ACCOUNTS EXECUTIVE

XIE HE ENGINEERING PTE. LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A construction company in Singapore is seeking an experienced accountant to manage day-to-day accounting operations for its projects. Responsibilities include handling accounts payable and receivable, project costing, and ensuring compliance with financial regulations. Candidates must have a Diploma or Degree in Accounting or Finance, along with 2–4 years of relevant experience in the construction or engineering industry.

Qualifications

• Minimum 2–4 years of accounting experience, preferably in construction or engineering.
• Good understanding of Singapore accounting and tax regulations.
• Knowledge of progress billing, retention, and project costing is an advantage.

Responsibilities

• Handle full sets of accounts including AR, AP, GL.
• Maintain accurate accounting records and prepare closing reports.
• Process supplier payments and monitor retention sums.
• Prepare customer invoices and ensure timely collections.
• Assist in project cost tracking and reporting.
• Perform bank reconciliations and manage petty cash.
• Support annual audit and ensure compliance.

Skills

Accounting software proficiency

Microsoft Excel

Attention to detail

Organizational skills

Education

Diploma or Degree in Accounting or Finance

Job description

Job Purpose

To perform day-to-day accounting operations and ensure accurate financial reporting for the company’s construction projects. The role supports financial control, project cost monitoring, and compliance with statutory requirements.

Key Responsibilities

1. General Accounting

• Handle full sets of accounts (AR, AP, GL, and bank reconciliation).
• Maintain accurate and up-to-date accounting records in accordance with company policies.
• Prepare monthly, quarterly, and year-end closing reports.
• Process journal entries, accruals, and adjustments.

2. Accounts Payable (AP)

• Verify supplier invoices, purchase orders, and delivery orders for accuracy.
• Process payments to suppliers, subcontractors, and vendors according to payment terms.
• Monitor retention sums and progress payments related to construction contracts.

3. Accounts Receivable (AR)

• Prepare customer invoices and follow up on payments.
• Monitor aging reports and ensure timely collection.
• Handle progress claims and coordinate with project teams for billing accuracy.

4. Project Costing and Reporting

• Assist in tracking project expenses and comparing them against budgets.
• Liaise with project managers and quantity surveyors to ensure accurate cost allocation.
• Prepare cost reports and support management in financial analysis.

5. Banking and Cash Management

• Perform bank reconciliations and petty cash management.
• Assist in cash flow forecasting and fund management.

6. Audit, Taxation & Compliance

• Assist in annual audit, tax submissions, and government reporting (GST, CPF, IRAS, etc.).
• Ensure compliance with accounting standards and company internal controls.

7. Administrative Support

• Maintain proper filing and documentation of accounting records.
• Support ad-hoc duties assigned by management or finance department.

Requirements

• Diploma or Degree in Accounting, Finance, or equivalent qualification.
• Minimum 2–4 years of accounting experience, preferably in construction or engineering industry.
• Knowledge of progress billing, retention, and project costing is an advantage.
• Proficient in accounting software and Microsoft Excel.
• Good understanding of Singapore accounting and tax regulations.
• Meticulous, organized, and able to work independently under tight deadlines.