Finance Executive (Accounts Receivable & Project Accounting)

SM C2R CORPORATE PTE. LTD.; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

SM C2R CORPORATE PTE. LTD. is seeking a detail-oriented accounting professional to manage AR and project accounting for construction projects in Singapore. The role requires strong knowledge of construction accounting principles and experience with Xero.

The ideal candidate will handle monthly billings, revenue recognition, and project financial analyses, while coordinating with project managers to ensure timely, accurate reporting and audits.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• 3–5 years of accounting experience, preferably in the construction industry.
• Experience with construction project accounting principles.
• Proficiency in Xero accounting software.

Responsibilities

• Manage monthly progress billings, tax invoices, credit notes, and milestone claims.
• Ensure proper revenue recognition and deferred revenue tracking across all invoices.
• Monitor aged AR reports daily and follow up on outstanding balances.
• Maintain clear records of payment commitments and collection timelines.
• Perform bank reconciliations and match payments to receivables.
• Allocate payments across client invoices, projects, and retention ledgers.
• Track contract retention funds withheld by clients on active projects.
• Perform AR month-end closing activities and revenue schedule tie-outs.
• Oversee daily accounting operations for construction projects.
• Prepare and maintain accurate project accounting records using Xero.
• Monitor project budgets, costs, and financial performance.
• Provide financial analyses to assist decision-making for projects.
• Prepare financial reports including P&L, balance sheets, and cash flow for projects.
• Coordinate with project managers for accurate financial tracking.
• Assist with audits and compliance requirements.
• Support month-end and year-end close for projects.
• Identify opportunities for cost savings and efficiency improvements.

Skills

Detail-oriented

Organizational skills

Communication skills

Teamwork

Independent work

Education

Bachelor’s degree in Accounting/Finance

Tools

Xero

Job description

Responsibilities

Accounts Receivable

• Manage monthly progress billings, tax invoices, credit notes, and milestone claims.
• Ensure proper revenue recognition, deferred revenue tracking, and accurate tax mapping (e.g., GST/VAT) across all sales invoices.
• Monitor aged AR reports daily and systematically follow up on outstanding client balances to ensure timely payment collection.
• Maintain clear and organized communication records regarding payment commitments and collection timelines.
• Perform bank reconciliations, accurately matching incoming bank transfers, cheques, and electronic payments against outstanding receivables.
• Allocate payments correctly across individual client invoices, project accounts, and retention ledgers.
• Track, reconcile, and maintain accurate records of contract retention funds withheld by clients across all active projects.
• Perform month-end closing activities related to AR, including account reconciliations and revenue schedule tie-outs.

Project Accounting

• Manage and oversee daily accounting operations related to construction projects.
• Prepare and maintain accurate accounting records using Xero software.
• Monitor project budgets, costs, and financial performance.
• Conduct project evaluations and financial analyses to assist in decision-making.
• Prepare financial reports, including profit and loss statements, balance sheets, and cash flow analysis for construction projects.
• Coordinate with project managers to ensure accurate and timely financial tracking.
• Assist with audits and compliance requirements.
• Support project month-end and year-end closing activities.
• Identify opportunities for cost savings and efficiency improvements within projects.

Requirements

• Bachelor’s degree in Accounting, Finance, or related field.
• 3-5 years of accounting experience, preferably in the construction industry.
• Strong knowledge of construction project accounting principles.
• Proficiency in Xero accounting software.
• Experience in project evaluation and financial analysis.
• Detail-oriented with strong organizational and communication skills.
• Ability to work independently and as part of a team.