Full-Time
Assistant Accountant
Defence Finance
Updated on 9/4/2026
Service Stream
1,001-5,000 employees
Integrated asset lifecycle services for utilities
No salary listed
Melbourne VIC, Australia
Hybrid
Hybrid working is offered.
Canada Citizenship Required
Bachelor's
 Accounting (1) |
|---|
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- Relevant accounting experience, with progress towards or an intention to complete a Chartered Accountant or Certified Practising Accountant qualification preferred.
- Sound knowledge of accounting principles, financial reporting, and reconciliations.
- Proficiency in Microsoft Excel and financial systems.
- Ability to manage competing priorities and meet reporting deadlines.
- Effective communication and stakeholder engagement skills.
- Must be an Australian citizen and able to obtain and maintain a Defence Security Clearance.
- Assist with monthly, quarter-end, and year-end financial reporting, including journals, accruals, prepayments, reconciliations, and variance analysis.
- Support the preparation of management accounts, ensuring accurate and timely reporting of revenue, costs, and financial performance.
- Maintain balance sheet integrity through timely reconciliations, investigation of discrepancies, and supporting documentation.
- Contribute to budgeting, forecasting, and financial planning activities by providing accurate financial data and analysis.
- Support internal and external audit processes, ensuring compliance with financial controls, policies, and Defence contractual requirements.
- Assist Accounts Receivable, Accounts Payable, Treasury, Payroll, and Shared Services teams to resolve financial queries and maintain efficient operations.
- Identify opportunities to improve finance processes, reporting accuracy, and system effectiveness.
- Provide support for ad hoc financial analysis, corporate reporting, and other activities contributing to delivery of the Defence Property and Assets contract.
- Progress towards or an intention to complete a Chartered Accountant or Certified Practising Accountant qualification.
- A bachelor's degree in accounting, finance, or a related discipline.
Service Stream provides end-to-end asset life-cycle services for utility and telecommunications networks across Australia, including design, construction, operation, and maintenance of assets in electricity, gas, water, renewables, and telecoms, as well as transport and ITS infrastructure. Its offering is technology-agnostic and delivered through a national team of employees and a contractor network to manage assets for owners, operators, and regulators. The company stands out with ASX300-listed scale (5,000+ employees and 3,000+ skilled contractors) and its ability to deliver across multiple network types in an integrated way. Its goal is to keep communities connected by ensuring reliable, well-managed essential network services through comprehensive asset life-cycle management.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Melbourne, Australia
Founded
N/A
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Simplify's Take
What believers are saying
- FY26 revenue rose 2.3% to A$2.475 billion; EBITDA rose 11.8% to A$163.4 million.
- FY26 secured A$3.2 billion contracted work, with 93% retention.
- Utilities margins strengthened in H1 FY26, while defence revenue reached A$88 million.
What critics are saying
- Telecommunications revenue fell in FY26 as programs rolled off before replacements ramped.
- New Transport for Victoria and Yarra Valley Water work starts late 2026, delaying revenue.
- Losing NBN renewals would gut cash flow and expose the group to telecom collapse.
What makes Service Stream unique
- Nine-year Yarra Valley Water partnership starts October 2026, locking annuity-style utility revenue.
- August 2026 Transport for Victoria wins extend Service Stream across 4,500 ITS assets.
- July 2026 RIE Group acquisition adds high-voltage energy services in Queensland.
