Finance Manager

ROYAL JEWELLERS PTE. LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A reputable jewellery company in Singapore is seeking a Finance Manager to oversee financial activities, ensure compliance with accounting standards, and manage financial reporting. The ideal candidate will have a Bachelor's degree in Accounting or Finance, a professional accounting qualification like CPA or ACCA, and proficiency in accounting software such as Xero. Strong analytical and interpersonal skills are essential for success in this role.

Qualifications

• Bachelor's degree in Accounting or Finance.
• Professional accounting qualification (e.g., CPA, ACCA) preferred.
• Proficiency in accounting software, specifically Xero.

Responsibilities

• Oversee financial activities and ensure compliance with accounting standards.
• Manage the preparation of financial statements and reports.
• Lead the annual budgeting process and monitor budget performance.

Skills

Financial management

Analytical skills

Interpersonal skills

Problem-solving skills

Education

Bachelor's degree in Accounting or Finance

Professional accounting qualification (e.g., CPA, ACCA)

Tools

Xero

Job description

JOB SCOPE AND RESPONSIBILITIES:

1. Overseeing and managing the financial activities of organization.
2. Strong understanding of financial principles, accounting practices, and regulatory requirements.
3. Ensuring the financial stability and growth of the company through effective planning, analysis, and reporting.
4. Overseeing the preparation of accurate and timely financial statements (e.g., income statement, balance sheet, cash flow statement) in accordance with relevant accounting standards.
5. Ensuring compliance with all statutory and regulatory reporting requirements (e.g., tax filings, GST returns, corporate filings ,Minlaw).
6. Managing the general ledger, accounts payable and accounts receivable.
7. Developing and maintaining accounting policies and procedures.
8. Liaising with external auditors and managing the audit process.
9. Ensuring the integrity and accuracy of financial data.
10. Monitoring and managing the company's cash flow position.
11. Preparing cash flow forecasts to ensure sufficient liquidity.
12. Optimizing cash collection and disbursement processes.
13. Managing relationships with banks and other financial institutions.
14. Leading the annual budgeting process, working with department heads to develop realistic and achievable budgets.
15. Monitoring budget performance and implementing cost control measures.
16. Analyzing cost trends and identifying areas for cost optimization and efficiency improvements.
17. Providing regular budget variance reports to management.
18. To carry out all accounting duties in relation to Accounts Receivable / Payables.
19. Implement and monitor rigorous controls over the valuation, physical security, and movement of high-value inventory (gold, silver, diamonds, precious stones).
20. Carry out all accounts verification and to ensure that this is done in detail and with zero error.
21. Liaise with all relevant financial institutions for the purposes of checking or verifying all financial Transactions.
22. Utilizing the in-house accounting software to input and carry out financial transactions and data entry.
23. Preparation of accurate financial reports and to ensure the timely submission of said reports as and when required by the Management.
24. Required to attend all meetings that are arranged by the Management.
25. To work closely with external auditors and bookkeepers to ensure proper accounting procedures and reporting are adhered to.
26. Provide progress reports to the Group CEO as he requires.
27. Contribute to the development of the area of business the department is part of the management team.
28. Prepare gold weight reports, weekly finance reports, and sales reports (covering all in & out transactions).
29. Act as the approving person for all gold installment plans in the absence of the Group CEO.
30. Inform the Group CEO and Finance Director of any discrepancy within five (5) minutes of discovery.
31. Work closely with the Group CEO on all daily transaction matters including check and close transactions every morning or day end and deposit all cash to the bank.
32. Conduct audits that include not only weekdays but also weekends.
33. Maintain strict finance reports.
34. Represent the Company for all gold collection and receiving transactions.
35. Only collect or receive gold under the direct instruction/permission by the Group CEO.
36. You shall also carry out any other duties and responsibilities assigned to you by your Department Head and/or upper management as and when required.

Qualifications:

• Bachelor's degree in Accounting or Finance.
• Professional accounting qualification (e.g., CPA, ACCA).
• Proficiency in accounting software (e.g. Xero).
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills.