| 18-09-2013 10:19 AM |
| Unregistered |
so TS accept new job already? what is the package?
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| 16-09-2013 05:52 PM |
| Unregistered |
Quote:
Originally Posted by chitchatbox88
Hi out to all, thanks for the reply. The company is indeed very small in size. Market cap 100+ Million.
Just for your info, this role has been created, it is not a replacement role. Secondly, the finance team is just up, so I will be working closely with my GM and my FC. We are talking about 3 persons for the whole finance/investment team. I did question how much accounting work I will be handling, but they mentioned that they have a team of accounting staffs and they handles the company accounting matters.
I do know the range of financial analyst pay is very wide and this position require a lot of credentials. I did pose the hiring manager a question, this role seems looking out for person with at least 3-4 years of relevant experience to do it, but why are you looking out for people with only 1-2 years of experience? He answered he is looking for someone younger who is willing to "get dirty" with some of the work. Getting dirty as part of my job requires me to literally gets dirty.
I see that job as a rare opportunity as I can work closely with the GM and FC. Plus its something which I want to do and have interest in.
The Hiring manager did tell me that he will adjust my pay upon my completion of my probation and will re-assess it using my performance.
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Better stay put. The company say want 1-2 years exp instead of 3-4 years because he want someone younger willing to do dirty work not credible reason at all. 2 years difference can't have much difference in terms of younger or more willing to do work. Maybe he cannot afford the exp people end up trying to look for anyone even without exp as long as can fit budget.
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| 15-09-2013 06:59 PM |
| Unregistered |
If u have already signed an employment/appointment letter but still have not started work, can u still backed off? Will there be any penalty or compensation? N will I be black listed for future application?
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| 13-09-2013 11:55 PM |
| Unregistered |
are u sure your hiring manager is a real finance controller and not just some inflated title?
quite hard to believe that a fc of asia will have only 1 analyst almost fresh from school in his entire finance team.
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| 13-09-2013 05:46 PM |
| Lord S |
Quote:
Originally Posted by Unregistered
1 word of advice, never join this kind of SME. The guy is just looking for someone dumb enough to accept low pay and do sh.it work. I've seen so many of such nonsense from these cheapskate local businessmen.
If he really value you to do serious work, he will not stinge on the 20% pay cut and talk nonsense like promise to "review" your pay after some time.
I mean how much are you paid now? I estimate at most 10k? So he's willing to save just 2k to get a sub par person with no exp to do such supposed strategic high level work?
This kind of of market cap is not even equivalent to a local sales office of a big MNC, the FC is probably just local Finance Manager calibre in bigger companies.
Do not be blinded by all that nonsense about Asian exposure. Being involved in a $1 billion Singapore project as a small fry easily beats whatever you can learn by tagging along in a Asia $1 million project doing odd jobs.
Also note that once you are labeled as SME pedigree, it is very difficult to get back into MNC. Generally if a MNC wants to hire an analyst, they will not get someone with a few years in some never heard before SME whose pay is not even half of their budget.
Caveat emptor.
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Looking at the size of the company and the team, it is likely some kind of biz development work with local partners or acquisitions of a local setups in a developing country in the region of few hundred thousand to at most few million USD.
This kind of SME small proprietor experience in messy countries is useful if the intention is to start a small biz and be an entrepruneur few years down the road, but like that after a few years definitely cannot move up to finance FO roles with MNCs/banks.
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| 13-09-2013 02:19 PM |
| Unregistered |
Quote:
Originally Posted by chitchatbox88
Secondly, the finance team is just up, so I will be working closely with my GM and my FC. We are talking about 3 persons for the whole finance/investment team.
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1 mgr + 1 finance + 1 newbie grad = entire investment / finance team
lovely. a retire uncle stock punting maybe got budget bigger than you guys
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| 13-09-2013 01:52 PM |
| Unregistered |
1 word of advice, never join this kind of SME. The guy is just looking for someone dumb enough to accept low pay and do sh.it work. I've seen so many of such nonsense from these cheapskate local businessmen.
If he really value you to do serious work, he will not stinge on the 20% pay cut and talk nonsense like promise to "review" your pay after some time.
I mean how much are you paid now? I estimate at most 10k? So he's willing to save just 2k to get a sub par person with no exp to do such supposed strategic high level work?
This kind of of market cap is not even equivalent to a local sales office of a big MNC, the FC is probably just local Finance Manager calibre in bigger companies.
Do not be blinded by all that nonsense about Asian exposure. Being involved in a $1 billion Singapore project as a small fry easily beats whatever you can learn by tagging along in a Asia $1 million project doing odd jobs.
Also note that once you are labeled as SME pedigree, it is very difficult to get back into MNC. Generally if a MNC wants to hire an analyst, they will not get someone with a few years in some never heard before SME whose pay is not even half of their budget.
