Finance Manager

Finance managers develop and monitor departmental budgets. They make relevant financial forecasts for their company. They work with other managers and their staff to establish their company’s future budgets. Their department keeps track of ongoing expenses to make sure that they are not over the budget. They ask relevant managers for clarification when their departmental expenses have surpassed the established budget. They are responsible for accurate and timely reporting of various. They must take ownership of various projects and delegate them to their staff. They follow up with their staff regarding project progress.

They must ensure that all projects meet established deadlines. They must conduct performance evaluations in a timely manner and provide timely feedback to their staff. They must have prior management or supervisory experience in the same industry. They must have strong leadership and interpersonal skills. They must have excellent oral and written communication skills. They must be able to build strong teamwork. They must be comfortable making presentations and leading various staff meetings.

They must have a bachelor’s degree in finance, management, accounting, business administration, or other relevant fields. Some employers prefer that candidates have CPA certifications and/or MBAs. They must have strong analytical skills. They must be familiar with Microsoft Office suite and their organization's computer system. They must have a high degree of proficiency in working with various financial applications and reporting tools.

As a Finance Manager with 3-6 years of experience in Singapore, your main responsibilities include:

• Overseeing financial operations, including budgeting, forecasting, and financial analysis, to ensure the organization's financial health and compliance. Monitoring and analyzing financial data to identify areas for improvement and cost-saving opportunities.
• Managing the preparation of financial statements, reports, and budgets, and presenting them to management for decision-making. Providing timely and accurate financial information to assist in strategic planning and decision-making processes.
• Collaborating with internal stakeholders to develop financial strategies and goals that align with the organization's objectives. Working closely with departments to understand their financial needs and provide guidance on budget management.
• Ensuring compliance with financial regulations and reporting requirements, including tax filings and audits.

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

• Extensive financial knowledge and expertise to oversee financial operations and ensure compliance with relevant regulations and policies.
• Strong analytical skills to perform financial analysis, identify trends, and provide strategic recommendations to improve financial performance.
• Excellent leadership abilities to manage a team of financial professionals, set clear objectives, and drive results.
• Effective communication and interpersonal skills to collaborate with stakeholders, present financial information, and influence decision-making processes.

The role of Finance Manager is instrumental in overseeing financial operations and ensuring sound fiscal management. For individuals with 3-6 years of experience in Singapore's finance industry, there are several alternative roles worth considering. Here are following options to explore:

• Financial Controller: A role with increased responsibilities, including financial planning, budgeting, and analysis, as well as ensuring compliance with regulatory requirements.
• Risk Manager: A position focused on identifying and managing financial risks, developing risk mitigation strategies, and implementing internal control measures.
• Investment Analyst: A role involving researching and analyzing investment opportunities, assessing financial performance, and providing recommendations for portfolio management.
• Business Development Manager: A position centered around identifying growth opportunities, conducting market research, and developing strategies to expand the organization's financial operations.

The role of a Finance Manager in Singapore is projected to grow significantly in the market due to the country's strong financial sector. According to a 10-year analysis, the demand for finance managers is expected to increase steadily, driven by the need for financial expertise in various industries. With Singapore being a global financial hub and a favorable business environment, employment opportunities for finance managers are expected to be ample. This growth is supported by recent data from Google, highlighting an upward trend in job postings and an increasing number of companies seeking finance professionals for their operations in Singapore.