The Construction Accountant will oversee financial operations, ensure accurate project costing, and maintain compliance with accounting standards in the construction industry. This role requires expertise in job costing, progress billing, and financial reporting for construction projects.
Roles and Responsibilites:
- Responsible for full set of accounts.
- Ensure financial accounting standards comply with accounting, tax and legislative requirement.
- Daily cashflow monitoring & projection, maintain and update cashflow report weekly.
- Preparation of management reports with journal, fixed assets and balance sheet schedules.
- Prepare and submit GST to IRAS quarterly.
- Assist for monthly bank reconciliation and SOA preparation.
- Assist to ensure payment & cheque are processed in a timely manner.
- Follow-up on customer's billings and payment status.
- Reconcile with suppliers statement of accounts.
- Answer incoming phone calls from creditors on payment status
- Liaise with auditors and tax consultant for year end report and attend to the enquiry.
- Prepare interim payment certificate and backcharge.
- Prepare invoices and debit/credit note.
- Other ad-hoc duties as and when required.
. Project Costing & Billing
- Track job costs (labour, materials, subcontractors, equipment) and allocate expenses to correct projects.
- Prepare progress billing/claims and ensure timely client invoicing.
- Review subcontractor invoices and verify compliance with contract terms.
