Senior Accounts Executive

WILLOWMORE PTE. LTD.; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

A leading company in Singapore is seeking a Senior Accounting Executive to manage financial operations. Responsibilities encompass daily financial transactions, bank reconciliations, financial reporting, tax compliance, and cross-departmental collaboration. The ideal candidate will have a relevant degree and 1-3 years of experience in accounting, with strong attention to detail and proficiency in accounting software.

Qualifications

• 1–3 years of experience in accounting or a similar role.
• Proficiency in accounting software.
• Strong knowledge of MS Excel and financial reporting.

Responsibilities

• Oversee day-to-day accounting, reporting, compliance, and tax-related tasks.
• Prepare accurate and timely financial reports including profit and loss statements.
• Ensure submission of GST and corporate tax filings on time.

Skills

Attention to detail

Time Management

Communication

Problem-Solving

Adaptability

Education

Bachelor’s degree/ Diploma in Accounting, Finance, or related field

Tools

Accounting software

MS Excel

Job description

Job Description

As a Senior Accounting Executive, you will play a pivotal role in managing the company’s financial operations. Working in a lean organizational structure, you will oversee day-to-day accounting, reporting, compliance, and tax-related tasks while ensuring process accuracy and operational efficiency. This role requires a hands-on approach, attention to detail, and the ability to collaborate across departments to meet the company’s financial objectives.

Key Responsibilities

1. Daily Financial Transactions

· Record daily financial transactions accurately and in a timely manner.

· Ensure transactions are posted to the correct accounts and categories.

· Process accounts payable (AP) by verifying invoices, preparing payment batches, and resolving vendor discrepancies.

· Process accounts receivable (AR), ensuring proper recording and timely acknowledgment of incoming payments.

2. Bank Reconciliations

· Perform monthly bank reconciliations for all company accounts.

· Investigate and resolve discrepancies promptly to maintain accurate financial records.

· Maintain a clear record of cash inflows and outflows to support cash flow planning.

3. Financial Reporting

· Prepare accurate and timely financial reports, including profit and loss statements, balance sheets, and cash flow statements.

· Support the preparation of year-end financial statements in compliance with statutory requirements.

· Assist auditors by providing necessary documentation and responding to queries during external audits.

4. Tax Compliance

· Prepare and file statutory tax returns such as GST and corporate income tax, ensuring timely submission.

· Stay updated on changes in tax laws and provide advice on compliance and tax-saving opportunities.

· Reconcile tax accounts and address discrepancies to avoid penalties.

5. Invoicing and Collections

· Generate and send accurate invoices to clients, ensuring adherence to payment terms.

· Proactively follow up on outstanding payments and maintain an AR aging report to ensure timely collections.

· Resolve payment disputes and coordinate with clients to avoid overdue accounts.

6. Expense Tracking and Cost Management

· Track, verify, and record company expenses, ensuring they align with budgets.

· Review expense claims and reimbursement requests to ensure they meet company policies.

· Recommend cost-saving opportunities in daily financial operations.

7. Documentation and Filing

· Maintain a well-organized and up-to-date filing system for all financial records.

· Ensure proper documentation of invoices, receipts, and transaction reports for compliance purposes.

· Develop and maintain checklists for key accounting processes to streamline workflows.

8. Process Improvement and Internal Controls

· Identify inefficiencies in financial workflows and suggest process improvements.

· Implement and maintain internal controls to prevent fraud, errors, and misstatements.

· Assist in financial system updates or migrations to enhance operational efficiency.

9. Cross-Functional Collaboration

· Collaborate with other departments to ensure proper financial support for operational activities.

· Provide financial insights and data to support decision-making by management.

· Support the HR and Admin team with financial matters such as payroll entries or budgeting.

Soft Skills Requirements

· Attention to Detail: Spot discrepancies and ensure accuracy in financial reports and transactions.

· Time Management: Handle multiple tasks efficiently and meet deadlines consistently.

· Communication: Effectively convey financial information to stakeholders in a clear, concise manner.

· Problem-Solving: Resolve discrepancies and streamline processes proactively.

· Confidentiality: Maintain the privacy of sensitive financial data.

· Adaptability: Quickly adjust to new tools, processes, or regulatory changes in a dynamic environment.

Key Performance Indicators (KPIs)

1. Financial Accuracy:

o Achieve 100% accuracy in financial records and reporting, with zero material discrepancies.

o Complete bank reconciliations with no unresolved items beyond 5 business days.

2. Timely Reporting and Compliance:

o Submit monthly financial reports by the 5th working day of the following month.

o Ensure 100% on-time submission of GST and corporate tax filings with no penalties.

3. Collections Efficiency:

o Maintain AR aging with 90% of invoices collected within agreed payment terms.

o Reduce overdue accounts to less than 10% of total receivables.

4. Cost Management:

o Identify and implement at least two cost-saving initiatives annually, resulting in measurable reductions in operating expenses.

o Ensure operating expenses remain within 5% of budgeted targets.

5. Process Improvements:

o Reduce the time required for month-end closings by 10% year-on-year through process automation or optimization.

o Achieve 100% adherence

Requirements:

· Bachelor’s degree/ Diploma in Accounting, Finance, or related field.

· 1–3 years of experience in accounting or a similar role.

· Proficiency in accounting software

· Strong knowledge of MS Excel and financial reporting.

· Attention to detail and excellent organizational skills.

· Good communication and interpersonal skills.