About Us
Mizuho Bank is the banking subsidiary of Mizuho Financial Group, which is headquartered in Tokyo, Japan. Mizuho Financial Group, Inc. is the 15th largest bank in the world, as measured by total assets of approximately US 2 trillion. Mizuho's 55,000 employees worldwide offer comprehensive financial services to clients in over 800 offices throughout the Americas, EMEA, and Asia.
Mizuho Bank Singapore Branch has an established local presence with over 50 years of history and serves as the regional hub for the bank's APAC operations.
Operating with a Full Bank License, Mizuho Bank Singapore Branch provides banking services to over 2,000 Japanese and non Japanese corporate clients, with a staff strength of about 1,000 employees. We provide expertise in corporate finance, trade finance, cash management, funds transfers, project finance, and treasury services to help businesses develop and find new opportunities. We also collaborate with our affiliate company, Mizuho Securities, to provide investment banking solutions to our clients.
Auto req I
2043BR
Department
Singapore Administration Department
Section
Corporate Planning & Coordination
Location
Singapore
Job Responsibilities
The primary responsibility of this role is to actively manage and perform the Bank's own payment and receivable operations, including hands-on processing and serving as a checker to review and approve transactions, ensuring accuracy and compliance throughout the operation.
Key duties include preparing payment vouchers, reviewing and approving accounting entries, managing SWIFT messages (incoming and outgoing), processing GIRO local payments and rental payments, and handling invoices. The position also involves daily monitoring and approval of Direct Debit Authorization (DDA) transactions, managing Goods and Services Tax (GST) and withholding tax submissions, reviewing expense reports, maintaining special accounts, and supporting expense administration queries.
Additionally, the role is accountable for preparing financial schedules and reports for auditors, Singapore branch and the Head Office, participating in change management and continuous improvement initiatives, and assisting with operational risk reporting.
Success in this role requires strong expertise in accounting and banking operations, a collaborative team mindset, high integrity, reliability, and excellent communication skills.
Payment and Receivable Operations
- Prepare payment vouchers (Instruction Sheets) as needed for general operations.
- Review and approve all accounting entries as a checker and approver.
- Check and approve SWIFT messages in the Bank's system.
- Export GIRO files in the inhouse payment system (BPS) and process rental payments via the Bank's inhouse system - Melo-D (Merits).
- Approve transactions in the Bank's G/L system (GBase).
- Prepare or review invoices for trainees and staff on secondment to other Mizuho Branches.
Expense and Accounting Administration Duties
- Monitor DDA (Direct Debit Authorization) transactions daily.
- Approve new DDA transactions in the Bank's platform - Smile Web (G3 Inward-Auto Book).
- Check GST Reverse Charge and submit withholding tax (IR37) through the IRAS portal.
- Review expense reports from BPS and Gbase.
- Approve new staff and vendor account details in BPS.
- Create new accounts and cost centres in BPS and GBase.
- Maintain and monitor special accounts, such as suspense payments/receipts, CIP, security deposits, prepayments, and accrual transactions.
- Assist with and respond to queries related to expense administration.
- Prepare schedules for auditors and answer their queries.
- Support IOP (Internal Operating Procedures) revisions.
Expense Reporting
- Review daily reports.
- Prepare and review monthly, quarterly, bi-annual, and annual reports for Finance Control and Reporting (FCR) and Head Office.
Change Management & Projects, Continuous Improvement & Controls
- Participate in the Bank's change management initiatives and projects involving CPC expense operations (including UAT, testing, meetings, etc.).
- Continuously enhance team processes and controls.
- Report and help resolve operational risk issues, errors, and control gaps
Job Requirements
- Relevant Bachelor's degree in Accounting or equivalent
- Knowledge of payment processing in Banking / Financial industry
- Knowledge of Accounts Payable (AP) and Accounts Receivable (AR)
- GST and withholding tax knowledge
Skills & Tools
- Concur: Experience with expense and invoice management systems.
- Microsoft Excel: Strong skills in data organization and analysis.
- Accounting Knowledge: Solid understanding of accounting principles and practices.
- Banking Products & Operations: Familiarity with payments, SWIFT (ISO20022), and related banking processes.
