Assistant ManagerSenior Executive, Finance (Bank Reconciliation)

Income Insurance Limited; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A financial services company in Singapore is seeking a Finance Manager to oversee bank reconciliations and enhance financial processes. This role demands 4-5 years of experience in Finance/Accounting, with strong proficiency in SAP and Excel. You'll be responsible for managing discrepancies, preparing reports, and supporting audits. Ideal candidates will have proven leadership abilities, analytical skills, and expertise in cash management and financial controls. This full-time position offers an opportunity to drive improvements in financial operations.

Qualifications

• At least 4-5 years of experience in Finance/Accounting role.
• Strong expertise in bank reconciliation, cash management, and financial controls.
• Proven ability to manage projects and lead UAT/testing activities.

Responsibilities

• Perform and review daily/monthly bank reconciliations.
• Investigate and resolve discrepancies and variances.
• Prepare reconciliation statements and reports.

Skills

Bank reconciliation

Cash management

Financial controls

Analytical skills

Problem-solving skills

Education

Degree/Diploma in Finance/Accounting

Tools

SAP

Microsoft Excel

Job description

Key Responsibilities include:

• Perform and review daily/monthly bank reconciliations
• Investigate and resolve discrepancies and variances
• Process manual journal entries relating to banks in SAP system
• Ensure all bank-related transactions are properly accounted for and outstanding items are cleared up on a timely basis
• Liaise with relevant stakeholders on adjustments queries & variances
• Support UAT and system enhancements
• Prepare reconciliation statements and reports
• Assist during audits and respond to queries
• Oversee and review daily and monthly bank reconciliation activities performed by the team
• Validate accuracy and completeness of reconciliations journal entries and variance resolutions
• Lead testing and quality assurance for system enhancements process changes and UAT activities
• Drive automation and process improvements to enhance efficiency and reduce risk
• Manage cash flow forecasting and fund transfers
• Ensure compliance with regulatory requirements and internal policies
• Serve as escalation point for complex issues and partner with business units to resolve reconciliation issues and improve end to end processes.
• Liaise with auditors regulators and internal stakeholders on reconciliation and treasury matters
• Prepare and review reconciliation statements
• Act as deputy for the Bank Reconciliation ensuring continuity of operations
• Supervise mentor and provide coaching for junior team member

Qualifications:

• At least 4-5 years of experience in Finance/Accounting role
• Possess a Degree/Diploma in the field of Finance/Accounting
• Advanced knowledge of SAP and proficiency in Microsoft Excel
• Good analytical and problem-solving skills
• Strong expertise in bank reconciliation cash management and financial controls
• Proven ability to lead teams and drive process improvements
• Proven experience in managing projects and leading UAT/testing activities

Required Experience: Manager

Employment Type: Full-Time

Vacancy: 1