Accountant Jobs in Malaysia (POEA-approved): Clean & Explore Paradise 🇲🇾✨
Filipinos! Rewarding Accountant in Malaysia (POEA)! Explore a beautiful Southeast Asian nation while you work. Filipinos looking for OFW opportunities can find rewarding work here.
Work abroad as a Filipino accountant in Malaysia
Working as an OFW accountant in Malaysia offers a unique blend of professional growth and cultural experience. Malaysia's economy is diverse, with a strong emphasis on sectors like manufacturing, finance, and services, creating a robust demand for skilled accountants. The country’s strategic location in Southeast Asia makes it a hub for multinational companies, providing ample opportunities for accountants to work in dynamic and international environments. The Malaysian accounting industry is governed by the Malaysian Institute of Accountants (MIA), ensuring that professionals adhere to high standards of practice. Additionally, the cost of living in Malaysia is relatively lower compared to other Asian countries, making it an attractive destination for OFWs seeking to maximize their earnings and savings.
Keypoints:
- High Demand: Malaysia's diverse economy creates a strong demand for accountants.
- Professional Growth: Opportunities to work with multinational companies.
- Regulated Industry: Governed by the Malaysian Institute of Accountants (MIA).
- Cost of Living: Relatively lower cost of living compared to other Asian countries.
Demand: High
Malaysia's diverse economy and the presence of multinational companies create a strong demand for skilled accountants.
Growth: Moderate
While the demand for accountants is high, the growth rate is moderate due to the steady supply of local graduates entering the profession.
Job Overview
Job Description
- Prepare and examine financial records to ensure accuracy and compliance with Malaysian regulations.
- Manage and oversee the daily operations of the accounting department, including accounts payable/receivable, general ledger, and payroll.
- Develop and implement financial strategies to optimize the company's financial performance.
- Conduct audits and provide recommendations for improving financial processes and controls.
- Prepare detailed reports on financial status, including income statements, balance sheets, and cash flow statements.
- Assist in budget preparation and financial planning processes.
- Ensure timely and accurate filing of tax returns and compliance with local tax laws.
- Collaborate with other departments to support overall business goals and objectives.
- Provide financial analysis and forecasting to support decision-making processes.
- Stay updated with the latest accounting standards and regulations in Malaysia.
Qualifications
- Bachelor's degree in Accounting, Finance, or a related field.
- Professional certification such as CPA, ACCA, or equivalent is preferred.
- Minimum of 3-5 years of relevant accounting experience.
- Proficiency in accounting software and Microsoft Office Suite.
- Strong understanding of Malaysian financial regulations and tax laws.
- Excellent analytical and problem-solving skills.
- High level of accuracy and attention to detail.
- Strong communication skills in English; proficiency in Malay is an advantage.
- Ability to work independently and as part of a team.
- Valid work visa for Malaysia.
How it works
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Sign Up
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Complete Your Profile
Build your OFW profile once—no need to print resumes or manually apply to multiple recruitment agencies. Kami na ang bahala sayo! LayagOFW will serve as your own digital resume to attract licensed recruitment agencies.
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Let Agencies Find You
With your profile in our system, recruitment agencies can easily find you for their job openings. Get matched with agencies and jobs nang walang hassle. Mas pinadali ang finding jobs abroad! You will receive notifications for shortlisted jobs and start your application process quickly.
Requirements
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- Bachelor's degree in Accounting or Finance from a recognized institution.
- Professional certifications such as CPA (Certified Public Accountant) or ACCA (Association of Chartered Certified Accountants) are highly preferred.
- Advanced degrees like a Master's in Accounting or an MBA with a focus on finance can be advantageous.
- Coursework in Malaysian tax laws and financial regulations is beneficial.
- Familiarity with International Financial Reporting Standards (IFRS) is often required.
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- Minimum of 3-5 years of professional experience in accounting or finance roles.
- Experience working with Malaysian financial systems and tax regulations is highly desirable.
- Proven track record in financial reporting, auditing, and compliance.
- Experience with accounting software such as SAP, QuickBooks, or MYOB.
- Prior experience in multinational companies or cross-border financial transactions is a plus.
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- Proficiency in English is mandatory for communication and reporting purposes.
- Knowledge of Bahasa Malaysia is highly advantageous for local interactions and understanding regulatory documents.
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- Completion of training programs in Malaysian tax laws and financial regulations.
- Ongoing professional development courses in accounting standards and practices.
- Training in the use of advanced accounting software and financial tools.
- Workshops or seminars on international financial reporting standards (IFRS).
- Continuous education in emerging financial technologies and trends.
Compensation
Filipino accountants working in Malaysia often receive various benefits to support their transition and living expenses, including:
- Health Insurance: Comprehensive health coverage is often provided, covering medical, dental, and vision care. This benefit is typically mandatory.
- Housing Allowance: Many employers offer a housing allowance to help cover living expenses. This benefit is usually optional but common.
- Transportation Allowance: Some companies provide a transportation allowance or company car to ease commuting costs. This benefit is optional.
- Annual Leave: Employees are entitled to paid annual leave, which varies by company but is generally around 14-20 days per year. This benefit is mandatory.
- Performance Bonuses: Performance-based bonuses are often given to reward exceptional work. This benefit is optional and varies by employer.
- Professional Development: Employers may offer opportunities for further education and training, including covering the costs of certifications and courses. This benefit is optional.
- Trainee salary of accountant in Malaysia
- ₱30,000.00
- Minimum salary of accountant in Malaysia
- ₱40,000.00
- Maximum salary of accountant in Malaysia
- ₱60,000.00
- Note: job offers and specific salary vary from job orders and agencies. Be sure to ask these information during the interview.
What you need to prepare
Applicants are required to present their original documents for verification of documents before forwarding the résumé to the employer.
| Document | Description | Mandatory | Agency Assistance |
|---|---|---|---|
| Passport | Valid for at least 6 months from the date of entry. | Yes | No |
| Employment Contract | Signed by both employer and employee. | Yes | Yes |
| Work Visa | Issued by the Malaysian Immigration Department. | Yes | Yes |
| Medical Certificate | Health clearance from an accredited medical facility. | Yes | Yes |
| Academic Credentials | Certified true copies of diplomas and transcripts. | Yes | No |
| Professional License | Valid accounting license from the home country. | Yes | No |
| NBI Clearance | Clearance from the National Bureau of Investigation. | Yes | No |
| POEA Clearance | Clearance from the Philippine Overseas Employment Administration. | Yes | Yes |
| Pre-Departure Orientation Seminar (PDOS) Certificate | Proof of attendance in a mandatory seminar. | Yes | Yes |
| Travel Insurance | Coverage for the duration of the stay. | No | No |
Culture of work
Cultural Norms and Expectations in the Workplace
- Respect for Hierarchy: Malaysian workplaces often have a clear hierarchical structure. Respect for seniority and authority is important.
- Punctuality: Being on time for meetings and work is highly valued.
- Dress Code: Business attire is generally expected in professional settings.
- Communication: Politeness and indirect communication are common. Avoid confrontational or aggressive behavior.
- Work-Life Balance: While dedication to work is important, Malaysians also value family time and personal life.
Tips on Adapting to the Work Environment
- Learn Basic Malay: While English is widely spoken, knowing basic Malay can help in daily interactions.
- Respect Cultural Practices: Be aware of and respect local customs and traditions, especially during festivals and religious events.
- Network: Building professional relationships can help in career advancement and adapting to the new environment.
- Stay Open-Minded: Embrace the cultural diversity and be open to learning from different perspectives.
- Seek Support: Join expatriate communities or professional groups for support and networking opportunities.