Finance Executive

Energy Market Authority (EMA); Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A dynamic and experienced Finance Executive is sought for the Energy Market Authority in Singapore. This role involves accounting, financial reporting, cash management, and compliance within a start-up environment. The successful candidate will support the gas business and contribute to system implementation efforts.

Qualifications

• Minimum 3-5 years of experience in accounting, finance or treasury positions.
• Experience in a trading or commodity environment is a plus.

Responsibilities

• Prepare monthly accruals and expenditure reports for review.
• Maintain vendor payment listings and ensure timely payment.
• Prepare and submit GST returns in compliance with IRAS.

Skills

Analytical

Problem Solving

Proactive Learning

Education

Degree in Accounting

Professional qualifications (ACCA)

Tools

SAP

MS Office

Job description

Company Overview: The Energy Market Authority (“EMA”) will be centralising the procurement of natural gas to enhance the security, reliability, price competitiveness and stability of natural gas supply for the Singapore power sector, as part of Singapore’s energy transition. A new corporate entity will be set up to be responsible for the centralised procurement of natural gas. We are looking for a dynamic and experienced Finance Executive for the corporate entity.

Position Overview: The successful candidate will be part of the finance team, supporting the gas business in a dynamic start-up environment. This role encompasses a broad range of responsibilities, including accounting, financial reporting, cash management, statutory compliance, invoicing, payment processing, and contributing to system implementation efforts.

Job Responsibilities:

• Month-End Closing:

a. Prepare monthly accruals and expenditure reports for review.

b. Coordinate with departments to gather necessary information for closing activities.

c. Prepare trial balances to ensure accuracy and resolve discrepancies (if any).

d. Prepare inventory accounting journal entries for review.

e. Support any other closing activities as the business evolves.

• Invoicing, Billing and Payments:

a. Maintain vendor payment listings via the PR/PO/GR processes, monitor invoices, and ensure timely payment.

b. Keep accurate records of all vendor transactions, payment confirmations, and correspondence.

c. Generate and process sales invoices for sending to customers.

d. Follow up on outstanding payments and manage collections of receivables.

e. Upload sales and purchase invoices into SAP and the trade management system.

• Bank Reconciliation, Cash Management and Treasury Functions:

a. Support bank reconciliations to ensure the accuracy of cash records.

b. Investigate and resolve discrepancies (if any) between bank statements and company records.

c. Handle treasury functions and daily cash management activities.

• GST Submission and Tax Returns:

a. Prepare and submit GST returns in compliance with IRAS, ensuring timely and accurate filing.

b. Gather necessary financial data, verify the accuracy of calculations, and adhere to submission deadlines.

c. Liaise with tax authorities on GST-related matters, providing necessary documentation and addressing any queries or issues that may arise.

d. Support the preparation and submission of annual tax returns to IRAS.

• Annual Audit and Ad-hoc Support:

a. Assist in the preparation of financial statements for the annual audit.

b. Support and provide external auditors with the necessary documentation.

c. Address audit queries and ensure compliance with audit requirements.

d. Provide support to the Finance team as needed.

• Be part of the ERP system implementation team.

a. Look forward to supporting the Controller in the implementation of business ERP software.

b. Conduct user acceptance testing (UAT) according to project milestones.

Job Requirements:

1. Degree in Accounting, Finance or related field.
2. Professional qualifications (eg: ACCA) is a plus.
3. Demonstrated experience in a similar role.
4. Strong knowledge of accounting principles.
5. Good knowledge in cash management, inventory and procurement processes is a plus.
6. Proficiency in accounting software (eg: SAP) and MS Office.
7. Analytical and problem-solving abilities.
8. Can-do attitude and a proactive learning mindset.
9. Minimum 3-5 years of experience in accounting, finance or treasury positions.
10. Experience in a trading or commodity environment is a plus.