OFFICER ACCOUNTS

BANK OF INDIA; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading banking institution located in Singapore seeks an Officer in Accounts to manage regulatory reporting and ensure compliance with financial regulations. Responsibilities include preparing regulatory returns, processing payroll, and conducting customer due diligence. Ideal candidates should possess strong skills in accounts payable, Microsoft Office, and financial reporting. This position offers a chance to be an integral part of the finance team in a dynamic banking environment.

Qualifications

• Strong knowledge of accounts payable and accounts receivable functions.
• Experience with regulatory submissions and compliance regulations.
• Proficient in Microsoft Excel for financial reporting.

Responsibilities

• Prepare complex regulatory returns and handle audit exercises.
• Oversee daily computation of regulatory ratios and requirements.
• Manage salary processing and staff records efficiently.

Skills

Accounts Payable

Microsoft Office

Microsoft Excel

Due Diligence

Tax

Payroll

Bank Reconciliation

Financial Reporting

Job description

Job Scope of Officer – Accounts

• Preparation of complex Regulatory Returns within the deadlines (MAS 610/ MAS 649 fortnight, monthly, quarterly, half yearly and annually reports along with various surveys.
• Daily computation of regulatory ratios / requirement like AMR/MLA/MCB/ACU/DBU.
• Timely preparation of quarterly closing returns along with handling complete Audit exercise (Quarterly as well as annually).
• Statements for Head Office and RBI reporting.
• Reconciliation/Dealing Backup & treasury operations reporting.
• Maintenance of office records / Property maintenance records along with all furniture details.
• Processing of salary and various claims. Maintaining of staff records, payment of salary, bonus etc., to staff, proper maintenance of leave records, issuance of itemized pay slips, providing good working conditions, providing safety to staff.
• Working in HRMS system.
• Onboarding of new vendors along with raising tender and payments for Singapore as well as Vietnam Centre.
• Calculation of Estimated Chargeable income, filing tax returns and arranging for funds for payment of income tax as per the agreed terms with IRAS.
• Preparation, modification and updating of policies as per latest MAS guidelines.
• Submission of various surveys conducted by MAS, MOM and other Govt. departments.
• Performing Customer Due Diligence (CDD). To perform due diligence on Corporate/Retail Customer (High/Medium/Low risk as per the frequency & allocated number of customers. To perform Audit of due diligence performed by Relationship Officer for Retail Customer.
• To follow-up for documents/related paper pertaining to CDD.
• Review of Outsourced Service Providers related to document warehouse.
• Scanning machines are kept in working conditions. Documents to be scanned of various departments are collected in some predefined manner and are stored properly. Only authorized persons are given access to these documents. Scanned documents are stored / saved properly and backups are taken at fixed intervals.
• Maintaining proper access & control system for documents.
• Updation of latest Regulatory & local guidelines while performing various tasks.
• Adequate care of the premises and furniture and fixtures is taken. Various charges including rent to be paid to the Building Management are paid in time. The properties are insured adequately. Renewal of lease deed.

Tell employers what skills you have

• Accounts Payable
• Microsoft Office
• Microsoft Excel
• IRAs
• Due Diligence
• Tax
• Journal Entries
• Payroll
• Bank Reconciliation
• Accounts Receivable
• Accounting
• Financial Statements
• Income Tax
• Bookkeeping
• Team Player
• Financial Reporting
• Surveys