Financial Reporting Manager

Job Summary:

The Manager of Financial Reporting will assist in overseeing the preparation, accuracy, and timely submission of financial and tax reports, ensuring compliance with internal policies, industry regulations, and external reporting standards. This role requires a strong understanding of accounting principles, financial analysis, taxation and experience in managing financial reporting processes. The Deputy Manager will support the Financial Reporting Manager in guiding the reporting team, analyzing financial data, and contributing to strategic decision-making processes.

Key Responsibilities:

1. Financial Reporting:

• Assist in preparing monthly, quarterly, and annual financial statements in accordance with GAAP/IFRS and other relevant standards.
• Ensure accuracy, completeness, and compliance of financial statements with regulatory and corporate requirements.
• Collaborate with other departments to gather relevant financial data and support internal and external audit processes.

1. Tax Filing and Compliance:

• Review good and services tax (GST) transactions to ensure compliance with IRAS guidelines, including accurate GST filing.
• Ensure Corporate tax computations are accurate and that all relevant supporting documents are in place.
• Implement updates and internal practices to ensure ongoing compliance to Tax regulations.

1. General Ledger Accounting and Month-End Closing:

• Ensure accurate and timely processing of general ledger accounting, and be accountable for local financial book quality, prepare management report for parent companies.
• Conduct month-end closing activities and reconciliations, reconcile elimination entries.

1. Compliance and Regulatory Adherence:

• Monitor and maintain compliance with accounting standards, regulatory requirements, and reporting deadlines.
• Assist in implementing new accounting standards, interpreting guidelines, and assessing the impact on financial reporting.
• Prepare documents and work papers for auditors and regulatory bodies, ensuring prompt response to queries.
• Liaise with internal/external auditors in respect of operation or quarterly audit and attend to their queries.

1. Financial Analysis and Insights:

• Analyze financial data and provide insights and recommendations to management.
• Identify and evaluate trends, variances, and risks in financial data to support business decisions.
• Work with the team to develop financial projections, budget analyses, and variance reports.

1. Process Improvement:

• Identify and recommend improvements in financial reporting processes to enhance efficiency and accuracy.
• Support the development and implementation of automated solutions to streamline financial reporting activities.
• Ensure that proper internal controls are in place and propose enhancements to the existing control environment.

1. Team Collaboration and Leadership:

• Assist in guiding and mentoring the financial reporting team, providing support and professional development opportunities.
• Delegate tasks effectively, ensuring team members understand responsibilities and timelines.
• Foster a culture of continuous improvement, encouraging the team to identify innovative solutions and maintain high-quality standards.

Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field (Master's degree or CPA/ACCA/CMA preferred).
• 4-6 years in financial reporting (GAAP/IFRS), preferable with public accounting, or Fab/Manufacturing experience.
• Proficiency in accounting software and ERP systems (SAP, Oracle, etc.).
• Advanced Excel skills for data analysis and reporting.
• Strong understanding of accounting principles and financial reporting standards.
• Excellent analytical, organizational, and problem-solving skills.
• Independent, proactive with a positive and hands-on attitude.
• Ability to work in a fast-paced environment and manage multiple priorities.
• Strong communication skills, with the ability to present complex data clearly and accurately.

Key Competencies:

• Attention to Detail: Precision in reporting and compliance with standards.
• Time Management: Ability to meet reporting deadlines and handle multiple tasks.
• Leadership: Capability to support and mentor a team while driving process improvements.
• Strategic Thinking: Ability to provide insights that support business objectives and risk mitigation.