Blackmores (www.blackmores.com.au) is Australia’s No.1 vitamin and dietary supplements brand with a legacy of over 90 years and is a publicly listed company employing 1250 people in 13 markets across Asia-Pacific. Headquartered in Australia, Blackmores has its international headquarter in Singapore, a health Innovation Centre in Shanghai, and a state-of-the-art manufacturing facility in Australia.
As a purpose-led, performance-driven organisation, Blackmores Group strives to create remarkable employee experiences through supporting a diverse and inclusive culture, creating leadership that inspires high performance, and providing everyone with opportunities to achieve their professional, personal and wellbeing goals supported by our flexible work practices and family friendly policies
Purpose of role:
Ownership of all aspects of financial accounting and reporting, governance and controls, business performance analysis and strategic partner to management team, ensuring a stable platform of financial and administrative capabilities, systems and processes to support business objectives of Malaysia & Singapore
This role will lead local Finance team and FP&A on efficient delivery with Finance process
transformation, Business Partners with Country Managers, Market team, Regional and Group
Management Team.
This position is offered as a 24-month fixed-term contract.
Responsibilities include:
Functional Finance
Finance Operations & Systems Oversight: Ensure smooth functioning of finance systems including Oracle Fusion ERP, with accurate monthly reconciliations across general ledger and subledgers (Inventory, PO, FA, AR, AP, Cash).
Financial Reporting & Forecasting: Drive timely and accurate management reporting, budgeting, and rolling 18-month forecasts using tools like IBM PA and Power BI, ensuring alignment with regional and group guidelines.
Payroll & Treasury Management: Oversee monthly payroll accounting and tax postings, and review cash flow forecasts for Malaysia and Singapore to maintain optimal liquidity and communicate cash positions.
Intercompany & Compliance Management: Reconcile intercompany balances, compute royalties, and implement accounting policies compliant with local and international standards, resolving technical accounting issues.
Continuous Improvement & Project Support: Identify process inefficiencies, enhance reporting systems, document procedures, and support ERP implementations and other finance-related projects.
Regulatory & Stewardship
Statutory Reporting & Audit Coordination: Prepare annual statutory accounts and manage internal/external audits to ensure timely completion with no material issues.
Tax Compliance: Ensure accurate and timely submission of income and indirect tax returns, maintain audit trails, and liaise with tax advisors to avoid penalties.
Internal Controls & Governance: Maintain reconciled tax effect entries, enforce asset safeguarding procedures, and ensure proper application of Delegation of Authority.
Corporate Compliance & Secretarial Support: Manage quarterly Blueprint updates, coordinate board meetings/resolutions, and support company secretarial functions.
Training & Risk Management: Develop governance and competency training programs for the finance team and broader organization to strengthen compliance and risk awareness.
Performance Catalyst & Advisor
Strategic Financial Analysis: Evaluate actuals vs. budget/forecast/YOY/CAGR to provide insights and recommendations to Country and Regional Heads, highlighting risks and corrective actions to meet targets.
Commercial & Margin Insights: Analyze Net Sales, Gross Margin, COGS, and trade spend (A&P) by SKU and channel to ensure effective spending and profitability.
Revenue & Accrual Accuracy: Ensure proper capture and timing of Gross-to-Net sales adjustments and A&P programs, with accurate accruals and provisions.
Inventory Optimization: Monitor sell-in/sell-out, safety stock, and SLOB levels to maintain optimal inventory and respond quickly to market and supply changes.
Performance Commentary & Decision Support: Prepare STA/business commentaries, assess new product profitability, challenge proposals with data-driven analysis, and coach teams on strategic decision-making.
Strategic Partnering
Market & Channel Expertise: Build strong understanding of the Asian vitamins and supplements market, including sales channels and go-to-market strategies to support revenue growth.
Strategic Insights & Business Cases: Identify risks and opportunities, deliver competitor and market trend analysis, and lead business case development for strategic decisions.
Sales & Cost Efficiency Analysis: Review sales and operating expenditures for ROI, and provide insights to improve cost efficiency and productivity across business units.
Support Sales & Marketing Objectives: Provide relevant data and analysis to Sales and Marketing teams to guide decision-making and maximize product margins.
Risk Management Coordination: Oversee risk reporting processes to ensure timely and accurate identification of business risks and opportunities
Team Management
Team Coaching & Motivation: Lead and inspire junior finance professionals through guidance, support, and regular feedback.
Goal Setting & Development: Set clear objectives and promote personal growth initiatives to build finance capability and engagement.
Talent & Capability Building: Foster a culture of continuous learning and development to strengthen team performance and future leadership potential
Who are you?
- Qualified chartered accountant with a Degree in Accountancy and or equivalent professional qualifications.
- With at least 10-12 years of relevant experience in audit firm/multinational corporations, FP&A and business partnering.
- Well-versed in performing internal control and sound knowledge of risks and controls in an organization.
- Familiar with Financial reporting in Singapore, and Malaysia markets.
- Experience in Taxation laws in Malaysia and Singapore, budgeting and forecasting.
- Experience in multi-currency treasury & cashflow management, foreign currency revaluation and analysis.
- Process Improvement and re-engineering, including ERP Optimization
- Good understanding of Cross-cultural issues faced by companies operating in Asia
- Excellent commercial awareness & business acumen. looks beyond Finance boundaries.
- Strong in critical thinking and analytical ability, proactive in articulating ideas
- Finance and Data Visualization Expertise
- In Depth Performance and Risks Driven Data Analysis
- Troubleshooting and Problem-Solving Skills
- Able to work flexibly and resourcefully using own initiative
- Solid Analytical and reporting ability with strong Excel and PowerPoint skills
- Positive, proactive growth mindset.
- Confident with articulate communications skills, able to constructively challenge and make proposals and interact effectively with people at all levels in the organisation.
- Proven track record of effective and strategic business partnerships with strong conceptual skills and analytical thinking
Agencies please note: this recruitment assignment is being managed directly by Blackmores Talent Acquisition team. We will reach out to our preferred agency partners if required. Your respect for this process is appreciated.