Manager, Financial Planning & Analysis

About the Role

The Singapore Business Federation (SBF) is seeking a Manager for Financial Planning & Analysis to report to the Director of Finance. This role is crucial in supporting the annual budgeting process and coordinating budget submissions from various departments. The incumbent will be instrumental in managing annual budgets, rolling forecasts, management reporting, monthly financial reviews, and providing critical financial insights to aid management in strategic decision-making.

Key Responsibilities

• Assist in the annual budgeting process by coordinating departmental submissions and consolidating them into comprehensive summaries for management review.
• Monitor budget utilization, identify significant deviations, and contribute to improving budgeting practices, including the potential implementation of Zero-Based Budgeting (ZBB) in NetSuite.
• Maintain and manage the rolling forecast model, analyze actual performance against budget and forecast, and explain variances.
• Highlight emerging financial trends and potential budget deviations to management.
• Oversee the financial performance of programs and projects, ensuring they meet Cost Recovery Ratio (CRR) targets and track income across SBF's revenue streams.
• Prepare periodic analyses of program-level financial performance, identifying areas where cost recovery targets might be missed and collaborating with program owners on cost drivers and income assumptions.
• Support the Finance team in assessing the financial sustainability of various programs and initiatives.
• Generate monthly Financial Review Decks for management meetings and quarterly financial reports for Council meetings, providing clear explanations for financial movements, variances, and trends.
• Conduct ad hoc financial analysis and modeling as needed, and assist in preparing financial data for management discussions, program reviews, and new initiatives.
• Utilize NetSuite and other financial tools for data extraction and analysis, and support the enhancement of financial reporting templates and dashboards.
• Ensure the accuracy and consistency of financial data used in all planning and reporting activities.
• Collaborate with internal teams to gather necessary financial information and provide guidance to departments on budget submissions and financial data requirements.
• Support Finance initiatives aimed at enhancing financial discipline and transparency throughout the organization.

Requirements

• A Bachelor's degree in Accounting, Finance, or a comparable qualification is required.
• A minimum of 5 years of relevant professional experience is necessary.
• Excellent interpersonal and communication abilities are essential for effective collaboration with diverse stakeholders across the organization.
• The capacity to work efficiently under pressure and manage multiple priorities is crucial.
• Proficiency in Microsoft Excel and other financial reporting tools is mandatory.
• Experience with Oracle NetSuite is highly desirable.

Additional Information

This is a full-time, onsite position located in Singapore.