Finance Controller

Requisition ID:  27416
Job Location(s): 

Singapore, SG

Job Description

To improve our organization and to support the future growth and success of Danfoss, we are looking for a Finance Controller with a keen interest to become a pro-active partner for our business in all controlling matters. This job offers a wide range of interesting and exciting project work, tasks, and responsibilities in an international environment. Danfoss Power Solution is a leader in the mobile and industrial fluid power industries with components that is commonly used in the construction & mining, oil & gas and marine, agricultural, discrete manufacturing and processing industries. 

Job Responsibilities

Responsibilities for this position include, but are not limited to, the following.

  • Direct and review the analysis and interpretation of statistical and accounting information for use in management decision making for the combined Singapore Hose Plant and Trading Business
  • Business partnering with the business emphasizing on operational leadership and driving profitability (monitoring and approval of margins and cost outs)
  • Ensure integrity of the general ledger and the accurate generation of the Profit and Loss account and Balance Sheet.  Production of timely and accurate Corporate reporting in accordance with Statutory Accounts in adherence to local GAAP
  • Sound knowledge of revenue recognition policies and work together with Customer Service, Supply Chain and Project Management Engineers in ensuring timely and correct revenue recognition based on contract terms. In conjunction with this, ensure overall working capital for the project business supports Danfoss’ working capital targets
  • Supervise and direct the plant’s cost accounting activities and develop costing models and identify methods to improve calculation and control of costs
  • Investigate and provide data and analysis on cost drivers for the business and ensure costs are allocated to the respective business units / product lines using drivers appropriate for the activity inline with Danfoss’ Target Operating Model
  • Prepare monthly actual, rolling forecast, annual Profit Plan and conduct variance analysis for Corporate reporting and support Management decision making processes 
  • Oversee overall credit and collection ensuring compliance to Danfoss credit policies and procedures
  • Support the company’s compliance with Danfoss Financial Policies & Procedures and Sarbanes-Oxley requirements
  • Continually review, improve financial controls and processes throughout the business
  • Ensure compliance and timely lodgment of GST returns, MES renewal and Withholding tax submissions

Background & Skills

The ideal candidate possesses these skills.

 

  • Master's / Bachelor's degree in Accounting / Finance, CPA / CA Preferred
  • Around 5 to 10 years of overall combined accounting and finance experience
  • Proven experience as Finance Controller or equivalent position
  • Systems aptitude (Oracle, MfgPro, SAP, Hyperion, Encore, Radar and PC skills)
  • Analytical skills
  • Attention to detail, high level of accuracy

Danfoss – Engineering Tomorrow

At Danfoss, we are engineering solutions that allow the world to use resources in smarter ways – driving the sustainable transformation of tomorrow. No transformation has ever been started without a group of passionate, dedicated and empowered people. We believe that innovation and great results are driven by the right mix of people with diverse backgrounds, personalities, skills, and perspectives, reflecting the world in which we do business. To make sure the mix of people works, we strive to create an inclusive work environment where people of all backgrounds are treated equally, respected, and valued for who they are. It is a strong priority within Danfoss to improve the health, working environment and safety of our employees.


Following our founder’s mindset ‘action speaks louder than words’, we set ourselves ambitious targets to protect the environment by embarking on a plan to become CO2 neutral latest by 2030.


Danfoss is an EO employer and VEVRAA Federal Contractor. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, or other protected category.

Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.

Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.

Our innovative engineering dates back to 1933. Danfoss is family-owned, employing more than 42.000 people, serving customers in more than 100 countries through a global footprint of 95 factories.
 

 

Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.

Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.

Our innovative engineering dates back to 1933. Danfoss is family-owned, employing more than 42.000 people, serving customers in more than 100 countries through a global footprint of 95 factories.