Accountant

Yi Hui Metals Pte Ltd; Singapore; On-site; SGD 42,000 - 72,000; Full time

Job summary

Yi Hui Metals Pte Ltd in Singapore seeks an experienced Accountant to manage accounts payable, accounts receivable, and general accounting processes. You will verify invoices, post entries, reconcile accounts and prepare monthly financial statements.

The role requires strong Excel skills, familiarity with accounting software, and the ability to work independently in a fast-paced environment. GST knowledge and Singapore standards are essential.

Qualifications

• Diploma or Degree in Accountancy, Finance or equivalent qualification.
• Minimum 3 years of relevant accounting experience.
• Knowledge of Singapore accounting standards, GST and statutory requirements.
• Familiarity with accounting software and Microsoft Excel.
• Good analytical, numerical and problem-solving skills.
• Meticulous, organised and able to work independently.
• Able to meet deadlines and manage multiple accounting tasks effectively.
• Good communication and interpersonal skills.

Responsibilities

• Accounts Payable: verify invoices, match against POs/DOs, post in system, prepare payments, reconcile SOA.
• Accounts Receivable: issue invoices/credit notes, chase overdue payments, allocate receipts, issue SOA.
• General Accounting: maintain accurate records, bank daily transactions, general ledger upkeep.
• Weekly: review AP/AR, prepare payment schedules, monitor bank transactions, follow up on overdue accounts.
• Monthly: bank reconciliations, post journals, prepare P&L and balance sheet, close books.
• Quarterly/Yearly: assist audits, GST returns, tax computations, budgeting and forecasting.
• Other: maintain confidentiality of financial records and support management.

Skills

Analytical skills

Numerical ability

Problem solving

Communication skills

Interpersonal skills

Excel proficiency

Accounting software

Deadline-oriented

Multitasking

Independent worker

Education

Diploma/degree in accountancy or finance

Tools

Excel

Accounting software

Job description

JOB DESCRIPTION

DAILY RESPONSIBILITIES

1) Accounts Payable (AP)

• Receive, review and verify suppliers' invoices, ensuring accuracy and completeness of supporting documents.
• Perform invoice matching against purchase orders (POs), delivery orders (DOs) and other relevant supporting documents.
• Process supplier invoices and ensure timely and accurate posting into the accounting system.
• Prepare payment vouchers and process payments for approved invoices.
• Monitor outstanding supplier accounts and reconcile vendors' statements of accounts (SOA).
• Ensure proper filing and scanning of invoices, payment vouchers and supporting documents.

2) Accounts Receivable (AR)

• Prepare and issue customer invoices, debit notes and credit notes.
• Follow up with customers on outstanding payments and overdue accounts.
• Allocate incoming payments and receipts to the respective customer accounts.
• Monitor customer accounts and maintain accurate accounts receivable records.
• Review customer purchase orders (POs) and ensure compliance with agreed billing terms.
• Prepare and send Statements of Accounts (SOA) to customers.

3) General Accounting

• Ensure all accounting transactions are accurately recorded and properly supported by relevant documentation.
• Maintain proper filing and documentation of financial records.
• Monitor daily banking transactions and ensure receipts and payments are properly recorded.
• Assist in maintaining accurate general ledger records.

WEEKLY RESPONSIBILITIES

• Review and monitor outstanding accounts payable and receivable.
• Prepare payment schedules and payment vouchers for management approval.
• Review and monitor bank transactions to ensure all receipts and payments are properly accounted for.
• Follow up on overdue customer accounts and outstanding supplier matters.
• Review cash flow and update management on the company's cash position.
• Ensure all accounting records and supporting documents are updated and properly maintained.

MONTHLY RESPONSIBILITIES

• Perform monthly bank reconciliations and investigate any discrepancies.
• Reconcile accounts payable and accounts receivable balances against vendor and customer statements.
• Prepare and post monthly journal entries, including accruals, prepayments and depreciation.
• Perform general ledger reconciliation and ensure all accounting balances are accurate.
• Assist in month-end closing and ensure all financial transactions are properly recorded.
• Prepare monthly Profit & Loss Statement (P&L) and Balance Sheet.
• Prepare monthly management accounts and financial reports for management review.
• Analyse monthly expenses and investigate significant variances.
• Review outstanding receivables and payables and highlight overdue balances to management.
• Prepare monthly cash flow reports and forecasts.
• Ensure all monthly accounting schedules and supporting documents are completed and properly maintained.

QUARTERLY / YEARLY RESPONSIBILITIES

• Assist in the preparation of annual financial statements and financial reports.
• Prepare supporting schedules and documents for annual statutory audits.
• Liaise with external auditors, tax agents and other relevant parties on accounting and financial matters.
• Assist in the preparation and submission of Goods and Services Tax (GST) returns to IRAS.
• Assist in corporate income tax computation and provide relevant supporting documents to tax agents.
• Assist in annual budgeting and financial forecasting.
• Review and ensure compliance with applicable accounting standards, statutory requirements and company policies.
• Assist management in reviewing the company's financial performance and identifying areas for cost control and improvement.

OTHER RESPONSIBILITIES

• Ensure proper maintenance, accuracy and confidentiality of all accounting and financial records.
• Ensure compliance with company financial policies, procedures and internal control requirements.
• Identify and recommend improvements to accounting processes and procedures.
• Provide accounting and financial information to management whenever required.
• Perform other ad-hoc accounting and finance-related duties as assigned by management.

JOB REQUIREMENTS

• Diploma or Degree in Accountancy, Finance or equivalent qualification.
• Minimum 3 years of relevant accounting experience.
• Knowledge of Singapore accounting standards, GST and statutory requirements.
• Familiarity with accounting software and Microsoft Excel.
• Good analytical, numerical and problem-solving skills.
• Meticulous, organised and able to work independently.
• Able to meet deadlines and manage multiple accounting tasks effectively.
• Good communication and interpersonal skills.