Assistant Accountant

Requirements

• Min. Diploma qualification preferable with 1-3 years of experience in project accounting
• Good command of MS Office applications
• Good analytical and problem-solving skills
• Ability to handle multiple projects and meet tight deadlines
• Good communication skills to liaise with project managers, quantity surveyors, subcontractors, bankers and auditors
• Strong organizational and documentation skills
• Responsible and able to work independently

Additional Information

Accounts Receivable (AR) Issue invoices for progress claims, variation orders (VO), and other billings Monitor collections and follow up on overdue project payments Prepare Statement of Accounts (SOA) for clients Accounts Payable (AP) Process subcontractor and supplier invoices Verify invoices against Purchase Orders (PO), Delivery Orders (DO), and contracts Prepare payment vouchers and schedule payments to subcontractors and suppliers Reconcile supplier statements Project Accounting Monitor and record project revenue and costs for each project Track project budgets vs actual costs and highlight variances Assist in Percentage of Completion (POC) calculations for revenue recognition Track project expenses such as materials, subcontractor costs, labour, and equipment Bank & General Ledger Perform bank reconciliations Post journal entries and accruals related to project costs and revenue Maintain accurate general ledger records Month-End / Year-End Closing Prepare project cost schedules and revenue recognition schedules Assist in preparing financial statements and management reports Liaise and provide audit schedules and supporting documents to auditors Financial Reporting Assist in preparing management reports Update financial data in accounting systems Tax & Compliance Assist with GST reporting and submission Ensure documentation complies with accounting standards and company policies Liaison & Coordination Work closely with project managers, quantity surveyors, and procurement team Liaise with auditors, banks, and external parties when required Subsidiary Accounts and Consolidation Prepare, review, and reconcile subsidiary ledger accounts, including accounts payable, accounts receivable, and inventory Manage all subsidiary accounts to ensure completeness, accuracy, and proper documentation of financial transactions Perform regular reconciliations between subsidiary accounts and the general ledger Investigate and resolve discrepancies in account balances promptly Support month-end and year-end closing activities, ensuring subsidiary accounts are properly reflected in financial statements Prepare and maintain group consolidated financial statements in accordance with applicable accounting standards. Perform monthly / quarterly / yearly consolidation of financial results from subsidiaries. Review subsidiary financial statements to ensure accuracy, completeness, and compliance with group accounting policies. Eliminate intercompany balances and transactions during the consolidation process. Prepare consolidation journals, including adjustments for intercompany eliminations and reclassifications. Reconcile intercompany balances among group entities and follow up on discrepancies. Assist in the preparation of group management reports and financial analysis. Support the year-end audit process by preparing consolidation schedules and responding to auditor queries. Bank Opening of bank accounts, project financing, annual review of trade facilities, etc Other duties Provide administrative support /other finance-related duties as assigned Maintain accounting files and records Assist with ad hoc finance tasks assigned by the Finance Manager or Accountant Opening of bank accounts, project financing, annual review of trade facilities, etc Assist in the implementation of the new accounting or ERP system.

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