SUMMARY
The Finance Manager is responsible for the overall accounting functions of the church and the kindergarten. The work is all encompassing and includes preparing reports and statements for major events such as the AGM, monthly and fiscal year-end financial accounts. Under guidance of the Board of Elders, this position is also responsible for hedging of funds on a regular basis.
KEY RESPONSIBILITIES
The main responsibilities for this position are as follows:
A. Organization
- This position reports to assigned Pastor.
- In the performance of this role, the incumbent works closely with relevant pastoral staff and members of the Board of Elders
B. Accounting
- Payroll
o Handle the monthly payroll for all employees of the church (10 staff) and kindergarten (23 teachers and principal) using Millions and United Overseas Bank software.
o Prepare and submit to the Central Provident Fund Board, the saving funds collected from employees and employer, via GIRO through the CPF website.
o Prepare and submit annually, statement of annual income for all staff to the Inland Revenue Authority of Singapore (IRAS) using the Millions and IRAS portals.
o Process salary adjustment for both church and kindergarten staff at the beginning of the year, and update personnel records.
- Accounts Payables
o Issue checks/GIRO payments/Telegraphic Transfers (TT) every Friday for the church and Kindergarten. Weekly transactions amount to about 60 payments in total.
o Process reimbursement of petty cash expense claims and key in data into Millions accounting software.
- Accounts Receivables
o Church – Consolidate offerings and donations from all four services under General Fund, Mission Fund and other ad-hoc fund (such as Ukraine Relief Fund) for accounting purposes.
o Deposit cash and checks collected on a weekly basis.
o Generate and post out receipts for members using PayNow and perform data entry
o Kindergarten – Collect school fees, in cash and by checks, and deposit in bank on a weekly basis.
o For school fees collected via Giro, send out application forms to parents for completion.
o Prepare list of GIRO payments to bank (United Overseas Bank) for monthly deductions and to follow up with parents if any deduction failed because of insufficient funds.
o Perform data entry for about 100 transactions per quarter.
o Collect payment due for Enrichment Classes in cash or by check and issue receipts accordingly. Key in transactions into Millions accounting software.
C. GST
- Consolidate GST collection for Church and Kindergarten for submission to IRAS on a quarterly basis.
D. General Administration
- Act as the point person for the maintenance and renewal of photocopiers’ contracts.
- Set up and educate existing or new employees on the use of the photocopier and assist in trouble-shooting simple issues when they occur.
E. Finance Budgeting and Reporting
- Prepare annual operating plan and the church budget.
- Work with budget owners to ensure compliance and understanding.
F. Annual Reporting
- Work out annual financial status e.g. ratio of reserves to operating expenses, budget variance, etc.
- Prepare annual financial statements, variance analysis, etc. for church’s Annual General Meeting.
G. Financial Management
- Review financial statements – including balance sheet and income statement
- Closely monitor the status of all expenditures and revenue monthly, and compare actual performance against budget so adjustments can be made when necessary to ensure adequate cash flow.
- Meet with external auditors as necessary to ensure audit function is effectively carried out.
- Recommend suitable fixed deposit promotions for placement of church reserves.
H. Others
The above list is not exhaustive and may include other areas of responsibilities that may be assigned from time to time.
PERSONAL ATTRIBUTES
- The incumbent needs to be in total agreement with the CBPC constitution, its practices and doctrinal positions, and the Reformed Faith as set out in the Westminster Confession of Faith.
- The incumbent is responsible for maintaining the good name and testimony of Christ and CBPC in his/her personal life as well as public ministry.
- He/she must show an exemplary life of personal discipleship to Christ and public ministry.
REQUIREMENTS
- Degree/Diploma in Finance or Accounting function
- Minimum of 5 years’ experience in doing similar work.
- A dedicated worker who has the love for God and compassion for lost souls.
- A good command of English.
- Proven ability to work both independently and/or collaboratively with different ethnic groups of people.
- Computer literate in Microsoft Office (especially Excel, Word, PowerPoint)
- Working knowledge of accounting software, eg. Million
Job Type: Full-time
Pay: $3,500.00 - $5,000.00 per month
Benefits:
- Flexible schedule
- Health insurance
Schedule:
- Monday to Friday
Supplemental Pay:
- 13th month salary
Work Location: In person
Application Deadline: 30/04/2025
Expected Start Date: 02/06/2025
SUMMARY
The Finance Manager is responsible for the overall accounting functions of the church and the kindergarten. The work is all encompassing and includes preparing reports and statements for major events such as the AGM, monthly and fiscal year-end financial accounts. Under guidance of the Board of Elders, this position is also responsible for hedging of funds on a regular basis.
