Finance Manager
surbanajurong · Mandaluyong City ·
- Employment
- Full time
- Category
- Finance
Key Responsibilities
- Responsible for monitoring the team's workload, effectively assigning and distributing tasks according to individual responsibilities, and providing overall management and leadership of the team.
- Review and finalize forecasts, assist in the preparation of annual budgets, and provide financial reports and analyses as required by management and stakeholders.
- Prepare, analyze, and communicate financial data, insights, and recommendations to management and stakeholders on a timely basis to support informed decision-making.
- Monitor and control actual financial performance against budget, ensuring revenue and costs are supported by appropriate documentation and aligned with approved budgets.
- Review balance sheet reconciliations and supporting schedules prepared by the Global Shared Services team to ensure accuracy, completeness, and timely resolution of outstanding items.
- Prepare and maintain balance sheet review reports and submit them to relevant stakeholders within established timelines.
- Review Profit & Loss (P&L) analysis and provide commentary on financial performance, key variances, and business trends.
- Oversee and monitor statistical accounts and financial reporting requirements.
- Support and contribute to the development of the company's business plans and financial strategies.
- Lead and coordinate the completion of audited financial statements for assigned entities, including entities outside the Philippines where applicable.
- Manage corporate finance activities and ensure compliance with Group reporting and tax reporting requirements.
- Oversee treasury operations, including cash flow management, cash forecasting, banking relationships, and bank mandate administration for local Philippines entities.
- Ensure compliance with accounting standards, group accounting policies, statutory requirements, regulatory agencies, and banking requirements.
- Manage local statutory reporting and filing requirements, including tax compliance and submissions.
- Liaise with external auditors, tax consultants, regulatory bodies, and banking institutions as required.
- Ensure policies, procedures, work instructions, and guidelines are reviewed and updated regularly to reflect current business and regulatory requirements.
- Develop and implement new policies, guidelines, processes, and controls to enhance operational efficiency and strengthen governance.
- Drive continuous improvement initiatives across controllership, reporting, treasury, and compliance processes.
- Perform other ad-hoc duties and projects as assigned by immediate superiors to support team objectives and company goals.
Key Performance Indicators
Financial Reporting & Close Process
- Monthly financial close completed within agreed timeline (e.g., 100% on-time submission).
- Accuracy of financial reports with minimal post-close adjustments.
- Timely submission of management reports, balance sheet reports, and forecast packages to stakeholders.
- Percentage of financial reports submitted by deadline (Target: 100%).
Balance Sheet Governance
- Completion of monthly balance sheet reviews and reconciliations (100% completion rate).
- Number of aged/unreconciled balance sheet items outstanding beyond agreed threshold.
- Timely resolution of balance sheet exceptions and audit findings.
- Reduction in balance sheet reconciling items year-over-year.
Budgeting, Forecasting & Performance Analysis
- Forecast accuracy against actual results.
- Timely completion of annual budget and periodic forecasts.
- Variance analysis reports delivered within agreed timelines.
- Actual versus budget variance maintained within acceptable thresholds with supporting documentation.
- Ensure 7% ROC (Return-on-Cost) year on year results or what is allowable based on transfer pricing benchmark. (Entity: ECCL-ROHQ)
Treasury & Cash Flow Management
- Accuracy of cash flow forecasts.
- Adequate liquidity maintained with no operational cash shortages.
- Timely processing and maintenance of bank mandates and signatory updates.
- Optimization of working capital and cash utilization.
- Compliance with banking requirements and covenant obligations.
Statutory Reporting, Tax & Audit Compliance
- On-time submission of statutory financial statements and regulatory filings (100% compliance).
- On-time filing of corporate tax and other tax reporting requirements.
- Number of audit adjustments identified during external audits.
- Successful completion of annual statutory and group audits with minimal findings.
- No penalties, fines, or non-compliance issues from regulatory authorities.
- Internal Controls & Governance
- Compliance with Group Accounting Policies and Internal Control requirements.
- Number of control deficiencies identified and resolved.
- Timely review and update of finance policies, work instructions, and SOPs.
- Successful implementation of process improvements and governance initiatives.
- Ensure high-level of confidentiality is always maintained.
Team Management & Service Delivery
- Achievement of team service level agreements (SLAs).
- Team productivity and workload distribution effectiveness.
- Employee engagement and retention within the team.
- Completion of performance reviews and development plans.
- Cross-training coverage and succession readiness within the team.
Business Partnership & Stakeholder Satisfaction
- Management and stakeholder satisfaction ratings.
- Quality and timeliness of recommendations provided for decision-making.
- Support provided for business planning, strategic initiatives, and ad-hoc projects.
- Responsiveness to stakeholder requests and issue resolution.
Key Qualifications, Knowledge, Skills and Experience
- Must be a graduate of Bachelor of Science in Accountancy or Bachelor of Science in Commerce - Management Accounting. Must be a graduate of Bachelor of Science in Accountancy or Bachelor of Science in Commerce - Management Accounting. CPA licensure is a plus.
- 10 years’ experience in related field.
- Knowledgeable in using computerize accounting system, SAP S4 is a plus and MS Office.
- Ability to synthesize large amounts of complex data into actionable information.
- Ability to work and communicate effectively with different stakeholders.
- Excellent business judgment, analytical and decision-making skills.
- Good analytical skills and able to interpret financial data
- Will be able to create, update and implement guidelines and policies as necessary.
- Leadership and coaching skills.
- Clear communication skills with team, clients, and stakeholders with an eye for details.
- People and time management skills.
- Ability to have work/life balance.
- High degree of personal organization with the ability to prioritize.
- Adheres to high standard and quality of working.
At Surbana Jurong, we put talent, hard work, teamwork and a fun workplace together to approach problems and solve them creatively and collaboratively. Join us in making a positive impact on the world!