FINANCE MANAGER

Job Summary

The Finance Manager is responsible for over seeing the company's overall finance and accounting functions, ensuring accurate financial reporting, effective cash-flow management, strong financial controls and compliance with statutory and regulatory requirements.

The role will work closely with Management, Project Managers, Quantity Surveyors, Procurement and Administration teams to monitor project costs,profitability, budgets, cash flow and financial performance.

Key Responsibilities

1. Financial Management &Reporting

Oversee the company's full set of accounts and day-to-day accounting operations.

Prepare monthly management accounts, financial statements and financial reports.

Monitor the company's financial performance, revenue, expenses, profitability and cash flow.

Prepare financial analysis and provide recommendations to Management for decision-making.

Prepare annual budgets, forecasts and cash-flow projections.

Monitor actual performance against budget and investigate significant variances.

2. Construction Project Finance & Cost Control

Monitor financial performance and profitability of construction projects.

Work closely with Project Managers and Quantity Surveyors on project cost control and forecasting.

Monitor project revenue, costs, variations, claims, retention, progress billings and outstanding receivables.

Review project commitments, subcontractor costs, material costs and other project expenditures.

Identify potential cost overruns and financial risks and highlight them to Management.

Assist in evaluating the financial implications of tenders, contracts and major variations.

3. Cash Flow & Working Capital Management

Monitor daily and monthly cash flow requirements.

Manage accounts receivable and accounts payable to maintain healthy working capital.

Monitor customer collections, retention sums and outstanding progress claims.

Coordinate payment schedules with suppliers and subcontractors.

Liaise with banks and financial institutions on banking facilities and financing matters.

4. Accounting Operations

Supervise the Accounts team and ensure timely and accurate processing of:

Accounts payable

Accounts receivable

General ledger

Bank reconciliation

Payroll

Fixed assets

GST

Inter-company transactions, where applicable

Ensure proper documentation and accounting records are maintained.

Review accounting entries and financial transactions for accuracy.

5. Audit, Tax & Statutory Compliance

Coordinate with external auditors, tax agents, company secretary and other professional advisers.

Ensure timely completion of annual audits and statutory financial reporting.

Oversee GST reporting and other tax-related matters.

Ensure compliance with applicable accounting standards, tax regulations and statutory requirements.

Maintain appropriate internal controls and financial procedures.

6. Internal Controls & Risk Management

Develop and improve financial policies, procedures and internal controls.

Ensure proper approval procedures are followed for purchases, payments, expenses and contracts.

Monitor financial risks relating to projects, customers, subcontractors and suppliers.

Identify weaknesses in financial processes and recommend improvements.

7. Management & Team Leadership

Lead, supervise and develop the Finance & Accounts team.

Allocate work and monitor the team's performance and deadlines.

Provide guidance and training to accounting staff.

Work closely with other departments to improve financial and administrative processes.

Support Management in strategic financial planning and business decisions.

Perform other duties assigned by Management.

8. Digitalisation & Process Improvement

Review and improve accounting and financial processes through digitalisation and automation.

Ensure effective utilisation of accounting, ERP, project costing and financial reporting systems.

Improve the integration of project, procurement, payroll and accounting information where applicable.

Develop management reports and dashboards to improve financial visibility.

GUAN HO CONSTRUCTION CO (PTE) LTD

Guan Ho began as a building and engineering services provider in 1948. For over 60 years, Guan Ho has rich history as a company that consistently delivers on our projects. Our continuous efforts to innovate and improve on our processes ensure that we are constantly ahead of prevailing industry standards. With a diverse portfolio encompassing institutional, commercial, industrial, and residential construction projects, we are confident of bringing an unmatched combination of knowledge, skill, experience and customer commitment to every job