Financial Analyst on IT Project Accounting (based in Singapore)

W-Consulting Company Ltd.; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

A leading consulting firm is seeking a Financial Analyst in Singapore with expertise in Project Accounting within the IT sector. The role involves financial reporting, contract negotiations, and analyzing revenue recognition impacts. Candidates should have a Bachelor's degree in Accounting or Finance, along with 3-5 years of relevant experience and knowledge of IFRS15 and ASC606 standards. Strong analytical and communication skills are essential for this position.

Qualifications

• 3 to 5 years of experience in Accounting, Financial Analysis, or Audit in IT Industry.
• Knowledge of Revenue Recognition standards such as IFRS15 and ASC606.
• Strong analytical and problem-solving skills.

Responsibilities

• Involve in Contract Negotiations with Sales Team and Clients.
• Create financial reports to track project financial progress.
• Analyze complex deal structures and revenue impacts.

Skills

Financial analysis skills

Project accounting knowledge

Communication skills in English

Education

Bachelor’s degree in Accounting or Finance

CPA or ACCA qualification

Job description

Financial Analyst on IT Project Accounting (based in Singapore)

Our client is one of the Top Global Software Vendors. They are seeking for a brilliant candidate with experience in Project Accounting in IT Industry based in Singapore, covering Asean regions.

Responsibilities

• Involve in Contract Negotiations with Sales Team and Clients and apply your revenue recognition knowledge to maximize the revenue and to avoid deferred revenue recognition
• Create financial reports specially designed to track the financial progress and revenue recognition of each phase of the projects used by project managers
• Track, report and analyze financial results and implications of the software projects
• Analyze complex deal structures and potential revenue impact on multiple deals scenarios
• Perform analysis on cost and savings on new business acquisitions, organizational changes, etc.
• Get familiar with the company’s financial policies in order to explain the policies to the new acquired companies

Requirements

• Bachelor’s degree in Accounting or Finance with solid accounting and financial analysis skills
• Around 3 to 5 years of Accounting, Financial Analysis, or Audit experience in IT Industry, preferably from AUDIT FIRM
• Strong Accounting background with CPA or ACCA qualification is required
• Knowledge with Project Accounting methods such as Percentage of Completion
• Knowledge on updated Revenue Recognition standard in Software Industry such as IFRS15 and ASC606
• Experience in Revenue Recognition (such as maximize the revenue recognition in a contract) is preferable
• Ability to face challenges from Sales Teams (on revenue recognition which affect their incentives) and Clients (on contract terms which affect revenue recognition)
• Positive attitude, independent, stable, with strong analytical skills are desired qualities
• Strong communication skills in both verbal and written English
• Willing to be trained and take new challenges