Strategic Budget & Cost Controller

Singapore Airlines; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

Singapore Airlines is seeking a Finance professional in the Financial Planning & Control Department to manage budgeting, accounting, analysis, and reporting of expenses. You will handle cost control for Head Office divisions, review accruals and JVs, and prepare monthly variance analyses and reports to Corporate Accounts & Projects.

The role involves IT system improvements, ad-hoc projects, and collaboration with divisional users to identify cost savings and efficiencies while ensuring

Qualifications

• Bachelor's Degree in Accountancy or ACCA recognised
• Strong attention to detail and accuracy
• Strong numerical and analytical abilities
• Excellent time management and organisational skills
• Clear and effective communication skills

Responsibilities

• Handle budgeting for Head Office Divisions (Fixed and Variable costs).
• Ensure proper accruals and JVs are accurate and complete.
• Review accounts payable/receivable approvals and allocation.
• Monitor monthly variance analysis and budget vs forecast; explain overruns.
• Prepare monthly/quarterly/yearly reports for Corporate Accounts & Projects.
• Assist with annual budget/long-term projections and cost-saving initiatives.
• Support rolling forecast exercises and respond to user queries.

Skills

Attention to detail

Numerical skills

Analytical skills

Time management

Communication skills

Education

Bachelor's Degree in Accountancy or ACCA

Job description

Job Description

Job Description

The successful candidate will be part of Finance Division, Financial Planning & Control Department. He/She will be responsible for ensuring proper budgeting, correct accounting, timely processing, analysis and reporting of expenses/recoveries, as well as budgeting, forecasts and cost savings initiatives for Head Office Divisions (Fixed Cost) and Variable cost items under his/her responsibility.

Key Responsibilities

Operating expenditure accounting for Divisions under his/her charge:

• Review and ensure that accruals/J ournal Vouchers (JVs) put through for accuracy and completeness. Check for omissions/errors in invoices raised/JVs put through.
• Accounts Receivable and Account Payable invoice approvals. Review and ensure correct accounting allocation by Divisions.
• Monitor and review monthly accounts variance analysis. Review and monitor Divisions’ expenditure against budget and forecast. Work with users on explanations for budget overruns and supplementary budgets. Ensure that users comply with Finance Manual procedures on budgetary control.
• Discuss and liaise with Divisions on accounting treatment for their business process/initiatives.
• Compile and analyse material monthly expense variances. Submission of monthly, quarterly and yearly reports to Corporate Accounts & Projects department as per reporting timelines.
• Monitor and clear suspense accounts to ensure that balances are within timelines set. Work with users on explanations for balances exceeding stipulated timelines.
  
  

Annual operating budget/Long term projection exercise

• Assist with preparation work for roll out of budget/long term projection exercise.
• Assist/Support Divisions on queries regarding budget/projection. Work with Divisions to identify and achieve cost savings/efficiencies.
• Assist with preparation of budget paper as per timeline.
  
  

Monthly rolling forecast exercises

• Assist with user queries and carrying out of preparation work for roll out of forecast exercises.
• Analysis of significant variances for forecast figures for preparation of forecast materials.
  
  

Understand the business processes of the different divisions and how it relates to the accounting treatment of their expenses. Work closely with the various divisions to have a better understanding of their operations and be able to provide value-added advice whenever necessary.

Work with internal and external auditors during their audits of the section’s processes and controls. Follow up on recommendations given.

Handle ad-hoc projects, such as implementation or enhancements of IT systems, to improve processes. Department’s representative for ad-hoc projects/exercises or administrative matters.

Provide guidance to staff on work procedures relating to the use of systems and resolution of work-related problems. Monitor and assess staff performance.

Requirements

• University Bachelor's Degree in Accountancy or an equivalent professional qualification recognised by ACCA.
• Good attention to details.
• Good numerical and analytical skills.
• Effective time management skills.
• Effective communications skills.
  
  

The end date of this position is in December 2027.

We thank all candidates for your interest in Singapore Airlines, and regret that only shortlisted candidates will be notified.