Finance Manager

1 week ago


Singapore IDP Education Ltd Full time

An ASX100 business part that is owned by Australian universities, IDP is a pioneer in international education services. Our_ _core business lines include student placement to Australia, US, UK, Canada and New Zealand institutions, English-language testing and training._
- We are on a mission to build the world's leading platform and connected community to guide students along their journey to achieve their lifelong learning and career aspirations._
- As a co-owner of IELTS, we deliver the English test that is trusted by more governments, universities and organisations than any other. We also operate English language teaching schools in South East Asia._
- We are innovators, driven by the needs of our customers and deep data insights. Our 5,000 team members based around the world understand that our services change lives - not only of our customers, but their wider communities._
- By combining empathy and professional expertise with digital excellence, we create launch pads for our customers to achieve global success._

**POSITION PURPOSE**

Finance Manager will be primarily responsible for general financial accounting, tax, statutory, routine transactional finance and selected admin tasks for the IDP Education Limited Singapore Branch.

The branch includes Singapore operations plus regional office management entities.

The role will also be tasked with involvement in process improvement and exposure to management reporting and analysis.

The role works closely with Singapore Country Manager, Regional Finance Manager, Singapore management team and Finance Shared Services (FSS) to fulfil duties.

**RESPONSIBILITIES**

**Accounting Operations (50%)**
- Ownership of the full Singapore entity (Singapore SGD01, Regional Office SEA01 and smaller NSS01 and North Asia NAR01) related month end close process - leads day to day dialogue with FSS and HQ. Proactively engaging with Singapore stakeholders on close items such as accrual reasonability.
- Calculating appropriate revenue and expense accruals and making adjusting entries where required and communicating to shared services for data entry.
- Recommend accounting operations process improvement opportunities to FSS and Regional Finance Manager and implement agreed actions.
- Significant interaction and ability to solve issues collaboratively with shared services (India) or other global colleagues (SEA or Australia)
- Ownership of the full Singapore entity Accounts Payable (AP) process - driving all day to day, routine (e.g. masterdata) and process improvements with stakeholders (region, management, operations, FSS):

- Monitor P2P (Ariba, Concur and Oracle) systems to ensure that procurement is initiated and payments are entered into system follow company policy highlighting gaps to direct/dotted line manager/s.
- Ensure that P2P required masterdata is maintained to high standard (highlighting gaps or integrity issues to other Singapore IDP teams).
- Assist operational teams troubleshoot AP issues.
- Timely submission of adhoc supporting documents to Shared Services for data entry (if any).
- Jointly monitor expenses coding (ensuring FSS are clear on guidelines and checks performed correctly). Proactively taking action as needed.
- Oversight and review of activity by Shared Services - highlight issues and holding shared services accountable to remedy issues.
- Monitor and improve internal processes to enhance efficiency, effectiveness and minimise risk.
- Working closely with operational teams and FSS to ensure SP events are accounted for correctly.
- Leading funding/banking activities including direct liaison with HQ teams, HSBC, DBS as needed.
- Work with CM (or CLT), region finance and HQ on future banking and or cash receipts solutions:

- Liaison with HSBC to undertake new initiatives or resolve issues.
- Support Regional Finance Manager to analyse and review entity funding and document findings and recommendations.
- Ownership of full Singapore entity claims reimbursement process - and compliance issues rectified. Proactively engage with operations teams/ FSS/CM/Region Finance as needed. Ensure smooth Concur processes engaging systems teams or operational teams as needed:

- Ensure reimbursement rules and allocations are provided and updated to shared services.
- To continuously streamline or improve internal processes to enhance efficiency.
- Manage petty cash process by ensuring petty cash is used on an exception basis only and appropriate cash controls and retaining supporting documents and approvals.
- Improve lifecycle asset control with Singapore and Regional Colleagues - implementing clear processes with colleagues.
- Clear documentation of Singapore entity financial accounting and routine finance operations processes. Proactively socialise updates.
- Support Country Manager and Regional Finance Manager to review Singapore operations SP revenue trends and billing activity. Working closely with multiple internal departments to resolve billing or revenue



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