This is dynamic business partner role supporting the project leaders on project financials and performance. You will work closely with the project teams on project related matters and the GL team during month end close to ensure accurate recording of costs and revenue. You will take the lead on budget preparation for projects under your charge and assist with audit queries during the year end audit. The role has a high visibility to Management and opportunity to drive process improvements.
Responsibilities:
1. Undertake take role of Business Partner of an assigned business unit and work closely with the respective business units on their accounting and reporting requirements.
2. Review contracts, understand key terms and conditions, fee basis, billing milestones and billing mechanisms. Actively drive WIP, AR management, ensuring timely billings and collections as projects progress for projects assigned.
3. Ensure project account setup on accounting system is adequately structured for cost monitoring, billing and collection purposes.
4. Review on a monthly basis, project cost charges and investigate variances. Prepare accrual lists for accrual of project costs.
5. Prepare monthly project reports and engage project leaders on project progress, performance and KPI discussions. Represent projects at financial meetings and present analysis.
6. Support projects on preparation of budgets, rolling forecasts, cost projections and keeping costs up to date. Monitor risk and opportunities and quantify costs and revenue impact.
7. Strong understanding of project accounting, costs to complete projections, revenue recognition.
8. Participate in semi-annual budget exercise, work closely with project teams on budget preparation, and support project teams on presentation of project financials.
9. Assist with the monthly preparation of Division reports and identify areas for improvement, digitalization.
Requirement:
- Degree in Accountancy or ACCA with at least 5 years in project accounting or project finance related role in service related organization or construction industry.
- Meticulous, and able to manage multi stakeholders
- Good understanding of FRS 115
- Advanced EXCEL user with good financial modelling experience
- Prior working knowledge of ORACLE/Hyperion advantageous
- Keen interest in dashboards and RPA
- Strong presentation skills
- Candidates with stronger skills and experience may be considered for an Assistant Manager position.
