The Assistant Finance Manager is responsible for ensuring financial compliance, statutory and group reporting, maintenance of robust internal controls, and providing financial support to project-based operations. The role requires strong technical accounting expertise in PRC GAAP, IFRS, and US GAAP, along with a solid understanding of project accounting, revenue recognition, contract management, and the financial operations of a construction consulting business.
The position serves as a key liaison between business team, auditors, tax advisors, and external regulatory authorities.
Key Responsibilities
Project Finance Management
- Understand project lifecycle from proposal, contract award, project execution, billing, collection, and project close-out.
- Monitor project financial performance and profitability.
- Support project managers in project budgeting and cost monitoring.
- Review project costs, labor utilization, subcontractor charges, and project margins.
- Ensure proper revenue recognition under applicable accounting standards (IFRS 15, ASC 606, and PRC requirements).
- Assess project contracts and determine appropriate revenue and cost recognition treatment, review unbilled revenue, deferred revenue, and revenue accruals.
- Monitor contract compliance and financial risks associated with client contracts.
- Monitor subcontract payment to ensure a pay when paid policy.
- Interpret accounting implications of contract modifications, claims, and variation orders.
Financial Reporting & Accounting Compliance
- Ensure accounting records are maintained accurately and in accordance with PRC GAAP.
- Support preparation of group reporting packages under IFRS and/or US GAAP.
- Analyze differences between PRC GAAP, IFRS, and US GAAP and prepare necessary adjustments.
- Review monthly, quarterly, and annual financial statements.
- Manage month-end and year-end closing activities.
- Review balance sheet reconciliations and ensure timely resolution of outstanding items.
- Ensure compliance with corporate accounting policies and procedures.
Regulatory Compliance & Governance
- Monitor compliance with PRC accounting, tax, and regulatory requirements.
- Maintain strong internal control environment and ensure compliance with SOX requirements where applicable.
- Support implementation and monitoring of corporate governance policies.
- Identify compliance risks and recommend corrective actions.
- Maintain documentation supporting internal control frameworks.
- Liaise with tax advisors on complex tax matters to ensure tax compliance
Audit Management
- Coordinate annual external audits and statutory audits.
- Act as primary contact for auditors.
- Prepare audit schedules and supporting documentation.
- Drive timely resolution of audit findings and management letter points.
Process Improvement and team supervision
- Strengthen accounting processes and internal controls.
- Drive automation and standardization initiatives.
- Improve reporting quality and efficiency.
- Supervise and review the daily work performed by the Assistant Accountants to ensure accuracy, completeness, and compliance with company policies and accounting standards.
- Provide technical guidance and coaching on accounting treatment, compliance requirements, and company procedures.
- Participate in ERP implementation and finance transformation projects when required.