• FYTE

Finance Head Permanent - Shanghai

Job details

  • City : Shanghai
  • Function : Accounting/Finance
  • Sector : Accounting
  • Reference : 28002

Job description



Job Title: Finance Head


Report to: Country GM, Regional Director, and COO in UK


Location: Shanghai



About Client


Our client is a famous beverage company, which has high market sharing in Europe area.



Job Description


Job Responsibilities:



  1. System & Process setup



  • Implement the necessary process and controls to start trading

  • Support entity setup and acquiring of licences necessary to trade

  • Implement a “tactical” accounting system to meet the needs of the business management in the first 24 months

  • Work with IT team to identify and implement supporting services

  • Implement an outsourced payroll solution


2. Financial stewardship


  • Manage the sales ledger, purchase ledger, stock ledger, fixed assets, cash, and all general ledger transactions

  • Ensure that the balance sheet is being well managed and all balances are understood and can be validated

  • Perform an annual credit limit review on customers

  • Ensure that we are compliant with all financial requirements, including VAT, corporate taxes, payroll taxes, indirect taxes and manage the local audit, accounts preparation process and tax compliance as required

  • Ensure sufficient liquidity


3. Reporting


  • Prepare a monthly P&L and balance sheet with P&L variance to budget for submission to one famous drinks company

  • Prepare the monthly trading report for the business, to be shared with the country manager, regional director, COO, and one famous drinks company


4. Planning


  • Manage the business planning process for China (3-year long range plan, annual budget, full year forecast)Support the country manager on any financial analysis of customer deals and trade investment, as required

  • Support the country manager on any business case work for investment plans, as required

  • Contribute to the development of the systems and process roadmap to ensure that the needs of finance are well met


5. Team


  • Act as a key business partner of the Country Manager on key strategic, commercial, organisational matters

  • Recruit, manage, and develop a finance assistant to manage all the transactional work

  • Build a good relationship with the famous drinks company China finance contact so that results are submitted accurately and timely

  • Build a relationship with HQ finance contact for support and advice on any issues



Desired Profile:




  • Fully qualified accountant

  • Experience of managing the finance of a (small) business

  • Line management experience

  • Chinese & English speaker

  • Clear and articulate communication style. Able to communicate with senior managers

  • Strong business process understanding


Qualified and interested Parties please apply with your CV and latest salary in Word format to kristen.zhou@fytecn.com.


Please note, that while Morgan Philips welcomes and appreciates all candidate response, volume of replies allows us to respond to short-listed candidates only. Resumes are collected for recruitment purposes only.


Desired profile

Fully qualified accountant
Experience of managing the finance of a (small) business
Line management experience
Chinese & English speaker
Clear and articulate communication style. Able to communicate with senior managers
Strong business process understanding