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

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)

• 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

• 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

• 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

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

• 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.