In this position you will…
lead and manage the Financial Planning & Analysis, Financial Control, and Tax functions for Device Protection (Bolt One) and Insurance Exchange (Bolt Choice) businesses in Singapore. You will work closely with a diverse team of finance professionals across Asia. By mentoring and developing the team, implementing systems and process, and by building key relationships, you will help to build a best-in-class finance function.
You will be responsible for…
Finance Operations
- Managing and overseeing daily operations of the accounts department for both bolttech Broker and bolttech Agency business entities
- Ensuring that accounts are prepared in compliance with accounting standards
- Providing guidance and support to the team members
- Reviewing journals and payments done by the team
- Reviewing GST reporting done by the team and ensure submission to IRAS before deadline
- Preparation and timely reporting of financial results and reports to management every month
- Preparation and timely reporting of sales premium results to management & Senior Manager every month
- Assisting and coordinating any banking matters.
- Cash flow management to ensure sufficient liquidity.
- Ensuring timely quarterly and yearly reporting to MAS.
- Monthly checks on emails in MASnet.
- Keeping management posted on relevant announcements and emails from MAS.
- Monitoring credit control and highlight any issues during monthly credit control meeting.
- Working closely with the accounts and operation team in improving systems, processes and internal controls.
- Highlighting financial related issues to top management
- Preparing annual budget vs actual report.
- Reviewing and ensure asset listing are up to date
- Liaising with vendors on system related issues
- Liaising with tax agents, auditors, corporate secretary to ensure compliance with statutory requirements and all matters relating to the Company.
Strategy
- Business Strategy: Partnering with the business to identify and refine the Finance organisation's business strategy.
- Organisation Design: Continuously reassessing the current state Finance organisation and skillsets, and identify and implement future state structure based on business partner needs.
- Innovation and Option Value: Identifying opportunities for innovation and increasing Bolttech’s value proposition within Finance.
- Process Convergence and Automation: Identifying and implementing best-in-class processes and execute a plan for increased automation
- Location Strategy: Further identifying and driving opportunities to maximise the utilisation of our Global Business Services (GBS) model
- Strategic Initiatives: Providing leadership and oversight on regional strategic programs and initiatives.
Financial Planning & Analysis
- Presenting financial and operational analysis to provide visibility on performance or support future business decisions internally
- Generating and maintaining budget, forecasting and actual data for the country
- Providing high-quality support to the management as well as other functional teams during preparation for Business Reviews and Forecasts and other ad-hoc meetings.
- Providing insightful analysis on the financials and suggesting implications on business performance
- Developing financial reports for business stakeholders and group reporting.
- Providing financial guidance and support to businesses to understand profitability, what are the gaps in achievement of KPIs, and mitigating plans.
- Performing Risk and Ops assessment in collaboration with business stakeholders to ensure that financial implications from both sides is tracked and monitored.
- Supporting the business in implementing processes which are tax compliant and efficient
- Overseeing the cash funding process and intercompany support
- Maintaining relationship with external supports, Advisors and Auditors
Finance Controllership
- Monitoring the monthly and annual closing process to ensure completeness and accuracy of financial results.
- Monitoring deliverables from outsourced GBS partner on financial transaction processing and support.
- Understanding the accounting policies underlying management results and budgeting principles.
- Advising business on new policy update and their impact on accounting treatment.
- Providing guidance on system and process for financial and operational planning, forecasting.
- Team with Internal Tax to provide business with solutions on complex organization and operation issues as well as compliance with country jurisdictions.
- Responding to stakeholders on ad-hoc requests on finance and operation related matters.
For you to be successful…
We expect you to be able to demonstrate the following key competencies
Impactful
- Proactive in identifying what needs to be done, and taking action, before being asked, or before the situation escalates
- Evaluates data and makes decisions, including differing stakeholder perspectives and/or some missing information.
- Focused on objectives and identifies activities and key results required to meet them
Collaborative
- Partners with a range of people to create trust, and co-create and deliver mutually beneficial outcomes
- Develops collaborative and dynamic working relationships to achieve the best possible outcomes
Adaptable
- Looks to understand bigger picture rationale for changes and adapts in a flexible and nimble manner
- Flexible in successfully juggling multiple requirements, ambiguity and competing demands. Perseveres in challenging circumstances.
Communication
- Keeps relevant people accurately informed and up-to-date of both positive and potentially negative information
- Concise in communicating and references relevant information tailored to the audience to support points
- Effective and articulate communicator actively and respectfully listens to and synthesizes others’ perspectives
You will require the following qualifications and skills
- At least 10-12 years of experience in financial accounting, auditing, corporate strategy, or financial consulting with 5 years in an MNC or financial services organization
- Strong analytical, quantitative, execution, project management and leadership skills coupled with good financial acumen
- Insurance industry and Big 4 accounting firm experience preferred.
- Excellent senior stakeholder management