Oakwood is a compliance, corporate finance and valuation expert with recognised presence across key markets in SEA and the Middle East. We cover a diverse range of services in various locations through our collective knowledge and experience in corporate restructuring, accounting, mergers and acquisition and intangible asset valuation.
Primary Responsibilities: -
ﾷ Manage the controlling and financial reporting of projects in accordance with Singapore Financial Reporting Standard
ﾷ Ensure project accounting is in accordance with Company guidelines; Actual Cost, Commitments, Cost-to-Come, Cost-at-Completion, and revenue recognition per FRS/IFRS
ﾷ Provide timely support in Budget and Forecast.
ﾷ Provide timely Project and Financial analysis support.
ﾷ Organise the project reviews from start to the end of each contract
ﾷ Analyse the execution performance and propose action plans to improve contract margin and cash profile as well as corrective action plans to mitigate identified risks
ﾷ Participate in value-add projects to identify and drive continuous improvements in process efficiencies.
ﾷ Participate in yearly budget and monthly/quarterly/yearly forecast process in relation to project costing.
ﾷ In charge of project billing process, including responding to client inquiries ensuring that project billings are up to date and submitted and that project AR is monitored and controlled
ﾷ Work on POC schedule and accruals with project controls and provide monthly accruals to finance.
ﾷ Month end project closing and close out project accounts upon project completion
ﾷ Support the Project Manager and other project functions as a finance partner (prepare in conjunction with the project team, the project review content)
ﾷ Have a clear understanding of the project documents and systems and actively manage any financial implications arising from them
ﾷ Coordinate with the project team to ensure consistent accounting (margin and revenue recognition) and reporting across the project.
ﾷ Ensure that all financial processes and internal controls, including Purchase-to-Pay cycle, are implemented, robust and compliant
ﾷ Take overall responsibility of all financial issues on the project, from pre-contract award, to contract close
ﾷ Have at all times knowledge of financial movements and ensure that such information is consistent and reconciled on a regular basis in the ERP systems
ﾷ Manage the interfaces with other expert functions: Including tax, treasury, insurance, contract management
ﾷ Provide support for accurate claim compilation and ensuring total consistency of all internal and external claims in the project financials
ﾷ Provide support for correct risk and opportunity recognition, valuation, sharing and associated reporting
ﾷ Provide necessary support to Project Manager on financial and commercial issues
Secondary Responsibilities: -
ﾷ Download ERP reports related to project PL / Project Costs into excel after month end, reconciliation of excel financials with ERP to ensure accuracy.
ﾷ Update project profitability reports by entity on a month-to-month basis.
ﾷ Ad hoc reconciliations on project costs and revenue as required.
ﾷ Review of billings prepared by employees.
ﾷ Handle quarterly GST submission
ﾷ Tax compliance - Liaise with external auditors and tax agent
ﾷ Provide support to auditor requirements.
Requirement:
ﾷ Minimum Recognized Degree and above or equivalent in Finance / Accountancy
ﾷ Specializing in Finance - General / Cost Accounting or equivalent
ﾷ Self-starter with strong organizational skills and deep knowledge of finance best practice minimum 2-3 years in accounting fields or in audit firm
ﾷ Independence, strong analytical skills and attention to details
ﾷ Good business acumen, strong problem-solving skills
ﾷ Excellent time management skills and ability to prioritize a demanding workload
ﾷ Can start work immediately
Related Job Searches:
- Company:
Oakwood Corporate Services - Designation:
Accountant - Profession:
Accounting / Auditing / Taxation - Industry:
Consultancy