Background of Maybank

Background of Maybank
Maybank, formally known as Malayan Banking Berhad, is one of Malaysia and Southeast Asia's major
banks. It was established on May 31, 1960, by Malaysian business magnate Khoo Teck Puat. The bank
was founded to meet the rising banking needs of the country when it won independence and saw
economic expansion. Maybank began operations with the purpose of offering financial services to
both people and companies. It began by focusing on typical banking activities such deposits, loans,
and trade finance. Maybank has extended its local and foreign businesses throughout the years. It is
widely distributed throughout Southeast Asia, with notable populations in the Philippines, Singapore,
Indonesia, and other nations. With the diversification of its offerings, Maybank now offers a large
array of financial services and products, including investment banking, asset management, insurance,
and Islamic banking.
This diversification has allowed the bank to appeal to a wider range of market groups while
increasing income sources. Maybank, like many other banks, has adopted technology and innovation
to enhance its services and reach. It has invested in digital banking systems, mobile banking apps,
and other technology solutions to improve client experience and operational efficiency. Maybank has
participated in a variety of CSR programs, with an emphasis on education, community development,
environmental sustainability, and other social issues. These initiatives have enabled the bank to
contribute to the wellbeing of the communities it serves. Maybank has garnered various honours and
recognition throughout the years for its performance, innovation, and corporate governance. It is
highly considered as one of the region's top banks. Overall, Maybank's history is interconnected with
Malaysia's economic development and its rise to prominence in Southeast Asia's banking and
financial services industry.
Main duty and responsibilities of Finance assistant
 Financial Data Entry: Inputting financial data into accounting systems accurately and in a
timely manner. This could involve processing invoices, receipts, expenses, and other financial
transactions.
 Reconciliation: Assisting in reconciling bank statements, accounts payable, accounts

receivable, and other financial records to ensure accuracy and completeness.
 Financial Reporting: Helping to prepare financial reports, including balance sheets, income
statements, and cash flow statements. This may involve gathering data, performing
calculations, and organizing information for reporting purposes.
 Budgeting and Forecasting: Supporting the finance team in the budgeting process by
compiling data, assisting in the preparation of budget reports, and possibly helping with
forecasting future financial performance.
 Audit Support: Assisting with audit processes by providing documentation, conducting

inventory checks, and ensuring compliance with internal controls and regulatory
requirements.
 Analysis: Conducting basic financial analysis to support decision-making processes. This

could involve analysing trends, variances, and performance metrics to identify areas for
improvement or potential risks.
 Administrative Tasks: Performing various administrative tasks to support the smooth

functioning of the finance department, such as filing documents, maintaining records, and
organizing meetings.
 Ad Hoc Projects: Assisting in special projects or initiatives as assigned by supervisors or

management. These projects may vary depending on the needs of the department and the
organization.
 Expense Management: Managing and processing employee expense reports, ensuring

compliance with company policies and procedures. This may include verifying receipts,
coding expenses to the correct accounts, and processing reimbursement payments.
 Accounts Payable and Receivable: Supporting accounts payable and accounts receivable
functions by processing invoices, making payments, chasing outstanding invoices, and
reconciling accounts as necessary.

Background of Maybank

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Background of Maybank

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Background of Maybank

Main duty and responsibilities of Finance assistant

 Reconciliation: Assisting in reconciling bank statements, accounts payable, accounts

 Audit Support: Assisting with audit processes by providing documentation, conducting

 Analysis: Conducting basic financial analysis to support decision-making processes. This

 Administrative Tasks: Performing various administrative tasks to support the smooth

 Ad Hoc Projects: Assisting in special projects or initiatives as assigned by supervisors or

 Expense Management: Managing and processing employee expense reports, ensuring

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