Assistant Finance Manager

The main focus of an assistant finance manager is to help maintain the financial stability of a business. They usually work directly under a company's financial manager, helping the manager analyze and improve their company's financial standing. Assistant finance managers are found in a number of industries.

The assistant finance manager spends a great deal of time checking and updating financial reports. A business' financial reports must be accurate and all transactions must be accounted for, meaning someone in this role must be detail oriented, able to identify even the smallest of errors. An assistant finance manager usually plays a role in ensuring that the business' financial and business plans are accurate and viable. Additionally, they must be able to work well with auditors.

Generally, employers expect assistant finance managers to be familiar with a general ledger system. A bachelor's degree in finance or a related field is the usually required, and many companies prefer that assistant finance managers have a master's degree in a relevant field as well.

As an Assistant Finance Manager in Singapore with 0-3 years of experience, your main responsibilities include:

• Supporting the finance team in budgeting, forecasting, and financial analysis to ensure accurate financial reporting and decision-making.
• Assisting in the preparation of financial statements and conducting reconciliations to ensure compliance with accounting standards and regulations.
• Collaborating with cross-functional teams to optimize financial processes, identify cost-saving opportunities, and improve overall business performance.
• Assisting with financial audits, including documentation preparation and analysis, to ensure timely completion and adherence to audit requirements.

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

• Possess a solid understanding of financial principles, including budgeting, forecasting, and financial analysis. This knowledge is crucial for assisting in financial planning, decision-making, and providing accurate financial reports.
• Demonstrate expertise in using accounting software such as QuickBooks, Excel, or SAP to perform financial calculations, monitor transactions, and generate reports. Familiarity with data analysis and financial modeling tools is also desirable.
• Display a meticulous approach to handling financial records, analyzing data, and spotting errors or discrepancies. Attention to detail ensures accuracy in financial reporting and compliance with regulatory standards.
• Possess effective written and verbal communication skills to interact with internal stakeholders, external auditors, and clients.

The Assistant Finance Manager plays a crucial role in maintaining financial stability. For individuals with 0-3 years of work experience in Singapore, here are following alternative roles to consider:

• Financial Planning and Analysis Associate: A position that involves analyzing financial data, preparing reports, and assisting in budgeting and forecasting processes.
• Internal Auditor: A role focused on examining and evaluating an organization's financial and operational processes to ensure compliance and efficiency.
• Accounts Receivable Coordinator: A position involved in managing customer invoices, tracking payments, and ensuring timely collection of outstanding debts.
• Investment Operations Associate: A role that supports investment and portfolio management activities, including trade settlement, performance analysis, and risk monitoring.

The Assistant Finance Manager role in Singapore is projected to experience significant growth in the market. Over the past 10 years, there has been a steady increase in demand for professionals in this role, with a promising outlook for the future. According to recent data from Google, the employment opportunities in the field of assistant finance management are expected to rise, reflecting a positive trend. As Singapore continues to grow as a financial hub, the demand for skilled finance professionals, including Assistant Finance Managers, is anticipated to increase significantly.