Finance Director
Job Summary
The Finance Director will spearhead financial strategy, corporate planning, and long-term budgeting to support the company's growth objectives. Key responsibilities include managing cash flow, ensuring statutory compliance, and overseeing internal financial controls. The role involves leading the finance team while providing strategic advisory to senior management to optimize operational efficiency.
Responsibilities
- Develop financial strategy and long-term planning
- Oversee budgeting, cost control, and KPIs
- Manage cash flow and working capital optimization
- Ensure statutory compliance and audit requirements
- Lead finance and administrative teams
Required Skills
- Financial modeling and valuation
- Strategic planning and analysis
- Corporate governance and risk management
- Leadership and team mentorship
- In-depth knowledge of Singapore accounting standards
Job Details
1. Financial Strategy & Corporate Planning
Develop and execute financial strategies aligned with company growth objectives. Lead long-term financial planning including expansion budgeting, capital expenditure (CAPEX), and investment analysis. Provide financial advisory support to the Board and senior management. Evaluate strategic initiatives including new product lines, automation investments, and export expansion.
2. Budgeting & Cost Control
Prepare and oversee annual operating budgets and rolling forecasts. Monitor food cost percentage, raw material price fluctuations, and yield variances. Implement cost-control systems for production, labour, logistics, and overhead expenses. Develop financial dashboards and KPIs for operational transparency.
3. Cash Flow & Working Capital Management
Manage cash flow planning and ensure sufficient liquidity for operations. Oversee accounts receivable, accounts payable, and inventory turnover cycles. Optimise working capital to reduce waste and improve financial efficiency. Negotiate credit terms with suppliers and financial institutions.
4. Financial Reporting & Compliance
Ensure accurate and timely preparation of financial statements. Oversee statutory compliance including corporate tax, GST, and audit requirements. Liaise with external auditors, tax advisors, and regulatory authorities. Ensure adherence to Singapore accounting standards and corporate governance frameworks.
5. Risk Management & Internal Controls
Develop internal control systems to mitigate operational and financial risks. Oversee inventory valuation, batch costing, and shrinkage control. Implement fraud prevention and financial risk monitoring mechanisms. Conduct regular internal financial audits.
6. Funding & Investor Relations
Support fundraising initiatives including bank financing or investor funding. Prepare financial models, valuation reports, and business projections. Engage with investors and financial institutions as required. Manage grant claims and government funding compliance (if applicable).
7. Leadership & Team Management
Lead and mentor finance, accounting, and administrative teams. Establish clear performance KPIs and accountability frameworks. Collaborate closely with operations, procurement, and business development teams to align financial objectives.