Assistant Accountant

Accounts Receivable (AR) • Issue invoices for progress claims, variation orders (VO), and other billings • Monitor collections and follow up on overdue project payments • Prepare Statement of Accounts (SOA) for clients Accounts Payable (AP) • Process subcontractor and supplier invoices • Verify invoices against Purchase Orders (PO), Delivery Orders (DO), and contracts • Prepare payment vouchers and schedule payments to subcontractors and suppliers • Reconcile supplier statements Project Accounting • Monitor and record project revenue and costs for each project • Track project budgets vs actual costs and highlight variances • Assist in Percentage of Completion (POC) calculations for revenue recognition • Track project expenses such as materials, subcontractor costs, labour, and equipment Bank & General Ledger • Perform bank reconciliations • Post journal entries and accruals related to project costs and revenue • Maintain accurate general ledger records Month-End / Year-End Closing • Prepare project cost schedules and revenue recognition schedules • Assist in preparing financial statements and management reports • Liaise and provide audit schedules and supporting documents to auditors Financial Reporting • Assist in preparing management reports • Update financial data in accounting systems Tax & Compliance • Assist with GST reporting and submission • Ensure documentation complies with accounting standards and company policies Liaison & Coordination • Work closely with project managers, quantity surveyors, and procurement team • Liaise with auditors, banks, and external parties when required Subsidiary Accounts and Consolidation • Prepare, review, and reconcile subsidiary ledger accounts, including accounts payable, accounts receivable, and inventory • Manage all subsidiary accounts to ensure completeness, accuracy, and proper documentation of financial transactions • Perform regular reconciliations between subsidiary accounts and the general ledger • Investigate and resolve discrepancies in account balances promptly • Support month-end and year-end closing activities, ensuring subsidiary accounts are properly reflected in financial statements • Prepare and maintain group consolidated financial statements in accordance with applicable accounting standards. • Perform monthly / quarterly / yearly consolidation of financial results from subsidiaries. • Review subsidiary financial statements to ensure accuracy, completeness, and compliance with group accounting policies. • Eliminate intercompany balances and transactions during the consolidation process. • Prepare consolidation journals, including adjustments for intercompany eliminations and reclassifications. • Reconcile intercompany balances among group entities and follow up on discrepancies. • Assist in the preparation of group management reports and financial analysis. • Support the year-end audit process by preparing consolidation schedules and responding to auditor queries. Bank • Opening of bank accounts, project financing, annual review of trade facilities, etc Other duties • Provide administrative support /other finance-related duties as assigned • Maintain accounting files and records • Assist with ad hoc finance tasks assigned by the Finance Manager or Accountant • Opening of bank accounts, project financing, annual review of trade facilities, etc • Assist in the implementation of the new accounting or ERP system. Requirements • Min. Diploma qualification preferable with 1-3 years of experience in project accounting • Good command of MS Office applications • Good analytical and problem-solving skills • Ability to handle multiple projects and meet tight deadlines • Good communication skills to liaise with project managers, quantity surveyors, subcontractors, bankers and auditors • Strong organizational and documentation skills • Responsible and able to work independently