Senior Finance Manager

The senior finance manager is responsible for many of the monetary operations and decision for their organization. The senior finance manager controls a large amount of a company's capital, including how that capital is spent. To decide how the company's money is best spend, the senior finance manager must be able to create forecasts that explain and predict the results of particular investments. In addition, the senior finance manager is responsible for compiling information on assets and sales (as applicable), and communicating these figure to executives and subordinate managers in the organization. Finally, a senior finance manager is responsible for keeping open lines of communication with business partners to discuss potential joint ventures.

A senior finance manager typically needs a bachelor’s degree in finance, accounting, or another business-related field, as well as financial experience in their company's field (retail, manufacturing, etc.). In addition, the individual must have excellent communication and analytical skills and the ability to handle large, important decisions.

As a Senior Finance Manager with 9+ years of experience in Singapore, your main responsibilities include:

• Oversee financial planning, budgeting, and forecasting activities to ensure alignment with organizational goals and objectives. Develop comprehensive financial plans, budgets, and forecasts based on market analysis and business insights.
• Lead financial reporting and analysis, providing accurate and timely financial information to stakeholders and senior management. Prepare and present financial statements, reports, and variance analysis to support decision-making and drive business performance.
• Manage risk and ensure compliance with financial regulations, internal controls, and accounting standards. Implement effective risk management strategies, internal control processes, and compliance frameworks to safeguard financial assets.
• Provide strategic financial guidance and support to key stakeholders, collaborating with cross-functional teams to drive business growth and optimize profitability.

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

• Extensive experience in financial management, including budgeting, forecasting, and financial analysis. The candidate should have a strong understanding of financial principles and the ability to apply them effectively in a corporate setting.
• Proven leadership capabilities to lead and supervise a team of finance professionals. The individual should be able to provide guidance and support to team members, motivate them, and drive them to achieve departmental goals.
• Excellent knowledge of financial regulations and compliance standards. The candidate should be familiar with regulatory requirements in the finance industry and be able to ensure the organization remains compliant with all relevant laws and regulations.
• Strong communication and presentation skills to effectively communicate financial information to both financial and non-financial stakeholders.

For a Senior Finance Manager with 9+ years of experience in Singapore, there are several alternative roles to consider. Here are following options:

• Compliance Manager: A crucial role that involves ensuring adherence to financial regulations, policies, and procedures. Compliance Managers work closely with internal and external stakeholders to implement and monitor compliance frameworks.
• Investment Manager: This role focuses on managing and growing investment portfolios, analyzing market trends, and making informed investment decisions to maximize returns while minimizing risk.
• Financial Controller: A position that involves overseeing the financial operations of an organization, including financial reporting, budgeting, and forecasting. Financial Controllers also provide strategic advice to senior management based on financial analysis.
• Risk Manager: A role dedicated to identifying, analyzing, and mitigating potential risks that may impact the financial stability and reputation of an organization.

The senior finance manager role in Singapore is expected to witness steady growth in the market. Over the past 10 years, there has been a strong demand for this position, primarily driven by the financial sector's growth in the country. As Singapore continues to establish itself as a global financial hub, it is anticipated that this trend will persist. Numerous upcoming employment opportunities are likely to arise, as companies require skilled professionals to navigate the increasingly complex financial landscape. With a thriving economy and the country's focus on attracting finance talent, the senior finance manager role in Singapore is projected to offer ample opportunities for career advancement.