Senior Vice President / Executive Vice President

Senoko Energy


Date: 1 day ago
Area: Singapore, Singapore
Contract type: Full time
Your Role

  • Establish the Group Financial Policy, Limits and Authority for budgetary control over revenue and expenditure.
  • To enforce compliance with Group financial policy
  • Regular review and update to the financial policy manual to reflect changes to the Group’s operations
  • Monthly review of expenditure
  • Direct financial planning exercise such as the annual budgeting and mid-term business plans for submission to Board, shareholders and lenders.
  • Submission of quarterly/periodic forecasts on Group’s performance for the year
  • Submission of annual budget to Board, shareholders and lenders
  • Submission of 6-year business plan to Board and shareholders
  • Develop long-term financial forecast for shareholders and lenders
  • Direct all transactions processing on account payables and receivables activities including credit control.
  • Ensure that payment to suppliers is made promptly and in accordance with the Group Financial Policy
  • Ensure that customers are billed and collection of debts are timely
  • Enforce proper credit control on customers. Customers with poor payment history are monitored closely
  • Direct all loan-related activities including compliance with information and financial covenants
  • Secure banking facilities (Loan, BG & FX) for Company’s Operations
  • Submission of monthly and quarterly reports to Lenders as required. Comply with information and financial covenants
  • Response to queries by Lenders
  • Ensure shareholders also comply with information covenant
  • Direct all reporting requirements to meet management, board and shareholders as well as to comply with regulatory requirements.
  • Submission of monthly performance report to Board and shareholders in a timely manner
  • Provide analysis and insight into the Group’s performance for the month and year-to-date
  • Review of quarterly performance with the Board and provision of forecast for the year
  • Ensure that Estimated Chargeable Income (ECI) and corporate taxation are submitted on time. For ECI, ensure early submission to obtain maximum installment on payment of corporate tax
  • Ensure that GST submission is timely and net payments are made on time
  • Ensure that annual accounts are audited and reported to shareholders and submitted to ACRA
  • Direct treasury and cash operations. Plan cash disbursements in accordance with operational requirements and in compliance with the cash waterfall structure prescribed under the loan agreements.
  • Hedging of foreign currency and interest rate exposure
  • Planning of cash flow forecast to ensure sufficient cash to meet opex, capex and debt obligations
  • Establish the risk framework, direct the operation of risk middle office, implement internal control framework and insurance coverage.
  • Develop, implement and review the counterparty risk methodology and enterprise risk management framework
  • Establish the risk matrix
  • Review and update polices and procedure
  • Ensure proper operations of the middle office functions
  • Ensure compliance with internal control framework and smooth operations of internal control
  • Ensure appropriate insurance coverage such as PDBI (Property Damage & Business Interruption), Public Liability, Terrorism, and any other plant required insurance
  • Lead and develop the staff of Finance Division
  • Approved annual training plan
  • Develop staff with job rotation, projects or back-up support
  • To support the President & CEO in the Group’s strategic initiatives.
  • Determine the returns on new businesses
  • Involve in the execution of the Group’s strategic initiatives (e.g., Group restructuring exercise.)
  • To support the Audit Committee in the areas of internal audits.
  • To co-ordinate the internal audit program and assignment with the Internal Audit Team for audit of Divisions within the Group
  • To advise the Audit Committee on changes to financial reporting standards and implications for the Group’s accounting policies
  • To facilitate the calling of a tender for internal audit services
  • Member of Hedge committee and Risk committee
  • Review and direct the hedging activities of the Group
  • Approved hedging policies and procedures
  • Make changes to Counterparty Risk policy as empowered by the Board.
  • Oversee the provision of efficient and effective Store Management, Purchasing and Admin services
  • Provide direction to the Store Management, Purchasing and Admin teams on the development of objectives, work plans and operations
  • Direct the reviews of Store Management, Purchasing and Admin policies / procedures / key performance indicators to identify opportunities for further improvement
  • Direct the reviews of the various goods and services procured (e.g. equipment, parts/spares, consumables, outsourced services, etc) to ensure that the required quality standards and levels of cost effectiveness are achieved

Your Profile

  • Bachelor’s Degree in Finance, Accounting or a related field
  • Member of ICPAS
  • Minimum 15 years’ experience, including a minimum of 5 years’ experience in senior management position
  • Fiscal experience at a managerial level that includes knowledge of financial planning, treasury and capital management and risk management
  • Experience in procurement, contract management, or supply chain roles will be advantageous
  • Ability to determine financial impact of finance-related decisions and to evaluate cost effectiveness accurately
  • Have a keen sense of urgency and is responsive to business’ needs and expectations
  • Excellent stakeholder engagement and interpersonal skills, with the ability to collaborate effectively across various divisions and levels of an organization
  • Ability to manage effective flow of information
  • Display clarity and conciseness in all business matters
  • Ability to multi-task and handle a fast-paced work environment
  • Must be analytical, proactive and is a team player
  • Excellent problem-solving skills
  • Excellent verbal and written communication skills
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