Financial Analyst - Singapore - De Beers Group of Companies

De Beers Group of Companies

Verified Company

Singapore

1 week ago

Posted by:

Wei Jie

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Description

**Company Description

You're talented and adaptable. That's why you'll fit in.**As well as discovering, mining and processing many of the essential raw materials that enable, support and enhance modern life, our global business is involved in selling and marketing products copper, platinum and other precious metals, iron ore, coal, nickel and diamonds. Through our Marketing Business, we are able to offer innovative solutions to meet our customers' specific challenges. This includes physical products, logistics and technical support, as well as pricing and finaAncing solutions.

The purpose of the Marketing BU is to sustainably maximize cash flows from the marketing by optimally connecting commodities and customers.

Our vision is to be the most respected marketer of the commodities and in support of this, we have set ourselves a target to deliver a considerable uplift in Value by 2023.

**Job Description

What you'll do**The Financial Analyst drives delivery of the services that Finance provides to support the Marketing business.

As part of the Finance Operations team, the role works with stakeholders across the business to design, implement and optimise the processes and systems that ensure people have access to accurate business and financial information as when they need it.

The role performs the month end close for the domestic Coal 3rd party sourcing business in South Africa, oversees the process for payments and receipts and, where applicable, works with Global Shared Services to outsource certain of these tasks.

Other tasks include performing invoicing activities for new business and working closely with the Information Management department to employ technology to automate activities.

This role also assists in developing a continuous improvement culture within Finance, putting in place ways to measure our performance and collaborating on efforts to improve it.

TYPICAL TASKS

Drive efficient and effective Finance operations

The Financial Analyst helps to drive the engine room of the Finance function, managing payments to and from vendors and customers, and making sure that transactions are appropriately recorded. All this will need to be done within the framework of our financial controls and accounting policies, and the role works closely with Risk, Group Shared Services and the wider Finance team to formulate, implement and operate robust controls and ensure documentation of key processes within Finance Operations.
Designs, executes and optimises process to communicate transaction information to GSS, ensuring adherence to workflow controls and that manual intervention is eliminated.

Deliver on-demand information

The role plays a key role in making information available ondemand to support commercial decisions and new business initiatives. It works closely with the Finance Business Partners and other stakeholders around the group to determine data requirements and is responsible for managing the systems and processes to capture and deliver them as efficiently and accurately as possible.
Supports coordination and collection of performance information from all relevant sources and delivering Performance Reports, Monthly Financial Statements and other regular information as required by the Marketing Business, Production Business Units or Group.
Executes transactional activity to record and manage information through relevant systems.
Works with the Business Partnering and Corporate teams to design and implement the technical accounting logic to align data streams with business activities from performance and financial reporting perspectives.
Anticipates information required to maximise business value and designs process and executes transactions to capture expanded data streams that enable new analysis and insight.
Operates and enhances forecasting models to improve Marketing's forwardlooking capability and support strategy, including a shift from deterministic to probabilistic modelling.

Technology transformation

Working closely with IM, the role looks to implement technologies that improve control, increase information available for the business and automate transactional activity as much as possible, freeing up the team to add value elsewhere. It needs to think differently about the work Finance does and how it gets done, including the elimination of manual journals and recons as a cost to quality.
As we implement new systems, the role needs to establish appropriate processes for defining user needs and managing UAT for the Finance department, ensuring that accounting logic and financial controls are appropriately captured.

Continuous improvement

Create ways to measure and manage how well we perform as a team. This could range from creating system reports that show how many transactions we process or how quickly we operate, to running customer surveys that measure how good we are at delivering to their requirements. Amongst the t