Project Accountant

IAQ UTILITY SOLUTIONS (SG) PTE. LTD.; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

IAQ UTILITY SOLUTIONS (SG) PTE. LTD. is seeking an experienced Project Finance Specialist to manage the financial governance of EPC/EPCM projects in Singapore and beyond.

You will partner with Project Managers, Commercial, Procurement and Finance to track costs, revenue, billing, forecasts, cash flow and margins, ensuring compliance with DOA and reporting requirements. This role supports project performance and financial integrity across complex engineering initiatives.

Qualifications

• Mandatory: minimum 5 years of relevant finance or project accounting experience in EPC/EPCM/engineering/construction.
• Experience with project costing, budgeting, forecasting, financial controls and reporting.
• Experience in semiconductor/high-tech facilities or similar engineering projects advantageous.
• Experience across countries and currencies advantageous.

Responsibilities

• Establish and maintain project financial baselines and cost codes.
• Monitor costs, POs, commitments and forecast expenditure.
• Prepare ETC and EAC forecasts and variance analysis.
• Review revenue recognition, billing, WIP and cash flow.
• Support project close-out, audits and DOA compliance.

Skills

Project accounting

Budgeting

Forecasting

Financial controls

ERP systems

Education

Degree in Accountancy/Finance

ACCA/CIMA/CA (preferred)

Tools

IFS

SAP

MS Excel

Job description

JOB PURPOSE

Support the financial management of EPC/EPCM projects across Singapore and other countries, including total tool installation, base build and engineering/construction services. Partner with Project Managers, Commercial, Procurement and Finance to monitor project costs, revenue, billing, forecasts, profitability and cash flow.

DUTIES & RESPONSIBILITIES

Project Setup & Financial Control Structure

• Establish and maintain project financial baselines, including contract value, approved budget, WBS, work packages and cost codes.
• Ensure accurate recording of project costs and maintain reliable project financial data in the ERP/project costing system.
• Confirm project billing structure, applicable currencies, tax assumptions and reporting requirements at mobilisation.

Commitments & Forecasting

• Monitor actual costs, purchase orders, subcontract commitments and other committed or forecast expenditure.
• Work with Project Managers to prepare and challenge monthly ETC and EAC forecasts, reflecting accruals, variations, project risks and remaining work.
• Track contingency utilisation and flag forecast overruns or potential margin deterioration promptly.

Project Revenue, Billing & WIP

• Review contract billing terms, milestones and supporting progress certifications with Project Managers and Commercial.
• Coordinate accurate, timely billing and monitor WIP, unbilled revenue, accrued income and outstanding invoices.
• Support project revenue recognition in accordance with applicable accounting policies.

Variation Orders & Change Control

• Track submitted, pending and approved variation/change orders, claims and extensions of time (EOT).
• Assess related costs, revenue, margin exposure and unrecovered work; elevate material unapproved changes.
• Ensure approved variations are reflected in project budgets, billing and forecasts.

Project P&L & Margin Reporting

• Prepare monthly project P&L, budget-versus-actual and forecast-versus-budget analysis.
• Maintain a concise project dashboard showing contract value, variations, actual and committed costs, ETC/EAC, revenue, margin, WIP, receivables and cash flow.
• Highlight significant variances, margin erosion, cost overruns and other financial risks, with recommended actions.

Project Cash Flow & Working Capital

• Prepare project cash flow forecasts and monitor expected customer receipts and major supplier/subcontractor payments.
• Track overdue receivables, retentions and outstanding certifications; coordinate collection follow-up with relevant teams.
• Identify working-capital or funding risks and, where applicable, support multi-currency and intercompany project transactions.

Month-End & Project Review

• Prepare project accruals and closing entries, ensuring costs and revenue are recognised in the correct reporting period.
• Reconcile project progress, commitments, cost forecasts and billing with Project Managers, Commercial and Procurement.
• Participate in monthly project reviews and provide clear financial findings and practical recommendations.

Controls, Audit & Project Close-Out

• Ensure project transactions comply with Group policies, delegation of authority (DOA), internal controls and documentation requirements.
• Support internal and external audits by maintaining complete supporting records and audit trails.
• Complete project financial close-out, including reconciliation of open purchase orders, subcontract final accounts, retention, variations, final billing, receivables, costs and final margin.

Minimum Qualification

• Degree in Accountancy, Finance or equivalent qualification.
• Professional qualifications such as ACCA, CIMA or Chartered Accountant (CA) are preferred but not mandatory.

Relevant Experience

• Minimum 5 years of relevant finance or project accounting experience, including hands-on experience in an EPC, EPCM, engineering or construction project environment (mandatory).
• Proven experience in project costing, budgeting, forecasting, financial controls and project reporting.
• Experience in semiconductor, high-tech facilities, tool installation, base build, cleanroom, pharmaceutical, life sciences or similar engineering projects will be an advantage.
• Experience supporting projects across different countries and currencies will be an advantage.

Technical Skills & Systems

• Project accounting and cost control, including project budgets, WBS and cost coding.
• Budget-versus-actual analysis, commitments, subcontractor costs and project accruals.
• Project revenue recognition, billing, WIP, unbilled revenue and variation orders.
• ETC/EAC forecasts, project margin analysis, cash flow and working capital.
• Strong Excel and financial reporting skills; experience with IFS, SAP or equivalent project-based ERP systems is preferred.