Manager, Finance

COMPANY DESCRIPTION

Montfort Care is a Social Service Agency (SSA) founded by Samuel Ng, BBM in 1998, committed to improving the lives of individuals, families, and the community facing transitional challenges through our network of services and programmes. Since its inception, Montfort Care has been guided by one purpose, that from St Louis-Marie de Montfort: Those whom the world rejection s must move you the most.

Today, we are a key contributor in the family, children and senior segments in the social service landscape, offering our services via Family Service centres, a Child Protection Specialist Centre, a community kitchen, home care services, Active Ageing Centres, and the National Anti-Violence and Sexual Harassment Helpline (NAVH).

Montfort Care is committed to grow our portfolio of services and enhance our capabilities to impact more lives. With this goal in mind, we are hiring talent to join our team in our HQ functions, social service support and direct social services. Join us to co-create a community of social service.

DESIGNATION : Manager, Finance

RESPONSIBILITIES

The role is responsible for overseeing Montfort Care's operations and reporting, financial planning and analysis including but not limited to budgeting, forecasting, and long-term financial planning.

He/She ensures operations are run smoothly, conducts in-depth financial analysis to support decision-making, prepares and distributes financial reports, and analyses variances between actual and budgeted financial results.

The role also involves collaborating with internal stakeholders to communicate financial performance, identify opportunities for growth, and ensure compliance with regulatory requirements. Additionally, he/she also leads process improvements to enhance efficiency and manages a team, providing guidance and support to achieve the organization's financial goals.

**Responsibilities**:
**1. Financial Management and Transformation**:

- Develop and implement financial policies, procedures, and controls to ensure compliance with regulatory requirements and best practices
- Lead finance transformation initiatives to streamline processes, improve efficiency, and enhance financial reporting capabilities
- Manage the Finance Operations including but not limited to Accounts Payable, Accounts Receivables, General Ledger
- Manage the annual budget, including forecasting and monitoring financial performance against budget
- Provide financial analysis and recommendations to the Senior Management and Board of Directors to support strategic decision-making
- Ensure timely and accurate financial reporting, including monthly, quarterly, and annual financial statements

**2. Procurement Management**:

- Develop and implement procurement strategies to support the organization's goals and objectives
- Oversee the procurement process, including vendor selection, contract negotiation, and supplier management
- Identify opportunities for cost savings and process improvements in procurement activities
- Ensure compliance with procurement policies and procedures, as well as relevant regulatory requirements

**3. Financial Planning and Analysis**:

- Develop and maintain financial planning processes, including budgeting, forecasting, and long-term financial planning. This involves working closely with senior management, various departments and the Head, Finance/Corporate Service to understand their financial needs and aligning them with Montfort Care's overall financial goals
- Conduct in-depth financial analysis to support decision-making, identify trends, and provide insights into our financial performance. This includes analysing financial data, preparing reports, and presenting findings to management. It also includes evaluating new initiatives, assessing financial risks, and identifying opportunities for growth and efficiency

**4. Budgeting and Forecasting**:

- Oversee the preparation and distribution of financial reports, including monthly, quarterly, and annual financial statements. Ensure compliance with accounting standards and regulatory requirements
- Analyse variances between actual and budgeted financial results, investigate the causes of variances, and recommend corrective actions as necessary

**5. Process Improvement**
- Identify opportunities to streamline financial processes, improve efficiency, and enhance the quality of financial reporting and analysis

**6. Compliance and Risk Management**
- Ensure compliance with regulatory requirements and internal policies
- Identify and mitigate financial risks to the organization

**7. Team Leadership**:

- Lead and manage the reporting team, providing guidance, support, and professional development opportunities
- Foster a culture of collaboration, innovation, and continuous improvement within the team

**8. Stakeholder Engagement**:

- Collaborate with internal stakeholders, including senior management and department heads, to align financial activities with organizational