Tech-capable Accounting Solution Executive
The tech-capable accounting solution executive manages the client’s accounting needs, from bookkeeping to payroll and tax. The role is augmented by RPA and other technology solutions which automates many of the transactional tasks being carried out.
How this role is evolving
Skills Implication
New Knowledge and Ability
Work Functions | Skills impacted | New Knowledge | New Ability |
---|---|---|---|
Perform accounting services | Digital Literacy (RPA) | RPA software (e.g. UiPath) | 1. Understand limitations of RPA 2. Be able to spot common errors and report issues appropriately 3. Execute RPA scripts assigned |
RPA Management | Digital Literacy (RPA) | RPA software (e.g. UiPath) | 1. Troubleshoot and/or debug simple errors to produce desired output 2. Intergate RPA script to client’s context |
Perform additional financial services* | Financial statement analysis | Ratios for profitability and performance | 1. Perform tasks related to accounting solutions 2. Process business transactions and reports using information technology tools 3. Identify client needs for accounting solutions 4. Stay relevant to the different accounting solutions available |
Payroll processing | Payroll process | ||
Corporate secretary compliance | Corporate secretarial process | ||
Tax compliance | Tax filing process | ||
Client management | Stakeholder management | Stakeholder relations in project management | 1. Analyse and interpret feedback with appropriate techniques 2. Address mismatched areas of expectations and refer to relevant project authorities for advice |
Business acumen | Latest global developments, regulatory and legal requirement of client’s industry | 1. Assess the relevance of regulatory and legal requirements to the clients’ financial reporting |
*The expectation is for the accounting solution executive to pick up each of these skills over time, with guidance from more experienced members of the team.
Interaction Mapping
Future (Tech-enabled Bookkeeper)
*RPA champion can be an independent role or subsumed under the Senior Accountant role depending on the organisation context.