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Benefits
Parental Leave
Employee Discounts
Professional Development Budget
Company News
Service Stream awarded nine-year maintenance contract with Yarra Valley Water. Reading Time: 2 mins read Service Stream has secured a new nine-year contract with Yarra Valley Water under the utility's Maintenance Services Delivery Partners program. Yarra Valley Water is Victoria's largest water utility, providing water and sewerage services to more than two million people across Melbourne's northern and eastern suburbs. Under a refreshed delivery model, Service Stream has been selected as the Delivery Partner for the Northern Region. Under the contract, Service Stream will deliver mechanical, electrical and civil maintenance services across Yarra Valley Water's water and sewerage networks and treatment facilities. The scope includes both responsive maintenance and selected programmed works, supporting the ongoing reliability and performance of critical infrastructure servicing Melbourne communities. Mobilisation activities will commence immediately, with operations scheduled to begin in October 2026. Service Stream Managing Director, Leigh Mackender, said the contract represented an important milestone for the business and reinforced the company's strong position within the utilities sector. "We are delighted to be selected as a delivery partner for this long-term program. We look forward to working closely with Yarra Valley Water and supporting the maintenance of its critical infrastructure across Melbourne," Mackender said. "In alignment with our Group strategy, this award further strengthens and diversifies Service Stream's operations and maintenance portfolio, providing additional annuity-style revenue and further expanding our secured work-in-hand profile." The award represents a significant milestone for Service Stream's Utilities business and reinforces the company's continued focus on building long-term partnerships, delivering operational excellence and supporting essential infrastructure services across Australia.
25 May 2026 - The essential network services provider aims to diversify and grow its market share with the acquisition of the Queensland-based high-voltage specialist.
Service Stream powers up energy transition push with $8m acquisition of Queensland's RIE Group. By Business News Australia 25 May 2026 Essential infrastructure services group Service Stream (ASX: SSM) has agreed to acquire Queensland-based RIE Group, a specialist high-voltage electrical and instrumentation business, for up to $8 million as it deepens its footprint in the energy sector. The deal comprises an initial cash payment of $6.5 million plus an earn-out of up to $1.5 million tied to RIE Group's financial performance in FY27. RIE Group, with offices in Chinchilla and Roma, operates across the Surat Basin, Darling Downs, and Gladstone regions, providing high-voltage electrical and instrumentation services to clients in oil and gas, power generation, and renewables. The business generates about $13 million in annual revenue and employs between 60 and 120 people at peak capacity. The acquisition comes just a week after Service Stream disclosed $455 million in new utility contracts, including a nine-year, $405 million maintenance agreement with Yarra Valley Water and $50 million in outage services contracts at the Millmerran power station in Queensland. The trio of announcements builds on a strong first half for the group, which reported EBITDA of $75.3 million, adjusted net profit after tax of $36.6 million, and net cash of $87.6 million in its H1 FY26 results. Work-in-hand stood at $9.2 billion at the half-year mark. Service Stream managing director Leigh Mackender says the RIE Group acquisition adds specialist high-voltage capabilities that complement the company's existing energy services offering. "The acquisition reflects a strategic addition to our growing utility operations at a time when the energy transition is providing increasing opportunities," says Mackender. "The expansion of capabilities across the industrial services sector reflects one of many growth areas being targeted as we look to continually expand the group's total addressable markets." RIE Group's client base spans gas-fired and coal-fired power generation, upstream oil and gas operations, and a growing pipeline of renewables work. The business provides services including high-voltage cable installation, termination and testing, substation maintenance, and control and instrumentation works. Service Stream says the acquisition of RIE aligns with its strategy to grow and diversify the total addressable market across its business. "The acquisition will enhance Service Stream's capabilities, expand the group's geographical presence across adjacent markets and establish a strong relationship with blue-chip asset owners," says the company. The Queensland energy sector is experiencing heightened activity, with the Queensland Audit Office noting that the state's major project pipeline is driving significant demand for skilled construction workers, with the workforce expected to peak at about 50,000 in 2026-27. Service Stream says RIE Group will operate within its energy division following completion, with the acquisition to be funded from existing cash reserves. The deal is not subject to any regulatory approvals. The company's net cash position of $87.6 million at the half-year provides ample headroom for the acquisition, which at up to $8 million represents a modest outlay relative to the group's balance sheet. Service Stream has been progressively expanding its energy services capabilities as part of a broader strategy to capture a larger share of infrastructure spending tied to Australia's energy transition. The Millmerran outage contracts announced last week marked the company's entry into large-scale power station maintenance in Queensland, a position now reinforced by RIE Group's regional presence. Completion of the REI Group acquisition is expected in August this year. Business News Australia Australia's business news. Free. Always. Join thousands of founders, investors and executives who read Business News Australia every morning. No paid subscriptions, just free. Unsubscribe anytime. Partner Content
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Service Stream secures $440M NBN upgrade.