Finance Associate Job Description

What is a Finance Associate?

Finance associates are responsible for a broad range of basic financial functions, including managing accounting duties and providing financial expertise. They offer guidance and advice on long-term financial decisions and strategic plans, using metrics and data analytics to support their positions. They are often enlisted to participate in discussions and decision-making related to budgets, investments, and other financial matters. By staying well-informed of historical trends and current economic activities, they can formulate educated predictions to guide future planning. They may also perform basic accounting and budgeting tasks.

Finance associates typically have at least a bachelor’s degree in finance, accounting, or a business field. Proficiency in common office and accounting programs like Excel and QuickBooks is usually required. They must be highly organized, detail oriented, and able to manage multiple complex projects simultaneously.

Finance Associate Job Description Template

Job Overview

Responsibilities for Finance Associate

  • Assist with answering phones, directing calls to appropriate personnel, taking messages and assisting with general inquiries.
  • Lead, as well as participate, in process improvement efforts (Six Sigma).
  • Assist with data gather and support of tax audits.
  • Assist in month-end account reconciliations, including banks and credit cards.
  • Support the development, testing and delivery of systems improvement initiatives.
  • Set up appointments to discuss clients' current financial situation.
  • Conduct extensive fact-finding to uncover long-term goals that use to help determine clients' needs.
  • Prepare all necessary documents for clear transfer of property ownership.
  • Assist all other escrow locations with their job duties as needed.
  • Support the team with various daily clerical and administrative related data entry.
  • Prepare, reconcile and update monthly management reports and monitor for variances over/under budget line items.
  • Assist with evaluation of efficiency and effectiveness of internal controls in selected business areas.
  • Assist with imaging and filing of documents, plus other miscellaneous projects, as needed.
  • Develop and monitor divisional budgets for management information and reporting purposes.
  • Review and approve invoices and backup documentation for goods and services purchased.
  • Support performance and key initiatives to help drive growth and profitability within the territories.
  • Prepare letters for analysts and obtain copies of invoices for customers, as requested.
  • Partner with the investment team in preparing the financial contents of prospective acquisition bid letters and investment committee materials.
  • Gain exposure to SEC financial reporting and government contract compliance requirements.

Qualifications for Finance Associate

  • Bachelor's or Graduate's Degree in accounting, business, business administration, business information systems, computer science or information technology, or equivalent experience.
  • A critical thinker, leader, and problem solver with strict attention to details.
  • Strong computer literacy and time management skills.
  • Demonstrated solid work ethic and confidence on the job as well as high tolerance for instructing and assisting.
  • Prior experience in a consulting position.
  • Experience with business case development, requirements gathering and general ledger.

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Employers: How to Write Great Job Descriptions

  • Be sure to mention requisite years of experience and educational requirements
  • Tell job seekers what's unique about your company and job
  • Ideal length is a few paragraphs or about 200 words
  • Make sure to use appropriate paragraph breaks and bullet points so it's easy on the eyes
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