Business Finance Manager (Contract)

Responsibilities: Budgeting & Forecasting: - Full year budget and assist with projections of quarterly forecast on Group IT Division’s Capex and Opex. - Preparation of cost allocation and guidance on Group IT related charges to be used during the budget process. - Assist to review and compile Bankwide IT & Operations Budgets (Opex and Capex), including Bank and overseas operations. - Assist to review & tracking of all IT related Opex to ensure all expenditures are spent within budget. - Assist with projections of quarterly forecast and full year budget on GOT Division’s Capex and Opex & QSBM reporting. Capex, Expenses Management & Cost Allocation: - Review Capex and Opex request from the department. - Responsible to ensure the accuracy and timelines of the monthly IT Opex accrual. - Perform financial and variance analysis on operational results to provide information and recommendation to management - Assist in formulating the proper cost allocation methodology among BUs and cost recharge basis for other related companies within the Group to ensure equitable apportionment of costs to business. - Assist to validate the IT vendors’ financial before presenting to the Tender Review Committee and management team. - Assist to review with business head on key drivers of Group IT Division including cost management matters and post CER review on major IT projects. - Assist the business with the identification of cost saving opportunities including coming up with SCM cost savings initiatives for Bankwide IT expenditures. - Responsible to track and to ensure accurate accrual is maintained in the GL at all time. Reporting & Collaboration: - Responsible for accuracy and timely reporting of all financials for Group IT Division on monthly basis and to provide any other timely information to management. - Assist in fine-tuning the definition of RTB/CTB expenditures for internal management reporting and analysis. - Problem solving for Finance Related Issues and Ad Hoc requests coming from Group IT Division. - Collaborate and coordinate with related parties in solving issues in Finance department. - Support BUs to drive cost saving initiatives by providing financial advice and knowledge Accounting Procedures & Financial Control - Ensure the accuracy and integrity of the General Ledger Accounts under Group IT’s cost centres. - To review and/or prepare journals relating to accruals/cost under Group IT’s cost centres - Responsible in reconciliation of general ledger and quarterly Group finance reconciliations exercise for accounts under the purview of Group IT Finance - Review existing all financial processes and encourage the implementation of continuous improvement - Assist in ensuring compliance to accounting standards and ensuring the accuracy and integrity of the General Ledger Accounts under Group IT’s cost centres. - It will include working with auditors during their half/annual review General: - To meet organisation goals by demonstrating ownership and accountability when accomplishing new or routine tasks assigned and adding value to the departmental performance. - To provide timely reports as requested by supervisor. - To fulfil any ad-hoc tasks related to Group IT finance and administration from time to time as requested by supervisor. Requirements: - Bachelor's Degree in Finance/Accountancy/Banking/Business Administration or equivalent holder. - 5 years and above related experience in banking and financial institution would be added advantage - Organized, pay attention to details, have a sense of urgency and works effectively and efficiently despite under pressure. - Comfortable to work with large volume of excel data - Good proficiency in Microsoft Office. - Strong analytical and problem-solving skills. - Excellent written and verbal communication skills and ability to interact clearly across all level of organization. - Commercial acumen, and enquiring mind and an understanding of the market and financial dynamics would be a distinct advantage. - This is a contract position.