Financial Accountant I Salary in Singapore

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How much does a Financial Accountant I make in Singapore? The average Financial Accountant I salary in Singapore is S$50,723 as of March 23, 2021, but the range typically falls between S$40,730 and S$61,374. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.

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Global Market Data
50TH(Median) S$50,723 25TH S$40,730 75TH S$61,374

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Skills to Boost a Financial Accountant I Salary

Mastering key skills can significantly increase your earning potential as a Financial Accountant I. According to Salary.com's Real-time Job Posting Data, expertise in Analysis can lead to a 5% salary raise, while strong Bookkeeping skills boost pay by a 1%.

Skill Library evaluates talent skills across five levels, supported by 5-10 behavior indicators, delivering precise insights for data-driven hiring decisions.
Analysis
Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Bookkeeping
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. Bookkeeping is the work of a bookkeeper (or book-keeper), who records the day-to-day financial transactions of a business. They usually write the daybooks (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc.—and the general ledger. Thereafter, an accountant can create financial reports from the information recorded by the bookkeeper.
More Skills...
Based on recent job listings, in-demand skills in the Financial Accountant I field include Analysis (5%), and Bookkeeping (1%). These skills reflect current market needs.
Skills Salary Demand
Skill & Salary Demand
Analysis S$53,259
Analysis
S$53,259
5%
Bookkeeping S$51,230
Bookkeeping
S$51,230
1%
Analysis
6.83%
Bookkeeping
6.09%
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About Singapore

Singapore (/ˈsɪŋ(ɡ)əpɔːr/ (About this soundlisten)), officially the Republic of Singapore, is a sovereign island city-state in maritime Southeast Asia. It lies about one degree of latitude (137 kilometres or 85 miles) north of the equator, off the southern tip of the Malay Peninsula, bordering the Straits of Malacca to the west, the Riau Islands (Indonesia) to the south, and the South China Sea to the east. The country's territory is composed of one main island, 63 satellite islands and islets, and one outlying islet, the combined area of which has increased by 25% since the country's independ...
Source: Wikipedia (as of 03/22/2021). Read more from Wikipedia

Understand the base salary paid range for a Financial Accountant I in Singapore

Average Base Salary

Core compensation

40730
61374
50723
The chart shows the base salary for Financial Accountant I ranges from S$40,730 to S$61,374 with the average base salary of S$50,723. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation. The base salary of the Financial Accountant I may get paid difference by industry, location, and factors.

Financial Accountant I Frequently Asked Questions in Singapore

What is the salary range for a Financial Accountant I in Singapore? What is the average hourly rate?

The average salary for a Financial Accountant I in Singapore is S$50,723 per year. The salary range for a Financial Accountant I is between S$40,730 and S$61,374. While we are seeing hourly wages as high as S$30 and as low as S$20, the majority of Financial Accountant Is are currently paid an average of S$24 in Singapore. The average salary pay range for a Financial Accountant I can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for a Financial Accountant I in Singapore can differ based on any or all of these varying factors. March 23, 2021 salary.com )
Why should you negotiate salary for a Financial Accountant I role? What are effective negotiation strategies?

Most hiring managers in Singapore expect job candidates to negotiate salary. By doing this you will demonstrate that you are confident in your abilities and comfortable taking initiative which are traits that are beneficial for almost any role. You should try to negotiate the highest starting salary of the Financial Accountant I position that you can in Singapore. This starting salary of the Financial Accountant I position will become the basis for all future increases while you are employed at the firm. A lower starting salary will result in smaller raises, even if the % increase is large, so try to maximize that starting base salary amount.
Once you have received an offer of the Financial Accountant I position in Singapore, ask for a little time to consider it. Research salary levels for the position so you will know what range of salary is applicable for your job and location. Emphasize any special skills, experience, certifications, or credentials that you have. Point out past accomplishments that will be useful in the role. Suggest a salary that is slightly higher than your target, this will give you room to negotiate a lower amount but still meet your needs. March 23, 2021 salary.com )
How do you evaluate the advantages, opportunities, and salary for a Financial Accountant I role located in large metropolitan city or in a small town?

Start your evaluation by defining the most important aspects of the job and the overall lifestyle you can expect based on the location. The higher salary range of a Financial Accountant I in the Singapore can be one of the reasons you are attracted to a position in a large city, but keep in mind that differences in the cost of living usually result in higher living expenses and less disposable income. a Financial Accountant I job in a large city of the Singapore may offer a more varied experience, and greater opportunities for career progression, but may require long commutes or extended work hours. A large city in the Singapore also provides more opportunities for entertainment and other activities. On the other hand, a non-metro location may offer lower salaries and fewer opportunities but have more affordable living expenses, shorter commute times, and other advantages. Consider these factors before you decide which Financial Accountant I job is right for you. March 23, 2021 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap
Last Update: March 23, 2021