Who is a Finance Associate ?
A finance associate performs various financial and accounting tasks, such as preparing budgets and financial reports, offering advice on fiscal procedures, managing accounting records, handling payments, and preparing payroll documents. These professionals understand the intricacies of finance and accounting and are comfortable working with numbers. Finance associates work closely with senior or executive teams, advising them on different reports, best practices, and relevant accounting and financial data. Hours vary based on the employer, but most finance associates work nine-to-five schedules.
What does a Finance Associate do?
Finance associates assist with a company or department’s yearly operating budget. This includes developing, analyzing, and interpreting statistical and accounting information to evaluate operating results in terms of profitability and performance against budget.
Finance associates often prepare reports that outline the company’s financial position regarding income, expenses, and earnings based on past, present, and future operations. This includes revising and updating reports to be more useful and efficient and furnishing external reports as necessary.
Job brief
We are looking for a detail-oriented finance associate to assist our finance manager with day-to-day financial procedures. You will be managing account records, revising and updating financial reports, and preparing financial data for audits, reviews, and taxation.
Responsibilities
- Assisting with the preparation of operating budgets, financial statements, and reports.
- Processing requisition and other business forms, checking account balances, and approving purchases.
- Advising other departments on best practices related to fiscal procedures.
- Managing account records, issuing invoices, and handling payments.
- Collaborating with internal departments to reconcile any accounting discrepancies.
- Analyzing financial data and assisting with audits, reviews, and tax preparations.
- Updating financial spreadsheets and reports with the latest available data.
- Reviewing existing financial policies and procedures to ensure regulatory compliance.
- Providing assistance with payroll administration.
- Keeping records and documenting financial processes.
Key requirements
- Bachelor's degree in finance, accounting, or in a related field.
- At least two years' experience working as a finance associate.
- Proficiency in integrated financial management software, such as FreshBooks and NetSuite.
- Extensive knowledge of accounting standards, fiscal procedures, and applicable tax codes.
- Exceptional attention to detail.
- Excellent collaboration and communication skills.
- Great analytical and problem-solving abilities.
- Superb organizational and time-management skills.
