Senior Accountant (AR/ GL/ Audit Experience) - JL18

TRUST RECRUIT PTE. LTD.; Singapore; On-site; SGD 55,000 - 75,000; Full time

Job summary

A dynamic recruiting firm in Singapore is seeking an experienced finance professional to manage financial reporting, comply with statutory requirements, and assist in audit processes. The ideal candidate has a Bachelor's degree in Accounting with at least 5 years of relevant experience and a thorough understanding of SFRS. Proficiency in data analytics and Microsoft Office is essential for success in this role.

Qualifications

• At least 5 years of accounting experience in relevant functions.
• Solid accounting knowledge in SFRS and Charity Accounting Standards.
• Relevant experience in audit, financial reporting, and management analysis.

Responsibilities

• Produce timely and accurate financial statements to comply with statutory requirements.
• Prepare monthly management reports and support decision making.
• Conduct reconciliations of accounts and manage external audit processes.

Skills

Detail oriented

Data Analytics

Statistical Analysis

Customer service experience

Education

Bachelor’s Degree in Accounting Studies or equivalent

Professional certification (e.g. ACCA)

Tools

Microsoft Office

Accounting software

Job description

• Produces timely and accurate financial statements, schedules, and reports, thus achieving compliance with statutory requirements within the required time frame.

• Consolidates data and prepare monthly management reports/schedules to meet external and internal reporting requirements and assist decision makings by school senior management.

• Works closely with the Assistant Finance Manager / Director of Finance to complete month end / year end closing, bank reconciliation and other GL and FA functions within timelines.

• Works closely with all team members, stake holders as well as internal and external auditors, bankers, and regulators, to facilitate timely closure for both internal and external audit matters.

• Keep updated with changing statutory requirements, accounting standards, tax laws and charity regulations to determine the implications of such changes to financial and management reporting.

• Be a main partner with Senior Accountant (AR) to prepare and send out invoices, track and record payments made by parents, upload GIRO collections, prepare debit notes, credit notes& refunds, and communication with parents when required.

• Be a main contributor of AR/GL /FA pipeline projects by assisting to draft new policies /procedures, using digitization tools to automate /streamline internal process, and system migrations.

General Ledger

• Monitor month end and year end closing timelines and send instructions to team members

• Prepare monthly closing journals

• Prepare and update monthly Balance sheet and Profit & Loss schedules

• Prepare monthly bank reconciliation for all the banks for review and approval

• Conduct reconciliation of school shop collections between actual bank receipts and sales report on weekly basis, and post the GL entries for School Shop sales

• Prepare reports for external surveys and all government related filings

• Prepare internal reports / analysis for school committees, parents’ committee and student committee.

• Conduct GL reconciliation with all sub-ledgers ensuring no discrepancies

• Conduct analysis and prepare reports for school trips, events, programs, projects and other activities.

• Work closely with all team members and external parties to clear recon discrepancies, legacy balances and items in doubts

• Carry out mapping of two accounting systems and prepare necessary journals during system migration / parallel runs.

• All other GL related tasks

Accounts Receivable

• Prepare, generate and deliver invoices for school fees and other miscellaneous charges

• Track and record receipts in accounting system from parents and other debtors via various payment modes (i.e. bank transfer, cash, cheque, credit cards, all payment gateways, GIRO, etc.)

• Conduct peer review of semesterly billing of School fees before invoices are generated

• Generate, maintain and upload GIRO collections regularly according to school policy

• Prepare Debit Note, Credit Note and Refund Vouchers for Management approval

• Track and record receipts from all payment gateways (e.g. Stripe, Paypal, Braintree, etc.)

