We spoke to Calvern Tan, manager and senior executive search consultant for accountancy and finance at Adecco Singapore, about current hiring trends and industry-specific interview questions. She shares her insights here.
Can you share on the current hiring trends for your particular industry of expertise? What are employers looking for, what’s the industry outlook, and what are the skills they are prizing?
Calvern: Singapore’s accountancy and finance sector remains robust and driven by regulatory changes and the country’s position as a financial hub. One major shift is the implementation of updated Singapore Financial Reporting Standards [SFRS(I)] in 2024. These standards will cover reporting liabilities, supplier financing, and handling global tax reforms. This means professionals must stay sharp and adaptable to manage evolving compliance demands.
Employers are looking for more than technical skills. There’s a growing demand for professionals with knowledge of data analytics, ESG (Environmental, Social, and Governance) reporting, and even AI tools used in finance. Certifications like CPA and ACCA remain highly valued, but soft skills like critical thinking, flexibility, and collaboration are becoming just as important, especially in today’s fast-changing landscape.
Salaries are also shifting. The Big 4 firms, like Deloitte and KPMG, offer starting pay between $4,100 and $4,500, with structured career development programmes in place. They’ve also rolled out pay increases across various levels.
What are some of the industry-specific questions that tend to be asked during interviews in your industry, and how are they best answered?
In interviews, it’s common to be asked how you stay current in a field that changes quickly. A good answer might include subscribing to industry updates, attending webinars, or pursuing certifications. These show that you’re proactive and serious about staying relevant.
Another popular question is how you manage tight deadlines or juggle multiple projects. A solid response includes a real example—maybe during the financial year-end—of how you prioritised tasks, coordinated with your team, and delivered results without compromising quality.
If asked about tools, don’t just list them. Share how you used software like Microsoft Excel or accounting platforms to improve workflow, automate processes, or reduce errors. This demonstrates both technical know-how and practical value.
Are there any particular jobs in your industry that also have very specific questions, and how are they best answered?
Yes, many roles come with their line of questions. If you’re applying for a financial reporting role, you may be asked how you handled revenue recognition under specific standards like SFRS(I) 15. It’s helpful to briefly explain the rule, then explain how you applied it in a real-world context.
For tax roles, you might be asked about using tax incentives or how you’ve helped optimise a company’s tax position. Mention the scheme you used and its impact on the business.
Treasury-related interviews may focus on how you manage cash flow or handle currency risks in multinational settings. In audit or compliance roles, expect questions on keeping up with changing regulations and ensuring strong internal controls. Always link your answer to real examples and highlight the results.
Are there any situational questions that tend to be asked for your industry, and how are they best answered?
Situational questions are common, especially those that test how you handle pressure, adapt to change, or deal with mistakes. Using the STAR method—Situation, Task, Action, Result—is a simple and effective way to structure your answer.
For example, you could describe when a deadline was at risk, how you adjusted your plans or worked with colleagues, and how the project was delivered successfully. These stories show your ability to stay calm, think clearly, and get things done.
If you’ve worked on new areas like ESG reporting or digital tools, bring those up. They show that you’re forward-thinking and open to learning.
Are there any technical or skill tests (written, hands-on or project) that could be accompanied with an interview has part of the hiring process for any roles in your industry? What are they usually like, and what is the best way to approach them?
Yes, many employers include assessments to test practical skills. These could be case studies, Excel tasks, or short written reports. Some might test your ability to spot financial errors or simulate a real-world scenario to see how you’d handle it.
The best way to prepare is to revisit key concepts, practise using tools you’d typically use on the job, and stay updated on the latest standards. Read the brief carefully during the test, plan your time, and focus on presenting your answers clearly.
These tests aren’t meant to trip you up—they’re chances for employers to see how you think and work. Stay calm, show your approach, and let your experience come through.
This article was done in collaboration with Adecco.
