Finance Assistant

Finance assistants are tasked with collecting and classifying financial information from all departments of a company to prepare periodic reports for each. They may also oversee standard security procedures for handling the firm's sensitive financial information and maintain data privacy in financial and information technology (IT) equipment information.

Finance assistants may be held accountable for any decisions made based on the data contained in their reports, which often represent lines of communication between different departments within the firm, and many company decisions are made based upon them. They must also establish and maintain communication with all departments within the company.

A bachelor's degree in business administration or a related field is generally required for this position, and some employers also require at least two years of relevant experience. Finance assistants must also be able to analyze financial information, handle complex numerical calculations, and manage personal computers and programmable calculators.

As a Finance Assistant with 3-6 years of experience in Singapore, your main responsibilities are:

• Maintaining accurate financial records, including journal entries and reconciliations.
• Preparing monthly, quarterly, and annual financial reports for review by management and external stakeholders.
• Assisting with budget preparation, monitoring, and forecasting.
• Collaborating with other teams to ensure timely and accurate processing of invoices, payments, and other financial transactions.

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

• Solid understanding of financial principles and concepts, including financial analysis, budgeting, and forecasting, to assist in the preparation of financial reports and statements.
• Proficient in using financial software and tools such as Excel, QuickBooks, or SAP to accurately maintain and update financial records and transactions.
• Detail-oriented mindset with excellent numerical and analytical skills to spot errors, discrepancies, and trends in financial data, ensuring the accuracy and integrity of financial information.
• Strong problem-solving abilities to identify financial challenges, recommend solutions, and support decision-making processes within the finance team.

With 3-6 years of experience as a Finance Assistant in Singapore, professionals can consider exploring several other roles in the finance industry. Here are following alternative roles for such professionals:

• Payroll Specialist: A position focused on ensuring payroll accuracy and compliance with tax regulations, including processing, reporting, and record-keeping.
• Investment Analyst: A role that involves researching and analyzing potential investment opportunities and making recommendations to senior management.
• Budget Analyst: A position that involves analyzing financial data, developing budgets, monitoring spending, and providing insights to support effective decision-making.
• Accounts Receivable Specialist: A role focused on managing customer relationships and ensuring timely and accurate payment collection, including account reconciliation, credit checks, and dispute resolution.

The role of a Finance Assistant in Singapore is projected to experience significant growth in the market. Over the past 10 years, this position has seen consistent demand and is expected to continue growing in the future. According to recent data from Google, there is an increasing number of employment opportunities available for Finance Assistants in Singapore. The market demand for this role is expected to rise due to the expanding financial sector and the need for skilled professionals to support financial operations. With these trends in mind, the future looks promising for individuals seeking a career as a Finance Assistant in Singapore.