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.