• Perform weekly reconciliation of the reports among payment gateway, 3rd party platforms (e.g. School Buddy, MyCampus Card, etc), identify discrepancies and follow up issues with solutions

• Assist debt collection process for open invoices

• Assist parents’ communications via emails, phone calls or face to face discussions

• Reconcile AR ledger vs GL to identify and resolve discrepancies

• Prepare AR related journals for posting to GL on monthly basis

• Carry out mapping of two accounting systems and prepare necessary AR related journals during system parallel run

• Back up AR team members for daily duties when colleagues are on leave

Fixed Assets

Carry out the following FA tasks:

• Track all transactions of FA and record into the accounting system

• Reconcile the GL ledger and FA ledger on monthly basis

• Track FA additions and keep proper record for the actual utilization of FA budget

• Calculate monthly depreciation and check reasonableness before posting into GL

• Monitor FA tagging with other stake holders across the School

• Monitor FA obsolescence and disposals, and propose FA written off / impairment information for management’s approval

• Facilitate the FA sighting exercise

• Prepare FA schedules on monthly basis and keep proper records of all FA transactions

Inventory

• Assess reasonableness of inventory balances by tracking inventory movements recorded in the system

• Calculate costs of goods sold for school sales for month end closing and year end closing purposes.

• Work closely with the school shop team to identify and verify slow moving and obsolete stocks for writing off approval

• Involve / lead annual stock take process

• Review school shop inventory account and carry out proper accounting for inventory costing

• Reconcile inventory ledger vs GL balance on monthly basis

• Prepare inventory reports for internal analysis when required

GST/ Other taxes

• Verify GST output tax against all AR related transactions to identify and reconcile discrepancies

• Verify GST Input tax against all AP related transactions to identify and reconcile discrepancies

• Identify and calculate GST impacts for related GL entries

• Prepare overall GST tax calculations for quarterly filing

• Coordinate with IRAS for any tax issues

Internal & External Audit Support

• Main partner in annual internal/external audit by preparing relevant audit schedules and supporting documents

• Answer queries from internal/external auditors on audit data, variances and audit findings

• Coordinate with both internal and external parties to address audit issues, complete audit confirmations and prepare highlights to inform/ discuss with school management

• Prepare draft Financial Statement and review the Financial Statement for changes made by auditors

• Thorough understanding of SFRS and ensure compliance with SFRS in the audited financial statements

• Provide data, information and reports required by AC Subcommittee from time to time

• Other ad-hoc projects/ tasks to be assigned

System Related Projects, Streamline Business Processes and Ad-hoc Assignments

• Involve in creating and implementing Polices and SOPs

• Involve in system migrations or any other IT related projects

• Use digitization tools to automate internal workflow and processes

• Involve / in charge of changes / improvement in process, and other tasks, duties or projects as assigned from time to time

Petty Cash / Other Administrative tasks

• Conduct petty cash counts on a monthly basis within internal deadlines

• Check and reply emails sent to generic email address

• Coordinate with internal and external parties to dispatch finance documents/cheques & cash in/withdrawal of cash

• Open letters when on duty

Knowledge and Experience

• Bachelor’s Degree in Accounting Studies or equivalent or professional certification (eg. ACCA)

• Proper background in Operational Finance in Account Receivable function with customer services experience

• Solid accounting knowledge in Singapore Financial Reporting Standard, Charity Accounting Standard, government regulations of Charities and Singapore taxations

• At least 5 years of accounting experience in the relevant function

• Relevant experience in audit, management and financial reporting, month end closing and preparing management reports and analysis

• Comprehensive understanding and relevant experience in improving internal process and controls

Technical and Soft Skills

• Detail oriented with Statistical Analysis, Data Analytics and Reporting Skills

• Proficient in Microsoft Office (especially Excel, Word and PowerPoint)

• Thorough understanding of SFRS, Charity Acts and other related regulations

HOW TO APPLY:

Interested applicants, please click on “Apply Now” or email [e-mail]

We regret only shortlisted candidates will be notified.

Important Note: Trust Recruit Pte Ltd is committed to safeguarding your personal data in accordance with the Personal Data Protection Act (PDPA).

Please read our privacy statement on our corporate website www.trustrecruit.com.sg.

Trust Recruit Pte Ltd

EA License No: 19C9950

EA Personnel: Lim Wei Jye (Jaylyn)

EA Personnel Reg No: R24121213