Financial Controller

Oil Distribution & Trading Company Location: Singapore Employment Type: Full-Time Reporting To: Managing Director / Group Finance Director Industry: Oil & Petroleum Distribution / Trading This is a key management position suited to a hands-on finance professional who is comfortable working in a fast-paced trading and distribution environment and who can provide management with meaningful financial and commercial insights. Key Responsibilities 1. Financial Management & Reporting Take overall responsibility for the company’s accounting and financial management functions. Prepare accurate and timely monthly, quarterly and annual management accounts. Prepare financial statements, cash-flow reports, budgets and financial forecasts. Provide management with financial analysis, business performance reports and recommendations. Monitor profitability by product, customer, supplier and business segment. Analyse gross margins, operating costs, working capital and overall business performance. 2. Oil Trading & Distribution Finance Monitor the financial performance of oil and petroleum product trading activities. Review purchase costs, selling prices, margins, transportation costs and other related expenses. Monitor inventory valuation and stock movements and reconcile physical inventory with accounting records. Analyse trading margins and identify significant price or margin variances. Work closely with the operations and sales teams to ensure proper financial controls over purchases, sales and deliveries. Monitor customer credit exposure and outstanding receivables. 3. Cash Flow & Working Capital Management Take responsibility for short- and medium-term cash-flow planning. Monitor daily cash positions and anticipated funding requirements. Manage working capital, including trade receivables, trade payables and inventory. Monitor customer collections and payment performance. Work with banks on banking facilities, trade financing, overdrafts and other credit facilities where required. Ensure sufficient liquidity to support day-to-day trading operations. 4. Budgeting & Business Planning Lead the annual budgeting and forecasting process. Prepare financial models and cash-flow projections for management decision-making. Compare actual performance against budget and provide variance analysis. Identify areas for cost reduction and improvement in operating efficiency. Assist management in evaluating new business opportunities, investments and expansion plans. 5. Accounting & Compliance Oversee the full set of accounts and ensure proper accounting records are maintained. Ensure timely closing of monthly accounts. Ensure compliance with applicable Singapore Financial Reporting Standards, tax requirements and statutory obligations. Liaise with external auditors, tax advisors, banks and other professional advisors. Ensure GST reporting and other statutory submissions are properly managed. Establish and maintain appropriate accounting policies and procedures. 6. Internal Controls & Risk Management Develop and strengthen financial controls and approval procedures. Review purchasing, sales, credit, payment and inventory controls. Identify potential financial, credit, operational and fraud risks. Implement appropriate segregation of duties and authorisation controls. Ensure proper documentation and audit trails for significant transactions. Monitor compliance with company policies and delegated authority limits. 7. Credit Control Establish and monitor customer credit limits and payment terms. Review customer creditworthiness and outstanding exposures. Monitor overdue accounts and work with the sales team on collection matters. Recommend appropriate credit controls where customers exceed approved limits. Highlight significant credit risks to management. 8. Management & Business Support Act as a strategic finance partner to the Managing Director and management team. Provide timely financial information to support commercial decisions. Translate financial data into practical business recommendations. Challenge assumptions and highlight areas requiring management attention. Participate in business planning, negotiations and commercial discussions where financial input is required. Requirements Education & Experience Degree in Accounting, Finance, Business or a related discipline. Professional accounting qualification such as CA, ACCA, CPA or equivalent would be advantageous. Minimum 5 years of relevant finance/accounting experience, preferably with experience in oil, petroleum, commodity trading, logistics, distribution or related industries. Experience in a Financial Controller, Finance Manager, Finance Director or similar senior finance position. Strong understanding of management accounting, financial reporting, cash-flow management and internal controls. Experience managing full sets of accounts and working with external auditors and tax advisors. Industry Experience Experience in one or more of the following will be highly advantageous: Oil and petroleum distribution Fuel trading Commodity trading Energy or logistics Wholesale distribution Inventory-intensive businesses Trade financing and banking facilities Key Skills Strong financial and commercial acumen Excellent analytical and problem-solving skills Strong understanding of cash flow and working capital Excellent Excel and financial modelling skills Good knowledge of accounting systems/ERP systems Strong attention to detail and accuracy Ability to work independently and meet reporting deadlines Strong communication and interpersonal skills Ability to work closely with senior management and operational teams High level of integrity, confidentiality and professional judgement What We Offer Senior management position with significant responsibility Opportunity to work closely with company leadership Exposure to oil distribution, trading and commercial operations Competitive remuneration commensurate with experience Performance-based incentives may be considered Opportunity for career progression as the business expands