Senior Accountant / Accountant (MCST)

Job Responsibilities

MCST Trust Account Management

. Maintain and monitor MCST trust accounts in accordance with the Building Maintenance and Strata Management Act (BMSMA) and relevant regulations.

. Ensure proper segregation and accounting of Management Fund and Sinking Fund monies.

. Perform monthly trust account reconciliations and investigate any unreconciled items promptly.

. Monitor fund balances and ensure all receipts and payments are authorised and supported by proper documentation.

. Prepare trust account reports, reconciliations, and supporting schedules for council meetings, audits, and regulatory reviews.

Statutory & Compliance

. Ensure all MCST funds are deposited into designated bank and trust accounts and utilised only for purposes permitted under the BMSMA.

. Review compliance with fund transfer restrictions, investment requirements, and financial governance provisions applicable to MCSTs.

. Support preparation of annual audited financial statements, including disclosures relating to Management Fund and Sinking Fund balances.

Stakeholder & External Liaison

. Strong understanding of MCST financial management and trust account requirements under the Building Maintenance and Strata Management Act (BMSMA).

. Familiarity with Management Fund and Sinking Fund accounting, trust account reconciliations, and MCST audit requirements.

Budgeting, Forecasting & Cash Flow

. Assist in budget preparation and monitoring for managed properties.

. Conduct financial forecasting and variance analysis.

. Monitor cash flow and manage payments, collections, and banking matters to ensure smooth day-to-day operations.

Operations & Coordination

. Monitor and coordinate with on-site administrative staff on invoice submissions and supporting documentation.

. Serve as the liaison between the finance department and operations managers to ensure timely and accurate financial processing.

Management Support

. Provide ad-hoc financial analysis and reports to support management decision-making.

. Undertake other finance-related duties as assigned by management.

Job Requirements

Qualifications

. LCCI or Diploma or Bachelor's Degree in Accountancy, Finance, or a related discipline.

Experience

. Minimum 5 years of relevant finance/accounting experience with 2 years of supervisory experience.

. Experience managing MCST trust accounts, including Management Fund and Sinking Fund accounting, bank reconciliations, cash flow monitoring, and audit support.

Technical Knowledge

. Strong knowledge of accounting principles and financial reporting.

. Good working knowledge of:

o Building Maintenance and Strata Management Act (BMSMA)

o GST and corporate taxation in Singapore

Skills & Competencies

. Proven experience liaising directly with auditors, tax agents, and external stakeholders.

. Ability to manage multiple priorities and meet tight deadlines in a fast-paced environment.

. Meticulous, responsible, and detail-oriented with strong problem-solving and analytical skills.

. Confident, independent, and able to work under pressure.