Senior Accountant

property facility services pte. ltd.; Singapore; On-site; SGD 90,000 - 150,000; Full time

Job summary

property facility services pte. ltd. is seeking an experienced finance professional to lead MCST trust accounting and regulatory compliance. The role oversees trust accounts, fund segregation, monthly reconciliations, and reporting for audits, while liaising with auditors, tax agents, and operations for timely financial processing.

The ideal candidate has 5+ years in finance/accounting, with supervisory experience and strong knowledge of MCST governance and statutory requirements.

Qualifications

• LCCI, Diploma or Bachelor's in accounting/finance.
• Minimum 5 years finance/accounting experience.
• 2 years supervisory experience.
• Experience managing MCST trust accounts, fund segregation, reconciliations, and audit support.

Responsibilities

• Maintain and monitor MCST trust accounts per BMSMA and regulations.
• Ensure proper segregation of Management Fund and Sinking Fund monies.
• Perform monthly trust account reconciliations and investigate unreconciled items.
• Prepare trust account reports for council meetings, audits and regulatory reviews.
• Coordinate with on-site staff on invoices and supporting documentation.
• Provide ad-hoc financial analysis and reports to management.

Skills

Auditor liaison

Prioritization

Detail oriented

Analytical thinking

Pressure management

Education

LCCI/Diploma/Bachelor’s in Accountancy or Finance

Job description

Job Responsibilities

MCST Trust Account Management

• Maintain and monitor MCST trust accounts in accordance with the Building Maintenance and Strata Management Act (BMSMA) and relevant regulations.
• Ensure proper segregation and accounting of Management Fund and Sinking Fund monies.
• Perform monthly trust account reconciliations and investigate any unreconciled items promptly.
• Monitor fund balances and ensure all receipts and payments are authorised and supported by proper documentation.
• Prepare trust account reports, reconciliations, and supporting schedules for council meetings, audits, and regulatory reviews.

Statutory & Compliance

• Ensure all MCST funds are deposited into designated bank and trust accounts and utilised only for purposes permitted under the BMSMA.
• Review compliance with fund transfer restrictions, investment requirements, and financial governance provisions applicable to MCSTs.
• Support preparation of annual audited financial statements, including disclosures relating to Management Fund and Sinking Fund balances.

Stakeholder & External Liaison

• Strong understanding of MCST financial management and trust account requirements under the Building Maintenance and Strata Management Act (BMSMA).
• Familiarity with Management Fund and Sinking Fund accounting, trust account reconciliations, and MCST audit requirements.

Budgeting, Forecasting & Cash Flow

• Assist in budget preparation and monitoring for managed properties.
• Conduct financial forecasting and variance analysis.
• Monitor cash flow and manage payments, collections, and banking matters to ensure smooth day-to-day operations.

Operations & Coordination

• Monitor and coordinate with on-site administrative staff on invoice submissions and supporting documentation.
• Serve as the liaison between the finance department and operations managers to ensure timely and accurate financial processing.

Management Support

• Provide ad-hoc financial analysis and reports to support management decision-making
• Undertake other finance-related duties as assigned by management.

Job Requirements

Qualifications

• LCCI or Diploma or Bachelor’s Degree in Accountancy, Finance, or a related discipline.

Experience

• Minimum 5 years of relevant finance/accounting experience with 2 years of supervisory experience.
• Experience managing MCST trust accounts, including Management Fund and Sinking Fund accounting, bank reconciliations, cash flow monitoring, and audit support.

Technical Knowledge

• Strong knowledge of accounting principles and financial reporting.
• Good working knowledge of:
  • Building Maintenance and Strata Management Act (BMSMA)
  • GST and corporate taxation in Singapore

Skills & Competencies

• Proven experience liaising directly with auditors, tax agents, and external stakeholders.
• Ability to manage multiple priorities and meet tight deadlines in a fast-paced environment.
• Meticulous, responsible, and detail-oriented with strong problem-solving and analytical skills.
• Confident, independent, and able to work under pressure.