ACCOUNTING MANAGER

1.Financial & Accounting Management

Oversee the company’s day-to-day accounting and financial operations.

Maintain accurate and complete accounting records in accordance with Singapore accounting requirements.

Supervise accounts payable, accounts receivable, general ledger, cash flow and bank reconciliation functions.

Ensure all financial transactions are properly recorded, supported and authorised.

2.Project Accounting & Cost Control

Monitor and manage accounting activities for construction projects.

Track project costs including materials, manpower, subcontractors, equipment and other project-related expenses.

Prepare project cost reports and analyse actual costs against budgets.

Identify cost overruns, variances and potential financial risks and recommend corrective measures.

Assist management in establishing project budgets and financial controls.

3.Budgeting & Financial Planning

Prepare annual budgets, project budgets and cash-flow forecasts.

Monitor the company’s financial performance against approved budgets.

Provide management with financial analysis and recommendations to improve profitability and operational efficiency.

Assist in financial planning for new and upcoming construction projects.

4.Accounts Receivable & Payable

Manage customer invoicing, progress claims, payment collections and accounts receivable.

Monitor outstanding balances and follow up on overdue payments.

Review and process supplier, subcontractor and service-provider invoices.

Ensure payments are made accurately and on time in accordance with approved terms and company procedures.

5.Construction Progress Claims & Payments

Coordinate with project managers, quantity surveyors and site personnel on project progress claims.

Review supporting documents for progress billing, variation orders, retention sums and subcontractor payments.

Monitor project receivables and retention amounts.

Ensure timely submission and recording of construction-related claims and payments.

6.Payroll & Statutory Contributions

Oversee payroll processing for local and foreign employees.

Ensure accurate calculation of salaries, allowances, deductions and other employee payments.

Coordinate timely CPF contributions for eligible local employees and other applicable statutory payments.

Maintain proper payroll records and supporting documentation.

7.Tax & Regulatory Compliance

Coordinate the preparation and submission of applicable corporate tax, GST and other statutory requirements.

Liaise with external accountants, auditors, tax agents and relevant authorities when required.

Ensure accounting practices and financial records comply with applicable Singapore laws, regulations and accounting standards.

Maintain proper documentation for tax and regulatory audits.

8.Cash Flow & Banking

Monitor daily and monthly cash-flow requirements.

Prepare cash-flow forecasts based on project receipts, supplier payments, payroll and operational expenses.

Liaise with banks regarding company banking matters and financial facilities.

Monitor bank balances and ensure sufficient funds are available for business operations.

9.Financial Reporting

Prepare monthly management accounts, profit and loss statements, balance sheets and cash-flow reports.

Provide management with financial information and analysis for decision-making.

Prepare project profitability and performance reports.

Investigate significant financial variances and recommend appropriate action.

10.Audit & Internal Controls

Coordinate annual audits and provide required accounting records and supporting documents.

Establish and maintain appropriate internal financial controls.

Review accounting procedures to minimise errors, financial losses and unauthorised transactions.

Ensure proper segregation of duties and approval procedures within the finance function.

11.Subcontractor & Supplier Financial Management

Review subcontractor accounts, payment claims and outstanding balances.

Monitor subcontractor retention sums, deposits and payment schedules.

Coordinate with procurement and project teams regarding supplier and subcontractor financial matters.

Assist management in evaluating the financial impact of subcontractor and supplier arrangements.

12.Accounting Team Management

Supervise and guide accounting staff and finance personnel.

Allocate accounting responsibilities and monitor work performance.

Train staff on accounting procedures, internal controls and company financial policies.

Ensure accounting records and reports are completed accurately and within required deadlines.

13.Management Support & Business Advisory

Provide senior management with financial advice relating to construction projects and business operations.

Analyse project profitability, operating expenses and financial risks.

Support management in evaluating new projects, contracts and business opportunities.

Recommend measures to improve cash flow, cost efficiency and overall financial performance.

14.Documentation & Record Management

Maintain organised financial records, invoices, receipts, contracts, payment documents and project accounting records.

Ensure financial documents are properly filed and readily available for audit, management review and regulatory requirements.

Maintain confidentiality and security of company financial information.