Regional Head of Finance

Singapore, Singapore
Competitive salary
16 Sep 2020
24 Sep 2020
Job role
Head of finance
Experience level
About Cove: Cove is the new way to rent your home! We're a co-living start-up making it easier and more affordable for people to rent rooms. We provide our tenants with stylishly furnished properties, in the most awesome locations in Singapore and Jakarta and make the whole rental process seamless from end to end. Our contract terms are flexible like our tenant's lives and our rental prices include everything from utilities and wifi and weekly cleaning. Our tenants get matched with great flatmates and also have access to our community events around the city. Cove is backed by strong global investors and has raised US$2M in its last funding round. The company aims to grow fast in Southeast Asia and be the #1 co-living operator in the region.

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Job Title: Head of Finance

Job Type: Full Time

Start Date: ASAP

Location: Singapore

Reports To: Co-founder & COO

Role Purpose: Responsible for leading and managing Cove's regional finance department (covering Singapore and Indonesia) and providing strategic financial advice and support to the founders and senior managers.

  • Manage and continue to develop the finance function at Cove
  • Build, implement and lead Cove's financial planning, analysis, cash management, governance and controls processes
  • Monthly financial reporting - internally and to external stakeholders
  • Accountable for annual financial audited accounts at both group and subsidiary level
  • Introduce risk management controls and best practices, especially in respect to lease liability management
  • Ensure accurate runway forecasting and management in the context of geographic expansion and business development
  • Ensure tax efficiency of Cove's product offering in relation to VAT, GST, withholding tax and other relevant taxation
  • Introduce robust suite of project-level revenue reporting SOPs, able to capture a diverse suite of agreements with Real Estate partners (spanning lease, revenue share, management agreement, and hybrid models) and that can be progressively automated over time
  • Expand Cove's financing options beyond equity and venture debt, and progressively introduce trade finance and other debt or debt-like products (e.g. receivables financing; bank or insurance guarantees; etc.) into Cove's financing mix
  • Delivery of strategic finance projects in cooperation with other departments (e.g. payments tech; analytics & reporting automations; introduction of multi-level holdco + subsidiary structure for risk management; etc.)

Core Responsibilities:
  • Accountable for structured, regular and accurate book keeping and accounting at both subsidiary and group consolidation level
  • Cash-flow management including overseeing accounts payable and receivable, and driving the efficiency of these functions through progressive automation
  • Managing relationships with banking and trade/working capital providers, including reporting and ensuring optimal utilization of financing products on offer
  • Understanding relevant tax regulations, and their impact on Cove at project and corporate structure level
  • Overseeing the day-to-day administration of Cove's tax commitments
  • Regular financial reporting to internal teams and external stakeholders
  • Working with department heads on their financial analysis, planning and budgets to ensure that business financial targets are met
  • Implementing and monitoring internal financial governance and controls processes, including relevant financial and ethical compliance laws and best practices (anti-bribery, AML, KYC, etc.)
  • Ensuring financial practices are in line with local regulations and legislation, and international IFRS standards
  • Analysis of financial climate and trends to support senior management strategic business planning
  • Ongoing liability monitoring and stress-testing, in respect to lease commitments
  • Conducting strategic financial analysis and planning to ensure Cove meets committed business targets in the short and longer term
  • Managing the finance team ensuring all positions are filled and that team members are engaged, motivated and trained on all relevant topics
  • Continue to develop Cove's financial capability and org structure in line with the business' growth ambitions
  • Identify and implement tech solutions to improve finance processes for internal team members and our external customers and other stakeholders
  • Assist founders with financial implications of corporate strategy


University graduate ideally with an analytical or finance related degree

Minimum of 7 years' experience in a Strategic Finance role, with at least 3 years specific experience in Real Estate and lease management

CFA Level III qualification

Core Skills/Competencies:
  • Strategic thinker: able to see the big picture, make clear choices and create from scratch
  • Strong people leader: understands how to build and motivate teams
  • Entrepreneurial spirit: not afraid to get stuck into execution and deal with ambiguity and a fast pace of work
  • Analytical: accomplished at financial modelling with strong attention to detail
  • Clear and credible communicator: can simplify complex data and present to stakeholders and colleagues at all levels
  • Integrity: can be trusted to handle sensitive information, make the right decisions and communicate honestly

What's in it for You:

Working for Cove gives you the opportunity to join an exciting young start-up incubated through and backed by world class investors. There will be lots to learn as you'll be working directly with the three co-founders Sophie, Luca and Guillaume and get to experience first-hand what it takes to get a new high-growth business off the ground. In your role, you'll have the opportunity to hit the ground running and take ownership from day one. We will always welcome your inputs and ideas and actively encourage your development. The team is fast paced, hard-working and expects results but we also highly value our employee engagement and are committed to a human and empathetic environment with plenty of fun thrown in.