Are you looking for your first career opportunity in all round accounts and think working as a Finance Assistant is the right opportunity for you? Or have you spent several years in an accounting role and looking for a new challenge? Working as a Finance Assistant can open many doors to new opportunities and the prospects of a thriving Financial career with potential of huge progression.
What makes a good Finance Assistant?
First and foremost a Finance Assistant much be good working with numbers and have excellent attention to detail. Working within the Finance function of an organisation you will be responsible for all number within your allocated tasks are correct and you are able to spot and rectify any issues quickly.
Finance Assistants need to be good time managers due to the workload and deadlines that come with a career in accounts. A Finance Assistant will have a number of senior colleagues who will be reliant on the completion of certain tasks in order to process their work therefore it is crucial to have the ability to prioritise where needed and work efficiently to meet regular working deadlines.
A Finance Assistant will work as part of a finance team and will work closely with more senior finance professionals within an organisation therefore, will need to be good communicators to discuss and report back with financial figures and understand the importance of each task making it easier to prioritise at busy periods.
Being an Analytical thinker is a very important quality for a successful Finance Assistant in order to look at figures and spot any issues, problem solve and understand how in a business sense they can be improved where needed. It is a key part of the job to understand what a business needs and how numbers can tell that story.
Some Key Responsibilities of a Finance Assistant
- Prepare financial reports and spreadsheets showing important figures
- Assist other members of the finance department with employee’s payroll
- Report to management with any financial issues discovered or troubling discrepancies
- Create and send invoices and follow up where needed
- Assisting senior finance professionals with reports
- Take responsibility for smaller accounts
- Preparation of balance sheets
- Bank reconciliations
- Provide support during month-end and year-end
Finance Assistants are key members of the Finance team and are highly appreciated by senior finance within an organisation. This role is an important step in your finance career giving the opportunity to learn and work within each aspect of the accounts function in the business. Career progression can lead to Finance Management roles, not stopping there the sky really is the limit following a success as a Finance Assistant.
Employers are often looking for candidates that are AAT qualified or studying towards this. Other desirable qualifications include ACCA, BA Hons in Mathematics & Accounting and CIMA. There are many ways to obtain these qualifications in order to fit round your day to day schedule.
Learn more about these qualifications here:
Finance Assistant’s average annual salary in the East Midlands - £ 18-21K however this does vary depending on the organisation.