Assistant Director (Budget Planning, Financial Analysis and Modelling), Finance

Updated: about 4 hours ago
Job Type: Contract
Deadline: 01 Jul 2024

This position plays a key role in financial analysis and risk assessment, financial modelling and budget management.

Key Responsibilities

1. Financial Modelling

  • Refresh existing 10-Yr recurrent Financial Model
  • Capitation and fees projection for Pre-Employment Training (PET) and Continuing Education Training (CET) programmes
  • New 10-Yr Financial Model (all funds)

2. Budgeting Planning & Management
  • Oversee the budget planning
  • Annual budget planning and analysis (including Profit & Loss and cashflow forecast)
  • Profit & Loss and cashflow forecast (all funds)
  • Budget performance and SIT Management reports
  • Manage Year-End closing for budget module in SAP

3. Financial Analysis and Risk Assessment
  • Analyse and assess the financial viability of new projects, collaboration with OU partners
  • Performance analysis of the SIT degree programmes or new projects
  • Prepare financial analysis reports to SIT Management and Board Committees

4. Cost Allocation
  • Identify the cost drivers and basis of allocation between PET and CET Programmes
  • Annual filing of MOE Cost template
  • Liaison with auditors on cost audit

5. Use of Endowment Funds
  • Oversee the use Endowment funds
  • Policy on the drawdown of Endowment returns
  • Forecast projected Endowment return for Total Income Contribution (TIC)

6. Others
  • Involve in SAP HANA Implementation – SAC
  • Any other duties as assigned by supervisors

 

Job Requirements

  • Degree in Accountancy or Business with at least 5-7 years of relevant working experience, of which 2 years are in supervisory position.
  • Candidate with relevant experience in Financial Planning & Analysis (FP&A) and Financial Modelling is preferred.
  • Proficient in Microsoft Office Applications (especially Excel and Power BI).
  • Proficient in SAP FICO modules will be an added advantage.
  • Strong financial and analytical skills.
  • Organised and meticulous with an eye for detail.
  • Good interpersonal and communicational skills.
  • High level of integrity.
  • A highly motivated individual and a good team player.
  • Able to work independently.
  • Enjoy working in a dynamic environment.


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