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Finance Manager, Japan

  • FIN - Financial Services
  • Tokyo, Japan
  • Cathay Pacific
  • Application Deadline
    29 Sep 2023
Company Description

We are proud of our Hong Kong heritage and equally proud of the global, diverse workforce that makes us who we are.  Celebrating 77 years of flying this year, we are a values driven, complex global business; but we are also a family.  Regardless of job or location, we are all one team who are focused on delivering a world-class airline operation.

Role Introduction

Reports to: Regional Head of Finance, Northeast Asia
Location / Country: Tokyo / Japan
Employment Condition: Contract (3 years) – possibly extended by up to another 2 years or a permanent condition may be offered (in-line with local legislation)

We are looking for a Finance Manager to lead a team of 3 dedicated employees.  The successful candidate will be the country finance lead, support the Regional Head of Finance and local business units to ensure robust control and compliance of financial operations in Japan.  With some remote working days, the role is broad as conducts accounting and finance activities, provides strategic analysis and recommendations to department managers as well supporting our subsidiary companies of Hong Kong Express, Cathay Holidays Japan and Air Hong Kong as required. 

Key Responsibilities

Compliance – Legal, Taxation, Regulatory Reporting

  • Fully comply with all applicable laws and regulations, including maintenance of necessary accounting records as per local requirements
  • Ensure accurate filing of applicable tax returns, audits, declarations, applications/renewals of all required licenses and other financial-related matters to local authorities
  • Monitor and update country management on new local requirements which may give rise to changes in risk exposure and/or changes in working procedures

Control and Risk Assessment

  • Ensure the company’s principle accounting policies are followed, such as the Finance Manual, Credit Control Policy and Guidelines, and, Outport Accounting and Internal Control Manual
  • Partner with the Port and Department Managers to ensure completion of the Control Self-Assessment for risk management
  • Perform regular audits on finance processes to identify any breaches of, or risks to, company policies and work with management to implement robust controls

Management and Financial Reporting

  • Ensure timely and accurate recordings of revenue, expenses and balance sheet items in the general ledger
  • Ensure compilation of monthly and annual accounting schedules, bank reconciliations and other account reconciliations

Cost Control

  • Prepare budgets, forecasts and ad hoc financial analysis as required
  • Critically review actual spend as compared to budget and work with stakeholders to identify cost saving opportunities
  • Ensure preparation of monthly analysis for country management on cost variances

Credit Control

  • Establish, maintain and comply with the company credit policy for appointing new agents and work with the sales teams to evaluate potential new agents in line with policy
  • Perform annual credit reviews for all non-IATA agents and lead monthly debtors meetings
  • Review any bad debts to ensure appropriate justification and ensure the write-offs are authorised by applicable signing authority

Banking and Treasury

  • Oversee the cash management process and fund remittance to Head Office
  • Ensure the authorised signatory lists for local bank accounts are up-to-date
  • Develop and maintain external banking relationships, including online banking security access for local bank accounts

Payroll

  • Partner with the People Department to ensure that salaries and employee benefits are paid in accordance with local regulations and company policies
  • Ensure payroll payments are approved and released in a timely manner

Administration and Supplier Management

  • Manage and maintain accurate local inventory and asset registers
  • Manage local supplier contracts, including office rental, telephone and insurance
  • Lead local contract negotiations and manage third party contracts as required

Business Support and Process Improvement

  • Prepare business cases to be submitted when required and ensure proper corporate governance and monitoring of costs for business projects
  • Provide finance-related support to other local departments as required and participate in industrial working groups for discussions and resolutions as required

People Development and Performance Management

  • Lead, support and encourage own team to achieve success
  • Build a strong and motivated team by fostering positive team spirit and teamwork
  • Develop employees with high potential and identify learning opportunities to ensure appropriate development
Requirements

  • Degree in Accounting or related discipline with sound accounting knowledge
  • Post-graduate accounting qualification in Accounting (e.g. Chartered Accountant, Certified Practicing Accountant, Chartered Management Accountant, etc.) or related discipline
  • A minimum of five years’ experience in Finance/Accounting is essential
  • Experience in the airline industry is an advantage
  • Experience in SAP is an advantage
  • Minimum of two years’ demonstrable experience in leading a high performing team
  • Sound understanding of the country’s business practices
  • A good team player with strong interpersonal skills and can interact professionally with all levels within the organisation and region
  • Fluency in written and spoken Japanese and English
  • Demonstrable experience in improving current work practices and implementing new ideas and is adaptive to change
  • Strong planning, problem-solving and organisational skills and is able to prioritise and manage multiple tasks and deadlines with noted negotiation skills
  • Must have the legal right to live and work in Japan
Benefits

  • Basic salary: JPY537,450/month
  • Title allowance: JPY50,000/month
  • Fixed allowance per month: JPY38,000 + Basic salary x 7.4%
  • Other allowances: the company regulations apply including significant airline travel discounts
  • Social insurance: Unemployment insurance, Worker's compensation insurance, Health insurance, Welfare pension insurance
  • Commuting expense allowance: Up to JPY50,000/month
  • Retirement allowance: None
  • Working hours per day: 7.5 hours with some remote working days
  • Break time: 1 hour
  • Off day: Two days off every week
  • Probation period: 6 months
  • Annual leave: 16 days in the first year after completing 6 month service
  • Potential for additional discretional bonus (depending on the Company's performance and financial status)

Call to action

There are many people behind the Cathay Pacific brand.  If you want a supportive working culture, to fly to exciting destinations at significant discounts and be part of a world-class airline, we have opportunities for talented people.  Apply now to start your Cathay journey.

Personal & Application Information

Application

  • Cover letter in English detailing your motivation for applying
  • CV

Application deadline: 29 September 2023

 

Cathay Pacific is an Equal Opportunities Employer. Personal data provided by job applicants will be used strictly in accordance with our personal data policy and for recruitment purposes only. All related information will be kept in our file for up to 24 months. A copy of our Personal Information Collection Statement will be provided upon request by contacting our Data Protection Officer.

Apply now