Finance Manager

YSB Construction & Trading; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

A construction company in Singapore is seeking an experienced finance leader to oversee financial management, reporting, and compliance. The ideal candidate will have a Bachelor's degree in accounting or finance, a minimum of 5 years in financial leadership roles, and strong knowledge of cost control and accounting principles tailored for the construction industry. This role offers a dynamic fast-paced environment in Jurong Area with a structured working week.

Qualifications

• Minimum 5 to 8 years of progressive financial leadership experience within a construction or project-based environment.
• Deep understanding of construction industry financial cycles.
• Ability to thrive in a fast-paced, deadline-driven environment.

Responsibilities

• Develop and implement financial strategies aligned with business objectives.
• Prepare, manage and submit financial reports, budgets, and forecasts.
• Track and manage cash flow and working capital.

Skills

Financial leadership

Accounting knowledge

Cost control

Data analysis

Team leadership

Communication skills

Problem-solving

Education

Bachelor's degree in accounting, Finance, or related field

CPA, CA, ACCA, or equivalent professional qualification

Tools

Business Central

Excel

Job description

Key Responsibilities

Finance Management & Reporting

• Develop and implement financial strategies aligned with business objectives; advise management on financial planning, investments, and risk management.
• Prepare, manage and submit monthly, quarterly and annual financial reports, budgets and forecasts for both projects and the company.
• Ensure timely preparation and closure of monthly accounts.
• Ensure timely filing of GST, corporate tax, and other statutory submissions to IRAS and ACRA.

Cost Control Management

• Implement and monitor strategies to control project costs, prevent overruns and ensure profitability and recommend corrective actions.
• Collaborate with project managers to monitor and control project costs, progress claims, variation orders, and retention sums.
• Review and approve tenders, subcontractor payments, and capital expenditures.
• Evaluate financial strength of clients for their payment ability and promptness.
• Ensure subcontractor and supplier payments are properly validated against contracts.

Cash Flow Management

• Track and manage cash flow, working capital, to ensure the company meets its operational and project-based financial needs.
• Assist Finance Director to manage and negotiate with Banks for financing facilities to support Invoice financing, BG and LC and deferred payment.
• Oversee all financial operations including managing the processes for Purchase Order, Billings, Collections, Payments, and payroll, by ensuring the operations are efficient, timely and internal controls are not compromised

Accounting & Compliance

• Oversee general ledger operations, account reconciliations, and ensure adherence to accounting standards, tax regulations, and internal policies.

Contract & Risk Management

• Review contracts to assess financial risk, track billing, manage retention, and support financial aspects of claims and disputes.

Team & Systems Oversight

• Supervise and mentor the finance / account team, and ensure the effective use and improvement of financial systems and construction accounting software.
• Foster a culture of continuous improvement and financial accountability throughout the organization.

Stakeholder Support

• Provide financial guidance and insights to management and project managers to support strategic decision-making.

Mandatory Requirement

• Bachelor's degree in accounting, Finance, or related field.
• Minimum 5 to 8 years of progressive financial leadership experience within a construction or project-based environment is required.
• Strong knowledge of accounting and cost control for multiple simultaneous construction projects and contracts and Singapore Statutory requirements.
• Deep understanding of construction industry financial cycles (progress claims, retention, variation orders).
• Proficiency in accounting software Business Central and strong Excel and financial modelling skills.
• Ability to analyse financial data, identify trends and provide actionable insights.
• Demonstrated ability to lead and developing a finance / account team.
• Good understanding of project accounting, experience in managing project risks and implementing cost control measures.
• Excellent leadership, analytical, and communication skills.
• Ability to thrive in a fast-paced, deadline-driven environment.
• Strategic thinker with a hands-on approach to solving problems.

Additional Requirement

• CPA, CA, ACCA, or equivalent professional accounting qualification required

Work Location

• Jurong Area

Working Days & Working Hours

• 5.5 days weekly
• Monday to Friday : 8.30am to 5.30pm
• Saturday : 8.30am to 12.30pm