Associate Group Finance

Kumon Asia & Oceania Pte Ltd; Singapore; On-site; SGD 45,000 - 65,000; Full time

Job summary

A leading educational organization in Singapore is seeking an Associate (Group Finance) to support financial functions. The role involves duties such as financial reporting, cash flow management, conducting analysis, and preparing consolidation reports. Candidates should have a degree in accounting and 3-5 years of relevant experience. Strong teamwork, communication skills, and attention to detail are essential for this position, which plays a critical role in ensuring financial accuracy and compliance.

Qualifications

• A bachelor's degree in accounting or relevant certifications like CPA or CFA.
• Possess 3 to 5 years of relevant experience.
• Team player with strong organizational and communication skills.

Responsibilities

• Review monthly closing activities for regional subsidiaries.
• Compile and monitor cash balances for cash flow management.
• Conduct financial analysis to support management decision-making.
• Prepare bi-annual Group Consolidation reports.
• Assist in budget and forecasting preparations.
• Collaborate in the review of internal controls and policies.
• Maintain subsidiary companies' financial books and records.
• Participate in ad-hoc financial projects.
• Collaborate with subsidiaries to gather financial information.
• Continuously identify opportunities for process improvement.
• Assist with audits by providing necessary documentation.

Skills

Accounting Principles

Financial Analysis

Regulatory Compliance

Data Analysis

Attention to Detail

Analytical Skills

Time Management

Communication

Problem-solving

Teamwork

Ethical Conduct

Continuous learning

Education

Bachelor's degree in accounting or equivalent

CPA or CFA certification

Job description

Overview

Kumon is the world's leading after-school enrichment programme. It was founded in 1954 in Japan, and the Kumon Method originated from a father's love for his son. The programme has over 4 million students, and learning opportunities are offered in more than 60 countries and regions worldwide. The main goal of Kumon is to help individuals discover their potential and develop their abilities to the fullest, thus nurturing human capital that will contribute to global society.

If you share the same passion for developing children and seeking a meaningful career that contributes to their development on a global level, Kumon invites like-minded candidates to join as Associate (Group Finance).

Job Purpose:

This role supports the group finance functions by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control framework, and governance processes. It also ensures compliance with statutory and group reporting requirements.

Duties & Responsibilities

• Financial Reporting and Reconciliation: Review monthly closing activities for regional subsidiaries, reconciling intercompany transactions and balances to ensure financial accuracy and compliance.


• Cash Flow Management: Compiling and monitoring cash balances and cash movements for regional subsidiaries, optimising cash flow and liquidity management.


• Financial Analysis: Compiling financial figures and conducting data analysis for regional subsidiaries, providing meaningful insights to support effective decision-making by management.


• Group Consolidation: Preparing bi-annual Group Consolidation reports for audit purposes, ensuring accurate consolidation of financial data across the organization.


• Budgeting and Forecasting Support: Assisting in the preparation of budgets, forecasts, and management reports. Explaining variances between actual results and budgeted/forecasted figures to management.


• Internal Controls and Policy Review: Collaborating in the review of internal controls, financial policies, and operational procedures within regional subsidiaries. Identifying weaknesses and gaps and recommending improvements to enhance efficiency and compliance.


• Subsidiary Bookkeeping: Maintaining subsidiary companies' financial books and records to ensure accurate and up-to-date financial data.


• Ad-Hoc Projects: Participating in ad-hoc financial projects and assignments as needed, contributing to various financial initiatives and providing support where required.


• Communication and Collaboration: Collaborate with subsidiaries to gather and share financial information and ensure that financial goals align with overall company objectives.


• Streamline Processes: Continuously identify opportunities to improve efficiency in the work process.


• Auditing: Assist with audits by providing necessary documentation and explanations.

Knowledge and Skills Requirements

• Accounting Principles: Strong understanding of accounting principles, including knowledge of Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).


• Financial Analysis: Proficiency in financial statement analysis, including the ability to interpret income statements, balance sheets, and cash flow statements.


• Regulatory Compliance: Familiarity with relevant financial regulations and compliance requirements, which may include tax laws and financial reporting standards.


• Data Analysis: Strong data analysis skills to manipulate and interpret financial data using tools like Excel or specialized software.


• Attention to Detail: Meticulousness. Precision in financial data entry, reporting, and analysis to ensure accuracy.


• Analytical Skills: The ability to analyze financial data, identify trends, and draw meaningful insights to support decision-making.


• Time Management: Strong organizational skills and the ability to manage multiple tasks and meet deadlines.


• Communication: Good communication skills are essential for interacting with counterparts in the region, colleagues, and other departments.


• Problem-solving: Ability to identify financial challenges and develop solutions or recommendations.


• Teamwork: Collaboration skills to work effectively with cross-countries within the organization.


• Ethical Conduct: Adherence to ethical standards and confidentiality when handling financial information.


• Continuous learning: A commitment to staying updated with changes in accounting standards and best practices.

Credentials and Experience

• A bachelor's degree in accounting or relevant certifications like Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA).


• Possess 3 to 5 years of relevant experience.


• Team player with strong organizational and communication skills, meticulous and able to meet tight deadlines.