KEY RESPONSIBILITIES
The main responsibilities for this position are as follows:
A. Organization
- This position reports to assigned Pastor.
- In the performance of this role, the incumbent works closely with relevant pastoral staff and members of the Board of Elders
B. Accounting
- Payroll
o Handle the monthly payroll for all employees of the church (10 staff) and kindergarten (23 teachers and principal) using Millions and United Overseas Bank software.
o Prepare and submit to the Central Provident Fund Board, the saving funds collected from employees and employer, via GIRO through the CPF website.
o Prepare and submit annually, statement of annual income for all staff to the Inland Revenue Authority of Singapore (IRAS) using the Millions and IRAS portals.
o Process salary adjustment for both church and kindergarten staff at the beginning of the year, and update personnel records.
- Accounts Payables
o Issue checks/GIRO payments/Telegraphic Transfers (TT) every Friday for the church and Kindergarten. Weekly transactions amount to about 60 payments in total.
o Process reimbursement of petty cash expense claims and key in data into Millions accounting software.
- Accounts Receivables
o Church – Consolidate offerings and donations from all four services under General Fund, Mission Fund and other ad-hoc fund (such as Ukraine Relief Fund) for accounting purposes.
o Deposit cash and checks collected on a weekly basis.
o Generate and post out receipts for members using PayNow and perform data entry
o Kindergarten – Collect school fees, in cash and by checks, and deposit in bank on a weekly basis.
o For school fees collected via Giro, send out application forms to parents for completion.
o Prepare list of GIRO payments to bank (United Overseas Bank) for monthly deductions and to follow up with parents if any deduction failed because of insufficient funds.
o Perform data entry for about 100 transactions per quarter.
o Collect payment due for Enrichment Classes in cash or by check and issue receipts accordingly. Key in transactions into Millions accounting software.
C. GST
- Consolidate GST collection for Church and Kindergarten for submission to IRAS on a quarterly basis.
D. General Administration
- Act as the point person for the maintenance and renewal of photocopiers’ contracts.
- Set up and educate existing or new employees on the use of the photocopier and assist in trouble-shooting simple issues when they occur.
E. Finance Budgeting and Reporting
- Prepare annual operating plan and the church budget.
- Work with budget owners to ensure compliance and understanding.
F. Annual Reporting
- Work out annual financial status e.g. ratio of reserves to operating expenses, budget variance, etc.
- Prepare annual financial statements, variance analysis, etc. for church’s Annual General Meeting.
G. Financial Management
- Review financial statements – including balance sheet and income statement
- Closely monitor the status of all expenditures and revenue monthly, and compare actual performance against budget so adjustments can be made when necessary to ensure adequate cash flow.
- Meet with external auditors as necessary to ensure audit function is effectively carried out.
- Recommend suitable fixed deposit promotions for placement of church reserves.
H. Others
The above list is not exhaustive and may include other areas of responsibilities that may be assigned from time to time.
PERSONAL ATTRIBUTES
- The incumbent needs to be in total agreement with the CBPC constitution, its practices and doctrinal positions, and the Reformed Faith as set out in the Westminster Confession of Faith.
- The incumbent is responsible for maintaining the good name and testimony of Christ and CBPC in his/her personal life as well as public ministry.
- He/she must show an exemplary life of personal discipleship to Christ and public ministry.
REQUIREMENTS
- Degree/Diploma in Finance or Accounting function
- Minimum of 5 years’ experience in doing similar work.
- A dedicated worker who has the love for God and compassion for lost souls.
- A good command of English.
- Proven ability to work both independently and/or collaboratively with different ethnic groups of people.
- Computer literate in Microsoft Office (especially Excel, Word, PowerPoint)
- Working knowledge of accounting software, eg. Million
Job Type: Full-time
Pay: $3,500.00 - $5,000.00 per month
Benefits:
- Flexible schedule
- Health insurance
Schedule:
- Monday to Friday
Supplemental Pay:
- 13th month salary
Work Location: In person
Application Deadline: 30/04/2025
Expected Start Date: 02/06/2025