Assistant Finance Manager

Top-Mix Concrete Pte Ltd; Singapore; On-site; SGD 70,000 - 100,000; Full time

Job summary

A leading company in the concrete industry seeks a Financial Manager to oversee operations for various entities. This role involves managing finance activities, supervising a team of accountants, and ensuring compliance with financial standards. Candidates should have a Bachelor's degree in Accountancy or ACCA and a minimum of 6 years of relevant experience in finance.

Qualifications

• A minimum of 6 years of relevant experience in finance or accounting.
• Proficient in overseeing financial operations and managing teams.
• Experience in liaising with auditors and tax agents.

Responsibilities

• Oversee day-to-day operations of finance for multiple entities.
• Manage and coach accountants in the Ready-Mix Concrete business.
• Review financial reports and analyze management information for insights.

Education

Bachelor's degree in Accountancy or ACCA

Job description

Job Responsibilities

• Oversee day-to-day operations of Finance for Singapore entities (TMS, TMM, R&P, RPT, and 5 inactive entities), review and approve journal vouchers, balance sheet schedules, bank reconciliation, and GST submissions.

• Manage, supervise, and coach accountants for the Ready-Mix Concrete business in Singapore and Malaysia, ensuring the execution of their roles and functions.

• Review and update materials circulated to the Integral Cement and Ready-Mix Concrete Operation Committee, DGM, Technical Head, and CEO for quarterly performance reviews.

• Liaise with China entities regarding e-payment arrangements and related matters.

• Coordinate with the Sales Team and legal advisors on credit control matters, including long-outstanding issues, legal actions, legal advice, issuing internal demand letters, and following up on legal proceedings.

• Attend fortnightly credit control meetings with the sales team and provide recommendations/actions for overdue limits and terms.

• Conduct daily credit control monitoring for TMS/TMM and recommend actions for overdue accounts.

• Review new and annual credit applications, providing recommendations based on financial analysis and market/SGX/media information.

• Liaise with internal auditors to establish, review, and improve accounting procedures and internal controls for the entities in charge.

• Maintain CDP shareholding tracking reports.

• Review and analyze management reports to provide insights for timely decision-making and identify cost optimization opportunities.

• Review tax computations and related matters for the entities.

• Assist in preparing budgetary costing and ROI analyses for new projects.

• Streamline reporting requirements across entities, standardizing report formats and eliminating non-value-adding reports.

• Liaise with auditors, company secretaries, and tax agents on corporate and tax matters.

• Participate in ERP system implementation and enhancements.

• Manage administrative tasks such as E-Bacs, Corporate Pass, credit searches, and other governmental access permissions.

• Handle ad-hoc matters assigned by the Finance Manager or GFC, including feasibility studies.

Job specifications / minimum qualifications

• Bachelor's degree in Accountancy or ACCA

• Minimum 6 years of relevant experience

Accountabilities/KPIs

• Financial KPI: Assist accountants in maintaining a maximum 5 working days for financial closing.

• Non-Financial KPIs:

o Timely monthly reporting;

o Streamlining and reducing the number of reports maintained by each accountant;

o Ensuring financial reports adhere to latest standards and group policies.