Assistant Finance Manager Job Description [Updated for 2025]

In the realm of finance, the role of Assistant Finance Managers has never been more crucial.

As the economy evolves, the demand for proficient individuals who can effectively manage, interpret and strategize financial operations escalates.

But let’s delve deeper: What’s truly expected from an Assistant Finance Manager?

Whether you are:

• A job seeker attempting to comprehend the fundamentals of this role,
• A hiring manager outlining the ideal candidate,
• Or simply fascinated by the intricacies of financial management,

You’ve come to the right place.

Today, we introduce a customizable Assistant Finance Manager job description template, designed for effortless posting on job boards or career sites.

Let’s dive right into it.

Assistant Finance Manager Duties and Responsibilities

Assistant Finance Managers assist with a company’s financial goals, objectives, and budgets.

They oversee the allocation of resources and conduct financial planning, strategy, and monitoring tasks.

Their typical duties and responsibilities include:

• Assisting in the preparation of budgets and financial reports, including income statements, balance sheets, tax returns, and reports for government regulatory agencies
• Collaborating with the finance manager in setting fiscal goals and objectives
• Monitoring financial details to ensure legal compliance
• Coordinating with management and staff to prepare budgets and consolidate financial data
• Using financial modeling to simulate financial scenarios
• Presenting financial reports to board members, stakeholders, executives, and clients in formal meetings
• Staying up to date with technological advances and accounting software to be used for financial purposes
• Establishing and maintaining financial policies and procedures for the company
• Recommending cost-reducing solutions
• Assisting in auditing financial information and ensuring all financial transactions are properly recorded

 

Assistant Finance Manager Job Description Template

Job Brief

We are seeking a detail-oriented, thorough, and organized Assistant Finance Manager to join our growing team.

In this position, you will play a key role in managing the finances of our business, including creating financial reports, overseeing accounts payable and receivable, managing budgets and forecasts, and conducting financial risk analyses.

The ideal candidate should have strong analytical skills, exceptional problem-solving abilities, be familiar with all aspects of financial management, and be committed to legally and ethically managing our business finances.

 

Responsibilities

• Assist in the execution of financial management including budgeting, forecasting, auditing, tax, and accounting functions of the company.
• Generate financial reports related to budgets, accounts payable, accounts receivable, expenses, etc.
• Ensure timely and accurate report and account reconciliations.
• Develop strategies to improve financial growth and operational efficiency.
• Assist in the preparation of monthly/yearly closings.
• Assist in preparing budgets or financial forecasting.
• Monitor and analyze financial performance and report on financial status on a regular basis.
• Assist with tax audits and tax returns.
• Ensure compliance with financial and legal regulations.

 

Qualifications

• Proven experience as an assistant finance manager, financial assistant or related role.
• Excellent knowledge of data analysis and forecasting methods.
• Proficient in the use of MS Office and financial management software (e.g., SAP).
• Ability to strategize and solve problems.
• Strong leadership and organizational skills.
• Excellent communication and interpersonal abilities.
• A degree in Finance, Accounting or Economics, professional qualification as a CFA/CPA is considered a plus.

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Assistant Finance Manager
• Work Environment: Office setting with occasional travel for team meetings or client consultations.
• Reporting Structure: Reports to the Finance Manager or Chief Financial Officer.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $65,000 minimum to $100,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What does an Assistant Finance Manager do?

An Assistant Finance Manager usually works under the supervision of a Finance Manager or Director, assisting in various financial activities within an organization.

They can be found in corporations across different industries, financial institutions, or government agencies.

Their main role involves preparing financial reports, budgets, cost reports, and financial plans.

They work closely with other financial staff to ensure accuracy and compliance with regulatory standards in these documents.

They play a significant part in the financial forecasting process by analyzing financial data, identifying trends, and evaluating financial performance against business goals.

The Assistant Finance Manager often assists in the development and implementation of policies and procedures that will improve the financial health of the organization.

They also work with auditors, both internal and external, providing necessary information and ensuring all audits are completed correctly.

Moreover, they may have a role in the management of a company’s cash flow by tracking transactions and regularly reviewing internal reports.

In some cases, Assistant Finance Managers are tasked with supervising employees within the finance department, ensuring they adhere to company policies and meet their job requirements.

They are expected to have strong financial analytical skills, be proficient in using financial software, and be able to effectively communicate complex financial information to non-financial colleagues.

 

Assistant Finance Manager Qualifications and Skills

An Assistant Finance Manager should possess a combination of technical and interpersonal skills to execute their duties effectively.

These skills and qualifications include:

• Strong financial acumen to effectively manage finances, understand financial data, and make strategic financial recommendations.
• Excellent analytical skills to interpret complex financial data and make informed decisions based on this data.
• Strong knowledge of financial systems, processes, and best practices to efficiently manage and execute financial tasks.
• Advanced proficiency in financial software and tools such as Excel, QuickBooks, or other financial planning software.
• Exceptional communication skills to effectively interact with team members, present financial information, and articulate financial strategies.
• Excellent organizational skills to manage multiple tasks, deadlines, and responsibilities.
• Strong attention to detail to ensure accuracy in financial reporting and analysis.
• Problem-solving skills to resolve financial discrepancies and issues that may arise.
• A Bachelor’s Degree in Finance, Accounting, or related field, and preferably, further qualifications such as a CPA or CFA.

