Senior Accountant / Accountant (MCST)
Senior
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.