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Open nowPosted yesterday

Financial Accountant

CHUAN HONG SENG TRADING

Pay
SGD 4,000 – SGD 5,000 a month
Where
West, Singapore
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Your applicationOpen nowFinancial AccountantCHUAN HONG SENG TRADING · West, Singapore

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13.5% of postings close within 7 days. Measured by our own scanner across the market.

Share of postings closed within
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  2. 4.6%3 days
  3. 13.5%7 days
  4. 21.8%14 days
  5. 36.6%30 days
  6. 58.9%60 days
This job: posted yesterday

The posting

Job Summary

We are seeking an experienced, detail-oriented and analytical Financial Accountant to manage our company's financial operations, maintain accurate accounting records and ensure timely financial reporting.

The successful candidate will be responsible for handling full sets of accounts, preparing financial statements, managing month-end and year-end closing, performing financial reconciliations, monitoring cash flow and ensuring compliance with Singapore accounting and tax requirements.

The ideal candidate should possess strong accounting knowledge, excellent analytical skills and experience with accounting software. Experience in the food wholesale, distribution, logistics or FMCG industry will be an advantage.

Key Responsibilities

1. Financial Accounting & Reporting

  • Handle full sets of accounts, including Accounts Payable (AP), Accounts Receivable (AR) and General Ledger (GL).
  • Prepare monthly, quarterly and annual financial statements.
  • Manage month-end and year-end closing processes.
  • Prepare profit and loss statements, balance sheets and cash flow reports.
  • Ensure accurate recording of all financial transactions.
  • Maintain general ledger accounts and supporting financial schedules.
  • Prepare journal entries, accruals, prepayments and depreciation schedules.
  • Review financial records and ensure compliance with applicable accounting standards.

2. Accounts Payable & Accounts Receivable

  • Review and process supplier invoices, payment vouchers and related documentation.
  • Monitor outstanding customer balances and follow up on overdue payments.
  • Prepare supplier payment schedules and ensure timely payments.
  • Perform customer and supplier account reconciliations.
  • Verify invoices, receipts, credit notes and debit notes for accuracy.
  • Monitor and resolve discrepancies in financial transactions.

3. Bank Reconciliation & Cash Flow Management

  • Perform monthly bank reconciliations and investigate discrepancies.
  • Monitor daily cash flow, bank balances and payment transactions.
  • Prepare cash flow forecasts and financial summaries.
  • Coordinate payment arrangements with suppliers and other departments.
  • Maintain proper records of bank transactions and supporting documents.

4. GST, Tax & Regulatory Compliance

  • Prepare and review GST reports and support timely GST submissions.
  • Assist with corporate income tax computations and related documentation.
  • Ensure financial records comply with Singapore Financial Reporting Standards (SFRS) and applicable regulations.
  • Liaise with external auditors, tax agents, banks and regulatory authorities when required.
  • Support statutory audits and annual financial reporting.
  • Maintain proper accounting documentation for compliance and audit purposes.

5. Inventory, Costing & Financial Analysis

  • Monitor inventory-related financial transactions and stock valuation.
  • Reconcile inventory records with accounting system balances.
  • Analyse product costs, selling prices and gross profit margins.
  • Review cost of goods sold and identify discrepancies.
  • Coordinate with warehouse, purchasing and sales departments on stock-related accounting matters.
  • Prepare financial analysis reports to support management decisions.
  • Identify opportunities for cost control and operational improvements.

6. Budgeting & Management Reporting

  • Assist in preparing annual budgets and financial forecasts.
  • Monitor actual financial performance against budgets.
  • Analyse revenue, expenses, profitability and financial trends.
  • Prepare management reports and financial performance summaries.
  • Provide financial insights and recommendations to management.
  • Support business planning and financial decision-making.

7. Accounting Systems & Process Improvement

  • Maintain accurate accounting records using AutoCount or other accounting software.
  • Review and improve accounting procedures and internal controls.
  • Identify opportunities to streamline accounting processes.
  • Ensure accurate financial data entry and reporting.
  • Assist with system improvements and accounting-related projects.
  • Perform other finance and accounting duties assigned by management.

Job Requirements

Qualifications & Experience

  • Diploma or Degree in Accounting, Finance or a related discipline.
  • Professional accounting qualifications such as ACCA, CPA or equivalent will be an advantage.
  • Minimum 3 years of relevant accounting experience preferred.
  • Experience handling full sets of accounts independently.
  • Good knowledge of Singapore accounting standards, GST and corporate tax requirements.
  • Experience with AutoCount or similar accounting software preferred.
  • Experience in wholesale, distribution, logistics or FMCG industries will be an advantage.

Technical Skills

  • Proficient in Microsoft Excel, Word and accounting software.
  • Strong knowledge of financial reporting and accounting principles.
  • Familiar with bank reconciliations, month-end closing and financial statement preparation.
  • Good understanding of inventory accounting, costing and financial analysis.
  • Strong numerical, analytical and problem-solving skills.
  • Experience with Excel PivotTables, VLOOKUP/XLOOKUP and financial reporting tools is an advantage.

Personal Attributes

  • Detail-oriented with a high level of accuracy.
  • Responsible, reliable and able to work independently.
  • Strong organisational and time-management skills.
  • Able to manage multiple deadlines and priorities.
  • Good communication and interpersonal skills.
  • Able to work effectively with management and different departments.
  • High level of integrity and confidentiality when handling financial information.
  • Proactive in identifying problems and recommending improvements.

Employee Benefits

  • Competitive salary based on qualifications and experience.
  • Annual Leave and Medical Leave in accordance with Singapore employment regulations.
  • CPF contributions for eligible employees.
  • Other benefits according to company policy.

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