 

Assistant Finance Manager Experience Requirements

An Assistant Finance Manager typically requires a minimum of 3 years of experience in a financial analyst or similar role.

This experience may be gained through full-time employment, internships, or in some cases, graduate assistantships during the course of obtaining a relevant Master’s degree.

Candidates should ideally have experience in budgeting, forecasting, and financial analysis.

They should be comfortable working with financial modeling tools and possess strong analytical skills.

Assistant Finance Managers often need to have previous experience in managing people or projects, as the role requires overseeing the work of others and coordinating various financial tasks and reports.

Those with more than 5 years of experience in finance roles, especially if the experience involves managing a team or overseeing large scale projects, are often preferred for this position.

This is due to the managerial aspects of the role that require strong leadership and decision-making skills.

It is also beneficial for candidates to have experience with specific financial software, such as QuickBooks, SAP, or Oracle, and to be familiar with financial regulations and standards in their industry.

In some cases, employers may prefer candidates who have experience in their specific industry, as this can provide valuable context for financial decision-making.

For example, a company in the healthcare sector might prefer an Assistant Finance Manager who has previous experience in healthcare finance.

Certifications such as the Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) can also be beneficial, as they demonstrate a high level of competency and commitment to the profession.

 

Assistant Finance Manager Education and Training Requirements

Assistant Finance Managers typically hold a bachelor’s degree in finance, accounting, business administration or a related field.

They should have a thorough understanding of financial principles and the ability to use financial software.

Knowledge in areas such as budgeting, financial reporting, and risk management is vital.

Some roles may prefer candidates with a Master’s in Business Administration (MBA) or a master’s degree in finance.

The advanced degree provides a deeper understanding of financial management strategies and enhances leadership skills.

Most employers prefer candidates who are Certified Public Accountants (CPA) or Chartered Financial Analysts (CFA), as these certifications indicate a higher level of proficiency in financial management.

It’s also beneficial for an Assistant Finance Manager to have relevant work experience in the finance department.

This can be gained through internships or entry-level positions.

Furthermore, ongoing training is often necessary due to changes in financial regulations and laws.

Thus, a commitment to continuous learning and professional development is highly valued.

 

Assistant Finance Manager Salary Expectations

An Assistant Finance Manager can expect to earn an average salary of $73,653 (USD) per year.

The actual income can vary greatly based on factors such as years of experience in the finance industry, educational background, and the geographic location of the job.

 

Assistant Finance Manager Job Description FAQs

What skills does an Assistant Finance Manager need?

Assistant Finance Managers need to have strong analytical abilities and a solid understanding of financial principles.

They should be proficient in using financial software and have excellent spreadsheet skills.

Interpersonal and communication skills are also important, as they will often need to explain complex financial information to non-financial colleagues.

Leadership and strategic thinking are key skills for this role as well.

 

Do Assistant Finance Managers need a degree?

Yes, most Assistant Finance Managers are required to hold at least a Bachelor’s degree in Finance, Accounting, or a related field.

Many employers prefer candidates who have a Master’s degree in Business Administration (MBA) or a related field.

Some also prefer candidates who are certified public accountants (CPA) or certified management accountants (CMA).

 

What should you look for in an Assistant Finance Manager resume?

In an Assistant Finance Manager’s resume, look for a strong educational background in finance or accounting.

Professional certifications such as CPA or CMA can be a plus.

Also, check for experience in finance roles, preferably with some management or supervisory duties.

Proficiency in financial software and spreadsheet applications is also necessary.

Lastly, look for evidence of key skills such as financial analysis, budgeting, forecasting, and strategic planning.

 

What qualities make a good Assistant Finance Manager?

A good Assistant Finance Manager is a strategic thinker, able to contribute to the long-term financial planning of the organization.

They are detail-oriented and have a high level of accuracy in their work.

They have strong leadership skills and can manage a team effectively.

They are also excellent communicators, able to explain complex financial information in a way that is easily understood by non-financial colleagues.

 

Is it difficult to hire Assistant Finance Managers?

Hiring an Assistant Finance Manager can be challenging due to the specific qualifications and skills needed for the role.

In addition to a strong educational background, the ideal candidate should have significant experience in finance, strong analytical skills, and leadership abilities.

Thus, finding a candidate that fits all these requirements might take some time and effort.

However, with a thorough and well-planned recruitment process, it is possible to find the right fit for the role.

 

Conclusion

So there you have it.

Today, we have delved into the ins and outs of being an Assistant Finance Manager.

And guess what?

It’s not just about crunching numbers.

It’s about shaping financial strategies, one balance sheet at a time.

With our essential Assistant Finance Manager job description template and real-world examples, you’re ready to make your mark.

But why stop there?

Go further with our job description generator. It’s your next step to creating precision-crafted listings or fine-tuning your resume to perfection.

Remember:

Every financial decision contributes to the bigger picture.

Let’s shape that future. Together.

Reasons to Become an Assistant Finance Manager (Navigate Numbers with Ease)

How to Become an Assistant Finance Manager (Complete Guide)

Disadvantages of Being an Assistant Finance Manager (Struggling With Spreadsheet Sorrows!)

Not Your Average Gig: Unusual Jobs That Pay the Bills

Easy Does It: Jobs That Prove You Don’t Have to Work Hard to Live Well!

The High Table: Prestigious Jobs Where Only the Best Sit

Employment Gold Rush: The Hottest Jobs in High Demand