Accountant - Construction & Engineering - #1173463

Company Overview

Our client is an established construction and engineering company in Singapore, specializing in construction, infrastructure, and related engineering activities with diversified business interests.

Job Summary

Join a dynamic finance team as an Accountant, managing daily accounting operations, financial reporting, and project accounting to ensure accurate and timely financial records for construction projects.

Responsibilities

• Manage daily accounting operations including accounts payable, accounts receivable, and general ledger entries to maintain accurate financial records.
• Prepare monthly management accounts and financial reports to support business decision-making.
• Perform monthly bank reconciliations and prepare balance sheet schedules to ensure financial accuracy.
• Assist with month-end and year-end closing activities to meet reporting deadlines.
• Monitor project-related accounting tasks such as project costing, work-in-progress (WIP) tracking, and recording project revenue and expenses.
• Track project expenses, subcontractor costs, progress claims, and retention sums to maintain budget control.
• Analyze project budgets against actual expenditures and report significant variances to stakeholders.
• Review project profitability and cost movements to support financial performance assessments.
• Process supplier invoices, payment vouchers, and customer invoices to ensure timely payments and collections.
• Monitor and reconcile outstanding receivables and payables to maintain accurate accounts.
• Follow up on payment collections and supplier account settlements to optimize cash flow.
• Assist in preparing audit schedules and supporting documents for external audits to ensure compliance.
• Support GST reporting and corporate tax compliance in accordance with Singapore regulations.
• Ensure adherence to Singapore Financial Reporting Standards (SFRS) and maintain internal controls.
• Assist with cash flow monitoring, budgeting, and forecasting exercises to support financial planning.
• Liaise effectively with project teams, suppliers, customers, and auditors on accounting matters.
• Undertake additional finance and accounting duties as assigned to support team objectives.

Preferred competencies and qualifications

• Diploma or Degree in Accountancy, Finance, or an equivalent professional qualification.
• Minimum 3 years of relevant accounting experience.
• Experience in construction, engineering, or infrastructure industries is advantageous.
• Familiarity with construction project accounting, including WIP, project costing, and progress claims.
• Proficient in Microsoft Excel and accounting software or ERP systems.
• Strong organizational skills with the ability to work independently.
• Effective communication and interpersonal skills.

Disclaimer: This position is advertised by Summit Talent (EA License No. 23C1875) on behalf of our client. By applying, candidates consent to being contacted about this and other suitable job opportunities aligned with their skills and experience.