Position Overview
The Finance Associate support our new Finance Team, which role is integral to maintaining accurate financial records, managing billing and invoicing, handling tax matters, managing company bank accounts, preparing annual financial statements, and ensuring compliance with regulatory requirements, including reporting obligations to the Monetary Authority of Singapore (MAS). The role also includes preparing monthly management reports and providing financial support to other companies within the Group, where applicable.
Key Responsibilities
1. Finance Operations:
- Manage the end-to-end billing and invoicing process, ensuring accuracy and timeliness.
- Monitor accounts receivable and follow up on outstanding payments.
- Reconcile financial transactions and maintain accurate records.
- Support budgeting, forecasting, and variance analysis.
- Manage company’s bank accounts, including payments, transfers, reconciliations, and banking relations.
- Prepare monthly management reports covering business performance, client metrics, key financials, cash flows, and regulatory schedules.
- Provide financial operations support to other companies within the Group, as needed and eventually regulated through outsourcing agreements.
- Ensure adherence to internal financial policies and external regulatory standards.
2. Tax:
- Handle tax-related matters, including GST filings, corporate tax documentation, and coordination with external tax advisors.
3. Company Financial Statements and Regulatory Reporting:
- Prepare the company’s annual financial statements in accordance with applicable accounting standards.
- Prepare and submit financial and regulatory reports in compliance with MAS requirements.
- Ensure compliance with MAS regulations applicable to Capital Markets Services License (CMSL) holders.
- Support the preparation and submission of MAS-required filings, including regulatory returns, declarations, and periodic reports.
- Coordinate and support external audit processes, incl. preparation of audit schedules and documentation.
4. Cross-Functional Collaboration:
- Collaborate with cross-functional teams (e.g., Wealth Management, COO, Product Development, CEO Office) to ensure financial data integrity and billing accuracy. Support training related to internal procedures across departments.
Competency Requirements
- Bachelor’s degree in Finance, Accounting, Business Administration, or related field.
- 3+ years of experience in financial operations, accounting, billing, or tax.
- Proficiency in financial software and tools (e.g., Xero).
- Strong Excel skills and familiarity with data analysis.
- Excellent attention to detail and organizational skills.
- Strong communication and interpersonal abilities.
- Ability to manage multiple priorities and meet deadlines.
- Ability to prepare and present management reports with actionable insights.
- Experience supporting group-level finance operations across multiple entities.
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