Senior Manager, Finance

EdirectInsure Group; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

A leading financial services company in Singapore seeks an experienced Finance Manager to lead Financial Planning & Analysis, Financial Control, and Tax functions. The ideal candidate will have 10-12 years of experience in financial accounting or auditing, with a preference for insurance and Big 4 backgrounds. Responsibilities include managing daily finances, compliance oversight, and strategic financial planning.

Qualifications

• Minimum 10-12 years in finance-related fields, with 5 years in MNC or financial services.
• Experience in the insurance industry or with Big 4 accounting firms is preferred.
• Strong analytical and quantitative skills.

Responsibilities

• Lead financial planning and analysis for company operations in Singapore.
• Manage daily operations of financial accounts and ensure compliance.
• Develop financial reports and provide guidance to stakeholders.

Skills

Strong analytical skills

Project management

Leadership

Financial acumen

Education

10-12 years experience in financial accounting or consulting

Job description

In this position you will…

lead and manage the Financial Planning & Analysis, Financial Control, and Tax functions for Device Protection (Bolt One) and Insurance Exchange (Bolt Choice) businesses in Singapore. You will work closely with a diverse team of finance professionals across Asia. By mentoring and developing the team, implementing systems and process, and by building key relationships, you will help to build a best-in-class finance function.

You will be responsible for…

Finance Operations

• Managing and overseeing daily operations of the accounts department for both bolttech Broker and bolttech Agency business entities
• Ensuring that accounts are prepared in compliance with accounting standards
• Providing guidance and support to the team members
• Reviewing journals and payments done by the team
• Reviewing GST reporting done by the team and ensure submission to IRAS before deadline
• Preparation and timely reporting of financial results and reports to management every month
• Preparation and timely reporting of sales premium results to management & Senior Manager every month
• Assisting and coordinating any banking matters.
• Cash flow management to ensure sufficient liquidity.
• Ensuring timely quarterly and yearly reporting to MAS.
• Monthly checks on emails in MASnet.
• Keeping management posted on relevant announcements and emails from MAS.
• Monitoring credit control and highlight any issues during monthly credit control meeting.
• Working closely with the accounts and operation team in improving systems, processes and internal controls.
• Highlighting financial related issues to top management
• Preparing annual budget vs actual report.
• Reviewing and ensure asset listing are up to date
• Liaising with vendors on system related issues
• Liaising with tax agents, auditors, corporate secretary to ensure compliance with statutory requirements and all matters relating to the Company.

Strategy

• Business Strategy: Partnering with the business to identify and refine the Finance organisation's business strategy.
• Organisation Design: Continuously reassessing the current state Finance organisation and skillsets, and identify and implement future state structure based on business partner needs.
• Innovation and Option Value: Identifying opportunities for innovation and increasing Bolttech’s value proposition within Finance.
• Process Convergence and Automation: Identifying and implementing best-in-class processes and execute a plan for increased automation
• Location Strategy: Further identifying and driving opportunities to maximise the utilisation of our Global Business Services (GBS) model
• Strategic Initiatives: Providing leadership and oversight on regional strategic programs and initiatives.

Financial Planning & Analysis

• Presenting financial and operational analysis to provide visibility on performance or support future business decisions internally
• Generating and maintaining budget, forecasting and actual data for the country
• Providing high-quality support to the management as well as other functional teams during preparation for Business Reviews and Forecasts and other ad-hoc meetings.
• Providing insightful analysis on the financials and suggesting implications on business performance
• Developing financial reports for business stakeholders and group reporting.
• Providing financial guidance and support to businesses to understand profitability, what are the gaps in achievement of KPIs, and mitigating plans.
• Performing Risk and Ops assessment in collaboration with business stakeholders to ensure that financial implications from both sides is tracked and monitored.
• Supporting the business in implementing processes which are tax compliant and efficient
• Overseeing the cash funding process and intercompany support
• Maintaining relationship with external supports, Advisors and Auditors

Finance Controllership

• Monitoring the monthly and annual closing process to ensure completeness and accuracy of financial results.
• Monitoring deliverables from outsourced GBS partner on financial transaction processing and support.
• Understanding the accounting policies underlying management results and budgeting principles.
• Advising business on new policy update and their impact on accounting treatment.
• Providing guidance on system and process for financial and operational planning, forecasting.
• Team with Internal Tax to provide business with solutions on complex organization and operation issues as well as compliance with country jurisdictions.
• Responding to stakeholders on ad-hoc requests on finance and operation related matters.

For you to be successful…

We expect you to be able to demonstrate the following key competencies

Impactful

• Proactive in identifying what needs to be done, and taking action, before being asked, or before the situation escalates
• Evaluates data and makes decisions, including differing stakeholder perspectives and/or some missing information.
• Focused on objectives and identifies activities and key results required to meet them

Collaborative

• Partners with a range of people to create trust, and co-create and deliver mutually beneficial outcomes
• Develops collaborative and dynamic working relationships to achieve the best possible outcomes

Adaptable

• Looks to understand bigger picture rationale for changes and adapts in a flexible and nimble manner
• Flexible in successfully juggling multiple requirements, ambiguity and competing demands. Perseveres in challenging circumstances.

Communication

• Keeps relevant people accurately informed and up-to-date of both positive and potentially negative information
• Concise in communicating and references relevant information tailored to the audience to support points
• Effective and articulate communicator actively and respectfully listens to and synthesizes others’ perspectives

You will require the following qualifications and skills

• At least 10-12 years of experience in financial accounting, auditing, corporate strategy, or financial consulting with 5 years in an MNC or financial services organization
• Strong analytical, quantitative, execution, project management and leadership skills coupled with good financial acumen
• Insurance industry and Big 4 accounting firm experience preferred.
• Excellent senior stakeholder management