Finance Manager - Singapore - IDEALL SOLUTIONZ SINGAPORE PTE. LTD.

IDEALL SOLUTIONZ SINGAPORE PTE. LTD.
IDEALL SOLUTIONZ SINGAPORE PTE. LTD.
Verified Company
Singapore

3 weeks ago

Wei Jie

Posted by:

Wei Jie

beBee Recruiter
Description

General Responsibilities:

Provide support to Operations group, through information analyses (e.g. current processes, actual performance vs.

budget and prior year, budget, etc.), preparation of operational data/analyses for publication to various constituents throughout company (Management, Sales, Product Management, Operations, etc.) who rely on/benefit from the information to make informed business decisions.

Primary responsibilities will include assisting Operations team in the Monthly Operations Review, identification of areas for cost reductions and operational improvements, annual budget process, periodic forecasting, and periodic analysis of operations performance.


Specific Responsibilities:


Management

  • Maintain a documented system of accounting policies and procedures.
  • Manage outsourced functions.
  • Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives.

Funds Management

  • Forecast cash flow positions, related borrowing needs, and available funds for investment.
  • Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
  • Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions.
  • Maintain banking relationships.
  • Assist in determining the company's proper capital structure.
  • Arrange for equity and debt financing.
  • Invest funds.
  • Recommend appropriate dividend issuances, based on historical dividend patterns and expected cash flows.

Budgeting

  • Manage the preparation of the company's budget.
  • Report to management on variances from the established budget, and the reasons for those variances.
  • Assist management in the formulation of its overall strategic direction.

Financial Analysis

  • Engage in ongoing cost reduction analyses in all areas of the company.
  • Review the performance of competitors and report on key issues to management.
  • Engage in benchmarking studies to establish areas of potential operational improvement.
  • Interpret the company's financial results to management and recommend improvement activities.
  • Review company bottlenecks and recommend changes to improve the overall level of company throughput.
  • Participate in target costing activities to create products that meeting predetermined price goals.
  • Assist in the determination of product pricing in relation to features offered and competitor pricing.
  • Compile key business metrics and report on them to management.
  • Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis.
  • Create additional analyses and reports as requested by management.

Additional Accountabilities:


  • Prepare monthly analysis of cost of goods sold and operational expenses against prior year and budget, providing explanations and business solutions to help mitigate the risks.
  • Partner with Product Management and Purchasing Team in determining financial impact due to product cost reductions, new product roll out, etc. and prepare periodic forecasts to update management on projected results.
  • Analyse financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress against budgets.
  • Identify, investigate, and analyse potential operational improvement. As appropriate, based on findings make proposal for operational changes (policy, procedures, processes, etc.)
  • Maintain a safe and clean work environment.
  • Understand and follow company rules and regulations.
  • Perform all other duties as assigned and required.

Skills
You will need to show evidence of the following:

  • commercial and business awareness, excellent communication and presentation skills.
- an analytical approach to work, high numeracy and sound technical skills.
- problem-solving skills and initiative, negotiation skills and the ability to influence others.
- strong attention to detail and an investigative nature, the ability to balance the demands of work with study commitments
- good time management skills and the ability to prioritise
- the ability to work as part of a team and to build strong working relationships
- the capacity to make quick but rational decisions
- the potential to lead and motivate others
- good IT skills.

  • Bachelor's degree in finance or accounting, or equivalent business experience, or CPA or MBA and minimum 1 year experience in ERP, 7 to 9 years of progressively responsible experience for a major company or division of a large corporation.
  • Have a flare for numbers, work well with people, aggressively anticipate impacts of workload/issues to team deadlines and have a very positive work attitude including willing to work some longer hours during peak periods.
  • Strong experience in income statement analysis.
  • Advanced Excel skills, ability to work with lookups an
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