Finance Manager & Finance Officer

Recruiter
RedDot Hunters Pte Ltd
Location
Singapore
Salary
Competitive salary
Posted
04 Mar 2021
Closes
23 Mar 2021
Ref
VL3Jgr73NBlf
Job role
Finance manager
Sector
Accounting - Public practice
Experience level
Manager
RESPONSIBILITIES

The client is a mid-size foreign bank with wholesale banking license and small portion of retail banking services offered. There are two positions available in the bank's finance team, MANAGER position and Officer position.

Daily
  • Prepare daily P/L and B/S and explain for major movements.
  • Review adjusted capital funds and single borrower's limits.
  • Review asset maintenance requirement.
  • Check input of daily exchange rates prepared by Treasury and Settlement Depts.
  • Review MAS and other nostro accts reconciliation.
  • Review daily Qualifying Liabilities for Minimum Liquid Asset requirement

Fortnightly
  • Review MAS 704 - Minimum Cash Balance and submit Qualifying Liabilities. and MCB returns to MAS.
  • Review MAS 610 for submission to MAS (mid-month)
  • Review Asset Maintenance Requirement for submission to MAS (mid-month)
  • Review Deposits of Non-Bank Customers and Interest Rates for submission to MAS (mid-month).

Monthly
  • Review MAS 610 - Statement of Assets and Liabilities.
  • Review Monthly MAS Reporting .
  • Review S27, MAS 611 - Statement of Advances, Loans and Credit Facilities to Related Persons.
  • Prepare and submit MAS 757 - S$ credit facilities to non-residents.
  • Prepare and submit MAS 613 - Cash flow-Liquid assets.
  • Prepare reporting package of B/S and P/L for Head Office.
  • Review Inter-Office Interest Reconciliation.
  • Prepare forward exchange rates (obtained from Treasury) spreadsheet for Settlements Dept.
  • Check and confirm staff's input of MAS rates.
  • Review Suspense Accounts.

Quarterly
  • Review Quarterly Income and Expenditure Returns to MAS.
  • Review Section 35 - Exposure to Immovable Property.
  • Prepare and submit MAS 610 appendix 3 - Quarterly Return on Classified Exposures.
  • Prepare and submit BIS - Consolidated International Banking Statistics.

Semi-annual
  • Review MAS 630 - Private equity & venture capital investments.

Annual
  • Liaise with external auditors on annual audited financial statements.
  • Prepare audit schedules and draft accounts.
  • Liaise with Head Office for HO allocated expenses.
  • Liaise with tax consultants on income tax returns.
  • Prepare tax schedules and other supporting documents.
  • Liaise with advertising company for publication of the bank's consolidated financial statements in the newspapers (MAS requirement).
  • Liaise with Company Secretary on submissions of accounts and notifications (change of agents, change of M&A) to ACRA.
  • Review Annual Survey of Services to MAS.
  • Submit other surveys to Department of Statistics.

QUALIFICATIONS
  • Diploma / Bachlelor's degree in accounting or equivalent.
  • Minimim 3 years of experienced in banking for officer position and 8 years for manager position.
  • Excellent written and verbal communication skills, with strong project management skills, and self-motivated attitude.
  • Excellent computer skills including Excel, Access, Word, Power Point and financial software packages as needed.
  • Highly organized, detail-oriented, a strong work ethic, and demonstrated teamwork skills.
  • Ability to function independently and effectively in a self-directed environment.

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