Finance Manager (China)
Executive recruitment company Monroe Consulting Group is recruiting on behalf of a well-established multinational industrial manufacturing group that manufactures integrated production lines and industrial machines, with operations across Asia. Our client is seeking a highly experienced and commercially minded Finance Manager (China) to oversee financial governance, compliance, and operational finance for its China entities, while partnering closely with Regional and HQ stakeholders.
Job summary
The Finance Manager, China will act as the key finance representative for the China operations and is responsible for ensuring robust financial governance in line with group standards and control requirements. The role has full accountability for financial matters across the Chinese legal entities, including taxation and compliance, costing, treasury, reporting, budgeting, internal controls, and financial and operational support.
This position works closely with Regional Finance and HQ teams and reports directly to the Regional CFO. The scope of the role may extend beyond China to include regional finance initiatives and projects.
Key job responsibilities include:
- Lead and manage the local accounting team, with regular travel to China.
- Oversee daily cash receipt tracking from customers, including sales order release, posting, and credit management.
- Checking and verification of supplier payments
- Perform monthly bank reconciliations, customer and supplier reconciliations, including intercompany balances.
- Ensure full compliance with statutory, regulatory, and tax requirements in China.
- Deliver complete and accurate month-end closings, ensuring financial statements comply with applicable accounting standards and are reported on a timely basis.
- Own the setup, maintenance, and troubleshooting of the Oracle ERP system.
- Monitor and manage inventory and stock control on an ongoing basis.
- Perform variance analysis, simulations, and financial modeling to support decision making.
- Monitor cost structures and investigate cost variances.
- Manage treasury activities, including cash flow planning and liaison with banking partners.
- Oversee company secretarial matters and ensure compliance with local regulations.
- Support and manage legal matters, including coordination with external legal advisors.
- Enhance the internal control framework and develop, implement, and maintain standard operating procedures (SOPs).
- Lead the annual statutory audit process for all China legal entities.
- Participate in forecasting and annual budgeting processes.
- Enforce internal controls and ensure adherence across the organization.
- Support monthly demand and supply planning activities.
- Act as a key finance business partner to Commercial and Service teams by:
- Serving as the primary financial and control reference point for initiatives
- Providing contractual and financial support on commercial agreements
- Provide timely and accurate commercial and financial analysis, including tracking sales and costs against budget and estimates.
- Analyze and explain key financial metrics, including net sales, COGS, and SG&A.
- Oversee monthly payroll preparation and payment.
- Take the lead on ad-hoc finance projects and assignments as required.
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Key job requirements:- Minimum 5 years of relevant finance and accounting experience within the China jurisdiction.
- Strong knowledge of Chinese regulatory, statutory, and tax compliance requirements.
- Fluency in written and spoken English and Mandarin is mandatory.
- Ability to work independently and remotely, with flexibility to travel to China
Finance Manager (China)
Executive recruitment company Monroe Consulting Group is recruiting on behalf of a well-established multinational industrial manufacturing group that manufactures integrated production lines and industrial machines, with operations across Asia. Our client is seeking a highly experienced and commercially minded Finance Manager (China) to oversee financial governance, compliance, and operational finance for its China entities, while partnering closely with Regional and HQ stakeholders.
Job summary
The Finance Manager, China will act as the key finance representative for the China operations and is responsible for ensuring robust financial governance in line with group standards and control requirements. The role has full accountability for financial matters across the Chinese legal entities, including taxation and compliance, costing, treasury, reporting, budgeting, internal controls, and financial and operational support.
This position works closely with Regional Finance and HQ teams and reports directly to the Regional CFO. The scope of the role may extend beyond China to include regional finance initiatives and projects.
Key job responsibilities include:
- Lead and manage the local accounting team, with regular travel to China.
- Oversee daily cash receipt tracking from customers, including sales order release, posting, and credit management.
- Checking and verification of supplier payments
- Perform monthly bank reconciliations, customer and supplier reconciliations, including intercompany balances.
- Ensure full compliance with statutory, regulatory, and tax requirements in China.
- Deliver complete and accurate month-end closings, ensuring financial statements comply with applicable accounting standards and are reported on a timely basis.
- Own the setup, maintenance, and troubleshooting of the Oracle ERP system.
- Monitor and manage inventory and stock control on an ongoing basis.
- Perform variance analysis, simulations, and financial modeling to support decision making.
- Monitor cost structures and investigate cost variances.
- Manage treasury activities, including cash flow planning and liaison with banking partners.
- Oversee company secretarial matters and ensure compliance with local regulations.
- Support and manage legal matters, including coordination with external legal advisors.
- Enhance the internal control framework and develop, implement, and maintain standard operating procedures (SOPs).
- Lead the annual statutory audit process for all China legal entities.
- Participate in forecasting and annual budgeting processes.
- Enforce internal controls and ensure adherence across the organization.
- Support monthly demand and supply planning activities.
- Act as a key finance business partner to Commercial and Service teams by:
- Serving as the primary financial and control reference point for initiatives
- Providing contractual and financial support on commercial agreements
- Provide timely and accurate commercial and financial analysis, including tracking sales and costs against budget and estimates.
- Analyze and explain key financial metrics, including net sales, COGS, and SG&A.
- Oversee monthly payroll preparation and payment.
- Take the lead on ad-hoc finance projects and assignments as required.
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Key job requirements:- Minimum 5 years of relevant finance and accounting experience within the China jurisdiction.
- Strong knowledge of Chinese regulatory, statutory, and tax compliance requirements.
- Fluency in written and spoken English and Mandarin is mandatory.
- Ability to work independently and remotely, with flexibility to travel to China as required.
- Hands-on experience with ERP systems; Oracle experience strongly preferred.
- Strong proficiency in Microsoft Excel and MS Office tools.
- High attention to detail with the ability to manage multiple priorities in a fast-paced environment.
Qualifications Requirements- Bachelor's degree in Accounting; professional accounting qualification preferred (MIA, ACCA, ACA, CIMA, ISCA, or equivalent).
Competencies- Strong leadership and stakeholder management skills.
- Excellent analytical and problem-solving capabilities.
- Strong organizational and time management skills.
- Ability to work effectively across cultures and with regional and global teams.
- Proactive, resilient, and adaptable in a dynamic business environment.
- High level of professionalism, integrity, and accountability.
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as required. - Hands-on experience with ERP systems; Oracle experience strongly preferred.
- Strong proficiency in Microsoft Excel and MS Office tools.
- High attention to detail with the ability to manage multiple priorities in a fast-paced environment.
Qualifications Requirements- Bachelor's degree in Accounting; professional accounting qualification preferred (MIA, ACCA, ACA, CIMA, ISCA, or equivalent).
Competencies- Strong leadership and stakeholder management skills.
- Excellent analytical and problem-solving capabilities.
- Strong organizational and time management skills.
- Ability to work effectively across cultures and with regional and global teams.
- Proactive, resilient, and adaptable in a dynamic business environment.
- High level of professionalism, integrity, and accountability.
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