Area Finance Manager, Singapore/Philippines/Malaysia

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Area Finance Manager, Singapore/Philippines/Malaysia
Subang JayaLocalFinance/AccountingRef.: DC-083473
Damco Asia Region is the biggest region in the Damco global organization (in terms of staff and in terms of impact on global bottomline). The countries covered by Asia are: China and Hong Kong (grouped in 3 clusters) Taiwan, Japan, Korea, Singapore, Malaysia, Indonesia, Philippines, Vietnam Cambodia, Mynamar, Australia and New Zealand.
Key Responsibilities
• Area owner of Damco’s financial data and data quality
• Understand the business strategy and provide relevant insight into business performance
• Responsible to ensure compliance with tax, vat regulations/changes
• Provide financial leadership in determining strategic business direction and align finance strategies
• Oversee and ensure completion of budgeting process
• Oversee and complete book closing processes, and ensure that the reporting is aligned with SPM GAAP, IFRS and legal requirements
• Risk management
• Managed shared service centre processes and resources.
• Drive and improve financial performance forecasting
• Provide high quality financial forecasting and budgeting, to maintain predictability for Damco SPM
• Partnering with “Sales”, “Commercial” and “Operation” team/organization
• Demonstrate and able to drive high finance performance through local and virtual/offshore teams
• Act in the decision making process through the provision of risk-adjusted financial information and analysis
• Ensure compliance to finance regulations
• Provide business expertise into effective planning and forecasts
• Visible collaboration and one team mind-set (cross border and within)
• Develop and strengthen the finance organization to become a world-class organization
• Accountable for the implementation- of and adherence to local legislation and internal compliance policies, requirements and procedures
• Responsible for timely and accurate reporting of facilitation payments and ensuring same are actively opposed, mitigated and over time, eliminated in close cooperation with operations, procurement and commercial

Business Partnering
• Support area strategy execution
• Annual Operating Plan and forecasting, including target setting for Products and Functions
• Performance management towards Products and Functions
• Management reporting at Area level, variance explanations and related actions plans
• Prepare and review business cases for capex and leases etc.
• Drive cost containment initiatives at Area level

Working Capital
• Responsible for working capital optimizing and for driving down AR and AP overdue balances to minimum
• Maintain data infrastructure for AR and AP reporting and work with respective business stakeholders to ensure highest possible data quality
• Enforce credit and dunning procedures at Area level, consistent with global credit policy
• Take appropriate legal actions for overdue customers
• Handle and record cash transactions
• Collection calls in local language
• Vendor (A/P) contact in local language and coordination towards local Area organization

Controlling/Business Analysis
• Responsible for FACT/ERP trial balance(s) and associated financial statements, both for statutory and Group reporting
• Sign-off on account reconciliations
• Ensuring compliance with IFRS and APM GAP, clean external audits
• Coordinate and sign-off of local statutory accounts
• Sign-off on HFM reporting to level 4 on behalf of Area.
• Sign-off on HFM books.
• Improving cross functional links to eliminate challenges in financial control dashboards
• Review product and customer profitability analysis to assist the business
• Trend and performance analysis, root cause investigation at Area level
• Responsible for statutory corporate governance within the Area
• Responsible for sign-off of local tax filings, support third party in local tax execution
• Ad-hoc projects as directed by the Area Manager and Regional Office

Business Process
• Ensure compliance with mandatory processes
• Manage Area relationship with GSC

Lead and manage area finance organizations for Singapore/Philippines/Malaysia area
  • Coach and give guidance to finance managers in the countries
  • Build, maintain and develop a strong/sustainable finance team for area through country finance managers
  • Resource planning for area finance organization and best practice sharing/process standardization across area


*LI-ASIA
Who we are looking for
• Top in class M.Sc. in finance or equivalent
• 8-10 years of working experience within finance
• 3-5 years of leadership experience with proven records
• Excellent knowledge of the business
• Ability to identify financial data trends and provide recommendations cross functionally and to area manager on how to take advantage of same
• Ability to develop understanding, create insight and drive action for operations, commercial and area manager
• Able to structure, conduct and facilitate analytical problem solving
• Excellent financial and analytical skills
• Strong verbal and written communication skills
• Outgoing Personality
• Exhibit a culture of challenging preconceptions and better practices
• Senior stakeholder management experience
• Excellent demand of English
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For further information, please contact: .
Damco, a company owned by the A.P. Moller-Maersk Group, is looking for a candidate that is up to the challenge of driving our business forward in a fast paced and dynamic industry. With over 200 offices in 90 countries we are recognized as an industry leader in integrated logistics services encompassing warehousing and distribution, ocean and air freight as well as supply chain management.
DAMCO is part of the A.P. Moller - Maersk Group. For more information, see www.damco.com and www.apmoller.com
 Damco is one of the world's leading third party logistics providers specialising in customised freightforwarding and supply chain solutions. The company has about 11,000 employees working in more than 300 offices around the world and a global presence in about 100 countries. Damco is part of the Maersk Group. More information about Damco can be found on www.damco.com.