Explore the critical requirements, core duties, primary responsibilities, and key skills that should be included in a comprehensive Finance Associate job description.
What does a Finance Associate do?
A finance associate is responsible for managing and reviewing financial information. They handle account records, process transactions, and analyze financial data. They also provide advice to senior managers and internal departments to ensure that financial regulations are being followed.
Job Description
We are seeking a detail-oriented finance associate to support our finance manager with day-to-day financial tasks. This role involves managing account records, updating financial reports, and preparing financial data for audits, reviews, and taxes.
To be successful as a finance associate, you should have a strong understanding of financial management best practices and previous experience in a similar role. The ideal candidate will have the skills to produce accurate financial reports and effectively manage accounts.
Job Duties and Responsibilities
- Assisting with creating operating budgets, financial statements, and reports.
- Processing business forms, checking account balances, and approving purchases.
- Providing guidance to other departments on fiscal procedures best practices.
- Managing account records, creating invoices, and handling payments.
- Working with internal departments to resolve any accounting discrepancies.
- Analyzing financial data and assisting with audits, reviews, and tax preparations.
- Updating financial spreadsheets and reports with the latest information.
- Reviewing existing financial policies and procedures to ensure compliance with regulations.
- Assisting with payroll administration.
- Keeping accurate records and documenting financial processes.
Requirements and Qualifications
- Bachelor's degree in finance, accounting, or a related field.
- At least 2 years of experience as a finance associate.
- Proficiency in financial management software, such as FreshBooks and NetSuite.
- In-depth knowledge of accounting standards, fiscal procedures, and tax codes.
- Strong attention to detail.
- Excellent collaboration and communication skills.
- Effective problem-solving and analytical abilities.
- Organizational and time-management skills.
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