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Vice President, Accounts Payable, Group Finance

Posting Date:  22-May-2023
Location: 

Singapore (City Area), Singapore, 048624

Company:  United Overseas Bank Ltd

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices.

 

Our history spans more than 80 years. Over this time, we have been guided by our values – Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

About the Department

The Finance and Corporate Services function manages the financial and administrative needs of the Group to help achieve its business goals.

 

Group Finance

We support enhanced decision-making to achieve optimal and sustainable financial outcomes for our shareholders. We are responsible for providing insights into the performance of the Group through financial, regulatory and performance reporting of the Group.

Job Responsibilities

  • Assist AP Team Lead to oversee the running of accounts payable functions, provide guidance to AP team members and help to resolve issues encountered.
  • Approval of invoices, journal entries and expense charge-out. Ensure proper authorisation is received for invoice payment and in compliance of established policy and guidelines
  • Handle weekly Payment Run process - perform pre-run checks and release payment for GIRO and TT payments
  • Attend to AP common mailbox and users' queries, including Travel & Expense related
  • IFRS16 Leases – ensure that lease contracts are taken in within expected timeline and send monthly reports to the overseas branches / non-banking subsidiaries.
  • Handle monthly & year-end accrual process and ensure proper accounting of expenses during closing
  • Invoice Tracking and Monitoring - sending of escalation reports to BU Heads for long outstanding invoices
  • Review and manage Key Operational Risks and Controls for AP functions
  • AP Data Analytics and Process Improvement - assist in operational review and proposed initiatives to improve AP's efficiency

Job Requirements

  • Degree in Accounting / Finance or equivalent professional qualification
  • Minimum 8 to 10 years’ experience in accounts payable functions
  • Sound knowledge of accounting and GST guidelines
  • Knowledge of SAP modules would be an added advantage
  • Ability to work under time pressure to meet timeline
  • Analytical, inquisitive and have a keen eye for details
  • Good communication and interpersonal skills
  • Good leadership capabilities and problem-solving skills
  • Ability to work independently as well as in a team
  • Demonstrate the initiative and drive for process improvements
     

Be a part of UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.


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