The senior accountant manages the full accounting functions of our newly set up manufacturing operations. The individual in this role will hold an ACCA qualification and have extensive experience in accounting within the manufacturing sector. This role will involve managing financial records, preparing reports, and ensuring compliance with financial regulations, particularly those applicable in Singapore.
Role and Responsibilities:
Full Account Management:
- Oversee all aspects of accounting functions, including accounts payable, accounts receivable, general ledger, and payroll.
- Maintain accurate and up-to-date financial records for manufacturing operations.
- Prepare and review financial statements, ensuring accuracy and compliance with International Financial Reporting Standards (IFRS) and Singapore Financial Reporting Standards (SFRS).
Financial Reporting:
- Prepare monthly, quarterly, and annual financial reports for management and stakeholders.
- Conduct financial analysis to support business decisions and strategic planning.
- Ensure timely and accurate submission of all financial reports and statements.
Budgeting and Forecasting:
- Develop and manage the annual budget, including forecasting and variance analysis.
- Monitor and analyze budget performance, providing insights and recommendations for improvement.
- Assist in the preparation of long-term financial plans and projections.
Compliance and Audit:
- Ensure compliance with Singapore financial regulations and reporting requirements, including those set by the Accounting and Corporate Regulatory Authority (ACRA).
- Coordinate and manage internal and external audits, providing necessary documentation and support.
- Implement and maintain internal controls to safeguard company assets and ensure financial integrity.
Cost Management:
- Analyze manufacturing costs and variances, providing recommendations for cost reduction and efficiency improvement.
- Oversee inventory accounting and valuation, ensuring accurate reporting of inventory levels and costs.
- Monitor and manage capital expenditures and fixed asset accounting.
Taxation:
- Prepare and file corporate tax returns, ensuring compliance with Singapore tax regulations.
- Manage tax planning and compliance activities, minimizing tax liabilities and risks.
- Liaise with the Inland Revenue Authority of Singapore (IRAS) and external tax advisors as needed.
Skills and Experiences:
- Strong knowledge of accounting principles, standards, and regulations, including IFRS and SFRS.
- Familiarity with ACRA and IRAS requirements.
- Proficiency in accounting software and Microsoft Office Suite (Excel, Word, PowerPoint).
- Excellent analytical, problem-solving, and decision-making skills.
- Strong attention to detail and organizational skills.
- Ability to work independently and as part of a team.
- Excellent communication and interpersonal skills.
General:
- Committed to a high standard of safety and willing to comply with all safety laws and all the company’s safety policies and rules. Must be willing to report safety violations and potential safety violations to appropriate supervisory or management personnel.
- Perform other duties as assigned.
Qualifications and Education Requirements:
- Bachelor’s degree in Accounting, Finance, or a related field.
- ACCA qualification is required.
- Minimum of 8 years of accounting experience, preferably in the manufacturing industry.
Key Competencies:
- Attention to Detail
- Analytical Skills
- Compliance Management
- Communication
- Financial Reporting
- Team Collaboration
- Time Management
- Accountability
