Job Summary:
A Senior Finance Executive / Accountant in company typically plays a vital role in managing and overseeing financial operations within an organization. This position requires a strong understanding of financial management, budgeting, and analysis, as well as the ability to support strategic decision-making processes.
Job Responsibilities:
. Financial Reporting and Analysis:
- Prepare, review, and analyze financial statements, including profit and loss statements, balance sheets, and cash flow statements.
- Ensure accurate and timely financial reporting in compliance with Singapore Financial Reporting Standards (SFRS) and other regulatory requirements.
- Conduct financial analysis to identify trends, variances, and areas of improvement, providing insights to support decision-making.
. Budgeting and Forecasting:
- Assist in the preparation of annual budgets and periodic forecasts.
- Monitor actual performance against budgets and forecasts, identifying variances and providing explanations.
- Work closely with department heads to ensure adherence to budgetary controls and financial targets.
. Financial Planning and Strategy:
- Support the development and implementation of financial strategies to achieve organizational goals.
- Provide financial insights and recommendations to senior management for strategic planning and business growth initiatives.
- Participate in financial modeling and scenario analysis to assess potential investments, projects, or business opportunities.
. Accounts Management:
- Oversee and manage day-to-day accounting functions, including accounts payable, accounts receivable, general ledger, and bank reconciliations.
- Ensure timely and accurate month-end and year-end closing processes.
- Manage cash flow, working capital, and liquidity to ensure the company meets its financial obligations.
. Taxation and Compliance:
- Ensure compliance with local tax regulations, including the preparation and submission of tax returns (e.g., GST, corporate tax).
- Liaise with tax authorities, external auditors, and other regulatory bodies as needed.
- Stay updated on changes in tax laws and regulations and implement necessary adjustments to financial practices.
. Internal Controls and Audit:
- Develop and maintain robust internal controls to safeguard company assets and ensure the accuracy of financial data.
- Coordinate and support internal and external audits, addressing audit queries and ensuring timely resolution of issues.
- Identify and mitigate financial risks by implementing effective risk management strategies.
Financial Systems and Processes:
- Evaluate, implement, and improve financial systems and processes to enhance efficiency and accuracy.
- Ensure that financial systems are adequately maintained and upgraded as needed.
- Work with IT and other departments to integrate financial data across the organization.
. Stakeholder Communication:
- Prepare and present financial reports to senior management, board of directors, and other stakeholders.
- Communicate financial results and key performance indicators (KPIs) effectively to non-financial stakeholders.
- Support investor relations by providing accurate and timely financial information as required.
Qualification
- Degree in Accounting, Finance, or a related field.
- Professional certification such as CPA, ACCA, or equivalent is preferred.
- At least 5-7 years of relevant experience in finance, accounting, or a similar role.
- Strong understanding of Singapore Financial Reporting Standards (SFRS) and local tax regulations.
- Experience in real estate industry, financial analysis, budgeting, and financial reporting.
Key Skills:
- Advanced proficiency in financial modeling, analysis, and reporting.
- Strong knowledge of accounting principles, taxation, and financial regulations.
- Proficiency in accounting software and Microsoft Excel.
- Strong communication and interpersonal skills, with the ability to convey financial concepts to non-financial stakeholders.
- Attention to detail and a high level of accuracy in work.
