Assistant VP (Finance) - United Overseas Bank

United Overseas Bank Limited (UOB); Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading bank in Asia is seeking an experienced Assistant Vice President in Singapore to manage finance operations critical to financial accuracy and compliance. Responsibilities include overseeing cost allocations, revenue recognition, and supporting annual budgets. Ideal candidates hold a degree in Accounting or Finance with 3-5 years of relevant experience. Strong analytical and communication skills, along with proficiency in Excel and SAP, are essential. Join a dynamic team and drive operational efficiency while enhancing stakeholder value.

Qualifications

• 3–5 years of relevant experience in financial operations, controllership or business finance roles.
• Strong understanding of GL, accruals, and financial reporting.
• Ability to work independently and collaboratively across teams.

Responsibilities

• Manage cost allocations to ensure accurate cost ownership.
• Oversee carpark revenue recognition and collection processes.
• Support year-end accruals for accurate financial reporting.
• Champion process innovation through AI and automation.

Skills

Analytical skills

Problem-solving skills

Communication skills

Proficiency in Microsoft Excel

Proficiency in Power BI

Education

Degree in Accounting, Finance, or related field

Tools

SAP

Job description

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values - Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long‑term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

Job Description

CRES - Finance Operations is seeking a dynamic and experienced Assistant Vice President to lead and manage critical finance operations that directly impact financial accuracy, compliance, and continuity in financial processes. This role requires strong judgment and cross‑functional coordination. The AVP will play a key role in strengthening core finance processes, driving operational efficiency, and enhancing stakeholder value.

Financial Operations

• Manage cost allocations across the Group (e.g., electricity, premises, security, cleaning) to ensure accurate cost ownership.
• Perform monthly and year‑end accruals for Enterprise Services and CRES, both as a Controlling Unit and Business Unit.
• Perform quarterly accruals for Income.
• Maintain and monitor the Outstanding Payment List for non‑PO items to reduce overdue payments and support vendor relationships.
• Conduct monthly GL substantiation and Nostro open item reviews to maintain financial integrity and audit readiness and postings.
• Prepare and review monthly GL postings and reclassifications, including rental charge‑outs and adjustments (e.g., Tetra Pak, GS4, carbon credits).

Carpark Revenue & Collection

• Oversee and review monthly carpark revenue recognition and collection processes to ensure timely reporting and liquidity management.

Core Finance Operations

• Handle GFCO‑related matters such as outward payments, inward billings, security deposits, utilities, and fund receipts.
• Ensure quarterly audit confirmations to meet regulatory compliance and internal control requirements.
• Support year‑end accruals and related activities to ensure accurate financial reporting.
• Assist in the Annual Budget Exercise to align financial planning with strategic goals.

Efficiency & Stakeholder Value

• Conduct annual reviews of cost allocation methodologies to identify optimization opportunities and enhance operational efficiency.
• Serve as a key point of contact for finance‑related queries, fostering cross‑functional collaboration and service excellence.
• Champion process innovation through AI and automation to streamline workflows and reduce manual effort.
• Manage ad‑hoc requests and evolving priorities with agility and responsiveness.

Other Duties

• Perform additional responsibilities as assigned to support business goals.

Qualifications & Experience

• Degree in Accounting, Finance, or related field.
• 3–5 years of relevant experience in financial operations, controllership or business finance roles.
• Strong understanding of GL, accruals, and financial reporting.
• Proficiency in Microsoft Excel, Power BI and financial systems (e.g., SAP).
• Excellent analytical, problem‑solving, and communication skills.
• Ability to work independently and collaboratively across teams.

Additional Requirements

Be a Part of the UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non‑merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

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