The Head, Finance is a tactician who ensures smooth day-to-day running of the accounting and finance operations. As a commentator, he/she is tasked with telling the business story by explaining financial numbers. He is also responsible for preparing financial reports and conducting analysis of variances in the figures to facilitate management decision-making in the running of the business.
As a business partner, he focuses on creating value, acting as a business adviser and integrator for the organisation. As a score keeper, the Head, Finance manages key functions of the organisation such as financial reporting, process improvements in the finance function, as well as ensuring smooth operation of the finance department. He holds the crucial role of helping the organisation meet its financial needs by acting as a bridge between the top management and the various departments in the organisation. As a custodian, he manages governance issues by working with business units to ensure compliance and effective controls. He acts as custodian of assets and value protection.
Head Financial accounting and corporate reporting function
- Ensure organisation comply with regulations involving the filing of their financial and tax statements.
- Coach finance teams on the technical and quality aspects of financial reporting.
- Translate financial reports into useful and relevant information for stakeholders without financial technical expertise.
- Influence financial reporting quality to reflect non-historical information and the company’s potential future performance in financial reports.
- Lead the organisation in the requirements and effectiveness of sustainability reporting and integrated reporting.
- Support the management as a business partner in guiding the organisation’s long term financial strategy.
Manage strategic planning initiatives
- Formulate business direction and resolve complex organisational issues with analytical thinking.
- Support the management to find new ways to sustain performance and grow the business.
- Drive forecasting and budgeting to align the finance function with strategic vision of the business.
- Ensure that budgets are able to support and are sustainable to match strategic goals.
- Manage budgets flexibly within appropriate financial limits in response to changes in business priorities.
- Monitor budget regularly and perform variance analysis to have a comprehensive view of financial performance.
Manage process improvements and resource allocation to ensure smooth operation in the organisation
- Implement efforts in the redesign of core business processes to improve productivity and efficiency.
- Support organisation’s capital raising initiatives.
- Manage the cash flow management across the organisation to aid business growth and operation.
- Advise on the role of sustainability and its contribution to improved environmental, social and financial resources.
Manage governance infrastructure and risk management
- Manage risks by taking an integrated view of all various uncertainties that exists across an organisation.
- Provide executive support to the Board with financial and non-financial information.
- Implement effective management and information system to support government infrastructure. Assess remaining uncertainty even after controls are implemented. Ensure conformance of laws and regulations on the business strategy and organisation’s business.
- Nurture an ethical culture across the organisation.
- Engage the senior management to resolve ethical dilemma.
Manage change in the finance function
- Use analytical to support business growth and needs, as well as identify potential risks and problems.
- Connect underlying complex non-financial drivers of a business to financial information through analytics.
- Break down complex numbers into good intelligence to support business growth and drive value creation.
- Use predictive analytics as an enabler to forecast future performance and perform stress testing on business lines.
- Execute the development of innovative finance and other processes to build value adding capabilities across the departments.
- Deliver analytics-driven insights through technology to create a competitive advantage.
Lead communication between top management and department in the organisation
- Support the management to communicate organisation’s financial and business information to investor community.
- Lead the engagement of stakeholders for matters arising from risks, controls and compliance.
- Establish good working relationships all around with various stakeholders.
Requirement
- At least a Bachelor's or Master's Degree in Accounting and Finance or equivalent
- Proven work experience as a Head of Finance, Director of Finance or similar role
- In-depth understanding of cash flow management, bank reconciliation and bookkeeping
- Strong analytical, problem solving and organizational skills as well as a high level of flexibility and adaptability to a fast-paced environment.
- High degree of integrity and openness to feedback.
- Positive, forward-thinking personality with a can-do and hands-on attitude.
- Great team player with an entrepreneurial mindset and the ability to drive the team forward.
- Some knowledge and experience related to digital assets would be beneficial.
- Excellent knowledge of data analysis and forecasting models
- Leadership abilities
