Assistant Manager, Finance
All applications will be handled with strict confidence. We regret that only short-listed candidates will be notified.
JOB DESCRIPTION
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Develop, review and update current financial SOPs of SAAC periodically, with reference to the policy and SOP from the Group.
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Budget forecast, budget tracking and monitoring the budget variance.
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Manage relevant government grants, funding (e.g. Community Silver Trust) and prepare necessary financial or statutory reports within the stipulated timeline
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Ensure proper recording of accounts and regular review of financial statements
(Fixed Assets register, monthly reconciliations of bank, accounts receivables,
accounts payable and other account analysis)
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Ensure prompt month end closing and timely submission of financial reports to
Head Office (for Group Consolidation and statutory reporting)
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Ensure compliance with statutory laws, audit and GST reporting in accordance to good governance of the organisation
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Comply with Singapore Financial Reporting Standards
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Responsible for implementation of internal control processes
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Responsible for both internal and external audits and certifications. (required by MOE, NCSS, SG Enable etc)
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Develop and maintain effective working relationships with staffs, auditors, bankers
and statutory organisations
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Identify areas for improving financial efficiency
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Prepare the 12- month cash flow projection to ensure sufficiency of funds for operations for submission to CEO.
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Ensure that the Norm cost for students and their subsidy information are accurately maintained in the Student Client Management System.
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Ensure accurate and prompt billing of school fees using the Student Client Management System and the interfaced to the Accpac Accounts Receivable module.
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Check the Electronic Fund Transfer file prepared by the finance executive before file is uploaded to DBS Ideal bank portal for collection of school fees via GIRO deductions.
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Ensure prompt collection of school fees by having regular reviews of the Accounts Receivable listing with the Principal and the social work team.
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Ensure proper record of donations received and work with the Group finance for the issuance of tax donation receipts.
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Monitor and report on the usage of restricted funds or donations for needy students.
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Work with the HR department to ensure prompt recording of payroll payments, accrual for bonus and unconsumed leave in the accounting system.
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Overall in charge of ensuring the Procure-To-Pay process is in order. Review the recording of invoices and approve payment file prepared by finance executive
before submission to the bank portal.
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Prepare and present the financial statements at the School Management Council Meetings held quarterly.
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Maintain the bank signing mandate for the school as approved by the Board.
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Handle enquiries on finance matters from Parents, Vendors and the various ministries.
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Coach and supervise the finance executive.
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Any other duties as may be assigned from time to time.
JOB SPECIFICATIONS:
– Recognized degree or professional qualification in Accountancy or equivalent.
– Minimum 3 years relevant working experience in financial and management
accounting background
– Familiar with Charity Act, Code of Governance for Charity and Singapore Charities
Accounting Standard will be an advantage
– Conversant in MS Office Applications
– Experience in Navision/ ACCPAC will be an advantage
– Meticulous and able to work with minimum supervision
– A team player with good communication and interpersonal skills