Caveat emptor.
Quote:
Originally Posted by chitchatbox88
Hi out to all, thanks for the reply. The company is indeed very small in size. Market cap 100+ Million.
Just for your info, this role has been created, it is not a replacement role. Secondly, the finance team is just up, so I will be working closely with my GM and my FC. We are talking about 3 persons for the whole finance/investment team. I did question how much accounting work I will be handling, but they mentioned that they have a team of accounting staffs and they handles the company accounting matters.
I do know the range of financial analyst pay is very wide and this position require a lot of credentials. I did pose the hiring manager a question, this role seems looking out for person with at least 3-4 years of relevant experience to do it, but why are you looking out for people with only 1-2 years of experience? He answered he is looking for someone younger who is willing to "get dirty" with some of the work. Getting dirty as part of my job requires me to literally gets dirty.
I see that job as a rare opportunity as I can work closely with the GM and FC. Plus its something which I want to do and have interest in.
The Hiring manager did tell me that he will adjust my pay upon my completion of my probation and will re-assess it using my performance.
|
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| 13-09-2013 12:45 PM |
| chitchatbox88 |
Hi out to all, thanks for the reply. The company is indeed very small in size. Market cap 100+ Million.
Just for your info, this role has been created, it is not a replacement role. Secondly, the finance team is just up, so I will be working closely with my GM and my FC. We are talking about 3 persons for the whole finance/investment team. I did question how much accounting work I will be handling, but they mentioned that they have a team of accounting staffs and they handles the company accounting matters.
I do know the range of financial analyst pay is very wide and this position require a lot of credentials. I did pose the hiring manager a question, this role seems looking out for person with at least 3-4 years of relevant experience to do it, but why are you looking out for people with only 1-2 years of experience? He answered he is looking for someone younger who is willing to "get dirty" with some of the work. Getting dirty as part of my job requires me to literally gets dirty.
I see that job as a rare opportunity as I can work closely with the GM and FC. Plus its something which I want to do and have interest in.
The Hiring manager did tell me that he will adjust my pay upon my completion of my probation and will re-assess it using my performance.
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| 13-09-2013 12:06 PM |
| Unregistered |
Quote:
Originally Posted by chitchatbox88
The Financial analyst role offered to be is not the conventional Financial Analyst Back office job. It is one that I will travel with my boss to Asian countries and source for new investment projects for the board. It is a front office role where i can go out and know people, network with people, learn how a business is discussed. Its a role which I can learn proper financial modelling, cash flow projections and revenue forecast as well.
The role is very close to an investment analyst role and does bring about skillsets that can be transfer to a research analyst or investment analyst role in the future. Which makes me decide on taking on the paycut.
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To answer to TS directly, I just want to ask 1 simple question.
Why would a company who is seriously needing an investment advisory person to be invloved in such strategic investment matters have such a cheap skate budget that they have to ask a junior accountant with no exp at all to take a paycut?
Just to add some perspective, I am from a German MNC and the role you just describe is being paid close to 300k now in my co and you are telling me your this local listed company of yours cannot even match your accounting pay?
Something is not geling dude.
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| 13-09-2013 11:58 AM |
| Unregistered |
Relax bro, dont think TS is trying to be funny. He is just naieve and ignorant of market pay levels. I was once like that during my early days.
I know may finance newbies think by joining as an analyst they will be meeting with important people, talk to the business and maybe be invovle in strategic decisions. Of course we all know this is rubbish as likely the job is just some basic research, fill in report templates, chase all the countries for deadline, recut and recut the same number again & again, but I know a lot of youngsters in finance have this kind of fantasy.
Local listed companies are even worse. Very heirachical with some archaic practices such as sending spreadsheets all over the place. They also tend to have lower budgets and cannot afford proper market intelligence and systems, so end up doing a lot of piecemeal patching up of data.
Sometimes youngster just need to experience pain before they wake up. Hopefully he will be smart enough to get out in 2 years, otherwise once kana condem outside of MNC field very hard to get back in.
Quote:
Originally Posted by Unregistered
You are one big joker.
In the previous thread https://forums.salary.sg/income-jobs/...-prospect.html you make a big show about being an MNC accountant and how you are having a dilema taking a 20% paycut to join some local co. as an analyst.
Now from this new story you are telling us you were actually an accountant in this MNC for only fcuking 2 months!?
Sorry just what exactly is so unique about this co or the analyst job to make you quit in 2 months into your job, take a 20% paycut, work longer hours, and damage your CV with a local co? From the way you describe it previously, it sounded just like another typical ops FA&R job. What exactly did they BS you that you are so smitten by them!?
And to address your previous post, an entry level FA&R sai gang job that dont even have the budget to match your current not very high pay you actually say it is comparable to a FO finance job? Is this some sort of a joke? |
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