Financial Analyst

Maybank; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading financial institution in Singapore seeks a Financial Analyst to analyze business financials, prepare reports, and manage cost allocations. The individual will refine methodologies for fairness and transparency while liaising with finance teams across multiple countries. Applicants should have 5-7 years of experience in accounting or financial analysis, with advanced Excel skills. Join a dynamic team that values analytical thinking and effective communication.

Qualifications

• 5 to 7 years of experience in management accounting or financial analysis.
• Ability to translate complex financial data into clear insights.
• Experience working with cross-jurisdictional countries.

Responsibilities

• Prepare monthly regional cost allocation for GWM.
• Maintain allocation models and ensure compliance.
• Engage stakeholders on allocation methodology.

Skills

Analytical skills

Problem-solving skills

Communication skills

Excel proficiency

Presentation skills

Attention to detail

Education

Bachelor’s Degree in Finance or Accounting

Tools

Power BI

Tableau

Accounting systems

Job description

The Financial Analyst will be responsible for analyzing business financials, deriving actionable insights to support decision-making, and preparing accurate and timely financial reports for the Wealth Management business, including managing the end-to-end process of regional cost allocation for all members of Group Wealth Management, Tribes and Centres of Excellence (COEs). This role ensures accurate, timely, and transparent cost allocation across markets, and acts as the key liaison with in-country finance teams in Singapore, Malaysia, and Indonesia.

The role will also review and refine cost allocation methodologies to ensure fairness, transparency, and alignment with business priorities, while maintaining and updating Standard Operating Procedures (SOPs) for consistent application across markets.

Responsibilities

• Compute and prepare the monthly regional cost allocation for the GWM Tribes and COE members based on agreed allocation principles
• Maintain and update allocation models to reflect organizational changes, updated headcount, and changes in regional vs in-country scope of work
• Review cost allocation methodology periodically to ensure relevance, fairness, and compliance with Group Finance policies
• Liaise with in-country finance team in SG, MY, ID (and future countries where applicable) to validate applicable cost allocation and ensure proper postings in respective ledgers
• Engage respective stakeholders (HR, finance, etc) on allocation methodology, calculations and entries
• Support in resolving discrepancies, and reconciling variances in financial postings.
• Review, interpret, and analyze monthly, quarterly, and annual financial performance for the Wealth Management business
• Identify trends, variances, and key performance drivers across client segments, products, and markets.
• Perform competitor and market benchmarking to support strategic planning.
• Develop business insights and recommendations for senior management based on financial data
• Prepare management reports for various committees to provide visibility on cost & revenue allocation for GWM, Tribes and COEs
• Involved in preparing budget forecasts for GWM

Requirements

• Bachelor’s Degree in Finance, Accounting or professional accounting qualifications such as ACCA, CPA, ICAEW, CIMA or equivalent is preferred
• 5 to 7 years of relevant experience in management accounting, cost allocation, tax accounting or financial planning & analysis, preferably in banking or wealth management.
• Advanced proficiency in Excel and data visualization tools (e.g., Power BI, Tableau).
• Strong analytical and problem-solving skills with attention to detail.
• Ability to translate complex financial data into clear, actionable insights.
• Excellent communication and presentation skills.
• Ability to work independently and manage multiple priorities under tight deadlines.
• Strong business acumen and understanding of wealth management products and client segments.
• Strong proficiency in Microsoft Excel, and accounting systems
• Strong understanding of cost allocation principles and financial reporting standards
• Good understand and experience working with cross-jurisdictional countries, and multiple stakeholders

Experienced candidates will be considered for a senior position.