Finance Manager - Asset Management

Overview Of The Role

To monitor quality of assets in the Balance Sheet, evaluate / critically review Feasibility Studies/Business Cases prior to seeking IC/Senior Management approvals, drive the follow-on mandatory Post Completion Review process and track / report Capital Expenditure spends. Also, carryout central tracking and reporting of loss-making businesses/stores across AF Group, Monitoring & reporting of the off-balance sheet financial exposures, coordinate WACC rates setup and identify/monitor assets for impairment testing and carryout benchmarking for the various AF Group Businesses and Principals

What You Will Do

Monitor quality of assets in the Balance Sheet

• Constantly monitor and report on the quality of working capital and other assets in the Balance Sheet to highlight key issues during the Financial Review Meetings and Business Review Meetings for Management attention.
• Monitor adequacy of provisioning, impairments, write-offs, etc to ensure compliance with Group Financial Policies
• Review of Investment Proposals / AFEs / Business Plan / IANs pertaining to expansions and M&As
• Carryout critical evaluation/review of new Investment Proposals / Business Plans / AFEs / IANs and M&As to ensure the proposed investments meet the investments criterion set by the Group prior to the approval by the AF Group Senior Management.
• Drive the Post Completion Review exercise with the Divisions/Businesses to ensure compliance to DOA and ensuring executed projects perform in line with the approvals provided
• As part of PCR process, highlight potential impairment cases to the Management for early action and accounting.
• Coordinate with Corporate Finance Team for issue/update of WACC rates to the Business Divisions to ensure updated rates are used by the Business Divisions in the investment proposals
  

Capital Expenditure tracking and optimization

• Centrally monitor the Capex Budget and actual spend done by the Business Divisions to ensure the spend is within the Budget and explore ways to optimize the spend
  

Marginal and Loss-making Businesses/Stores

• Carryout periodical analysis of marginal and loss-making businesses / showrooms / stores for Senior Management attention for turnaround / exit and to improve the overall profitability of the AF Group
• Tracking of action items agreed regarding the turnaround/closure of the loss-making businesses/stores for regular reporting
  

Benchmarking exercise

• Carryout benchmarking analysis on AF Group/Business Division performance with select peers, competitors, Principals, etc. based on published information for information and any performance improvements
  

Off-Balance Sheet exposure tracking/reporting

• Carryout periodical reporting of off-balance sheet exposure across AF Group for Management attention and action
  

Required Skills

Required skills to be successful

• Financial Management and reporting skills preferable with Corporate Finance experience including familiarity with computerized financial systems,
• feasibility studies preparation/review,
• financial and data modelling.
• Reasonable knowledge and understanding of International Accounting Standards
  

Role

What equips you for the role

• Commerce Graduate with CA/CMA with expertise in Financial and Management Accounting/reporting and Corporate Finance related activities
• Overall, 7-10 years + in Finance with 3 to 4 years in similar role
  

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