Finance Executive

ifm electronic Pte Ltd; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

An international electronics company based in Singapore is seeking an Accounting Specialist to prepare and analyze financial reports, ensuring compliance with local accounting standards and regulations. The ideal candidate has a Bachelor’s degree in Accounting or Finance, and 3-5 years of related experience. Experience with SAP is preferred. This role requires strong attention to detail and effective communication skills.

Qualifications

• 3-5 years of experience in accounting or finance, ideally with 1-2 years in an audit firm.
• Proficiency in accounting software and MS Office.
• Strong understanding of local GAAP rules.

Responsibilities

• Provide financial information by analyzing data and preparing reports.
• Prepare asset and liability entries per local accounting standards.
• Monitor inventory valuation as per local standards.

Skills

Attention to detail

Effective communication skills

Ability to manage multiple tasks

Strong understanding of accounting principles

Education

Bachelor’s degree in Accounting or Finance

Tools

SAP

MS Office (Excel, PowerPoint)

Job description

Job Responsibilities

• Provide financial information to both local and headquarters group management by analyzing accounting data, preparing reports, and entering data into a group reporting system

• Prepare asset, liability, and capital entries in accordance with local accounting standards

• Monitor inventory valuation in accordance with local accounting standards

• Assess customer creditworthiness prior to granting or extending credit

• Minimize potential bad debt losses by ensuring consistent credit management practices, including a continuous dunning process

• Record financial transactions by accurately entering account information

• Ensure that all office expenses and employee claims are accurately processed and documented in compliance with company policies (e.g., treasury policy)

• Recommend financial actions by analyzing accounting options

• Summarize current financial status by collecting information, preparing balance sheet, profit and loss statement, and other reports

• Substantiate financial transactions by auditing documents

• Maintain accounting controls by preparing and recommending policies and procedures

• Reconcile financial discrepancies by collecting and analyzing account information

• Prepare payments by reviewing supporting documentation and initiating disbursement requests

• Respond to inquiries on accounting procedures by researching and interpreting accounting policies and regulations

• Ensure compliance with local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions

• Prepare special financial reports by collecting, analyzing, and summarizing account information and trends

• Prepare tax filings and ensure timely tax payments

• Additional tasks may be assigned, or other reasonable duties may be performed

Job Requirements

• Bachelor’s degree in Accounting, or Finance preferred

• 3-5 years of experience in accounting / finance, with 1-2 years of experience in audit firm preferred

• Experience with SAP or common accounting software

• Experience in working within an international group / sales organization preferred

• Strong understanding of accounting principles, financial regulations, and best practices

• Knowledge of local GAAP rules

• Proficiency in accounting software and MS Office, particularly Excel and PowerPoint

• Strong attention to detail and accuracy with commitment to keep deadlines

• Ability to handle confidential finance data and information

• Effective communication skills to work with all levels within the organization

• Ability to manage multiple tasks and priorities in a fast-paced environment

• Ability to work both independently and as part of a team