Vice President, Financial Planning & Control
Job Purpose:
Support the Team Head to lead the Financial Planning & Analysis team in the financial planning, budget analysis and process, budgeting systems coordination and strategic / transformation projects.
Responsibilities
- Compile, monitor and analyze accurate consolidated annual budget plan, and ensure the defined budgeting system and procedures are being followed.
- Assist in developing and maintaining short-term and long-term financial strategy and plans.
- Support Team Head in providing advice to ITG Management on how to cater for change of company / direction on financial treatment.
- Establish financial policies and reporting according to the direction from the ITG Management.
- Lead the team to perform financial analysis, forecasting, budgeting and cost tracking for Fintech Transformation projects and other strategic projects, and for BAU expenditure items.
- Review variances between budget and actual financial results and produce analysis on the financial healthiness of projects and BAU cost trends, with recommendations for management.
- Prepare explanations and presentations of financial management information for Fintech Transformation and other strategic projects, and BAU expenditure for cost management purposes.
- Ensure timely settlement of various invoices and accrual arrangement to meet the project and BAU budget plan.
- Assist in ensuring proper management and allocation of IT costs.
- Provide accurate expense data to BU/SUs to support their budget monitoring and planning.
- Assist in improving financial budgeting, tracking, and controlling mechanism.
- Coach and develop team members to ensure quality deliverables in a timely manner.
- Take up other responsibilities as may be required by the Team Head from time to time.
Requirements:
- Bachelor degree or diploma holder in Accounting, Finance or related discipline.
- Minimum 15 years' experience in financial planning & control
- Professional Accounting qualification is an advantage.
- Solid understanding of financial processes and tools.
- Knowledge of managing financials.
- Basic understandings in both business and technical aspects of system platforms.
- Good knowledge in process reengineering.
- High degree of proficiency in MS Office (Excel, Access DB, PowerPoint). Experience in Oracle and VBA will be a strong plus.
Candidate with less experience will be considered for Assistant Vice President.
