Accounts & 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 reporting, cash and trade finance management, group reporting support, statutory compliance and internal controls, and works closely with the Finance Team and other commercial and procurement teams to support profitable trading decisions in a fast-moving, multi-entity trading environment.

2.High-Level Duties (Areas of Responsibility)

• Financial Strategy &Business Partnering – advise management on financial implications of tradingdecisions, pricing, and new supplier/customer arrangements.
• Financial Planning &Analysis – own budgeting, forecasting and margin analysis across product lines,trading routes and entities.
• Treasury & TradeFinance – manage working capital, banking facilities, letters of credit, trustreceipts, documentary collections and foreign exchange exposure.
• Financial Reporting,Consolidation & Compliance – ensure accurate, timely management andstatutory accounts in line with Singapore Financial Reporting Standards (SFRS)and regulatory requirements, and support intercompany reconciliation and groupconsolidation across overseas entities.
• Risk, Controls &Governance – maintain a strong internal control environment, credit riskdiscipline and fraud prevention.
• Team Leadership &Stakeholder Management – lead, train and develop the finance and accounts team,and manage outsourced service providers (auditors, tax agents, companysecretary) alongside the bankers.
• Systems & ProcessImprovement – drive automation and continuous improvement of finance andERP/accounting systems and processes.

3.Critical Duties (Detailed Responsibilities)

3.1 FinancialReporting & Accounting

• Prepare accurate monthly, quarterly and annualmanagement accounts, financial statements and board reporting packs within setdeadlines.
• Oversee the full accounting cycle – general ledger,accounts payable/receivable, fixed assets, bank reconciliations andmonth-end/year-end closing.
• Monitoring inter-company transactions andreconciliation of inter-co balances, and supporting group consolidation andcurrency translation across overseas entities.
• Thorough scrutiny of freight bills, bank charges andoverheads, identifying reasons for variances, if any.
• Ensure financial statements comply with SingaporeFinancial Reporting Standards (SFRS) and Companies Act requirements.
• Manage stock/inventory valuation and costing forimported and traded textile goods, including landed cost computation (freight,duty, insurance).
• Coordinate the annual statutory audit and act asprimary liaison with external auditors, resolving audit queries andimplementing recommendations.

3.2 Cash Flow,Treasury & Trade Finance

• Monitor daily cash position and working capital toensure sufficient liquidity for purchase of goods, supplier payments andoperating expenses.
• Manage trade finance instruments critical to textiletrading – Letters of Credit (LC), Trust Receipts (TR), invoice financing, bankguarantees, documentary collections and export documentary credit, includingreview of trade and shipping documents for discrepancies prior to presentation.
• Maintain day-to-day banking relationships, trackfacility utilisation and covenant reporting, and support the negotiation ofcredit facilities/trade lines with banks and financial institutions.
• Manage foreign exchange exposure arising from USD/othercurrency purchases and sales, including forward contracts and hedging whereappropriate, given the currency risk inherent in textile import/export trading.
• Monitor customer credit terms, credit limits andcollections; minimise bad debt and overdue receivables through active creditcontrol.

3.3 Statutory& Tax Compliance

• Manage corporate income tax computations and filings(Form C-S/C) with IRAS, including tax planning and claiming of availablereliefs/incentives.
• Ensure compliance with ACRA filing requirements (annualreturns, XBRL financial statements) in coordination with the company secretary.

3.4 Budgeting,Forecasting & Business Analysis

• Lead the annual budgeting process and periodic rollingforecasts in collaboration with sales and procurement teams.
• Prepare gross margin and product/customer profitabilityanalysis to support pricing and sourcing decisions.
• Provide variance analysis against budget/forecast andhighlight risks and opportunities to management.
• Evaluate the financial viability of new markets,suppliers, customers and business opportunities.

3.5 InternalControls, Risk & Governance

• Design, implement and monitor internal controls andStandard Operating Procedures (SOPs) across procurement, sales, inventory andcash handling.
• Safeguard company assets and inventory through periodicstock counts, reconciliations and physical verification.
• Assess and mitigate key business risks, includingcounterparty credit risk, currency risk and inventory obsolescence risk.

3.6 TeamLeadership & Stakeholder Management

• Supervise, mentor and develop the finance and accountsteam; plan workload and set performance objectives.
• Liaise with external auditors, tax agents, companysecretary, banks and insurers as the key finance point of contact.
• Support with ad-hoc financial analysis, boardpresentations for management and shareholders.

4.Qualifications & Experience

• Degree in Accountancy,Finance, or related field; professional qualification (CPA Singapore, ACCA, CAor equivalent) preferred.
• Minimum 8–10 years ofprogressive finance/accounting experience, with at least 3–5 years in amanagerial capacity.
• Prior experience in atrading company (textiles, commodities, apparel or similar import/exportbusiness) strongly preferred.
• Sound working knowledgeof Singapore Financial Reporting Standards (SFRS), IRAS tax/GST regulations,ACRA requirements and trade finance instruments (LC/TR).
• Proficiency inaccounting/ERP systems (e.g., SAP, ORACLE, or similar) and advanced MicrosoftExcel skills.

5.Key Skills & Competencies

• Strong analytical andcommercial acumen, with the ability to interpret trading margins and currencyexposure.
• High attention to detailand integrity in financial reporting, controls, facility terms and tradedocumentation.
• Effective communicationand stakeholder management skills, able to engage confidently with banks,auditors and senior management, and to work patiently with colleagues acrossmultiple time zones.
• Strong leadership skillswith the ability to build and develop a small finance team, while remaining hands-on as well as supervisory.
• Ability to work under pressure and manage competing deadlines in a fast-paced trading environment.