Finance Manager, Asia

5 days ago


Singapore Smiths Group Full time

Location: Asia Pacific, Singapore, Singapore- Ref: DETECTIONAPAC01256- Division: Smiths Detection- Job Function: Finance**Job Description**:
The Finance Manager, Asia will be responsible to provide finance leadership to the Smiths Detection Market business and have Responsibility for integrity of group and statutory reporting for 3 legal entities (collectively known as “Asia”)
- Smiths Detection Asia Pacific Pte Ltd, Smiths Detection Hong Kong, and SDAP - Korean Branch and be accountable for all aspects related to finance and accounting. This position will complete all financial and management reporting of these entities and other relevant submarkets, ensuring accuracy and timeliness in the various systems and processes.

This role will manage all financial reporting of entities (AP, AR & GL) and management reporting of Asia. This role will also be responsible for managing local statutory accounts, local/income tax and VAT filing, other reporting requirements and cash flow management including dividend and intra group loan. Additionally, this position will assure appropriate business control and manage performance analysis against budgets/forecasts providing regular updates to the senior and local management.

HR responsibility for a finance team including all transactional processing ensuring talent management objectives of the division are met. The role has the responsibility of assisting the Senior Financial Reporting Manager to drive process improvement and alignment within the market between the North & South Asia entities including internal control best practises.

Duties & Responsibilities

Financial Management Leadership
- Provide financial insight at entities and market view level, and act as trusted advisor to the regional and local management on all finance related matters.
- Lead budgeting processes predominantly around cash and expense planning.
- Support local Managers for budgeting and forecasting in terms of profit center with financial insight.
- Support other local senior management for budgeting and forecasting in terms of cost center with financial insight. Financial Control
- Ensure timely and accurate financial reporting for the business and Onyx reporting.
- Ensure process consistency across all financial processes for entities within control.
- Regular evaluation of effectiveness of ERP system
- Review of balance sheet reconciliations for these entities.
- Responsible for revenue recognition for these entities and provide collaborative insight for other markets included in ASIA Market.
- Control quality and ensure timely submission of regional weekly and monthly rolling forecast, Forecast and Budget exercises in Onyx.
- Monitor business control effectiveness and develop/execute improvement plans to assure accurate financial reporting.
- Drive internal and external audits. Budgetary
- Work with Budget Owners to get an understanding of performance. Lead budget variance commentary and reporting.
- Target areas of expense overruns/inconsistencies and implement corrective measures. Tax & Compliance
- Provide statutory account, tax filing and other reporting to local authorities for these entities in a timely manner.
- Understand the transaction flows between relevant entities and ensure transfer prices and resultant profit splits are in line with divisional operating model/ divisional guidance
- Run and report monthly minimum control to ensure accuracy of financial reporting.
- Monitor and assess business control environment and take action to improve it if weakness is found. Support & Coordination
- Liaise with regional HQ secretary on company secretarial matters and to ensure transparent disclosure of information amongst stakeholders.
- Undertake any other tasks or projects required, including departmental support.
- Have Continuous Improvement mindset and drive efficiencies and process improvements within ASIA the wider Finance function, including looking for opportunities to streamline activities and improve the quality of financial information. Ethics & Best Practices
- Operate within Company policies and procedures such as Smiths Code of Business Ethics with a high level of integrity.
- Assure compliance of Company operations to all applicable laws, regulations and standards, regulations and standards, good business practices and company documented procedures
- Engage others, promote, and participate in Environmental, Health, and Safety initiatives, focusing on continuous improvement.

Diversity & Inclusion

We believe that different perspectives and backgrounds are what make a company flourish. All qualified applicants will receive equal consideration for employment regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, economic status, disability, age, or any other legally protected characteristics. We are proud to be an inclusive company with values grounded in equality and ethics, where we celebrate, support, and embrace diversity.

T


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