CRESA Financial Analyst

eTeam APAC; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A financial services company in Singapore is seeking a Financial Analyst for a 6-month renewable contract. The successful applicant will prepare rental payments, analyze financial data, and improve budgeting processes. With approximately 5 years of experience needed, candidates should be skilled in variance analysis and collaboration. The role offers a salary budget of $5K to $10K and is located at Changi Business Park.

Qualifications

• Approx. 5 years of experience in financial analysis or related field.
• Strong ability to derive insights from data and communicate findings.
• Experience in rental payments or notional occupancy charges is preferred.

Responsibilities

• Prepare monthly rental payments and provide insights into anomalies.
• Collaborate with teams to allocate costs accurately.
• Derive NOC rates, coordinating budget cycles with various teams.
• Investigate issues related to NOC and rental payments.
• Participate in redesigning NOC processes for efficiency.

Skills

Analytical skills

Collaborative teamwork

Variance analysis

Financial reporting

Tools

CoStar

PlanOn

MIS systems

Job description

CRESA Financial Analyst

Contract Duration: 6 months (renewable based on performance)

Location: Changi Business Park

Salary Budget: Open. $5K to $10K

Working Hours: 8.30am to 6.00pm

Years of Experience Required: ~5 years

Mandatory as per MOM guidelines.

Responsibilities

• Prepare monthly rental payments to landlords and provide analytic insights to anomalies and variances.
• Collaborate with Portfolio Planning team to derive accurate and timely NOC cost to allocate to Business and Support units in DBS.
• Responsible for deriving the NOC rates for Office and Retail branches, inclusive of coordinating Portfolio Planning and CBRE teams during budget cycle.
• Assist in investigating queries and issues relating to NOC and Rental payments.
• Participate actively in the re-design of NOC process, clearly defining the Occupancy chargeback methodology.

Rental Payment (MUST HAVE)

• Provide MIS support to generate rental payments to facilitate Group Finance team to disburse payments to all landlords of DBS Bank portfolio.
• Ensure that the direct interface from CoStar to PSAP reconciles with the records.
• Perform variance analysis on rental payments to identify any anomalies or lapses.

Notional Occupancy Charges (NOC) (MUST HAVE)

• Coordinate monthly update and retrieval of occupancy data in Plan-On system.
• Provide MIS support to analyse NOC data for anomalies and coordinate with Group Finance team to upload charges to BUSU.
• Responsible for responding to queries from BUSU relating to NOC charges.

NOC Rates Computation

• Drive and initiate budget discussions with Portfolio Planning team.
• Coordinate Space Projection planning and ensure it is duly completed, stipulating the cut-over period.
• Collaborate within CRESA Finance team to derive budget NOC rates, providing insightful analysis on year-on-year movements.

Process Improvement

• Review the NOC process to identify area of improvements and streamlining opportunities.
• Establish a NOC chargeback methodology and documentation.

Project support

• Be the team representative for Group wide deployment of CoStar (Lease Management System) Rent Payment interface & PlanOn Space Management tool.
• Support Group Finance in the development of a CoStar change report to support monthly IFRS16 reporting.