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.