Financial Analyst

Maybank; Singapore; On-site; SGD 50,000 - 80,000; Full time

Job summary

A leading financial services company is looking for a Financial Analyst in Singapore. The role involves analyzing financials to support decision-making, managing cost allocation processes, and preparing financial reports for Wealth Management. Candidates should have a bachelor’s degree in finance or accounting, along with strong analytical skills and proficiency in financial reporting. This position presents an opportunity to work within a dynamic team and contribute to strategic financial initiatives.

Qualifications

• Strong analytical skills required for financial analysis.
• Proficiency in financial reporting essential.
• Experience with multi-regional cost allocation processes preferred.

Responsibilities

• Review and refine cost allocation methodologies.
• Compute and prepare monthly regional cost allocation.
• Maintain allocation models according to organizational changes.
• Analyze and report financial performance for Wealth Management.
• Prepare management reports for committees.

Skills

Analytical skills

Financial reporting

Cost allocation processes

Education

Bachelor’s degree in finance or accounting

Professional accounting qualifications (ACCA, CPA, ICAEW, CIMA)

Job description

Role Overview

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. The role includes managing the end‑to‑end process of regional cost allocation for all members of Group Wealth Management, Tribes, and Centre of Excellence (COEs), ensuring accurate, timely, and transparent cost allocation across markets and acting as the key liaison with in‑country finance teams in Singapore, Malaysia, and Indonesia.

Key Responsibilities

• Review and refine cost allocation methodologies to ensure fairness, transparency, and alignment with business priorities, and maintain and update Standard Operating Procedures (SOPs) for consistent application across markets.
• 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 versus 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 teams in SG, MY, ID (and future countries where applicable) to validate applicable cost allocation and ensure proper postings in respective ledgers.
• Engage relevant 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.
• Ensure compliance with Group Finance policies and audit requirements, serving as the key liaison for audit and tax related matters.

Qualifications

A bachelor’s degree in finance, accounting, or professional accounting qualifications such as ACCA, CPA, ICAEW, CIMA or equivalent is strongly preferred. Candidates should have strong analytical skills, proficiency in financial reporting, and experience working with multi‑regional cost allocation processes.