Finance Graduate Trainee

Roles & Responsibilities

Job purpose:

The 18-month Graduate Trainee programme is designed for recent graduates to gain board experience in Group Finance. The individual will be responsible for performance management in respect of the applicable branches and subsidiaries in Asia.

The key focus will be on the following areas:

• Perform revenue and cost segmentation for the relevant entities to ensure management financials are appropriately reported.
• Delivery of revenue and cost management reporting suite for Corporate Clients and Treasury, and ensuring continuous improvements to current processes
• Provide primary support to the Cost Allocation process and Head Office Reporting requirements.
• Support the Multi-year planning (MYP) process, where applicable
• Develop business profitability and insights to support business steer and growth initiatives
• Enhance Finance support to business partners by improving linkages between management / local reporting and strategic agendas
• To assist the department in meeting its overall objectives and to contribute ideas to meet the requirements of the Finance Department
• To be fit and proper and act with integrity in accordance with the Bank's Code of Conduct
• To ensure that global policies and local regulations are adhered to at all times and are kept up to date with any developments in the business

Upon successful completion of the programme, the graduate trainee will be considered for permanent employment opportunities subject to overall strong performance during traineeship and business conditions.

Key activities:

• Perform various monthly processes including revenues and cost allocations to facilitate Segmental Reporting (SPOT) as well as Head Office Reporting needs
• Prepare and deliver management reports according to scheduled timelines, whilst ensuring accuracy and completeness of financials at all times
• Provide local management and business units with controlling relevant information including meaningful commentary for the entity and respective business units with a focus on both revenues and cost
• Identify operational / control deficiencies and work with relevant teams to ensure appropriate control processes and procedures are in place
• Develop and maintain a well-rounded understanding of business performance and where required, provide insightful commentary on business drivers
• Ongoing review and improvement of processes to generate efficiencies
• Work on other governance, ad hoc and Finance-related projects as and when necessary

Formal education:

• Recent graduates with not more than 1 year of professional work experience (excluding internships)
• Degree Holder in Finance or Accounting (or equivalent)

Specialist knowledge (work experience, further qualification):

• Basic knowledge of IFRS and SFRS.Knowledge of German GAAP HGB (preferred)
• Able to work with minimum supervision and under time pressure with tight deadlines
• Good analytical skills, meticulous and keen eye for details
• Good communication skills both written and verbal
• Process orientated with ability to analyse and recommend / drive improvements
• Service-oriented to key clients and stakeholders
• Proficient in Excel and SAP knowledge beneficial

Why Join Us:

• Hands-on experience and regional exposure
• Work alongside experienced professionals in a dynamic and supportive environment.
• Competitive Monthly Salary in line with the market
• Annual leave of 21 days
• Medical Benefits

About Us:

Commerzbank AG Singapore branch is the Asia Hub of the largest German SME bank providing a bridge between Asia and Germany. With subsidiaries, branches and representative offices in over 40 locations, Commerzbank has a strong international presence.

Tell employers what skills you have

Corporate Advisory
Executive Management
Analytical Skills
Budget Management
Mergers
Financial Engineering
Cost Management
German
GAAP
Accounting
Dispute Resolution
Pressure
Restructuring
Proactive Communication
Litigation Support
Performance Management

---