Job Details

Job Description

The successful candidate will be part of SIA's Finance Division, Financial Planning & Control Department. He/she will be responsible for ensuring proper budgeting, correct accounting, timely processing, analysis and reporting of the Company’s assets.

Responsibilities

• Capital expenditure accounting for Divisions and asset categories:

- Monitor and review accounting for monthly accounts close and variance analysis.
- Ensure that users comply with Finance Manual procedures on capital expenditure and financial regulatory standards.
- Discuss and liaise with Divisions on accounting treatment for their business process/initiatives.
- Compile and analyze material monthly expense variances. Submission of monthly, quarterly and yearly reports as per reporting timelines.
- Monitor and clear suspense accounts to ensure that balances are within timelines set.

• Annual Capital Expenditure Budget exercise:

- Assist with preparation work for roll out of capital expenditure budget exercise.
- Review and analyze proposed budget submissions from Business users and submit the budget to Management/Board for approval.
- Assist/Support Divisions on queries regarding budget and forecast. Work with Divisions to identify and achieve cost savings/efficiencies.

• Quarterly forecast exercises and Long-term forecasts for capital expenditure:

- Assist with user queries and carrying out of preparation work for roll out of forecast exercises.
- Work with Divisions on projected spending for long-term plan.
- Analysis of significant variances for forecast figures for preparation of forecast papers.

• Understand the business processes of the different divisions and how it relates to the
  accounting treatment of their capital expenditure items/projects. Work closely with the various
  divisions to have a better understanding of their operations and be able to provide value-added
  advice whenever necessary. Assist and provide financial analysis support to Business Users in
  evaluation of projects.
• Work with internal and external auditors during their audits of the section’s processes and
  controls. Follow up on recommendations given.
• Handle ad-hoc projects, such as implementation or enhancements of IT systems, to improve
  processes. Department’s representative for ad-hoc projects/exercises or administrative
  matters.
• Provide guidance to staff on work procedures relating to the use of systems (eg: SAP, Capital
  Budget System) and resolution of issues and problems. Monitor and assess staff performance.

Requirements

• Good Degree in Accountancy or an equivalent professional qualification recognised by ACCA.
• Good attention to details.
• Good numerical and analytical skills.
• Effective time management skills.
• Effective communications skills.