Paymaster cum General Cashier - Bedok

The incumbent plays a key role in maintaining financial integrity, safeguarding company funds, and supporting smooth daily financial operations.

Key Responsibilities:

Payroll and Employee Payments:

• Prepare, verify, and disburse employee salaries, wages, allowances, overtime, bonuses, and other entitlements accurately and on schedule.
• Maintain up-to-date payroll records, including deductions, advances, leave encashment, and statutory contributions (CPF, taxes, etc.).
• Ensure compliance with statutory requirements, labor laws, and company payroll policies.
• Handle payroll-related queries from employees promptly and professionally.

Cash and General Payment Management:

• Receive, count, and manage all incoming cash and cheques.
• Prepare and process payments to suppliers, service providers, and contractors via cheque, bank transfer, or cash as required.
• Maintain daily cash book and ledger entries, ensuring all transactions are accurately recorded.
• Monitor and reconcile cash balances at the end of each day, reporting discrepancies immediately.
• Manage petty cash, including disbursement, replenishment, and proper documentation of expenses.

Banking and Reconciliation:

• Perform regular bank deposits and withdrawals in line with company procedures.
• Reconcile bank statements with company records and investigate any discrepancies.
• Support month-end and year-end financial closing processes by preparing relevant reports and summaries.

Compliance and Controls:

• Ensure adherence to company financial policies, internal controls, and audit requirements.
• Maintain confidentiality and security of payroll data, cash, and financial records.
• Assist with internal and external audits by providing requested cash and payroll documentation.
• Recommend improvements to financial processes, cash handling, and payroll procedures.

Reporting and Documentation:

• Generate daily, weekly, and monthly reports on cash flow, payroll disbursement, and outstanding payments.
• Maintain organized records of all cash and cheque transactions, approvals, and vouchers.

Requirements / Qualifications:

• Minimum diploma or degree in Accounting, Finance, Business Administration, or related field.
• Minimum 3–5 years of experience in payroll management, cash handling, or general accounting.
• Knowledge of statutory requirements related to payroll and employment.
• Proficient in accounting software, spreadsheet applications, and banking systems.