Fixed Asset Accounting Executive

BUSINESS EDGE PERSONNEL SERVICES PTE LTD; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading personnel services provider in Singapore seeks a professional to lead the asset decommissioning process. The role involves ensuring compliance with financial regulations, coordinating with various government departments, and developing disposal plans. Candidates should have a degree in relevant fields and at least 5 years of experience in public sector procurement and asset management. This is an 11-month contract position based in Maxwell.

Qualifications

• Strong understanding of public sector financial governance and compliance.
• At least 5 years of relevant experience in public sector asset management.
• Ability to coordinate with various stakeholders effectively.

Responsibilities

• Lead the asset decommissioning process including verification and tagging.
• Ensure compliance with financial regulations and reporting standards.
• Develop disposal plans and secure necessary approvals.

Skills

Public sector procurement

Contract management

Fixed asset accounting

Project management

Education

Degree/diploma in Accountancy, Finance, Business Administration, Building/Construction Management, Public Administration

Job description

Overview

Job Scope:

• Lead the end-to-end process for asset decommissioning, including asset identification, tagging, condition assessment, and physical verification.
• Ensure full compliance with the Government Instruction Manual on Finance (IM on Finance), including accurate and timely accounting of fixed asset disposals.
• Coordinate with relevant ministries/departments to apply appropriate depreciation, valuation, and derecognition in accordance with Singapore Financial Reporting Standards (SFRS) for Statutory Boards or Ministries.
• Develop and implement disposal plans that follow prescribed procedures (e.g. transfer, sale, auction, write-off), and secure all necessary approvals prior to asset disposal.
• Maintain robust audit trails for every disposal transaction, ensuring traceability, proper documentation, and alignment with public sector audit requirements.
• Respond promptly and effectively to audit observations or queries from internal and external auditors.

Requirements

• A recognised degree/diploma in Accountancy, Finance, Business Administration, Building / Construction Management Public Administration, or related disciplines.
• Strong understanding of public sector procurement and financial governance, with proven ability to ensure strict compliance with regulatory frameworks.
• At least 5 years of relevant experience in public sector procurement, contract management and fixed asset accounting is preferred.
• Familiarity with Government Instruction Manuals (Procurement and Finance), Government IM circulars, and internal audit processes.
• Effective project management skills, meticulous, organised, and detail-oriented, with a strong sense of accountability and integrity.
• Ability to engage and coordinate with diverse stakeholders, including technical teams, finance officers, auditors, contractors, and regulatory agencies.
• Proactive, independent, adaptable, and able to manage concurrent workstreams under tight timelines.

Working Hours

Monday – Thursday, 9am to 6pm, Friday – 9am to 5.30pm

(Hours may vary depending on the task requirements)

Contract Period

11 months

Location

Maxwell

EA License No: 96C4864

Reg. No.: R24121728 EUNICE WOO JING QI