Finance Manager, ASI Thailand

JOB TITLE: Finance Manager, Asia-Pacific (ASI Thailand)
REPORTS TO: Head of Finance, Asia-Pacific

LOCATION: Bangkok, Thailand

JOB CONTEXT & PURPOSE

Adam Smith International (ASI) is a global advisory company that works locally to transform lives by making economies stronger, societies more stable, and governments more effective. ASI is headquartered in London, and our Asia Pacific regional office in Sydney was established in 2012, to lead multi-donor business growth and project delivery across the region. In 2024 we are currently operating in 15 Asia-Pacific countries.

In 2021, ASI Australia established a regional representative office in Bangkok, Thailand, to service our growing Southeast Asia portfolio. It is within the Bangkok office that this Finance Manager role will be based, working closely with our colleagues at our APAC Finance team.

The Finance Manager role sits within the Finance function and is responsible for managing Thailand based finance operations, including payroll, statutory compliance, and corporate finance requirements, while also contributing to financial planning, analysis, and management reporting. The role works closely with regional/global finance, People & Talent, and local stakeholders to ensure compliant, efficient, and well governed financial operations in Thailand.

The purpose of the role is to ensure accurate, timely, and compliant financial management of ASI’s Thailand operations, balancing hands on delivery of payroll and statutory obligations with strong financial planning and analytical support. The role provides reliable financial insights to support decision making, ensures compliance with Thai regulatory requirements, and maintains effective relationships with external authorities and internal stakeholders. Through this, the role supports ASI’s ability to operate responsibly, efficiently, and sustainably in Thailand.

KEY RELATIONSHIPS

Internal

• Head of Finance – APAC, Manager - Financial Planning & Reporting

• Regional Finance Team (APAC), including FP&A and Shared Services and the ASI Global Finance leadership

• Head of Southeast Asia, APAC Senior Management Team

• Senior Manager – P&T and the P&T team (including payroll, benefits, visas, and work permits)

• Program Managers, Project Directors, and Budget Holders

• Business Development Teams

External

• Banking partners (including Bangkok Bank)

• Thai Revenue Department (TRD)

• Social Security Office (SSO)

• Department of Business Development (DBD)

• External auditors and professional advisers

• Insurance providers and landlords (as relevant to corporate obligations)

• Government and regulatory authorities supporting visa and work permit processes

KEY TASKS

1. Financial Planning & Analysis (FP&A) and Management Reporting

• Lead budgeting, forecasting, and re forecasting processes for ASI Thailand operations, ensuring alignment with regional and corporate finance requirements.

• Prepare and deliver monthly management reports, including variance analysis, trend analysis, and commentary on financial performance against budget and forecast.

• Provide financial insights and analysis to support decision making by regional management and project leadership.

• Monitor cost controls, cash flow, and financial risks, proactively identifying issues and recommending mitigating actions.

• Partner with program and operational teams to support financial planning, resource allocation, and cost recoverability.

• Support business development activities, including costing, financial inputs to proposals, and post award financial reviews.

• Identify and implement opportunities for continuous improvement, standardisation, and automation of finance and payroll processes, in line with regional systems and controls.

2. Payroll Management and Statutory Compliance (ASI Thailand)

• Manage end to end monthly payroll processing for ASI Thailand based staff, including computation of gross to net salaries, allowances, leave encashment, and deductions.

• Prepare payroll reports, including gross to net reports, variance reports, and payroll reports by department or cost centre.

• Prepare payroll related general ledger entries, including salary journals, annual bonus accruals, and employee retirement benefit accruals.

• Prepare and issue payslips, ensuring accuracy, confidentiality, and timely distribution.

• Calculate and process Social Security Fund contributions (where applicable).

• Manage legal or statutory deductions, including timely submission to relevant authorities.

• Prepare bank payment files and coordinate monthly salary disbursements.

3. Tax, Social Security, and Statutory Reporting

• Prepare, complete, and file monthly personal income tax returns (PND 1) accurately and on time.

• Prepare, complete, and file monthly Social Security Fund submissions.

• Prepare, calculate, and submit monthly withholding tax filings (PND 3 and PND 53), including those related to rent and insurance payments.

• Ensure compliance with all Thai tax, social security, labour, and payroll related legislation, maintaining up to date knowledge of regulatory changes.

• Act as a trusted internal adviser on payroll related laws, taxation, social security, and provident fund matters.

4. Corporate Finance and Accounts Payable

• Manage accounts payable for ASI Thailand corporate expenses, ensuring compliance with internal controls and statutory requirements.

• Process staff expense claims and reimbursements accurately and in accordance with company policies.

• Coordinate regular payments, including rent, insurance, and other recurring corporate obligations.

• Support bank reconciliations and month end close processes for ASI Thailand entities.

5. Audit, Regulatory, and Corporate Administration

• Prepare financial documentation and coordinate the bi annual audits required to maintain local registration and statutory compliance.

• Prepare and submit documentation required for annual visa and work permit sponsorship processes.

• Maintain accurate financial records and documentation to support internal reviews, audits, and external inspections.

• Ensure appropriate internal controls, governance arrangements, and segregation of duties are in place across payroll and finance processes to meet audit and compliance requirements.

6. Stakeholder Engagement and External Liaison

• Act as the primary finance contact with external parties in Thailand, including banks, Social Security Office (SSO), Thai Revenue Department (TRD), Department of Business Development (DBD), and other authorities as required.

• Engage proactively with Bangkok Bank and other service providers to resolve finance, payroll, or compliance matters.

• Communicate effectively in Thai (where required) with local authorities and external stakeholders.

• Collaborate closely with regional finance, shared services, People & Talent, and program teams to ensure smooth financial operations.

• Work closely with regional finance and shared services teams to ensure alignment of processes, data, and reporting requirements.

KEY ACCOUNTABILITIES

1. For the accuracy, timeliness, and integrity of all finance, payroll, and statutory reporting for Thailand operations, ensuring full compliance with local laws and ASI policies.

2. For end to end payroll outcomes, including salaries, statutory deductions, tax filings, social security submissions, and payroll related general ledger entries.

3. For delivering robust budgeting, forecasting, and financial analysis to support effective management decision making and cost control.

4. For meeting all corporate finance obligations, including accounts payable, staff expense reimbursements, audits, and regulatory reporting requirements.

5. For maintaining effective relationships with internal stakeholders and external authorities, and for proactively identifying and escalating financial or compliance risks.