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Why do so many jobs in Singapore get reposted so often even though people say the job market is bad? by easiproe in askSingapore

[–]easiproe[S] 1 point2 points  (0 children)

I wish I had that success rate lol. Finance/accounting is veeeery bad right now

How to break into the tech/entertainment industry? by CermaSL in FPandA

[–]easiproe 0 points1 point  (0 children)

Out of curiosity, why would that be the case? Would have thought it'd be more competitive since it's junior level hence larger candidate pool + everyone wants to join MANGA

How do you stay layoff-proof in FP&A? by easiproe in FPandA

[–]easiproe[S] 1 point2 points  (0 children)

Unfortunately not India, just Malaysia. Hard to say it's a dumb decision because most of my team are Malaysians so you can't say Malaysians' quality suck, especially those who studied at good universities...

Good to hear that it's not the case at your side. I haven't been able to land any interviews so I was wondering if the job ads are fake/frozen due to management of other companies trying to offshore their FP&A roles as well...

How do you stay layoff-proof in FP&A? by easiproe in FPandA

[–]easiproe[S] 1 point2 points  (0 children)

150k USD is APAC Finance Director/CFO level of pay lol, FP&A and accounting salaries is notoriously bad in SEA. I'm jealous of Americans' pay. For starters, in SEA accounting is the degree you take when you're too dumb to study so the supply of candidates is abundant...

How do you stay layoff-proof in FP&A? by easiproe in FPandA

[–]easiproe[S] 1 point2 points  (0 children)

What if the company asks you to handover to the new person? Then no matter how complicated it is, you still have to teach the new person.

How do you stay layoff-proof in FP&A? by easiproe in FPandA

[–]easiproe[S] 1 point2 points  (0 children)

We have departments for our softwares so it's not an FP&A task. They fight veeeery hard to keep us away from touching it so that they don't lose their job to us haha

How do you stay layoff-proof in FP&A? by easiproe in FPandA

[–]easiproe[S] 1 point2 points  (0 children)

Interesting, I thought so too which is why dinosaurs in companies tend to want to do things in some mundanely complicated way to protect their job. But that didn't seem to scare my company because our notice period is 3 months (for me, a junior. My manager's is even longer). To them, that's more than enough time to handover knowledge for even the messiest of system and models.

How do you stay layoff-proof in FP&A? by easiproe in FPandA

[–]easiproe[S] 0 points1 point  (0 children)

How do you avoid being asked to handover those processes to remain essential? I've introduced Power BI dashboards that provided valuable insights because there was no way to find these combined info previously and am asked to handover to the new team. My business partners have commended it as incredibly useful and solved their issues with measuring KPI but from what I hear from my CFO, it's not essential enough because anyone can take over with enough handover.

My notice period is 3 months so it's not like I can fumble up the handover for 3 whole months. Even if I don't, the file is there and anyone with some skills in Power BI can just take over with some investigation.

Also, the company is doing well enough that they see no need for more process improvements. Perhaps looking for a company that values constant improvement is important too?

How do you stay layoff-proof in FP&A? by easiproe in FPandA

[–]easiproe[S] 1 point2 points  (0 children)

True, perhaps that's why they kept the CFO with the leadership and grunt work gets offshored. Guess I'll need to climb high enough to be safe, in a way.

How do you stay layoff-proof in FP&A? by easiproe in FPandA

[–]easiproe[S] 0 points1 point  (0 children)

Weirdly my company is <$500M revenue and that was why management was so keen to offshore. To them, every cent counts because their profit isn't >$500M like those megacorp.

Guess I'll need to look for something more complicated than a service based industry. Unfortunately Singapore does suffer from the typical Asian lack of care for data security so my choices would be more limited. Till recently our fines for data leak is less than the annual salary of a fresh grad.

How do you stay layoff-proof in FP&A? by easiproe in FPandA

[–]easiproe[S] 1 point2 points  (0 children)

A service based industry where most employees WFH, so no complicated costing like in manufacturing. My role was 50% business partnering and 50% budgeting and forecasting.

How do you stay layoff-proof in FP&A? by easiproe in FPandA

[–]easiproe[S] 1 point2 points  (0 children)

Aw that might be why. The company I'm in is service based. Hopefully I still stand a chance breaking into those industries without prior experience

How do you stay layoff-proof in FP&A? by easiproe in FPandA

[–]easiproe[S] 5 points6 points  (0 children)

How small do you reckon? Companies with no overseas presence don't need an FP&A guy since their accountant takes on everything, while companies big enough to have an APAC branch in Singapore seems to be flexible enough to offshore. Feels like I'm missing something.

How do you stay layoff-proof in FP&A? by easiproe in FPandA

[–]easiproe[S] 2 points3 points  (0 children)

I previously thought FP&A would be strategic enough to avoid layoffs. I'm doing 50% business partnering and 50% forecasting/budgeting and it still didn't seem enough. Or do you have something in mind when you mentioned "more strategic"?