Company Overview
Our client is an established construction and engineering company in Singapore, specializing in construction, infrastructure, and related engineering activities with diversified business interests.
Job Summary
Join a dynamic finance team as an Accountant, managing daily accounting operations, financial reporting, and project accounting to ensure accurate and timely financial records for construction projects.
Responsibilities
- Manage daily accounting operations including accounts payable, accounts receivable, and general ledger entries to maintain accurate financial records.
- Prepare monthly management accounts and financial reports to support business decision-making.
- Perform monthly bank reconciliations and prepare balance sheet schedules to ensure financial accuracy.
- Assist with month-end and year-end closing activities to meet reporting deadlines.
- Monitor project-related accounting tasks such as project costing, work-in-progress (WIP) tracking, and recording project revenue and expenses.
- Track project expenses, subcontractor costs, progress claims, and retention sums to maintain budget control.
- Analyze project budgets against actual expenditures and report significant variances to stakeholders.
- Review project profitability and cost movements to support financial performance assessments.
- Process supplier invoices, payment vouchers, and customer invoices to ensure timely payments and collections.
- Monitor and reconcile outstanding receivables and payables to maintain accurate accounts.
- Follow up on payment collections and supplier account settlements to optimize cash flow.
- Assist in preparing audit schedules and supporting documents for external audits to ensure compliance.
- Support GST reporting and corporate tax compliance in accordance with Singapore regulations.
- Ensure adherence to Singapore Financial Reporting Standards (SFRS) and maintain internal controls.
- Assist with cash flow monitoring, budgeting, and forecasting exercises to support financial planning.
- Liaise effectively with project teams, suppliers, customers, and auditors on accounting matters.
- Undertake additional finance and accounting duties as assigned to support team objectives.
Preferred competencies and qualifications
- Diploma or Degree in Accountancy, Finance, or an equivalent professional qualification.
- Minimum 3 years of relevant accounting experience.
- Experience in construction, engineering, or infrastructure industries is advantageous.
- Familiarity with construction project accounting, including WIP, project costing, and progress claims.
- Proficient in Microsoft Excel and accounting software or ERP systems.
- Strong organizational skills with the ability to work independently.
- Effective communication and interpersonal skills.