Path to a Fulfilling Assistant Controller (Financial) Career in Singapore with in-depth Career Guide

Path to a Fulfilling Assistant Controller (Financial) Career in Singapore with in-depth Career Guide

02 July 2024

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Navigating Your Path to Success in Assistant Controller (Financial): A Comprehensive Career Guide

Features

Table of Contents

  • 1. Assistant Controller (Financial) Career Guide: Introduction

  • 2. What is Assistant Controller (Financial)?

  • 3. Roles and Responsibilities

  • 4. Prerequisites

  • 5. Essential Skills for Assistant Controller (Financial)

  • 6. Industry Outlook

  • 7. Top Courses To Master Assistant Controller (Financial)

  • 8. Summary

Navigating Your Path to Success in Assistant Controller (Financial): A Comprehensive Career Guide

Assistant Controller (Financial) Career Guide: Introduction

The career guide provides a detailed roadmap of Assistant Controller (Financial) position, part of the Accounting & Finance industry within Singapore that offers potential career growth.

What is Assistant Controller (Financial)?

An assistant controller is responsible for managing the finances of an organization. Usually reporting to a controller, the assistant controller is part of a supervisory team that oversees an organization's accounting and bookkeeping. Assistant controllers are needed in any large organization that has a significant budget. Jobs for assistant controllers can be found in private industry, as well as in federal, state, and city governments, hospitals and clinics, and non-profit organizations.

The central focus of an assistant controller's job is to analyze and track an organization's income and expenditures, as well as ensure compliance with regulations and tax laws. Daily duties for assistant controllers vary by industry, but commonly include financial planning, payroll management, bookkeeping, preparation of financial statements (such as balance sheets and quarterly reports), preparing and submitting tax forms, Securities & Exchange Commission reporting, inventory accounting, and closing journal entries. In smaller organizations, the assistant controller may also be asked to perform data entry.

Generally a minimum of a bachelor's degree in finance or accounting is required for these positions, possibly with a Certified Public Accountant (CPA) license. For certain industries, such as healthcare, employers may also ask for experience with that particular industry. Strong mathematics skills, interpersonal communication skills, and the ability to prepare detailed reports are a must. Familiarity with commonly used financial software is also required.

Assistant controllers generally work during regular business hours in an office setting, although many positions require some travel.

Roles and Responsibilities

As an Assistant Controller (Financial) in Singapore, your main responsibilities include:

  • Financial Reporting: Preparing and analyzing financial statements to ensure accuracy and compliance with regulatory guidelines.
  • Budgeting and Forecasting: Assisting in the development and monitoring of financial budgets and forecasts to support strategic decision-making.
  • Internal Controls: Implementing and maintaining effective internal control processes to safeguard company assets and mitigate financial risks.
  • Tax Compliance: Ensuring compliance with tax regulations, preparing tax returns, and coordinating with tax authorities for audits.
  • Audit Coordination: Assisting with external audits and liaising with auditors to provide necessary documentation and resolve any audit findings.
  • Financial Analysis: Performing ad-hoc financial analysis to support management decision-making and identify areas for improvement.
  • Process Improvement: Identifying and implementing process improvements to enhance efficiency and effectiveness of financial operations.
  • Team Collaboration: Collaborating closely with cross-functional teams to provide financial insights, guidance, and support as required.
  • Regulatory Compliance: Staying updated on financial laws and regulations and ensuring adherence to industry-specific regulatory requirements.
  • Systems and Tools: Utilizing financial systems and tools to manage and analyze financial data accurately and effectively.

Prerequisites

Prerequisite for a Assistant Controller (Financial)

Educational Qualifications

Top Professional Certifications

Work Experience and Internship

Tools Knowledge required

Essential Skills for Assistant Controller (Financial)

Essential skills that can help you prosper as Assistant Controller (Financial):

Salary Insights

Early Career

Mid Career

Late Career

Industry Outlook

The job role of Assistant Controller (Financial) in Singapore is expected to grow in the market due to the increasing demand for finance professionals in various industries. According to a 10-year analysis, the job role has shown a consistent growth pattern with a positive outlook. With the evolving finance landscape and the need for financial expertise, there is a high probability of ample employment opportunities in the future. The projected growth of this position is expected to continue in line with the expanding financial sector in Singapore.

Top Courses To Master Assistant Controller (Financial)

If you are prepared to advance your learning journey towards becoming an Assistant Controller (Financial), you have arrived at the ideal destination! Outlined below are the leading courses that can facilitate a prosperous vocational journey for you

Summary

An assistant controller is responsible for managing the finances of an organization, including accounting, bookkeeping, financial planning, payroll management, and tax compliance. They work under the supervision of a controller and are employed in various sectors such as private industry, government, healthcare, and non-profit organizations. Assistant controllers typically hold a bachelor's degree in finance or accounting and may require a CPA license or industry-specific experience. Alternative career options in Singapore include financial analyst, risk manager, internal auditor, and treasury manager. The job outlook for assistant controllers in Singapore is positive, with expected growth due to the increasing demand for finance professionals.

Features

Table of Contents

  • 1. Assistant Controller (Financial) Career Guide: Introduction

  • 2. What is Assistant Controller (Financial)?

  • 3. Roles and Responsibilities

  • 4. Prerequisites

  • 5. Essential Skills for Assistant Controller (Financial)

  • 6. Industry Outlook

  • 7. Top Courses To Master Assistant Controller (Financial)

  • 8. Summary