Overview

Project Finance Analyst Jobs in Subang Jaya, Selangor, Malaysia at Mesiniaga Berhad

Title: Project Finance Analyst

Company: Mesiniaga Berhad

Location: Subang Jaya, Selangor, Malaysia

Company Description

Mesiniaga Berhad is a leading digital transformation partner with over 40 years of experience in helping organizations enhance profitability, resilience, and competitiveness through technology. Originally emerging from IBM Malaysia, Mesiniaga has powered and maintained critical IT and network infrastructures that support both public and private sectors. With a proven track record in delivering complex enterprise solutions, the company focuses on designing seamless user experiences to drive operational harmony. As Malaysia embraces AI, automation, and cloud innovation, Mesiniaga continues to expand regionally, building a connected and future-ready digital ecosystem across Southeast Asia.

Role Description

This is a full-time hybrid role as a Project Finance Analyst based in Subang Jaya, with opportunities for partial remote work. The role involves performing financial analysis, developing financial models, budgeting, and forecasting for projects. The Project Finance Analyst will also support financial reporting, collaborate with internal teams, and provide strategic insights to enhance project performance and ensure financial viability. The role requires a detail-oriented professional with strong communication and organizational skills to effectively manage financial aspects of projects.

Roles and Responsibilities

Project Cost & Budget Management

  • Own the end-to-end financial tracking of approved projects, maintaining accurate and up-to-date budgets throughout the full project lifecycle.
  • Monitor actual costs versus approved budgets regularly, proactively identifying variances and escalating risks to Project Managers and Finance leadership.
  • Prepare and maintain detailed cost-to-complete (CTC) and estimate-at-completion (EAC) forecasts for all active projects.
  • Work closely with Project Managers to ensure committed and incurred costs (labour, subcontractors, hardware, software, and overheads) are correctly allocated and coded.
  • Review and approve project-related purchase requisitions and invoices against budgeted lines.

Revenue Recognition & Profitability

  • Ensure revenue is recognised in accordance with contract terms, delivery milestones, and applicable accounting standards (MFRS 15 / IFRS 15).
  • Prepare monthly project profitability reports, tracking gross margin and contribution margin at project and portfolio level.
  • Investigate and report on margin erosion, flagging root causes (scope creep, resource overruns, pricing gaps) and recommending corrective actions.
  • Support billing and invoicing processes to ensure timely issuance of progress claims and collection of receivables.

Multi-Year Portfolio Oversight

  • Maintain a consolidated view of Mesiniaga’s project portfolio, tracking financial performance across concurrent projects spanning multiple financial years.
  • Manage period-end close activities relating to projects, including accruals, deferrals, work-in-progress (WIP) reconciliations, and provisions.
  • Coordinate with external and internal auditors on project-related queries during statutory and internal audits.
  • Ensure project financial data is accurately reflected in the ERP/accounting system at all times.

Analysis, Insights & Strategic Advisory

  • Conduct post-project reviews (PIRs) to assess financial performance against original projections, documenting lessons learned for future bids.
  • Build and maintain financial models to support bid pricing, scenario planning, and sensitivity analysis for new project proposals.
  • Provide data-driven recommendations on project structuring, pricing strategies, and resource allocation to maximise profitability on future engagements.
  • Develop and present management dashboards and reports highlighting portfolio health, cash flow outlook, and margin trends.

Stakeholder Collaboration & Governance

  • Act as the primary finance business partner for Project Managers and delivery teams, providing financial guidance throughout the project journey.
  • Participate in project kick-off meetings, monthly project reviews, and steering committee meetings as the finance representative.
  • Support the Finance Manager in ensuring compliance with internal financial controls, procurement policies, and project governance frameworks.
  • Assist in the preparation of Board papers, quarterly forecasts, and annual budgets as they relate to the project portfolio.

Requirements

  • Bachelor’s Degree in Accounting, Finance, Business Administration, or a related field.
  • Professional qualification (ACCA, CIMA, CPA, or MIA membership) is an advantage.
  • 3 to 5 years of relevant experience in project finance, cost control, management accounting, or financial analysis — preferably within the ICT, technology services, engineering, or professional services sector.
  • Demonstrated experience in budget management and financial reporting across multi-year, multi-project environments.
  • Exposure to government and corporate procurement environments, including contract-based revenue recognition, is highly desirable.
  • Experience working closely with non-finance project stakeholders and translating financial data into business-friendly insights.
  • Technical Skills:
  1. Project cost control & budget management
  2. Financial modelling & scenario analysis
  3. Revenue recognition (MFRS 15 / IFRS 15)
  4. Management & project accounting
  5. Forecasting & variance analysis
  6. ERP systems (SAP, Oracle, or equivalent)
  7. Advanced Microsoft Excel

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