Functional Responsibility

 

The Financial Controller specializing in Payment, General Ledger, and Tax oversees specific aspects of financial management within an organization, focusing on payment processing, general ledger maintenance, and tax compliance. She/ he is responsible for ensuring accuracy, efficiency, and compliance in these areas while providing strategic financial guidance to senior management.

 

Role Responsibility

• Strengthen AirAsia brand image and customer advocacy

• Promote AirAsia’s culture within the organization

• Ensure transparency and promote good governance

• Develop and retain talents to groom next generation leaderships for department

Functional Duties

• Report to the CFO with timely and accurate financial information

• Assist the CFO in presenting reports to senior executives, stakeholders, and board members

Internal Controls and Compliance:

• Create monthly and annual reports to identify results, trends, and financial forecasts

• Manage cash flow by tracking transactions and regularly reviewing internal reports

• Supervise and manage financial department staff, including accountants and financial assistants

• Establish and maintain internal controls related to payment processing, general ledger maintenance, and tax compliance to ensure accuracy, integrity, and regulatory compliance.

• Conduct periodic reviews and audits to assess compliance with policies, procedures, and regulations.

• Evaluate and decide corrective actions and process improvements to enhance efficiency and effectiveness.

• Ensure that all financial transactions are properly recorded, filed, and reported

• Establish and implement financial reporting systems to comply with government regulation and legislation

• Collaborate with auditing services to ensure proper compliance with all regulations

Payment Processing:

• Oversee payment processing operations, including accounts payable and accounts receivable.

• Ensure and monitor timely and accurate processing of vendor invoices, employee reimbursements, and customer payments.

• Review payment documentation, such as purchase orders, contracts, and invoices, to verify accuracy and compliance with company policies and regulatory requirements.

• Implement and maintain payment processing systems and controls to minimize errors and fraud risks.

General Ledger Maintenance:

• Evaluate the integrity and accuracy of the general ledger, including recording journal entries, reconciling accounts, and closing financial periods.

• Ensure compliance with accounting standards and regulations in recording financial transactions.

• Review and analyze general ledger accounts to identify discrepancies, variances, and opportunities for improvement.

• Collaborate with other departments to resolve accounting issues and discrepancies.

Tax Compliance:

• Oversee and review tax planning, compliance, and reporting activities, including income tax, sales tax, and other applicable taxes.

• Ensure timely and accurate preparation and filing of tax returns in compliance with tax laws and regulations.

• Coordinate with external tax advisors and auditors to support tax planning strategies and manage tax audits.

• Stay informed about changes in tax laws and regulations and assess their impact on the organization.

Financial Analysis and Reporting:

• Develop budgets and financial plans for the company based on research and data reports

• Review all financial plans and budgets regularly to look for cost reduction opportunities

• Conduct financial analysis to assess the financial performance and health of the organization, focusing on payment-related metrics, general ledger accounts, and tax liabilities.

• Prepare accurate and timely financial reports, including income statements, balance sheets, cash flow statements, and tax disclosures.

• Provide insights and recommendations based on financial analysis to support decision-making and strategic planning.

Role Duties

• Develop long term plan and set high-level targets for the department to align with overall Group target and business plan

• Oversee annual plan and budget developments for the department including ensue budget adherence to the approved budget

• Develop and maintain good relationships with related business partners both internally and externally

• Monitor SOPs development and amendment to ensure all SOPs align with Regional standards and guidelines, and comply with regulatory requirement

• Track operating progress and result against annual plan and KPIs to ensure targets are met; provide supports as needed

• Support innovation and continuous improvement including promote best-practice within AirAsia

• Communicate with Regional’s management on related topics to develop good relationship and understand business needs

Traits

• Planning, Open Minded, Achievement Orientation, Responsibility, Analytical Thinking, Developing Others, Teamwork, Delegation and Empowering, Good Example, Customer Driven

• Able to maintain high confidentiality

• Able to working in a diverse and matrix organization

Merits

Minimum working experience:

• Relevant working experience (Years) 10 - 12 years in senior finance leadership roles

• 5 years or more Experience in auditing in Big 4

Education:

• Bachelor's degree in Accounting, Finance, or related field; CPA or CMA certification preferred 

Professional qualifications:

• Proven experience as a Financial Controller or similar role, with specialized expertise in payment processing, general ledger maintenance, and tax compliance.

• Strong knowledge of accounting principles, financial regulations, tax laws, and reporting standards.

• Proficiency in payment processing systems, general ledger software, and tax preparation software.