Manager (Accounts & Compliance)

Role Overview

We are a member-owned credit co-operative established to serve the financial needs of our members through responsible lending, prudent financial management, and strong governance. Guided by co-operative values of integrity, accountability, and mutual support, we are seeking a Manager (Accounts & Compliance) to safeguard the financial soundness and long-term sustainability of the Co-operative.

This is a hands-on senior role in a co-operative environment, working closely with Management, the Audit Committee, and the Board to ensure compliance with the regulatory requirements, and good governance practices.

Key Responsibilities:

Financial Leadership & Management

• Oversee the full spectrum of finance functions including accounting, treasury, cash flow management, and financial reporting
• Ensure timely and accurate preparation of management accounts, statutory financial statements, and Board/Audit Committee papers
• Ensure compliance with Singapore Financial Reporting Standards (SFRS), Co-operative Societies Act, and relevant regulatory requirements

Budgeting, Monitoring & Variance Analysis

• Lead the annual budgeting and financial planning process in collaboration with Management
• Monitor budget performance on an ongoing basis and identify material variances against approved budgets
• Perform detailed variance analysis on income, expenses, and balance sheet items
• Investigate root causes of variances and work with Management to recommend corrective actions or reforecasting
• Present clear and practical budget monitoring and variance analysis reports to the Board

Risk Management & Compliance

• Lead and maintain the Enterprise Risk Management (ERM) framework, including risk identification, assessment, mitigation, and monitoring
• Maintain and update the risk register, key risk indicators (KRIs), and mitigation plans
• Oversee the Co-operative’s compliance framework, policies, and procedures
• Monitor compliance with regulatory, statutory, and internal policy requirements
• Prepare and present risk and compliance reports to Management, Audit Committee, and Board
• Coordinate regulatory inspections, internal audits, and external audits, and ensure timely closure of findings

GST & Tax Compliance 

• Oversee accurate GST submission and reconciliation, including preparation, review, and filing of GST returns
• Ensure proper GST treatment of transactions and timely resolution of discrepancies
• Liaise with IRAS, tax agents, and auditors on GST-related matters

Systems, Reconciliation & Process Improvement

• Lead accounting system migration initiatives, including data migration, reconciliation, testing, and post-implementation stabilisation
• Ensure effective and hands-on use of Xero accounting software
• Oversee regular reconciliation of balances between the core banking system and the accounting system, ensuring accuracy and data integrity
• Investigate reconciliation differences and strengthen controls to prevent recurrence
• Drive process improvements, automation, and control enhancements across finance and compliance functions

Key Requirements:

• Chartered Accountant (CA) qualification recognised in Singapore
• Minimum 8–10 years of relevant finance, accounting, risk, and compliance experience, including 3–5 years in a senior role
• Hands-on experience with Xero accounting software
• Proven experience in accounting system migration and post-migration reconciliation
• Strong experience in GST submission and GST reconciliation
• Demonstrated experience in budget monitoring, variance analysis, and Board-level financial reporting
• Proven experience in Enterprise Risk Management (ERM) and compliance frameworks
• Experience reconciling balances between core banking systems and accounting systems
• Strong understanding of Singapore regulatory, governance, and audit requirements
• Lead, mentor, and develop the accounts and compliance team

Key Competencies:

• Strong technical accounting, risk, and compliance expertise
• Hands-on, detail-oriented, and control-focused
• Ability to operate independently in a lean environment
• Strong communication skills with Board and non-finance stakeholders
• High integrity and sound professional judgment