Accounts Assistant

An accounts assistant plays a critical role in any accounting or business firm. They work as part of the team that is responsible for maintaining finances within the company; they typically report directly to the accountant or the finance manager. On a typical day, an accounts assistant's work includes balancing books to ensure that records and payments are correct and working with the sales team on current and future projects. There are many other tasks they might encounter such as handling and writing checks, sales order processing, preparing statutory accounts, and processing invoices. This job typically takes place during normal business hours, but there may be special cases in which the accounts assistant is needed to help the accountant or the financial manager to meet critical task on deadline.

Accountant assistants generally work within an office and frequently use a computer. A typical accountant assistant's work space also will have many files and folders. Computers are usually equipped with accounting software and sensitive financial information about the company.

The accounts assistant must have a good understanding of accounting principles, good organizational skills, and typically some sort of accounting certification.

As an Accounts Assistant with 9+ years of experience in Singapore, your main responsibilities include:

• Managing financial data and ensuring accuracy in recording and processing financial transactions. You will be responsible for maintaining and updating financial records, such as invoices, payments, and receipts, while ensuring their accuracy and proper documentation.
• Assisting in the preparation of financial statements and reports. You will assist in gathering and organizing financial data to prepare various reports, including balance sheets, income statements, and cash flow statements, aiding in financial analysis and decision-making.
• Conducting regular audits to verify the integrity of financial information. You will perform periodic audits of financial records to ensure compliance with relevant regulations, identify any discrepancies or errors, and propose corrective actions if necessary.
• Supporting budgeting and forecasting processes.

For an Accounts Assistant job role, the following qualifications are required:

• Proficient in financial software and tools to accurately process and maintain financial records, such as ledger entries, accounts payable/receivable, and bank reconciliations.
• Strong numerical skills with attention to detail to ensure accuracy in data entry, calculations, and financial reports.
• Knowledge of accounting principles and regulations to assist in the preparation of financial statements, income tax returns, and audit documentation.
• Well-organized with the ability to multitask and prioritize competing deadlines, ensuring efficient workflow and timely completion of tasks.

With 9+ years of work experience as an Accounts Assistant in Singapore, there are several alternative roles to consider. Here are following options to explore:

• Senior Accountant: This role comes with more extensive responsibilities, including financial reporting and regulatory compliance.
• Treasury Manager: Focuses on managing cash and liquidity requirements for an organization, including forecasting, risk management, and investment activities.
• Procurement Manager: Involves managing supplier relationships, negotiating contracts, and overseeing purchasing processes.
• Financial Analyst: This position focuses on monitoring financial performance, developing forecasts, and providing insights to support strategic decision-making.

The role of Accounts Assistant in Singapore is projected to witness substantial growth in the market. Over the past 10 years, there has been a consistent rise in demand for this position, indicating its significance in the finance industry. The future looks promising with a significant number of employment opportunities expected to be available. According to recent data, the job outlook for Accounts Assistants in Singapore remains positive, with numerous openings expected in the coming years. Given this trend, it is safe to assume that the role will continue to thrive and provide ample career opportunities for individuals in the finance sector.