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 6-9 years of experience in Singapore, your main responsibilities include:

• Oversee financial operations, including budgeting, forecasting, and financial reporting, to ensure compliance with regulatory requirements and organizational goals.
• Develop and implement financial strategies to optimize company's performance and profitability, including cost reduction initiatives and revenue enhancement plans.
• Manage financial planning and analysis activities, including variance analysis, financial modeling, and risk assessment, to support decision-making and strategic planning.
• Lead a team of financial professionals, providing guidance and mentorship, and collaborate with cross-functional teams to support business objectives and drive financial performance.

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.

The role of a Senior Finance Manager in Singapore, with 6-9 years of experience, is crucial for financial management and strategic decision-making. For professionals seeking alternative roles in the finance industry, the following options are worth considering:

• Senior Accountant: This role entails more extensive responsibilities such as financial reporting and regulatory compliance.
• Treasury Manager: Focused on managing an organization's cash and liquidity, including activities like forecasting, risk management, and investments.
• Procurement Manager: This position involves overseeing supplier relationships, negotiating contracts, and managing purchasing processes.
• Financial Analyst: Concentrating on monitoring financial performance, developing forecasts, and providing insights to support strategic decision-making.

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.