Accountant

Central, Singapore Posted 6d First seen 5d
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Position Summary

To govern the financial operations of the Singapore office so that the financial information is maintained accurately and services are provided to staff in a helpful and timely manner.

Key Accountabilities

Daily Financial Support & Internal Control

  • Payment Processing: Precisely manage and process daily bank payments and receipts across both Client Accounts and Office Accounts.
  • Accounting Operations: Oversee daily billing, AR, AP, disbursements, and GL.
  • Funds Segregation: Ensure strict daily maintenance and monthly management of client ledgers, enforcing absolute segregation of client and firm funds.
  • Cash Flow Management: Monitor cash flow and prepare funding requests to the regional and head offices when required.
  • Policy Enforcement: Enforce financial internal control and payment policies established by the head office.

Financial Reporting & Local Compliance

  • Regulatory Reconciliation: Execute monthly bank reconciliations for both client and office accounts in strict compliance with the local regulations.
  • Closing & Reporting: Prepare timely and accurate monthly management accounts, annual financial statements, and trial balances.
  • Audit & Tax Filing: Liaise with external auditors and tax advisors, and review audited financial reports and tax filing documents to ensure full compliance with statutory requirements of auditing, GST and Corporate Tax.
  • Credit Control: Generate regular AR aging and WIP reports and communicate with practice teams to enforce credit control.
  • Annual budget and analysis: Assist in the preparation of annual budgets and management analysis.

Payroll & Employer Tax Compliance

  • Payroll Execution: Process monthly payroll following the local regulations
  • Employer tax return filing (Preferred):Handle annual employer tax return filings.

Cross-Border & Local Liaison

  • Local Collaboration: Work with local practice groups and the administrative team to ensure smooth and efficient financial operations.
  • Headquarter communication: Liaise with Regional and Head Offices on financial matters

Key Requirements

Regulatory Compliance & Client Account Management (High Priority)

  • Compliance: Deep and practical knowledge of local regulations governing the financial operations of law firms.
  • Client Account Control: Proven, hands-on experience in client account bookkeeping, strict segregation of funds, monthly reconciliations, and disbursement control is a must.
  • Audit &Tax Liaison: Familiar with local statutory audit processes and tax filings(GST, Corporate Tax), with a track record of smooth coordination with external auditors and tax advisors.

Technical Expertise

  • FLP Full-Set Accounting: 3 to 5 years of solid experience managing full-set accounts for a law firm (experience within a Foreign Law Practice and Elite system is preferred).
  • Hands-on Financial Operations: a. Extensive experience in law firm billing and AR with good working knowledge of WIP and disbursement control. b. Experience in generating AR age-analysis reports and proactively communicating with practice teams to enforce credit control. c. Hands-on experience in managing AP, GL, client ledgers, and monthly reporting.
  • Budget & Analysis (Preferred): Prior exposure to budgeting and financial analysis is a plus.
  • Payroll (Preferred): Prior hands-on experience in local payroll processing and employer’s return filing is preferred.

Capabilities & Education

  • High sense of responsibility, strict ethical standards, and strong ownership over financial data accuracy and deadline adherence.
  • Excellent communication and interpersonal skills to collaborate effectively with local practice teams and counterparts in Regional/Head offices.
  • Bachelor’s degree in Accounting, Finance, or equivalent is preferred.

Skills and Abilities

Essential

  • Quality driven, service oriented and client focused
  • Excellent written and oral communication
  • Approachable and personable
  • Ability to communicate in an effective manner with colleagues and clients
    (both verbal and written)
  • Ability to prioritise tasks and meet deadlines
  • Ability to work unsupervised and manage own work

Desirable

  • A collaborative approach to work
  • Capacity to deal with work pressure, maintain energy levels and commitment to on-going personal development
  • Dedication to work hard, remaining calm when confronted with extremes of work pressure and able to balance work/life needs
  • Willingness to work flexible hours