Senior Financial Operations

Job Overview

The Senior Financial Operations Specialist is tasked with delivering extensive financial management assistance for the Asia region (Singapore, China, and Japan) within the IBSol department, with a primary focus on cost management, financial reporting, and vendor oversight.

Key Responsibilities

Financial Operations & Reporting:

• Drive financial reporting and analysis, encompassing monthly, quarterly, and annual closings
• Oversee intricate cost allocation processes across regional IT divisions
• Manage accruals and provisions in accordance with IFRS guidelines
• Execute financial forecasting and budgeting for regional activities
• Create and sustain financial models for cost analysis and future projections
• Administer inter-company transactions and reconciliations

Vendor & Contract Oversight:

• Supervise the complete procurement process for IT services and equipment
• Examine and process vendor invoices to ensure adherence to contractual stipulations
• Maintain an organized contract database and documentation
• Evaluate vendor performance against contractual commitments
• Handle inter-company accounts payable and receivable

Cost Control & Analysis:

• Establish and uphold cost controlling frameworks
• Assess cost drivers and pinpoint opportunities for optimization
• Formulate cost allocation models to ensure equitable charge-back mechanisms
• Track budget utilization and conduct variance analysis
• Compile management reports detailing cost trends and developments

Educational Qualifications:

• Bachelor's degree in Finance, Accounting, or a related discipline
• A minimum of 5 years of experience in financial operations or controlling
• Professional certification (ACCA, CPA, CIMA) is preferred
• Proficient in advanced Excel functions, including complex formulas, pivot tables, and VBA
• Familiarity with SAP or comparable ERP systems

Skills and Competencies

Fundamental Knowledge & Skills:

• Comprehensive understanding of cost accounting principles and methodologies
• Strong grasp of IFRS standards, especially regarding accruals and provisions
• Experience in managing cost centers and allocation strategies
• Expertise in financial forecasting and budgeting methodologies
• Familiarity with inter-company accounting and reconciliation practices
• Exceptional analytical abilities with a keen eye for detail
• Experience in vendor management and contract oversight

Additional Qualifications:

• Experience collaborating with international teams
• Excellent verbal and written communication skills in English
• Able to work autonomously while managing multiple responsibilities
• Proactive problem-solving mindset
• Experience in the banking or financial services sector is preferred

Personal Attributes:

• Strong analytical and problem-solving skills
• Outstanding attention to detail and precision
• Self-motivated with a proactive work ethic
• Strong communication and interpersonal skills
• Ability to thrive in a multicultural environment