Job Description

This position will manage the overall reporting and business intelligence robustness delivering timely, accurate, and value-adding decision support to the Singapore Business.

• The role supports the SG business in the analysis of past and current financial and operations data, identifying trends and providing timely and accurate information including future projections that would allow the management to make strategic, well -informed decisions on how to improve and grow effectively. Operational plans and strategies can be targeted and effective with the clear understanding of the impact on current and future financial performance.
• This role will have in-depth understanding into the SG Business' operations processes through the performance of Activity-Based Costing and simulations, fundamental for strategic review of product offerings, products pricing and cost management.
• The management of financial reporting (annual ASF, quarterly POI) to regulatory (IMDA) will be under the arm of this role to provide accuracy and consistency in information, analysis across various reports and projects.
• P&L Management - Reporting and analysis of financial performance and identifying key areas of concern for review.
• Financial Planning & Analysis - Budgeting and Forecasting, tracking of performance against financial targets and past year's results. Setting of business goals through annual budgeting exercise.
• Financial Modelling/ Process Costing - Periodical refresh of process costing for key businesses under this role to acquire in-depth understanding of end-to-end process flow and accuracy in costing. Provision of modelling simulation, in support of product and pricing teams for strategic updates to products offerings and customers tenders submissions.
• Regulatory Reporting - Review and management of financial reporting (ASF, POI) to IMDA. Ad-hoc modelling for strategic projects relating to regulated services.

Key responsibilities include:

• Managing the budgeting, forecasting and long-term planning process
• Provide detailed analysis and commentary on cost centre results including

- Performing analysis of revenue performance and growth, profit and loss reports, operating variances, and key performance indicators
- Analysing actuals against budget/ forecast and prior years

• Utilising BI tools to delivery meaningful insights into business performance
• Support decision making by providing stakeholders with timely, detailed and meaningful insights and visibility on business performance.
• Financial modelling and Process costing (Activity-Based Costing) for strategic review of product offerings, products pricing and cost management.
• Support regulatory reporting and management of ASF, POI, strategic projects, ensuring accuracy and consistency in information, analysis across various reports and projects.
• Perform ad-hoc analysis where required to assist in management decision making.

Monthly Closing & Forecasting (Revenue & Opex)
Frequency: Weekly and Monthly

• Monthly reporting and variance analysis of financial performance
• Monitor the movement of the P&L during closing
• Monthly cost review with Operations BU by highlighting areas of risks and opportunities
• Weekly forecasting of revenue and margin for Postal Meeting, allowing management to understand expected performance for the Month and if required, put in place action plans to address gaps.

Quarterly Review & Latest Estimates - Forecasts
Frequency: Quarterly & Yearly

• Quarterly review slides for senior management and/or board meeting
• Review of financial performance and provide quarterly estimates to finance

Yearly Budget
Frequency: Yearly

• Propose budget to the management based on historical revenue trending and budget, with consideration of forecasted development of key/ new customers, business environment etc.
• Supporting various stakeholders on budgeting exercise (Revenue, Opex, Capex)

Daily volume reporting
Frequency: Daily

• Daily tracking of Postal & Parcel volume against forecast and budget

Periodical Refresh of Process Costing
Frequency: Periodical (Quarterly/ Half-yearly/ Ad-hoc)

• Interviews and discussions with all relevant stakeholders to acquire in-depth understanding of end-to-end process flows for purposes of updating process costing
• Integrate operations data and financial data into financial model to derive process costings by products
• Provision of recommendations on problem areas for cost management purpose
• Simulation of costing as requested for analysis of strategic initiatives/ review of product offerings, pricing for customised tender submissions

Activity-Based Costing
Frequency: Monthly

• Preparation of Activity-Based Costing with sound costs allocation methodology to derive Products P&Ls
• Tracking of financial performance by products through review of base load achievement

Annual/ Quarterly Regulatory Reporting
Frequency: Annual/ Quarterly

• Review of PCAM and ASF working files from Group Finance for annual submission of audited ASF to IMDA
• Support of POI for quarterly submission of financial related information to IMDA

Restructuring/ Various support
Frequency: Ad-hoc

• To support in various areas due to organization restructuring and analyse the impact of changes to P&L
• Provision of financial clarifications to IMDA's queries on timely basis
• Projects and Initiatives (as assigned)

Additional Information

Career Level

Manager

Qualification

Bachelor's Degree, Post Graduate Diploma, Professional Degree

Years of Experience

5 years

Job Type

Full-Time

Job Specializations

,

Company Overview

As Singapore's designated postal operator, Singapore Post (SingPost) provides mail services to homes and businesses throughout the country, besides pioneering e-commerce and logistics solutions across the Asia Pacific region and beyond. SingPost's diversified offering includes retail, storage, financial services and integrated business services in addition to its traditional postal activities, and the company now operates in 19 markets with over 7500 employees around the world.

The origins of SingPost can be traced back to 1819, when a single mail office was established to serve the newly-founded British trading post of Singapore. Demand for postal services soon began to grow, and the 'Post Office' was officially established as a government department in 1858. To learn more about SingPost's heritage, please visit https://160.singpost.com/. Today SingPost is listed on the SGX-ST, with its largest shareholders being Singapore Telecommunications Limited (21.8%) and Alibaba Group Holding Limited (14.5%).

Being Singapore's designated Public Postal Licensee (PPL), a position that was renewed in 2017, SingPost is responsible for managing the country's 57 post offices, 743 street posting boxes and 11,050 POPStation lockers across 156 locations, as well as issuing stamps, maintaining the national postal code system, processing and delivering average 3 million mail items daily.

SingPost takes a proactive approach to diversifying its operations, while also ensuring that its various subsidiaries and services are seamlessly integrated. In addition to SingPost's eCommerce business, an ecommerce enabler that provides brands and retailers with integrated ecommerce solutions, SingPost offers logistics and fulfilment services to businesses through Quantium Solutions across the Asia Pacific region. Another business, Speedpost provides international shipping to more than 200 destinations across the globe and courier services within Singapore, while CouriersPlease delivers parcels throughout Australia, and Famous Holdings offers international freight consolidation and forwarding. Lock+Store offers self-storage solutions in Singapore, Hong Kong and Malaysia. Together, these end-to-end solutions result in a unified organisation with a firm foothold in a wide range of strategic markets, and a shared vision to become a global leader in both communications and e-commerce logistics.

SingPost has received international recognition for the quality of its operations, including awards for customer care, investor relations, digital innovation and e-commerce. Innovative and forward-thinking, SingPost has successfully developed a globally competitive postal and logistics infrastructure which is perfectly positioned to keep pace with Singapore's ambitious plans for the future.

Additional Company Information

Registration No.

199201623M

Company Size

2001 - 5000 Employees

Average Processing Time

6 days

Industry

Transportation / Logistics

Benefits & Others

Medical, Regular hours, Mondays - Fridays, Business (e.g. Shirts), Flexible benefits