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Finance Leadership

Head of Finance

Career guide for Accounting & Finance professionals in Singapore

The senior finance seat in a Singapore business: what the mandate covers beyond reporting, how it differs from Financial Controller and CFO, compensation expectations, and what boards and founders actually assess when they hire.

Reviewed by
Reviewed by Futureleap Editorial
Published
Published 4 August 2026
Last reviewed
Last reviewed 4 August 2026
Reading time
5 min read
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Overview

Head of Finance is the point at which finance stops being a function and becomes part of how the company is run. The mandate covers reporting and control, but it is judged on capital discipline, commercial judgement and the quality of decisions the leadership team makes with the numbers.

In Singapore the title is used in two ways. In owner-led and scaling businesses it is the most senior finance role, effectively a CFO without the title. In larger groups it sits beneath a CFO with regional or divisional ownership. Compensation, autonomy and board exposure differ sharply between the two.

Boards and founders assess three things: whether the numbers can be trusted, whether the person can say something uncomfortable clearly, and whether they can build a team that survives their absence. Technical excellence is assumed by this stage; it is rarely what decides the appointment.

Where this sits: candidates typically arrive from Financial Controller, Finance Manager in a larger business, or an FP&A leadership track built on FP&A Analyst foundations. The adjacent senior title is Finance Director — frequently the same level of mandate under a different convention rather than a step up — and the recognised next mandate is CFO.

Responsibilities

  • Lead the entire finance organisation across reporting, controlling, planning, treasury and compliance.
  • Own the financial plan, capital allocation decisions and the link between strategy and resourcing.
  • Manage cash, funding, banking facilities and, where relevant, investor or shareholder reporting.
  • Present performance, risks and recommendations to the board, founders or regional leadership.
  • Set the control environment and risk appetite, and escalate matters requiring board attention.
  • Partner the CEO and leadership team on pricing, margin, expansion and investment decisions.
  • Build, structure and develop the finance team, including succession for critical roles.
  • Oversee statutory audit, tax strategy and regulatory relationships across all jurisdictions.
  • Sponsor finance transformation, systems strategy and post-merger integration where applicable.

Skills required

  • Finance organisation leadership
  • Capital allocation
  • Cash and funding strategy
  • Board and investor communication
  • Commercial decision partnering
  • Risk and governance oversight
  • Team building and succession
  • Group reporting oversight
  • Tax strategy
  • M&A and integration support
  • Finance transformation
  • Scenario planning
  • Negotiation with lenders and partners
  • Executive judgement under ambiguity

Qualifications

  • A professional qualification such as Chartered Accountant of Singapore, ACCA, CPA Australia or CFA is expected at this level.
  • Fifteen or more years of progressive finance experience including several years of full function leadership.
  • Board, founder or regional leadership exposure must be evidenced, not implied.
  • Experience of a funding round, financing exercise, acquisition or major transformation is a strong differentiator.
  • Sector familiarity matters more here than at any earlier level, particularly in regulated and capital-intensive industries.

Salary expectations

Early in role (12–15 years)

S$15,000 – S$19,000

SME or scaling business as the top finance seat.

Established in role (15–20 years)

S$18,000 – S$25,000

Regional or divisional leadership under a CFO.

Top of role (20+ years)

S$24,000 – S$35,000

Large group scope with board accountability.

Bands show progression within this role, not overall career entry.

Career progression

  1. Head of Finance

    lead the function and partner the leadership team.

  2. Finance Director

    formal accountability for planning, capital and governance.

  3. CFO

    strategy, funding, investor relations and board partnership.

  4. Group CFO

    multi-market or multi-business accountability.

  5. Board or advisory roles

    audit committee and non-executive positions.

Recommended certifications

  • Chartered Accountant of Singapore

    the credential most frequently specified for senior finance leadership locally.

  • CFA

    differentiating where funding, valuation or investor engagement is central to the mandate.

  • Singapore Institute of Directors programmes

    direct preparation for board interaction and governance duties.

  • Executive leadership or general management programmes

    what most controllership-heavy backgrounds are missing.

  • Advanced treasury and corporate finance training

    essential where the business is leveraged or capital hungry.

Interview tips

  • Lead with a decision, not a process. A capital, pricing or exit decision you shaped and its measurable outcome.
  • Be specific about board exposure. What you presented, what was challenged and how you handled disagreement.
  • Bring a cash or funding narrative. Runway extended, facility negotiated, working capital released.
  • Explain how you built a team. Structure, hires, development and what continued working after you delegated it.
  • Diagnose the mandate. Ask whether the business needs control restored, growth supported or a company prepared for a transaction — the honest answer defines the job.

Frequently asked questions

What does a Head of Finance do in Singapore?

A Head of Finance leads the entire finance organisation, owns the financial plan and capital allocation, manages cash and funding, reports to the board or founders, and partners the leadership team on commercial decisions.

How much does a Head of Finance earn in Singapore?

Monthly base pay typically runs from about S$15,000 in an SME or scaling business to S$35,000 or more in large groups with board accountability. Bonus and equity or long-term incentives form a meaningful part of total compensation.

Is Head of Finance the same as CFO?

Not usually. In owner-led businesses the roles are close in substance, but CFO normally carries formal board accountability, external investor responsibility and a stronger strategic mandate.

What separates a shortlisted candidate at this level?

Evidence of judgement rather than duties: a financing exercise, a turnaround, a transformation or a transaction, described with the trade-offs you accepted and what you would do differently.

Can an FP&A background lead to Head of Finance?

Yes, and increasingly so. The gap to close is control and statutory reporting credibility, which is why many commercial candidates take a controllership or Finance Manager seat before the leadership step.

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Accountant

  • Fortis Group Holdings Pte Ltd
  • Singapore

FL-26-3E2TU

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