Commercial Finance Manager

Simply put, the goal of a commercial finance manager is to increase profits for their business. These managers analyze various data from company performance and determine areas for improvement, so applicants should have up-to-date knowledge of trends in the marketplace in order to propose new ideas and opportunities. It is also important to keep an eye on the competition to develop the most effective strategies.

A commercial finance manager may also work with his/her company's marketing department to help develop profitable ideas for promotions and set prices for products. He/she also analyzes all of the company’s operations throughout the supply chain to determine where efficiency or cost-effectiveness can be improved. This is often a leadership position which involves working with a commercial finance team, so some hiring and disciplinary duties may be necessary to develop successful teams.

These managers will also help the finance and accounting departments within the company to ensure that they're operating efficiently. They will provide advice to these departments in areas such as profitability forecasting, performance reporting, marketing analysis, and new product development. These managers also help other managers develop policies and work protocols, including working with the finance department to develop plans, forecasts, and analyses. Generally, a minimum of a Bachelor’s degree in Accounting, Business or Finance is required, along with years of work experience in a relevant field. Some leadership experience may also be required. Some positions require a Master’s degree.

As a Commercial Finance Manager in Singapore with 6-9 years of experience, your main responsibilities include:

• Oversee financial operations, including budgeting, forecasting, and financial analysis, to support business growth and profitability.
• Develop and implement financial strategies and policies to optimize working capital, manage cash flow, and mitigate financial risks.
• Collaborate with cross-functional teams to provide financial insights and recommendations for strategic decision-making.
• Ensure compliance with local financial regulations and accounting standards, and oversee the preparation of financial statements and reports.

For a Commercial Finance Manager job role, the following qualifications are required:

• Advanced knowledge of financial analysis and forecasting techniques to provide strategic insights and recommendations to optimize business performance.
• Strong understanding of financial regulations and compliance to ensure adherence to legal and industry standards in financial reporting and transactions.
• Excellent interpersonal and communication skills to effectively collaborate with cross-functional teams, senior management, and external stakeholders.
• Demonstrated experience in financial modeling, budgeting, and planning to support decision-making and drive the achievement of financial goals.

The role of a Commercial Finance Manager in Singapore, with 6-9 years of experience, is vital for overseeing financial operations. For professionals in this field, there are alternative roles to consider. Here are following options:

• Senior Accountant: Taking on additional responsibilities such as financial reporting and regulatory compliance.
• Treasury Manager: Focused on managing cash flow, liquidity, and investment activities, including forecasting and risk management.
• Procurement Manager: Involves managing supplier relationships, negotiating contracts, and overseeing purchasing processes.
• Financial Analyst: Concentrates on monitoring financial performance, developing forecasts, and providing strategic decision-making insights.

The role of Commercial Finance Manager in Singapore is expected to witness substantial growth in the future. With the rapid expansion of the country's financial sector and increasing demand for financial expertise, there is a significant market growth for this position. An analysis of the last 10 years reveals a consistent increase in employment opportunities for Commercial Finance Managers. According to recent data, the number of available positions is expected to further rise in the coming years. These projections are aligned with Singapore's thriving economy, which continues to attract global businesses and investments.