What The Role Is
Be part of a high-performing Finance Department that drives sound financial governance and operational excellence and continuous improvement across ACRA. As the functional lead for Accounts Payable, you will manage and be responsible for the delivery, governance and continuous enhancement of the Accounts Payable function, including strengthening internal controls and stakeholder service delivery, and leveraging data analytics and digital solutions to enhance finance operations and business outcomes.
What You Will Be Working On
Reporting to
- Deputy Director / Director
Job Responsibilities
Accounts Payable
- Responsible for the Accounts Payable function, ensuring timely and accurate processing of invoices, payments, staff claims, refunds and grant disbursements in accordance with the Government Instruction Manual (IM), grant schemes and internal policies
- Lead the month-end, quarter-end and year-end closing activities relating to the Accounts Payable function, including the review of journal entries, accruals, reconciliations and supporting schedules
- Oversee the preparation and submission of quarterly GST returns to IRAS
- Monitor and manage cashflow requirements to ensure timely funding of payment obligations
- Review and enhance workflows, controls and operating procedures to strengthen governance, compliance and operational effectiveness as the process owner for Accounts Payable and related payment processes
- Analyse payments, staff claims, refunds and grant disbursements using data analytics to identify trends, anomalies and opportunities to strengthen governance, operational performance and decision-making
- Implement, review and strengthen finance policies, standard operating procedures, governance frameworks and internal controls to ensure compliance with the Government IM and Whole-Of-Government best practices
- Provide expert advice and recommendations on Accounts Payable, payments, refunds, grant disbursements matters to support management decision making
Others
- Build strong partnerships with business divisions, vendors and external stakeholders to resolve complex payment, refund and grant-related matters and deliver responsive, customer-centric and value-added finance services
- Collaborate with system vendors and internal stakeholders to resolve system issues, implement system enhancements and drive digitalisation initiatives relating to payment, refund and finance operations
- Lead transformation initiatives across Accounts Payable and related finance processes through automation, analytics, artificial intelligence and digital solutions to enhance efficiency, controls and stakeholder experience.
- Guide the Accounts Payable team, building capabilities and promoting accountability, innovation and service excellence.
- Support the preparation of ACRA's financial statements and serve as the primary point of contact for internal and external auditors on Accounts Payable matters, including coordinating audit requests and responses to audit observations
- Represent the Accounts Payable function and Finance Department in organisation-wide projects, cross-functional committees and Whole-of-Government initiatives, as delegated
- Act as covering officer for the Accounts Receivable function
- Undertake any other duties or ad-hoc projects as assigned
What We Are Looking For
Job Requirements
- Professional qualification in Accountancy, Finance or a related discipline.
- At least 5 years of relevant experience in finance operations, preferably in Accounts Payable, financial reporting and public sector finance, with supervisory experience
Technical Competencies
- Strong knowledge of accounting standards, Accounts Payable operations, financial reporting and internal controls
- Experience in GST reporting, grant administration and finance operations within the Public Sector would be an advantage
- IT-savvy with experience in finance systems, data analytics and digital transformation initiatives
- Experience in process improvement, automation and the use of data analytics to enhance finance operations
Behavioural Competencies
- Innovative, resourceful and a problem-solver, with the ability to examine issues from multiple perspectives and recommend practical solutions
- Strong analytical and critical thinking skills
- Demonstrates strong change management and process improvement capabilities, with the ability to lead teams through operational and digital transformation initiatives
- Strong interpersonal and stakeholder management skills, with the ability to communicate and work effectively with stakeholders at all levels.
- Self-starter and proactive, with the ability to manage multiple
priorities and deliver quality outcomes under tight timelines
- Strong people leadership skills with the ability to coach, develop and motivate a high-performing team
- Possesses a growth mindset and a strong inclination to learn, innovate and drive continuous improvement