Finance Executive

Position Summary

The Finance Executive is entrusted with managing comprehensive accounting operations, ensuring precise financial reporting, adherence to statutory regulations, and supporting the company's daily financial activities. This role encompasses overseeing complete account sets, collaborating with external auditors, tax consultants, and regulatory bodies, while guaranteeing compliance with Singapore Financial Reporting Standards (SFRS) and related legal requirements.

Industry experience in automotive sectors—covering vehicle sales, after-sales, spare parts inventory, and dealership management—is considered a valuable asset.

Key Responsibilities

• Manage full accounting records including General Ledger, Accounts Payable, Accounts Receivable, fixed assets, and reconcile bank accounts.
• Compile financial statements monthly, quarterly, and annually following SFRS guidelines.
• Carry out month-end and year-end closing within specified deadlines.
• Ensure accuracy and proper documentation of all financial transactions and perform balance sheet reconciliations to resolve discrepancies.
• Prepare management reports, schedules, and conduct financial analysis to assist budgeting, forecasting, and cash flow oversight.
• Monitor financial outcomes and report variances to management; provide financial insights to business units for informed decisions.
• Serve as main contact for external auditors, preparing necessary audit documentation and handling audit queries efficiently.
• Coordinate statutory audit processes and engage tax agents regarding corporate income tax, GST filing, and compliance.
• Assist with tax preparation, submission, and implement recommendations post-audit and review.
• Ensure compliance with statutory provisions including SFRS, Companies Act, GST regulations, and requirements from IRAS.
• Maintain accounting policies, internal controls, and support compliance with company procedures and external mandates.
• Track and manage accounts receivable collections and overdue payments; process supplier invoices and payments timely.
• Perform account reconciliations for vendors and customers and maintain aging schedules for receivables and payables.
• Conduct bank reconciliations; monitor daily cash balances; manage payment runs and electronic fund transfers.
• Support cash flow forecasting and management of working capital.
• Keep accounting for inventory movements and fixed assets up to date; assist periodic inventory counts and reconciliations.
• Ensure proper capitalization and depreciation procedures for fixed assets.
• Identify and implement improvements in accounting processes and controls; participate in finance system upgrades and automation.
• Assist in various finance projects and continuous improvement activities.
• Undertake other finance and administrative tasks as assigned by the Finance Manager.

Experience and Qualifications

• At least 3 to 5 years of relevant experience in accounting.
• Proven experience managing a full set of accounts is mandatory.
• Preferred background includes automotive, retail, distribution, or manufacturing industries.
• Familiarity with ERP or accounting software such as SAP, Microsoft Dynamics, Oracle, AutoCount or equivalents is advantageous.