Senior/Assistant Technical Director, Financial Reporting & Standards Department

Accounting and Corporate Regulatory Authority; Singapore; On-site; SGD 70,000 - 100,000; Full time

Job summary

The Accounting and Corporate Regulatory Authority is seeking skilled professionals to improve Singapore's financial reporting quality. Candidates should possess at least 5 years of accounting or financial investigation experience, strong analytical skills, and a passion for compliance. Join ACRA to make a meaningful impact on the financial landscape of Singapore.

Qualifications

• Minimum 5 years’ experience in application of accounting standards and financial reporting.
• Experience in accounting for collective investment schemes or financial investigation is essential.
• Strong interest and knowledge of accounting and valuation standards.

Responsibilities

• Investigate potential non-compliance with accounting standards of listed companies.
• Develop policies to improve financial reporting quality in Singapore.
• Work with stakeholders to ensure high compliance with accounting standards.

Skills

Analytical skills

Attention to detail

Communication skills

Job description

What you will be working on:

Investigate potential non-compliance with accounting standards in the financial statements of mainly listed companies:• Monitor news relating to or announcements of listed companies;• Perform review of financial statements and together with more experienced officers, identify potential material non-compliance with the accounting standards and other laws;• Enquire with company directors (in writing and meeting) on the accounting treatments of major transactions and balances;• Evaluate directors' responses and form a view on whether there is a material non-compliance with accounting standards;• Together with valuation experts, identify major valuation issues during review of financial statements and form a view on whether there is material non-compliance with accounting standards;• Prepare documents, present and facilitate discussion with accounting panel(s) and valuation panel; and• Together with legal officers and other enforcement agencies, perform investigation and prepare cases for court proceedings. This includes conducting taking statements of persons of interest and preparing investigation reports for recommendation of appropriate sanctions.Develop policies and work with stakeholders to develop a progressive and forward-looking financial reporting ecosystem in Singapore:• Assist with the development of medium to long-term roadmap to improve the quality of financial reporting in Singapore;• Drive and/or provide inputs on the proposed changes to financial reporting requirements in Companies Act, Listing Rules and other regulations;• Review and develop policies to achieve high compliance with accounting standards in Singapore; and• Work with stakeholders and other regulatory bodies to advocate and achieve high compliance with accounting standards in Singapore.• Embrace design thinking, data analytics and digital solutions to monitor compliance with accounting standards, identify potential non-compliance, analyse common non-compliances and streamline our work processes.

What we are looking for:

• Passion and drive to be part of the team responsible for improving the quality of financial reporting in Singapore.• Minimum of 5 years’ experience in the application of accounting standards for financial reporting, including some accounting experience for authorised collective investment schemes (for example, funds, real estate investment trusts) and/or business trusts; or minimum 5 years’ experience in financial investigation and/or accounting forensic experience.• Good knowledge of accounting standards and a strong interest to deepen it. Knowledge of valuation standards will be an added advantage. Training and support will be provided.• Reliable, independent and driven by challenges in a fast-paced environment.• Eye for detail, as well as a questioning and analytical mind.• Strong written and communication skills.

About Accounting and Corporate Regulatory Authority

At ACRA, we make Singapore a trusted and best place for business. Our people are proactive self-starters, empowered to create value and grow their careers in an environment that fosters trust and respect. Join us to make a difference! We now have the following exciting career opportunity available. You may also visit our career page at https://www.acra.gov.sg/careers to find out more about other career opportunities.