Senior Executive, Accounts

Rainbow Centre; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A community service organization based in Singapore is seeking a qualified finance professional to manage financial accounting and reporting functions. Key responsibilities include preparing monthly financial statements, assisting in budget preparation and compliance monitoring. The ideal candidate holds a diploma or degree in Accountancy/Finance and has at least 2 years of relevant experience, preferably in the social services sector.

Qualifications

• Minimum 2 years of relevant working experience.
• Experience in budgeting, forecasting, and variance analysis is advantageous.
• Prior experience in Social Services or Special Education sector is a plus.

Responsibilities

• Perform General Ledger functions for assigned programmes.
• Prepare accurate financial closing and reports.
• Reconcile subledger transactions and resolve discrepancies.
• Assist in budget preparation and financial forecasting.
• Monitor compliance with tax and legal requirements.

Skills

Accounting operations

Financial reporting

Budgeting and forecasting

Variance analysis

Regulatory compliance

Education

Diploma or Degree in Accountancy / Finance

Professional accounting certification (ACCA)

Job description

Categories : Corporate Services

Key Tasks and Responsibilities

Financial Accounting & Reporting

Accounting Operations : Perform General Ledger function for assigned programmes and units, along with supporting tasks which may include

• Accounts Payable and Accounts Receivable;
• Cash and Fixed Asset Management; and
• Ad-hoc tasks as and when required

Financial Reporting & Month-End Closing : Prepare accurate and timely monthly financial closing, monthly balance sheet schedules and reconciliations, monthly cash flow forecasts and annual statutory financial statements

Subledger Reconciliation & Resolution : Reconcile subledger transactions with the Financial Accounting System, perform investigation on discrepancies (if any), and resolve discrepancies to ensure accurate and reliable reporting

Banking Transactions Management : Record all banking transactions timely and accurately

Management Reporting Support : Support Lead Manager, Finance Operations to prepare monthly management reports

Budgeting, Financial Planning & Analysis

Budget Preparation & Financial Forecasting : Assist in the preparation and consolidation of the annual budget and regular financial forecasts for assigned units

Variance Analysis & Financial Planning Support : Support Lead Manager, Finance Operations in conducting monthly budget and forecast variance analysis to provide insights for financial planning and decision-making

Cost Analysis & Strategic Insights : Generate cost analysis reports to support management in strategic financial decision-making

Compliance & Internal Controls

Regulatory & Compliance Monitoring : Stay updated with the financial aspect of funding requirements and ensure compliance with tax, legal and regulatory requirements

Petty Cash Administration : Administer petty cash, including claim verification, processing, and reconciliation

Documentation & Approvals : Review RC’s monthly financial transactions for proper documentation, accurate account assignment, and timely approvals

Internal Controls Monitoring : Monitor the effectiveness of internal controls, promptly escalating risks or irregularities to Lead Manager, Financial Operationsp>

Audit Follow-Up & Implementation : Take follow-up actions on audit findings and recommendations, and ensure timely implementation of recommendations

Asset Reconciliation : Safeguard RC’s assets (cash, inventory and equipment) through appropriate internal control procedures and periodic reconciliations

Collaboration & Process Improvement

Process Improvement & Efficiency : Work with other Finance Operations team members to streamline processes and improve efficiency

Financial Systems & Controls Enhancement : Participate in financial system or workflow improvements, including documentation of procedures and sharing of best practices

Job Holder Requirements

Diploma or Degree in Accountancy / Finance with relevant professional accounting certification (ACCA)

Minimum 2 years of relevant working experience

Experience in budgeting, forecasting, and variance analysis, will be an advantage

Prior working experience in Social Services or Special Education sector will be an advantage.