Assistant Finance Manager

3 days ago

Singapore LEE YIN APPAREL INTERNATIONAL PTE. LTD. Full time
Roles & Responsibilities

Company Profile:

Lee Yin was established in Singapore in 1975, and has since grown into a leading regional apparel manufacturer and exporter. Lee Yin manufactures a wide range of apparel, such as fleece, T-shirts, sweaters, knit/woven garments, and knitted accessories. Lee Yin exports to customers throughout the world, including to leading brands like H&M, GAP, s.Oliver, GU, Carters & Desigual. As a deeply-experienced and progressive company, Lee Yin continues to streamline and develop its capabilities, which now include digital printing for fabrics and finished garments. Lee Yin strives towards sustainable growth and business, including making forward-looking investment in human resources, technology and renewable energy. Lee Yin is a member of the Textile and Fashion Federation (Singapore) and part of its Executive Committee.

Lee Yin also operates a retail division under the Coldwear brand, focusing primarily on winter wear apparel and travel accessories. Coldwear currently operates multiple stores in Singapore and Indonesia, as well as an eCommerce channel. It has evolved from a traditional winter wear company into a one-stop lifestyle concept retailer, providing travel wear for all seasons. For more details, http://www.coldwear.com.sg/company-profile-95.html.

Role Description:

This role is vital in supporting the Group Accountant Manager by assisting with finance operations, ensuring accurate financial reporting, and providing support in strategic financial planning and analysis to meet the organization's objectives.

Responsibilities:

Finance Operations:

  • Supervise daily finance operations and provide guidance to the group accountant ensure prompt and accurate accounting records.
  • Monitor and control periodic account closing procedures, including monthly audit schedules, intercompany/related company reconciliations, and bank reconciliations.
  • Oversee external and internal audits, tax reporting, and compliance with other statutory requirements.
  • Assist in improving financial processes and handle other ad-hoc assignments as needed.

Financial Planning and Analysis (FP&A):

  • Assist in preparing financial reporting packs, rolling forecasts, and annual budget exercises, including reviewing and preparing budget reporting packs.
  • Monitor forecasting accuracy and continually improve processes within group and operational teams.
  • Perform commercial analysis to support forecasts and ongoing business performance across all business units.
  • Ensure key financial performance metrics are monitored, deviations are identified, and corrective actions are implemented to achieve financial targets.
  • Collaborate with stakeholders on key cost drivers and develop robust financial models to support business case assessments.

Cashflow & Working Capital Management (Treasury):

  • Develop and maintain accurate cashflow forecasts to ensure adequate liquidity for day-to-day operations and strategic initiatives.
  • Identify and mitigate risks associated with cashflow fluctuations, currency exchange rates, interest rates, and market volatility. Develop strategies to protect the company's financial position and ensure compliance with regulatory requirements.
  • Continuously evaluate and enhance cashflow and working capital management processes to streamline operations, reduce costs, and improve efficiency.

Specifications/Requirements (Education, Experience, Skills):

  • Possess minimum qualification of bachelor's degree in Accounting, Finance or related field.
  • Demonstration of key finance competencies and qualifications with at least 5 years of experience.
  • Ability to take initiative, guide and influence others towards goal accomplishment.
  • Strong interpersonal, communication and presentation skills.
  • A solid understanding of financial statistics and accounting principles.
  • Able to manage, guide and lead employees to ensure appropriate financial processes are being used.
  • Proficient user of finance software.
Tell employers what skills you have

Digital Printing
Lifestyle
Financial Management
Financial Planning
Tax
Channel
Payroll
Auditor
Internal Controls
Accounting
Financial Statements
Audits
Presentation Skills
Statistics
Renewable Energy
GAP
Financial Reporting
Apparel

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