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Account Executive

Account Executive
Kong Hwee Iron Works & Construction Pte Ltd
Singapore
SGD 40,000 - 80,000
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Account Executive

Kong Hwee Iron Works & Construction Pte Ltd
Singapore
SGD 40,000 - 80,000
Job description

Career Highlight:

  • Remuneration commensurate with experience
  • Career Progression
  • Personal growth

Key Responsibilities:

  • Full-Set Accounting: Manage the full set of accounting activities, including general ledger, project-based accounting, month-end closing, and financial statement preparation.
  • Project Accounting: Monitor and manage financial aspects of construction projects, including job costing, budgeting, and forecasting. Track project expenses, revenue recognition, and work-in-progress (WIP) reporting.
  • Accounts Payable & Receivable: Oversee and process accounts payable and receivable, ensuring accurate and timely invoicing, payment collection, and vendor management specific to construction and structural steel projects.
  • Bank Reconciliation: Perform regular bank reconciliations and ensure accurate recording of all financial transactions related to project financing and construction payments.
  • Financial Reporting: Prepare and analyze monthly, quarterly, and annual financial statements, including profit and loss statements, balance sheets, and cash flow statements, with a focus on construction-specific metrics.
  • Payroll Processing: Handle payroll processing, including salary calculations, deductions, and statutory contributions, with specific attention to site-based staff and project-specific payroll requirements.
  • Cost Control & Budgeting: Assist in the preparation and monitoring of project budgets, cost control measures, and variance analysis to ensure projects remain on budget and within financial guidelines.
  • Tax Compliance: Ensure timely and accurate filing of statutory returns (e.g., GST) and manage construction-specific tax issues such as withholding tax and contract tax obligations.
  • Internal Controls: Implement and maintain internal control procedures to safeguard company assets and ensure financial accuracy, particularly in relation to large-scale construction projects and inventory management.
  • Audit Support: Coordinate and provide necessary documentation for internal and external audits, particularly those related to construction contracts and project financing.
  • Fixed Assets Management: Track and manage the company's fixed assets, including depreciation calculations, asset capitalization, and disposals, particularly within the context of construction equipment and steel inventories.
  • Vendor & Subcontractor Management: Maintain strong relationships with vendors and subcontractors, ensuring timely payments and accurate accounting of contract-related expenses.
  • Ad-Hoc Reporting & Analysis: Prepare ad-hoc financial reports and perform analyses as required by management, with a focus on project profitability and financial performance within the construction and structural steel sectors.

Qualifications:

  • Bachelor’s degree in Accounting, Finance, or a related field.
  • Professional accounting qualification (e.g., ACCA, CPA) is preferred.
  • Minimum 3 years of accounting experience in the construction and/or structural steel industry.
  • Strong knowledge of construction accounting principles, project cost management, and industry-specific financial reporting.
  • Experience with construction-specific accounting software (e.g., ERP Synergix)
  • In-depth understanding of tax regulations and compliance requirements specific to the construction industry.
  • Excellent analytical skills with strong attention to detail.
  • Strong organizational and time-management skills, with the ability to manage multiple projects and deadlines.
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments and with external partners.
  • High level of integrity and professionalism.
  • Ability to start immediately or short notice.
  • Only Singaporeans / Local
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* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.

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