RESPONSIBILITIES:
Ensuring all MIS/Financial reporting is in compliance with the Singapore/International Financial Reporting Standards and Singapore Income Tax Regulations
Financial Analysis
- Prepare/review/analyse the Financial Management Reports
Daily/ Weekly
- Review and approve daily rates uploaded in FCC.
- Review Nostro Reconciliation, and ensure promptly follow-up action to resolve un-reconciling items via emails to respective stakeholders
- Reviewer of Invoices payment and staff reimbursements, in compliance with the respective Finance & Accounting Guidelines and Policies of payments.
Monthly
- Preparation of MB17 information and review the reasonableness of individual / collective impairment loss and upload the allocation of impairment loss by BU entries to SAP.
- Preparation of CPM File - Loans, Deposits and Fees and upload of internal pricing entries to SAP
- Preparation Financial Performance for Management and FICON on monthly and quarterly basis
- Assist to prepare the Financial Flash
- Assist to prepare M-O-M variances of Financial Performance by the stipulated timeline
- Assist to prepare the monthly Branch Meeting slides and commentaries
- Assist to prepare and track the Business Units performance versus the Budget/Plan, and advise accordingly on each unit performance to the Chief Executive Officer of the Branch.
- Assist in monitoring of actual OPEX against plan and communicate to the respective HOD on the OPEX usage on a monthly basis.
- Work closely with relevant stakeholders and Business partner to Business Units by providing value-added inputs and advises
- Main contact person for CB businesses in providing inputs to stakeholder's queries and assist to provide variance analysis on the financial performance of CB.
- Preparation of Income by BU including the reconciliation from Local Book to Performance Book. Understand the various drivers resulting in the differences between Local Book to Performance Book.
- Preparation of monthly tax computation and provide analysis for any huge movements in the monthly provision amount.
Yearly
- Assist in the preparation of the lead schedule of the annual Financial Statements and co-ordinate within the department in the preparation of the disclosures sections and supporting workings.
- Assist in providing information to KPMG Tax agent pertaining to the Singapore Corporate Tax submission to the Inland Revenue Authority of Singapore
- Assist in the Yearly Budget and 5-years forecast
- Assist in the Year-end Audit (KPMG), Internal & HO Auditors
- Other Duties:
- To perform any other duties as may be assigned by the superior from time to time
- Assist in other ad-hoc projects that are driven by Finance & Accounting Department
REQUIREMENTS:
- Strong Financial Accounting Skills (CA Singapore)
- Knowledge and understanding of banking products and their accounting treatments.
- Management accounting skills, incorporating cost and profitability analysis.
- Knowledge and understanding of the SAP and FCC Systems.
- Knowledge and understanding of Singapore/International Financial Reporting Standards, internal management reporting requirements and Singapore Income Tax Implication.
- PC skills, especially Microsoft Excel, Microsoft Access and PowerPoint.
- Strong interpersonal and communication skills.
