Senior Finance Executive

About Porcelain:

Porcelain is a cult-premium skincare brand from Singapore founded by veteran aesthetician, Jenny and her daughter, Pauline with the vision to marry craftsmanship and technology to create the future of skincare. Guided by its key philosophy of achieving healthy skin from within, Porcelain Spa and Porcelain Skincare (its product range) has won more than 80 awards since its inception in 2009.

More than an established skincare brand with deep technical expertise, Porcelain will always be a PEOPLE-first company. We are enabled by technology to consistently deliver excellent products and services. Beyond that, we aim to better lives through building deeper relationships with our stakeholders while being highly conscious of the impact and value we create in the world. #DoWellDoGood

Role Overview:

As a Finance Senior Executive, you will be responsible for the full spectrum of financial accounting in accordance with statutory requirements. You will provide accurate and data-based information on companys profitability, solvency, stability and liquidity to help the company make well-informed decisions and monitor financial movements.

Responsibilities & Duties:

• Manage all aspects of the financial accounting cycle, including but not limited to bank reconciliations, A/R and A/P transactions, general ledger, as well as inter-company accounting and reconciliations.
• Perform weekly retail receipt reconciliations and follow up with the relevant store in-charge regarding any open invoices to ensure timely resolution.
• Own the preparation of journal entries, balance sheet reconciliations, and supporting analysis as a key participant in the financial close process.
• Ensure timely and accurate closing of finance and accounting activities - monthly, quarterly and annually.
• Full financial reporting, including preparing key reports; variance analysis (by product/category, by business unit); updating financial scorecards; rolling forecasts; other in-depth analysis of the financial performance.
• Update and track cash flow weekly, comparing actual versus budget, and ensuring the business is informed of its liquidity position.
• Preparation of documents for turnover and grant audits, quarterly GST filing and statutory reports for submission to the relevant authorities.
• Assists in identifying potential improvements to existing systems and processes, areas for cost savings and optimisation.
• Plays an active role in the maintenance and review of policies and procedures, including ensuring they are up to date with all regulatory requirements and best practices.

Job Requirements:

1. Bachelor's degree in Accounting, Finance, or related field.
2. 5+ years of experience in accounting or finance, with retail or beauty spa background preferred.
3. High proficiency in Microsoft Excel and the ability to handle large data sets is critical.
4. Strong analytical skills, meticulous.
5. Possesses a sense of inquisitiveness on work matters.
6. Able to work independently as well as collaboratively, as part of a team with strong work ethic.