As economies continue to globalize, many companies are now looking for talented professionals and capable managers to help them achieve their business objectives. Account Managers in China, specifically, are becoming increasingly important as they are tasked to stay close with customers and make sure the organization their employed by is operating efficiently.
Over the years, China has seen immense growth in the Account Manager employment sector. Companies and organizations in the country are looking to capitalize on the country’s numerous foreign and domestic investments and are keen to employ professionals equipped with the skills needed to ensure these investments yield the intended results. Accounting Managers in China are viewed as business specialists with the capacity to oversee financial plans, implement strategies, and ensure profitability. For this reason, Account Manager demands in China have grown and the field is seen as a very attractive and promising career path for prospective job-seekers.
The demand for Account Managers in China is further strengthened due to the growing presence of international firms in the country. Many foreign enterprises now operate in the country, whether through joint venture, partnership or wholly owned operations and they are seeking professionals with Account Management experience – in short, they are looking for potential Account Managers in China. A major market for Account Managers in China, however, is the online and digital space with the likes of Baidu, Alibaba, and Tencent requiring capable individuals to help manage their financials.
Advantages of A Career In Account Management In China
Working as an Account Manager in China offers a wealth of advantages. Working with employers from all over the globe, Account Managers have the unique opportunity to apply their knowledge of diverse business operations. Their expertise is sought after by varied businesses which come in all shapes and sizes, providing an exciting working environment to develop their skillset.
Account Managers in China also benefit from the country’s immense population. By virtue of their employment, Account Managers can network with people from different backgrounds and gain a genuine understanding of the cultural complexities of the country and its people. This perspective and knowledge can help Account Managers develop a more holistic approach to their work, enabling them to take better decisions when it comes to advising their employers on financial matters.
Moreover, being an Account Manager in China allows one to bring about positive change within the organization the are employed by. By helping an employer to bring about improvements in efficiency, cost-savings, and profitability, Account Managers in China can play an integral role in the overall success of any enterprise.
Duties and Responsibility of Account Managers
Central to the duties and responsibilities of Account Managers in China is the need to ensure that financial information is handled in a timely and accurate manner. This includes preparing and filing monthly statements, balance sheets, and other reports in compliance with required regulations and business practices. Account Managers also need to maintain expenditure records as part of their duties.
Account Managers in China are also often tasked with coordinating budget preparations, aiding in forecasting, and working toward achieving cost-savings within their organizations. They need to be well-informed on the latest developments in tax regulations and business laws in China and be able to provide advice and support on related matters when needed.
In addition, Account Managers in China are often responsible for finding new sales opportunities for their employers. This involves creating complex spreadsheets outlining the business’s projected income, analyzing financial trends, and offering strategic solutions related to increasing profits. Account Managers also have the responsibility of working with clients and suppliers to ensure payments are made on time and any contractual matters are taken care of.
Account Management Salaries in China
The remuneration of Account Managers in China can be strikingly disparate, determined by various factors such as expertise, credentials and the employer. On average, most professionals in this sector tend to make between RMB 6,000 and 8,000 per month, although there may be those with more prowess that may realise significantly higher incomes. Moreover, they may be entitled to variable compensations based on their achievements, comprising of shares, bonds, capital subsidies and other intangible incentives, along with the possibility of procuring a part of the company as the proprietor through a long-term role. Nevertheless, even though these roles are highly sought after, for those seeking to pursue a job as an Account Manager in China, the process may often become a cumbersome undertaking, due to the heavy competition. Fortunately, a plethora of job portals, like HiredChina, offer job-seekers invaluable assistance in discovering their desired role.