Senior Financial Operations

Description

The Senior Financial Operations Specialist will be responsible for providing comprehensive financial management support for Asia region (Singapore, China & Japan) within the IBSol department, focusing on cost management, financial reporting, and vendor management.

Responsibilities

Financial Operations & Reporting:

• Lead financial reporting and analysis, including monthly/quarterly/annual closings
• Manage complex cost allocation processes across regional IT departments
• Oversee accrual and provision management according to IFRS standards
• Conduct financial forecasting and budgeting for regional operations
• Develop and maintain financial models for cost analysis and projections
• Handle inter-company transactions and reconciliations

Vendor & Contract Management:

• Manage end-to-end procurement processes for IT services and equipment
• Review and process vendor invoices ensuring compliance with contractual terms
• Maintain contract database and contract documentation
• Monitor vendor performance against contractual obligations
• Process inter-company account payable and receivable

Cost Control & Analysis:

• Implement and maintain cost controlling frameworks
• Analyze cost drivers and identify optimization opportunities
• Develop cost allocation models for fair charge-back mechanisms
• Monitor budget utilization and variance analysis
• Prepare management reports on cost developments and trends

Formal education:

• Bachelor's degree in Finance, Accounting, or related field
• Minimum 5 years experience in financial operations or controlling
• Professional certification (ACCA, CPA, CIMA) preferred
• Advanced Excel skills including complex formulas, pivot tables, and VBA
• Experience with SAP or similar ERP systems

Skills and Qualifications

Essential Knowledge & Skills:

• In-depth knowledge of cost accounting principles and methodologies
• Strong understanding of IFRS standards, particularly related to accruals and provisions
• Experience in cost center management and allocation methods
• Proficiency in financial forecasting and budgeting techniques
• Knowledge of inter-company accounting and reconciliation processes
• Strong analytical skills with attention to detail
• Experience in vendor management and contract administration

Additional Requirements:

• Experience in working with international teams
• Strong communication skills in English, both written and verbal
• Ability to work independently and manage multiple priorities
• Problem-solving mindset with proactive approach
• Experience in banking/financial services industry preferred

Personal Competencies:

• Strong analytical and problem-solving abilities
• Excellent attention to detail and accuracy
• Proactive and self-motivated work style
• Strong interpersonal and communication skills
• Ability to work effectively in a cross-cultural environment