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Old 10-07-2012, 10:24 PM
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Default Underpaid?

Hi all forum readers, please advise me if I am underpaid and whether i should find a position of Accounts Executive with my qualification and experience.
Welcome all advices!

Position: Accounts assistant
Industry: Shipping
Qualification: Diploma / ACCA level 2 (currently at final stage)
Salary: $2250 (excluding bonus/AWS)
Experience: 1.5 years of accounting experience

Job responsibilities as follows:

Analyze and prepare annual general overheads budget
Monthly reporting of budget utilization and variances to senior management
Responsible for quarterly preparation and e-filing of GST returns
Preparation of relevant audit, tax, balance sheet and profit/loss schedules
Responsible for monthly, quarterly and yearly closing of general overheads accounts.
Handled full sets of accounts (AP / AR / GL)
Verification and processing of company invoices & staff claims
Arrange for telegraphic transfers and local bank transfers using internet banking
Handle intra-group payment settlement and transactions
Manage and record all fixed asset acquisitions, transfers, disposals and monthly depreciation expense
Management of petty cash

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Old 10-07-2012, 10:48 PM
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Dont get me wrong, but i am really keen to understand what you think is a fair salary and why ?

Dont believe what people post on this forum in terms of salary. I find it silly to believe the top 5 % of singapore paid workers are posting here.

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Old 11-07-2012, 12:46 AM
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yes, quit.

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Old 11-07-2012, 08:54 AM
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Quote:
Originally Posted by Sam Adams View Post
yes, quit.
Serious? Is it possible to find a job that pays at least $2500 with this job scope?
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Old 11-07-2012, 11:40 AM
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Quote:
Originally Posted by bored View Post
Serious? Is it possible to find a job that pays at least $2500 with this job scope?
Yes it is possible.

What's more important is: Are you able to find that job opening and clear the interview?
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Old 11-07-2012, 12:04 PM
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Quote:
Originally Posted by Unregistered View Post
Yes it is possible.

What's more important is: Are you able to find that job opening and clear the interview?
I've sent several applications for Accounts Executive position with similar job scope that pays $2500 & above. just awaiting for interview opportunities.

So to sum up, am i underpaid?
If yes, should i move on or stay for 1 more year?
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Old 11-07-2012, 12:40 PM
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Quote:
Originally Posted by bored View Post
I've sent several applications for Accounts Executive position with similar job scope that pays $2500 & above. just awaiting for interview opportunities.

So to sum up, am i underpaid?
If yes, should i move on or stay for 1 more year?

You might be paid less than some people with the same qualifications. The real question is: How much more can you be paid ? If the difference is say $200, do you really want to make the jump simply based on that $200 ? If yes, will you be tempted to do it over and over again year after year ?

If you have push factors for leaving the current job, I will say Go Ahead. Otherwise, I would give it a bit more time and learn more.
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Old 11-07-2012, 01:25 PM
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Quote:
Originally Posted by bored View Post
I've sent several applications for Accounts Executive position with similar job scope that pays $2500 & above. just awaiting for interview opportunities.

So to sum up, am i underpaid?
If yes, should i move on or stay for 1 more year?
Nobody can accurately answer this question for you, simply because none of us know the exact level of contribution you make to your company, nor the profits/revenues of your company.

Eg: Another Accounts Assistant with the same years of experience working in a Fortune 500 might make a few hundred dollars more than you doing the exact same job. Doesn't mean he/she is necessarily overpaid, could just be that person landed a job in a richer company or has better contract negotiating skills.
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Old 11-07-2012, 01:49 PM
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Auditors, with bachelor degrees, start off at BIG 4 at $2,500pm.

Typical Uni degree takes about 3-4 years. Since you are diploma with 1.5 years experience, I think you are overpaid. should be getting closer to $2.2k.

Auditors in Big 4 can be considered "front office", since their roles are closely related to the revenue streams of the company.

Your role as a finance executive is ancillary, support, "back office". Another reason to consider.

Bottom-line: Just go interview and if anyone offers you a higher pay than what you are getting = you were under paid, vice versa.
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Old 11-07-2012, 09:38 PM
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I see. Thanks for all the advices, I'll go for interviews and see how it goes.
Because I really thought that the job scope plays a big part in the salary package.
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