Assistant Manager, Finance

Performance Motors Limited (PML), a Sime Darby Motors Company, endeavours to be the undisputed leader in the automobile industry. As the dealer of BMW cars and motorcycles in Singapore since 1979, Performance Motors has been synonymous with performance and sheer driving pleasure.

**Job Purpose**
- Assist Finance Manager to ensure compliance with Group’s policies and relevant laws/ regulations in respect of financial matters and contribute positively to the company’s profitability and return on investment by exercising effective cost control measures and asset management.
- Co-ordinate with shared services centre relating to accounting operations including day-to-day finance operations so as to keep proper accounting records and meet reporting requirements on time.
- Financial accounting
- Review closing SL and PL journal and monthly SL and PL accounting schedule
- Review monthly sub-ledger reconciliation signed off for reporting submission
- Review inter-location transfer record for GST supplies declaration
- Review for internal revenue elimination
- Credit a/c review and account creation proposal
- Review Sales & Purchasing Commission, Insurance and Finance Commission for payroll
- Prepare/ Review payroll journals
- Compliance review of FRS 116 and FRS 115
- To monitor recoverability of BMW Bonus and VKH
- Review accounts reconciliations and schedules
- Review monthly bank reconciliation for sign-off and follow-up
- Annual Statutory Accounts, XBRL
- GST and tax
- Provide assistance and research correct treatment
- Review for GST compliance
- Finalise corporate tax computations for review by HO and tax consultants
- Implement and review controls and processes
- Continuously review processes to ensure that controls are in place, recommend and implement new controls where necessary
- Review and implement process improvements
- Assist FM in preparation for AR and AP workflow documentation and signed off
- Capital expenditure purchases (SDS only)
- Perform credit assessment of customers
- Review capex of SDS cars purchases
- Cashflow and banking matters
- Monitor daily cashflow requirements
- Monitor and book forex cover for foreign currency payments
- Prepare Quarterly Cashflow Projection
- Liaison with financial institutions for all banking relating activities. i.e., opening & closing of bank accounts, updating of bank signatories etc
- Assist with funding matters including preparing of bank letters for drawdown, repayments, rollover
- Attending to banks queries - annual reviews, ad hoc requests
- Provide assistance to reporting team to formulate budget and forecasts
- Provide advice, guidelines and instructions to shared services centre and operations on new issues / clarify current practices
- IT matters
- Implement and test new programs developed to ensure that they function correctly based on our requirement
- Set up parameters and interfaces in GDMS for new models and/ or franchise.
- Supervise and guide AP/AR team

**Job Requirement**
- Degree in Accounting & Finance or equivalent professional accounting qualification (e.g. ACCA)
- More than 5 years of relevant working experience in accounting
- Good Excel skills
- Able to work in fast-paced environment

Sime Darby Motors is the automotive arm of Sime Darby. One of the leading automotive players in the Asia-Pacific region with presence in nine markets, Sime Darby Motors spans across Malaysia, Australia, China, Hong Kong, Macau, New Zealand, Singapore, Thailand, and Taiwan. A key industry player, it is actively invested across the entire value chain of the automotive business, from assembly, importation, distribution and retail, to after-sales services and rental, with more than 12,000 employees across the nine markets.