VP-Accounts Payable

Sumitomo Mitsui Banking Corporation (SMBC); Singapore; On-site; SGD 60,000 - 75,000; Full time

Job summary

A prominent financial institution in Singapore is seeking a dedicated professional to manage end-to-end expense processing operations. The ideal candidate will ensure compliance with labor regulations, oversee budget planning, and implement fixed asset control frameworks. Responsibilities include preparing comprehensive MIS reports and leading automation initiatives to enhance operational efficiency. Strong analytical and communication skills are essential for success in this role.

Qualifications

• 5 to 9 years of experience in financial management.
• Knowledge of GST compliance and tax laws.
• Strong leadership and team management skills.

Responsibilities

• Manage end-to-end Expense processing operations for NPEs.
• Implement and maintain Fixed Asset Control Framework.
• Prepare and present MIS reports and dashboards for management review.
• Supervise team members and foster cross-functional coordination.

Skills

Financial Statements

Internal Controls

Budgeting

Variance Analysis

MIS Reporting

Compliance

Analytical Skills

Communication Skills

Team Management

Problem Solving

Tools

MS Excel

PowerPoint

Power BI

Job description

You will be responsible for managing end-to-end Expense processing operations for all NPEs. This includes administering the No-Due verification process, ensuring all dues are settled, and obtaining a No-Due certificate on a half-yearly basis. Additionally, you will plan, prepare, and monitor the annual budget for NPEs, covering office operations, utilities, travel, outsourced services, and administrative overheads. It will be your duty to review variances against the budget and report on them.You will also be tasked with implementing and maintaining the Fixed Asset Control Framework. This involves managing fixed asset accounting, asset tagging, location tracking, insurance, verification, and retirement. You will need to ensure that all additions and disposals are properly recorded and reflected in the fixed asset register. Coordination with GAD, Procurement & ITD teams will be essential for accurate and timely data entry and insurance compliance.Furthermore, you will need to ensure compliance with labor regulations for off-roll staffs, such as security and housekeeping personnel. This will involve reviewing and approving vendor claims to ensure compliance with Minimum Wages and Bonus Acts, as well as coordinating with vendor partners for timely revision of wages and disbursement of statutory dues. Maintaining supporting documentation for audits and internal checks will also fall under your responsibilities.Your role will also involve leading automation initiatives and supporting audit readiness. This includes implementing and improving automation tools and expense operations workflows to enhance accuracy, transparency, and turnaround time. You will be required to maintain audit-ready records, respond to audit queries, identify process gaps, and propose improvements to strengthen governance.Additionally, you will prepare and present MIS reports and dashboards for management review. This will involve developing and submitting monthly reports detailing expense processing status, budget utilization, pending liabilities, fixed asset position, etc., enabling data-driven decision-making through timely and accurate reporting.Supporting query resolution and vendor communication will be part of your responsibilities, ensuring smooth operations by providing timely responses. You will also supervise team members, fostering cross-functional coordination by directing and supporting them in daily expense processing operations, encouraging knowledge sharing, and building capability through training. Coordination with procurement, General Affairs, ITD, and Finance teams to streamline processes and resolve bottlenecks will be crucial for success in this role.,

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Sumitomo Mitsui Banking Corporation (SMBC)

All India

About Company

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Financial Statements, Internal Controls, Costing, Budgeting, Variance Analysis, Inventory Management, Fixed Assets, MIS Reporting, Financial Planning, Compliance, Analytical Skills, Communication Skills, Leadership, Team Management, Process Orientation,GST Returns, GST Compliance, Tax Laws, ERP Systems, Manufacturing Cost Accounting, ProblemSolving, DecisionMaking, Attention to Detail, Meeting Deadlines

Vendor Management, Performance Evaluation, Budgeting, Quality Management, Team Management, Client Liaison, Operations Management, Risk Management, Financial Management, MIS Reporting, Compliance Management,Service Level Agreements, Policies Procedures Implementation, Emergency Response Planning

5 to 9 Yrs

All India

• Audit
• +22

  Compliance, SEBI Regulations, Financial Planning, Variance Analysis, MIS Reporting, Automation, Financial Modelling, Analytical Skills, Communication Skills, Interpersonal Skills,General Ledger Entries, Bank Reconciliations, GSTTDS Fillings, RBI Regulations, Income Tax Regulations, Financial Reports, Stakeholder Coordination, Process Improvements, Accounting Principles, Financial Reporting Standards, ProblemSolving Skills, Domain Knowledge

ms excel, powerpoint, power bi, land acquisition,land mis

Financial Statements, Internal Controls, Costing, Budgeting, Variance Analysis, Inventory Management, Fixed Assets, MIS Reporting, Financial Planning, Compliance, Analytical Skills, Communication Skills, Leadership, Team Management, Process Orientation,GST Returns, GST Compliance, Tax Laws, ERP Systems, Manufacturing Cost Accounting, ProblemSolving, DecisionMaking, Attention to Detail, Meeting Deadlines

Vendor Management, Performance Evaluation, Budgeting, Quality Management, Team Management, Client Liaison, Operations Management, Risk Management, Financial Management, MIS Reporting, Compliance Management,Service Level Agreements, Policies Procedures Implementation, Emergency Response Planning

5 to 9 Yrs

All India

• Audit
• +22

  Compliance, SEBI Regulations, Financial Planning, Variance Analysis, MIS Reporting, Automation, Financial Modelling, Analytical Skills, Communication Skills, Interpersonal Skills,General Ledger Entries, Bank Reconciliations, GSTTDS Fillings, RBI Regulations, Income Tax Regulations, Financial Reports, Stakeholder Coordination, Process Improvements, Accounting Principles, Financial Reporting Standards, ProblemSolving Skills, Domain Knowledge

ms excel, powerpoint, power bi, land acquisition,land mis