Senior Executive, Accounts

Our Finance Team ensures the overall financial health of the organization, and supports the development of the organization's budgeting, financial planning and long-term financial goals.

The Senior Executive, Accounts plays a critical role in maintaining financial integrity and supporting effective financial management for RC. The Senior Executive, Accounts is responsible for ensuring accurate financial reporting, compliance with statutory and regulatory requirements, and the implementation of strong internal controls. The Senior Executive, Accounts will work closely with school leaders, programme and unit leaders to support budgeting, forecasting, and financial analysis for sound decision-making aligned to the RC's strategic goals.

Key Tasks and Responsibilities

Financial Accounting & Reporting

1. Accounting Operations: Perform General Ledger function for assigned programmes and units, along with supporting tasks which may include

• Accounts Payable and Accounts Receivable
• Cash and Fixed Asset Management and
• Ad-hoc tasks as and when required

1. Financial Reporting & Month-End Closing: Prepare accurate and timely monthly financial closing, monthly balance sheet schedules and reconciliations, monthly cash flow forecasts and annual statutory financial statements

2. Subledger Reconciliation & Resolution: Reconcile subledger transactions with the Financial Accounting System, perform investigation on discrepancies (if any), and resolve discrepancies to ensure accurate and reliable reporting

3. Banking Transactions Management: Record all banking transactions timely and accurately

4. Management Reporting Support: Support Lead Manager, Finance Operations to prepare monthly management reports

Budgeting, Financial Planning & Analysis

1. Budget Preparation & Financial Forecasting: Assist in the preparation and consolidation of the annual budget and regular financial forecasts for assigned units

2. Variance Analysis & Financial Planning Support: Support Lead Manager, Finance Operations in conducting monthly budget and forecast variance analysis to provide insights for financial planning and decision-making

3. Cost Analysis & Strategic Insights: Generate cost analysis reports to support management in strategic financial decision-making

Compliance & Internal Controls

1. Regulatory & Compliance Monitoring: Stay updated with the financial aspect of funding requirements and ensure compliance with tax, legal and regulatory requirements

2. Petty Cash Administration: Administer petty cash, including claim verification, processing, and reconciliation

3. Documentation & Approvals: Review RC's monthly financial transactions for proper documentation, accurate account assignment, and timely approvals

4. Internal Controls Monitoring: Monitor the effectiveness of internal controls, promptly escalating risks or irregularities to Lead Manager, Financial Operations

5. Audit Follow-Up & Implementation: Take follow-up actions on audit findings and recommendations, and ensure timely implementation of recommendations

6. Asset Reconciliation: Safeguard RC's assets (cash, inventory and equipment) through appropriate internal control procedures and periodic reconciliations

Collaboration & Process Improvement

1. Process Improvement & Efficiency: Work with other Finance Operations team members to streamline processes and improve efficiency

2. Financial Systems & Controls Enhancement: Participate in financial system or workflow improvements, including documentation of procedures and sharing of best practices

Job Holder Requirements

• Diploma or Degree in Accountancy / Finance with relevant professional accounting certification (ACCA)

• Minimum 2 years of relevant working experience

• Experience in budgeting, forecasting, and variance analysis, will be an advantage

• Prior working experience in Social Services or Special Education sector will be an advantage.