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Umecit – University in Panama

Accounting Careers: 5 of the Best Accounting Jobs in Panama

Accounting careers and jobs are some of the oldest in the world. There are many students enrolled each year in careers or graduates and also many graduates. But this does not mean that accounting jobs are scarce, quite the contrary: Panamanian job portals and those of all countries are full of job offers for accounting graduates and students. There are many different careers within the same branch of the exact sciences that will allow you to access different jobs. Let's look at the top 5 accounting jobs available in Panama.

Accountant: the first option for accounting jobs in Panama

Accounting may naturally be the first profession that comes to mind if you think of jobs in the accounting field. To develop as an accountant, one must study the Bachelor's Degree in Accounting, which will train you in the design of administrative systems, use of computer equipment, accounting processes, legislation related to the application of employment, planning of economic and financial activities, etc. 

The public accountant may work as a freelancer, keeping accounts for private clients, or within a company, understanding its operations and remuneration, that is, how much it earns, how much it loses, how much capital it has available, the monitoring of objectives and its growth, managing the collections, issuing checks and invoices, among other activities, which are included in having a comprehensive view of the company so that it can come to fruition, translating the data into reports for managers or owners. At the same time, an accountant can also offer accounting expertise to justice. There are so many possibilities for an accounting professional!

Work as a broker or stockbroker

Being a broker or stockbroker is a great profession for those who enjoy financial analysis and speculation, as well as working under pressure. His work starts from the moment a client arrives wanting to make a good investment in securities or shares. The stockbroker will advise this client on the best decision he can make in his circumstances, previously studying the trends of the stock market. Then, you will manage your client's securities portfolio and register and execute purchase and sale orders for shares or other securities. Then the stockbroker will receive his due commission from the operation, since his salary has a fixed and a variable part, depending on the operations he does and their respective monetary values.

The prices of the financial markets fluctuate and change all the time, so the stockbroker must be quick and assure his client that he will have the best possible investment.

To be a stockbroker, you need to study the Bachelor´s Degree in Banking and Finance, which will provide you with the necessary knowledge about systems, banking markets, financial resources and sources of investment, as well as subjects on economics, management and administration. If finance, client guidance and counseling, and business strategy are your thing, this is the career (and later profession) for you. 

Accounting Analyst, another job alternative

An accounting analyst could be described as the accountant's right-hand man. This performs the tasks related to the accounting accounts of the company, such as receiving invoices, processing check requests and purchase orders, preparing budget accounting reconciliation, monitoring the budget, collaborating in the analysis of accounting accounts. , performs bank reconciliations, manages the specific software for that activity and proposes ideas, actions or offers opinions in order to improve all these processes, so that the company can develop its accounting in the best way.

It is an ideal position for students of the Accounting, Economics or Administration Degree. It is also a position that adapts to the intermediate title of Accounting Technician (upon reaching a level of the Bachelor of Accounting degree) offered by the Metropolitan University of Education, Science and Technology.

Purchasing assistant, one of the first accounting job options in Panama

If you are looking for an accounting job but with a communication branch, the purchasing assistance will surprise you. A purchasing assistant is in charge of carrying out all the procedures that will conclude with the company being supplied with the products it needs. For this, the worker (usually a Business Administration or Business Administration graduate) must study the market and communicate effectively with suppliers to obtain the best deal, that is, to obtain the best product at the best possible price. 

At the same time, you should analyze the demand and the output of these products, since it is not the same to be a purchasing assistant in a hospital than in a clothing company. Another very important variant that must be analyzed is the situation of the country, to decide if it is time to stock up, usually before a price increase (as long as the product can be stockable). So it is also a work of speculation.

After obtaining the product, comes the evaluation stage, where the worker must put under the magnifying glass the service of the suppliers, the quality of the product and the reaction of the clients in front of it. This will allow you to know in which direction future purchases you make should go. Have you already considered this position?

Is Treasurer the best accounting job in Panama?

The treasurer is a very important role in any business organization. The employee in charge of the treasury manages the funds and financial movements of the company, for which he is in charge of banking operations, payment to suppliers, payment of salaries to employees, movements of the company's cash register , among other tasks, which will be reported to the rest of the organization's board of directors, whether for-profit or non-profit. The treasurer is the fundamental piece in a company so that all the accounts are closed and there are no losses or, in case of perceiving losses, knowing how to get the organization back on track so that it continues to function.

Did you already know these 5 accounting jobs?