Manager for Sime Motors Thailand
Country level
Location: Pattaya/Don Muang
To lead and manage the company's financial and accounting operations, ensuring full compliance with accounting standards, tax regulations, and internal policies. The role oversees financial closing, tax (including VAT), bank reconciliation, financial reporting, internal controls, and team management to support business performance and decision-making.
Key Responsibilities:
Financial & Accounting
- Review monthly, quarterly and annual financial closing reports with operating units.
- Analyze and interpret financial results for operating units: Porsche / BMW / MINI.
- Ensure timely and accurate submission of reports to head office in Malaysia (MY).
- Highlight any material variances or irregularities to head office and recommend
corrective actions.
- Monitor monthly results against budget/forecast.
- Oversee and manage all accounting and financial operations of the company.
- Review and verify GL, AP, AR, Fixed Assets, Inventory, and reconciliation items as
monthly for SDTH, SDVT, SDMT and SDAS and quarterly/half yearly for PMTL and PMDM.
- Approve financial transactions and accounting entries prior to posting and closing.
- Lead and review bank reconciliation for all bank accounts
- Investigate discrepancies, unreconciled items, missing entries, and ensure timely clearing.
Tax & VAT Management
- Review and ensure accuracy of all tax submissions, including:
a) VAT (Input/Output), PP.30, PP.36
b) Withholding tax: PND.1, 3, 53, 54
c) Corporate income tax (mid-year and annual)
- Identify tax risks and provide advisories to head office and local management.
- Aid and ensure all operating units comply with tax laws and regulations.
- Liaise with the Revenue Department during tax audits and provide required documentation.
- Perform annual corporate tax review with tax consultation locally.
Internal Control / Audit / Legal
- To drive closure of all internal/external audit findings by ensuring that corrective
- action plans are implemented timely.
- Audit reviews with internal and external auditors.
- Perform Country Risk Champions, Actions plan and risk monitoring.
- Perform Country Compliance Champions, Actions plan and compliance monitoring.
- Ensure compliance with Thai Accounting Standards (TFRS), tax laws, and company policies.
- Monitor and follow up on all outstanding litigations of operating units and the financial exposure.
- Liaise with legal advisor before management sign off to ensure interest of the
- Group is well protected.
Treasury
- Cash flow planning to ensure maximize fund utilization, minimize funding cost and optimize return on investments.
- Manage working capital requirements within the available facility.
- To hedge foreign currency exposure to minimize forex risk and protect profit margin.
- Liaise with bankers and Motors Division Treasury dept on banking facilities and intra group loan.
Strategy & CAPEX spending
- Review Annual Management Plan and coordinate the preparation of the budget with operating units.
- Evaluate and prepare proposals and financial projections for capital investments in
Plant & Equipment, Network and other Projects.
- Assist Country head in executing, monitoring and tracking the strategy plans as set
forth in the M Plan.
Others
- Leading Procurement activities and ensure compliance with procurement policy.
- Perform Tender Committee and Directorship role
Qualification:
- Good written and verbal communication skills in English and able to work independently.
- Bachelor's degree or professional qualification in Finance & Accounting.
- Minimum 3 years of managerial role within related to automotive, retail or service industry.
- Minimum 2 years experience in full year cycle of year end closing, audit, tax submission and budgeting.
- Strong experience in Tax, VAT, Bank Reconciliation, and Financial Closing
- Strong knowledge of Thai accounting standards (TFRS), accounting and tax principle, including Thailand corporate and tax laws.
- Experience and are able to liaise with government department.
