Finance Manager

1. Job Purpose The Finance Manager is responsible for handling the financial and accounting functions of the company, a Singapore-based textile trading business engaged in the import, export and distribution of fabrics, yarns and related textile products. The role owns financial planning, reporting, cash and trade-finance management, statutory compliance and internal controls, and works closely with the Financial Controller and business units to support profitable trading decisions in a fast-moving, multi-faceted trading environment. 2. High-Level Duties (Areas of Responsibility) • Financial Strategy & Business Partnering – advise management on financial implications of trading decisions, pricing, and new supplier/customer arrangements. • Financial Planning & Analysis – own budgeting, forecasting and margin analysis across product lines and trading routes. • Treasury & Trade Finance – manage working capital, banking facilities, letters of credit, trust receipts and foreign exchange exposure. • Financial Reporting & Compliance – ensure accurate, timely management and statutory accounts inline with Singapore Financial Reporting Standards (SFRS) and regulatory requirements. • Risk, Controls & Governance – maintain a strong internal control environment, credit risk discipline and fraud prevention. • Team Leadership – lead, train and develop the finance and accounts team, and manage outsourced service providers (auditors, tax agents, company secretary). • Systems & Process Improvement – drive automation and continuous improvement of finance and ERP/accounting systems and processes. 3. Critical Duties (Detailed Responsibilities) 3.1 Financial Reporting & Accounting – Prepare accurate monthly, quarterly and annual management accounts, financial statements and board reporting packs within set deadlines. – Oversee the full accounting cycle – general ledger, accounts payable/receivable, fixed assets, bank reconciliations and month-end/year-end closing. – Monitoring Inter-company transactions and reconciliation of inter-co balances. – Thorough scrutiny of Freight bills and identifying reasons for variances, if any. – Checking bank charges and overheads to ensure its correctness. – Ensure financial statements comply with Singapore Financial Reporting Standards (SFRS) and Companies Act requirements. – Manage stock/inventory valuation and costing for imported and traded textile goods, including landed cost computation (freight, duty, insurance). – Coordinate the annual statutory audit and act as primary liaison with external auditors, resolving audit queries and implementing recommendations. 3.2 Cash Flow, Treasury & Trade Finance – Monitor daily cash position and working capital to ensure sufficient liquidity for purchase of goods, supplier payments and operating expenses. – Manage trade finance instruments critical to textile trading – Letters of Credit (LC), Trust Receipts (TR), invoice financing, bank guarantees and export documentary credit. – Maintain and negotiate banking relationships and credit facilities/trade lines with banks and financial institutions. – Manage foreign exchange exposure arising from USD/other currency purchases and sales, including forward contracts and hedging where appropriate, given the currency risk inherent in textile import/export trading. – Monitor customer credit terms, credit limits and collections; minimise bad debt and overdue receivables through active credit control. 3.3 Statutory & Tax Compliance – Manage corporate income tax computations and filings (Form C-S/C) with IRAS, including tax planning and claiming of available reliefs/incentives. – Ensure compliance with ACRA filing requirements (annual returns, XBRL financial statements) in coordination with the company secretary. 3.4 Budgeting, Forecasting & Business Analysis – Lead the annual budgeting process and periodic rolling forecasts in collaboration with sales and procurement teams. – Prepare gross margin and product/customer profitability analysis to support pricing and sourcing decisions. – Provide variance analysis against budget/forecast and highlight risks and opportunities to management. – Evaluate the financial viability of new markets, suppliers, customers and business opportunities. 3.5 Internal Controls, Risk & Governance – Design, implement and monitor internal controls and Standard Operating Procedures (SOPs) across procurement, sales, inventory and cash handling. – Safeguard company assets and inventory through periodic stock counts, reconciliations and physical verification. – Assess and mitigate key business risks, including counterparty credit risk, currency risk and inventory obsolescence risk. 3.6 Team Leadership & Stakeholder Management – Supervise, mentor and develop the finance and accounts team; plan workload and set performance objectives. – Liaise with external auditors, tax agents, company secretary, banks and insurers as the key finance point of contact. – Support the Financial Controller with ad-hoc financial analysis, board papers and presentations for management and shareholders. 4. Qualifications & Experience • Degree in Accountancy, Finance, or related field; professional qualification (CPA Singapore, ACCA, CA or equivalent) preferred. • Minimum 8–10 years of progressive finance/accounting experience, with at least 3–5 years in a managerial capacity. • Prior experience in a trading company (textiles, commodities, apparel or similar import/export business) strongly preferred. • Sound working knowledge of Singapore Financial Reporting Standards (SFRS), IRAS tax/GST regulations, ACRA requirements and trade finance instruments (LC/TR). • Proficiency in accounting/ERP systems (e.g., SAP, ORACLE, or similar) and advanced Microsoft Excel skills. 5. Key Skills & Competencies • Strong analytical and commercial acumen, with the ability to interpret trading margins and currency exposure. • High attention to detail and integrity in financial reporting and controls. • Effective communication and stakeholder management skills, able to engage confidently with banks, auditors and senior management. • Strong leadership skills with the ability to build and develop a small finance team. • Ability to work under pressure and manage competing deadlines in a fast-paced trading environment.