SENIOR FINANCE EXECUTIVE

Job Summary:

The Senior Finance Executive reports to the Group Finance Head. He/She is responsible for preparing financial statements, maintaining cash controls and accounts payable to meet legislative requirements and support the Centre’s operations. In addition, he/she shall assist in the planning and implementation of finance projects in streamlining processes and also assist in developing the financial policies and procedures together with the immediate supervisor.

Duties and Responsibilities:

1. To update accounting entries using ACCPAC Accounting System.
2. To prepare Financial Statements that give a true and fair view in accordance with the provisions of the Charities Act, the Societies Act, and Singapore Financial Reporting Standards.
3. To oversee all financial matters to ensure proper utilization of funds, accountability, and internal control.
4. To prepare, compile, and analyze the group forecast and yearly capital and operating expenditure budgets as per SACS’ guidelines and help to ensure spending aligns with the approved budgets.
5. To prepare and liaise with internal and external auditors for statutory and statistical audits.
6. To advise Operations on financial-related matters and ensure compliance with SACS Finance Policy.
7. To participate in CARF (quality audit) for the Finance department.
8. To carry out Asset Management:
1. To ensure fixed assets are registered, tagged, and disposed of with inventory condemnation form.
2. To set up and maintain a system of inventory and fixed asset control and conduct yearly physical stock takes to verify the status of assets against records.
9. To process payments duly supported by matching invoices and approval for purchase/service.
10. To ensure accounts receivables and ensure receipts are issued for the collection of cash/cheques.
11. To monitor and reconcile Government Subvention.
12. To monitor the Centre’s cash flow.
13. To reconcile monthly bank statements.
14. To ensure proper records of GST are maintained and tracked.
15. To ensure proper accountability/tracking of pre-operational governmental funding.
16. To assist in new processes and system implementation when required.
17. To provide supervisory/mentoring roles to Accounts Assistant.
18. To proactively identify areas of improvement and opportunities to drive and enhance finance operational efficiency.
19. To back up other Centre Finance where required and to support the needs of the various centres and finance team members in the area of internal control and rectify problems where necessary.
20. To participate in the design, planning, and implementation of new projects such as Group Consolidation reports and Procurement system.
21. To participate in the planning and formulation of financial policies and procedures.
22. To prepare the necessary slides and presentations during AC and FC meetings.
23. To take care of bank administration functions like handling all the necessary paperwork in setting up new bank accounts.
24. To perform other duties and ad-hoc projects as assigned.