Finance Manager

WOCH STUDIO PTE. LTD.; Singapore; On-site; SGD 80,000 - 110,000; Full time

Job summary

A construction firm in Singapore is searching for an experienced Finance Manager to handle the financial operations of ongoing projects. The ideal candidate will have over 5 years in finance/accounting and 3 years in construction, with strong skills in budgeting, project costing, and financial reporting. This critical role ensures financial compliance and liquidity management across multiple projects.

Qualifications

• 5+ years of experience in finance or accounting, with at least 2 years in a managerial or supervisory capacity.
• 3+ years of experience in the construction industry.
• Experience with project accounting and cost control for multiple simultaneous projects.

Responsibilities

• Develop and monitor budgets for construction projects.
• Oversee project-based accounting and job costing processes.
• Manage day-to-day cash flow to ensure sufficient liquidity.

Skills

Financial planning

Project costing

Financial compliance

Team supervision

Analytical skills

Tools

QuickBooks for Contractors

Xero

ERP systems

Job description

Job Summary:

We are looking for an experienced and analytical Finance Manager to oversee the financial operations of our construction company. This role requires strong knowledge of construction accounting, project costing, and financial planning. The Finance Manager will play a key role in budgeting, cash flow management, and financial compliance for multiple ongoing and upcoming projects.

Key Responsibilities:

1. Financial Planning & Budgeting

• Develop and monitor budgets for construction projects in collaboration with project managers.
• Prepare forecasts and financial models to support project bidding and investment decisions.
• Track actuals vs. budget and analyze cost variances.

2. Project Cost Accounting

• Oversee project-based accounting and job costing processes.
• Ensure accurate allocation of costs to appropriate projects, cost codes, and phases.
• Review subcontractor invoices, materials purchases, and progress payments.

3. Cash Flow & Treasury Management

• Manage day-to-day cash flow to ensure sufficient liquidity for ongoing projects.
• Monitor collections from clients and payments to suppliers/subcontractors.
• Maintain banking relationships and manage project-based financing or lines of credit.

4. Financial Reporting & Compliance

• Prepare monthly, quarterly, and annual financial reports for management and external stakeholders.
• Ensure compliance with local tax regulations, financial reporting standards, and industry-specific regulations.
• Coordinate with auditors, tax advisors, and government authorities.

5. Contract & Risk Management

• Support review of contracts to assess financial risk, payment terms, and retention clauses.
• Track contract billing, variations, and retentions in coordination with the contracts team.
• Assist in claims preparation and dispute resolution from a financial perspective.

6. Team & Systems Oversight

• Supervise and mentor accounting/finance staff.
• Maintain and improve financial systems (ERP, accounting software, job costing tools).
• Support implementation of new systems or automation tools for efficiency.

Experience:

• 5+ years of experience in finance or accounting, with at least 2 years in a managerial or supervisory capacity
• 3+ years of experience in the construction.
• Experience with project accounting and cost control for multiple simultaneous projects

Technical Skills:

• Proficiency in construction accounting software (e.g., QuickBooks for Contractors, Xero, MRI, or similar)
• Strong Excel skills and financial modeling capability
• Familiarity with ERP and project management tools

Key Competencies:

• Solid understanding of construction billing cycles, progress claims, retention, and WIP (Work in Progress) reporting
• Strong analytical and problem-solving skills
• High attention to detail and organizational skills
• Excellent communication skills to work with project managers, site engineers, and external stakeholders

Other:

• Knowledge of local tax regulations and labor compliance (as applicable)
• Ability to work under tight deadlines and manage priorities across multiple sites
• Willingness to visit project sites occasionally (if required)

Preferred:

• Experience in large-scale infrastructure or civil construction projects
• Exposure to international joint ventures or government tender projects
• Knowledge of FIDIC or other construction contract frameworks