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Accounting/Finance - Accountant/Senior Accountant Capital Expenditure

Job Description

The successful candidate will be part of SIA's Finance Division, Financial Planning & Control Department. He/she will be responsible for ensuring proper budgeting, correct accounting, timely processing, analysis and reporting of the Company’s assets.

Responsibilities

  • Capital expenditure accounting for Divisions and asset categories:

- Monitor and review accounting for monthly accounts close and variance analysis.
- Ensure that users comply with Finance Manual procedures on capital expenditure and financial regulatory standards.
Discuss and liaise with Divisions on accounting treatment for their business process/initiatives.
Compile and analyze material monthly expense variances. Submission of monthly, quarterly and yearly reports as per reporting timelines.
Monitor and clear suspense accounts to ensure that balances are within timelines set.

  • Annual Capital Expenditure Budget exercise:

- Assist with preparation work for roll out of capital expenditure budget exercise.
Review and analyze proposed budget submissions from Business users and submit the budget to Management/Board for approval.
Assist/Support Divisions on queries regarding budget and forecast. Work with Divisions to identify and achieve cost savings/efficiencies.

  • Quarterly forecast exercises and Long-term forecasts for capital expenditure:

- Assist with user queries and carrying out of preparation work for roll out of forecast exercises.
Work with Divisions on projected spending for long-term plan.
Analysis of significant variances for forecast figures for preparation of forecast papers.

  • Understand the business processes of the different divisions and how it relates to the
    accounting treatment of their capital expenditure items/projects. Work closely with the various
    divisions to have a better understanding of their operations and be able to provide value-added
    advice whenever necessary. Assist and provide financial analysis support to Business Users in
    evaluation of projects.
  • Work with internal and external auditors during their audits of the section’s processes and
    controls. Follow up on recommendations given.
  • Handle ad-hoc projects, such as implementation or enhancements of IT systems, to improve
    processes. Department’s representative for ad-hoc projects/exercises or administrative
    matters.
  • Provide guidance to staff on work procedures relating to the use of systems (eg: SAP, Capital
    Budget System) and resolution of issues and problems. Monitor and assess staff performance.

Requirements

  • Good Degree in Accountancy or an equivalent professional qualification recognised by ACCA.
  • Good attention to details.
  • Good numerical and analytical skills.
  • Effective time management skills.
  • Effective communications skills.