Accounts Executive for Marine Construction Company

HONG YUEN ELECTRICAL ENGGINEERING CO PTE LTD; Singapore; On-site; SGD 36,000 - 50,000; Full time

Job summary

A leading company in marine construction is seeking an Accounts Assistant to manage financial tasks, including accounts payable and costing reports. The ideal candidate will have a diploma in Accounting or Finance and at least two years of relevant experience. Proficiency in accounting software and a strong ability to meet deadlines are essential for this role.

Qualifications

• Minimum 2 years of relevant experience, preferably in construction, engineering, or maritime industries.
• Familiarity with project accounting is a plus.

Responsibilities

• Process supplier invoices and follow up on receivables.
• Assist in tracking project-related costs and prepare cost variance reports.
• Record journal entries and reconcile accounts.
• Assist in month-end and year-end closing processes.
• Ensure compliance with local accounting standards and prepare regulatory filings.

Skills

Analytical skills

Organizational skills

Communication skills

Proficiency in accounting software

Proficiency in MS Excel

Education

Diploma or equivalent in Accounting, Finance

Tools

Xero

Job description

Job Description/ Key Responsibilities:

1. Accounts Payable & Receivable

• Process supplier invoices, verify against purchase orders and delivery notes.

• Prepare and process payments (cheques, GIRO, TT).

• Issue invoices to clients and follow up on receivables.

• Maintain aging reports and assist in collections.

2. Project Costing & Budget Tracking

• Assist in tracking and allocating project-related costs (labor, materials, equipment).

• Prepare cost variance reports for ongoing marine construction projects.

• Monitor budget utilization and flag overruns.

3. General Ledger Maintenance

• Record journal entries, accruals, and adjustments.

• Reconcile bank, supplier, and customer accounts.

• Maintain supporting documentation and audit trails

4. Financial Reporting

• Assist in month-end and year-end closing processes.

• Support the preparation of financial statements and management reports.

• Liaise with auditors and tax agents.

5. Compliance & Documentation

• Ensure compliance with local accounting standards, tax regulations, and marine construction financial policies.

• Prepare GST/VAT returns, withholding tax reports, and other regulatory filings.

6. Administrative Support

• Manage insurance documentation, bond guarantees, and subcontractor payments.

• Coordinate with project managers for billing milestones and claims

Qualifications & Skills:

Education:

• Diploma or equivalent in Accounting, Finance, or equivalent.

Experience:

• Minimum 2 years of relevant experience, preferably in construction, engineering, or maritime industries.

• Familiarity with project accounting is a plus.

Skills:

• Proficiency in accounting software (e.g, Xero)

• Good knowledge of MS Excel and reporting tools.

• Strong analytical and organizational skills.

• Ability to work independently and meet tight deadlines.

Preferred Attributes:

• Attention to detail and accuracy.

• Team player with good communication skills.

• Understanding of marine or offshore project lifecycles is a bonus.

Application Instructions:

To apply for this position, please submit your resume/CV to [e-mail].