Finance & Accounting Manager

PRINCIPAL ACCOUNTABILITIES :

1. Financial Analysis

Prepare/review/analyse the Financial Management Reports

Daily/ Weekly

• Review and approve daily rates uploaded in FCC.
• Review Nostro Reconciliation, and ensure promptly follow-up action to resolve un- reconciling items via emails to respective stakeholders
• Reviewer of Invoices payment and staff reimbursements, in compliance with the respective Finance & Accounting Guidelines and Policies of payments.

Monthly

• Preparation of MB17 information and review the reasonableness of individual / collective impairment loss and upload the allocation of impairment loss by BU entries to SAP.
• Preparation of CPM File - Loans, Deposits and Fees and upload of internal pricing entries to SAP by 2nd business day
• Preparation Financial Performance for Management and FICON on monthly and quarterly basis as required by Business
• Assist to prepare the Financial Flash by 6th calendar days
• Assist to prepare M-O-M variances of Financial Performance by the stipulated timeline
• To assist to prepare the monthly Branch Meeting slides and commentaries
• Assist to prepare and track the Business Units performance versus the Budget/Plan, and advise accordingly on each unit performance to the Chief Executive Officer of the Branch.
• Assist in monitoring of actual OPEX against plan and communicate to the respective HOD on the OPEX usage on a monthly basis. (Backup)
• To work closely with relevant stakeholders and Business partner to Business Units by providing value-added inputs and advises
• Main contact person for CB businesses in providing inputs to stakeholder's queries and assist to provide variance analysis on the financial performance of CB.
• Preparation of Income by BU including the reconciliation from Local Book to Performance Book. Understand the various drivers resulting in the differences between Local Book to Performance Book.
• Preparation of monthly tax computation and provide analysis for any huge movements in the monthly provision amount.

Yearly

• To assist in the preparation of the lead schedule of the annual Financial Statements and co-ordinate within the department in the preparation of the disclosures sections and supporting workings.
• To assist in providing information to KPMG Tax agent pertaining to the Singapore Corporate Tax submission to the Inland Revenue Authority of Singapore
• To assist in the Yearly Budget and 5-years forecast
• To assist in the Year-end Audit (KPMG), Internal & HO Auditors

2. To perform any other duties as may be assigned by the superior from time to time

3. Assist in other ad-hoc projects that are driven by Finance & Accounting Department

KEY COMPETENCIES:

Strong Financial Accounting Skills (CA Singapore)

Knowledge and understanding of banking products and their accounting treatments.

Management accounting skills, incorporating cost and profitability analysis.

Knowledge and understanding of the SAP and FCC Systems.

Knowledge and understanding of Singapore/International Financial Reporting Standards, internal management reporting requirements and Singapore Income Tax Implication.

PC skills, especially Microsoft Excel, Microsoft Access and Powerpoint.

Strong interpersonal and communication skills, good command in both English and Chinese as role require to liasie with Chinese speaking stakeholders