Senior Associate, Financial Accounting

CTBC Bank, Singapore Branch; Singapore; On-site; SGD 52,000 - 78,000; Full time

Job summary

CTBC Bank, Singapore Branch is seeking a detail‑oriented finance professional to ensure timely reporting to Head Office, regulators, and tax agents. You will manage Nostro account reconciliations, prepare journal entries, and process staff reimbursements and vendor payments.

Key responsibilities include preparing HO reports, assisting with disclosures for the annual financial statements, and contributing to automation and SAP upgrade initiatives while maintaining robust controls and precise

Qualifications

• Financial accounting knowledge and skills.
• Familiarity with SAP and FCC systems.
• Understanding of Singapore Income Tax, IFRS/FRS and internal reporting requirements.
• Proficiency in MS Excel, Access and PowerPoint.
• Strong administrative, filing, archiving and communication skills.

Responsibilities

• Daily/monthly/quarterly reconciliation of Nostro accounts and follow-up on reconciling items.
• Prepare journal entries for bank charges and interest income for Nostro accounts (bi-weekly).
• Process staff reimbursements and vendor payments.
• Process intercompany billing from HK branch and settlements.
• Prepare monthly/quarterly HO reports ensuring accuracy and completeness.
• Assist disclosures for annual financial statements.
• Support Nostro reconciliation automation projects.
• Assist in SAP upgrade project.
• Perform other duties as assigned.

Skills

Financial accounting skills

SAP

FCC Systems

Singapore tax & IFRS/FRS knowledge

Excel

Access

PowerPoint

Interpersonal & communication

Tools

SAP

FCC Systems

Job description

CTBC Bank, Singapore Branch Your Career Our Future

JOB PURPOSE:

To ensure prompt submission of accurate reports to Head Office, Regulators and Tax agent. Ensure accurate and timely processing of staff reimbursement, and Vendors payments

PRINCIPAL ACCOUNTABILITIES:

• Daily/Monthly/Quarterly Reconciliation of All Nostro Accounts and timely follow-up of outstanding reconciling items.
• Preparer of Journal entries for bank charges and interest income on a regular basis for the above Nostro Accounts. (Bi-weekly)
• Reimbursement of Branch’s staff claims timely
• Processing of Branch’s Vendor Payments/Journal entries
• Processing of Interco billing from HK branch including settlement of the billing.
• Preparer of Monthly/Quarterly HO reporting, and ensure accuracy and completeness: MB-2 Derivatives Nominal Trading Volume MB-15 Loan Classified by Debtor Country/Region to HFM MB-20 Claimed Debts MB-21 Restricted Assets AI-397 Exposure of Nostro Account Balance QB-9 Financial Health Index QB10 Statistics of Securitized and Structured Products QB-13 Treasury Transaction Report Yearly
• To assist in the preparation of disclosures on Annual Financial Statements
• Involve Nostro reconciliation automation project
• Involve in the SAP Upgrade Project
• To perform any other duties as may be assigned by the superior from time to time

KEY COMPETENCIES:

• Financial accounting skills
• Knowledge and understanding of the SAP and FCC Systems
• Knowledge and understanding of Singapore Income Tax requirements, International Accounting Standards, Financial Reporting Standards in Singapore (‘FRSs’), and internal management reporting requirements
• PC skills, especially Microsoft Excel, Microsoft Access and Powerpoint
• Administrative (filing/archiving), interpersonal and communication skills

CTBC Singapore Branch has been in operation since 2009. It has approximately 200 employees across corporate & private banking, and is a key financial hub amongst CTBC branches and subsidiaries in the Asia Pacific region. Originally established as China Securities Investment Corp. in 1966, it was restructured into CTBC Bank Co., Ltd. in 1992, CTBC Bank has been building customers’ wealth and Taiwan’s economy for over half a century now. In that time, it has grown into an international force offering a comprehensive suite of financial services. Guided by the business principles of integrity and caring, our Bank has a proud history punctuated by regular achievements and innovative services. From issuing the first credit card in Taiwan to setting up the first customer service center of any bank in the country, we have led the way in the financial industry’s transformation, particularly by promoting the digitalization of business processes. As of the end of 2023, the Bank’s consolidated assets totaled NT$6.05 trillion, the most among all privately owned banks in Taiwan. It is also the best-performing bank in other indicators, such as profits, tier 1 capital, and client base. Spanning 14 countries and regions, CTBC Bank has the most extensive international presence of any Taiwanese bank, with over 370 outlets worldwide. With a subsidiary, The Tokyo Star Bank, purchased in Japan and CTBC Bank subsidiaries established in the U.S., Canada, Thailand, the Philippines, and Indonesia, the Bank has laid a strong foundation for regional business, providing international enterprises with comprehensive transnational financial services. Furthermore, in support of the Taiwanese government’s New Southbound Policy, the Bank has proactively expanded its South and Southeast Asian business in recent years by leveraging its existing branches in Vietnam, India, and Singapore. It also increased its shareholding in a local Thai operator, LH Financial Group Public Company Limited (LHFG), to 46.6%, making it the largest shareholder of the group. The Bank further obtained more than half of the seats of the Board in October 2021. Meanwhile, in Greater China, the Bank is cultivating business in the Yangtze River Delta Economic Zone and the Guangdong–Hong Kong–Macau Greater Bay Area, with Shanghai at the heart of its expansion into the Chinese market. Together, these advances abroad are providing our customers with a more convenient and comprehensive service network. Looking ahead, we’re determined to continue leading the industry in digitalization, leveraging fintech and Big Data to drive innovation and create entirely new and engaging digital experiences for our customers. We will also continue to expand our efforts in operational performance, corporate governance, corporate social responsibility, and environmental sustainability as we cement our status as “Taiwan Champion, Asia Leader.”