, & growth environment
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Demonstrate the ability to develop and promote talent. Excellent in talent management.
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Advanced skills using Microsoft Word and Excel.
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Ability to respond effectively to sensitive inquiries or complaints.
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Ability to take initiative and prioritize tasks; good time-management, organizational, problem-prevention and problem-solving skills.
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Strong analytical ability with active listening skills.
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Ability to maintain confidentiality of sensitive information.
Education and Requirements:
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Bachelor or master’s degree in finance/ accounting
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Previous experience in public accounting required; CPA license required
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10-15 years’ industry experience, ideally with FMCG background.