Finance Assistant Job Description [Updated for 2024]

finance assistant job description

In the fast-paced world of finance, the demand for skilled Finance Assistants has never been greater.

As the financial landscape evolves, the need for proficient individuals who can manage, interpret, and safeguard our financial infrastructure grows stronger.

But what exactly is expected from a Finance Assistant?

Whether you are:

  • A job seeker trying to understand the nuances of this role,
  • A hiring manager constructing the profile of the ideal candidate,
  • Or simply curious about the intricacies of finance,

You’re in the right place.

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

Let’s delve right into it.

Finance Assistant Duties and Responsibilities

Finance Assistants play a crucial role in an organization’s financial department, providing support to finance managers and executives with a range of tasks.

They are involved in managing, processing and troubleshooting various accounts and transactions.

The duties and responsibilities of a Finance Assistant include:

  • Assisting in the preparation of budgets and financial reports
  • Managing records and receipts
  • Reconciling daily, monthly and yearly transactions
  • Processing invoices and ensuring that costs and revenues are recorded accurately
  • Supporting the Finance Manager and executives with projects and tasks when required
  • Preparing balance sheets
  • Processing tax payments and returns
  • Ensuring financial transactions are properly recorded and entered into the computerized accounting system
  • Providing customer service to clients related to finance or billing issues
  • Assisting with audits, fact checks, and resolving discrepancies


Finance Assistant Job Description Template

Job Brief

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

In this position, you will play a key role in managing the financials of our business, including creating financial transactions and generating relevant reports.

Your duties will include processing payments, maintaining cost reports, managing invoices, and ensuring the smooth running of the entire financial department.



  • Assist in managing company ledgers
  • Coordinate and execute financial transactions and activities, such as bill payments, invoices, expense reimbursements and bank deposits
  • Prepare and deliver accurate financial reports
  • Manage company budget and financial plans
  • Keep accurate records for all daily transactions
  • Participate in financial audits and assist in the preparation of financial statements
  • Ensure data integrity in all financial reporting
  • Update financial spreadsheets with daily transactions
  • Review and file payroll documents
  • Participate in quarterly and annual audits



  • Proven work experience as a Finance Assistant, Finance Officer or similar role
  • Good knowledge of accounting and bookkeeping procedures
  • Advanced MS Excel skills (creating spreadsheets and using financial functions)
  • Familiarity with accounting software (e.g. QuickBooks)
  • Organizational and time-management skills
  • Attention to detail, with an ability to spot numerical errors
  • BSc degree in Finance, Accounting or Economics



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


Additional Information

  • Job Title: Finance Assistant
  • Work Environment: Office setting with options for remote work. Some travel may be required for team meetings.
  • Reporting Structure: Reports to the Finance Manager.
  • Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
  • Pay Range: $40,000 minimum to $60,000 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 a Finance Assistant Do?

Finance Assistants work primarily in the financial departments of organizations, aiding finance managers and executives with a range of tasks related to financial planning, reporting, and operations.

Their primary responsibilities may include processing invoices and expense forms, maintaining financial records, assisting with budget preparation, and conducting financial analysis.

They also ensure all financial transactions are properly recorded in the accounting systems.

Finance Assistants may also be tasked with preparing financial reports, managing petty cash transactions, and reconciling bank statements.

They often work closely with other departments within the organization to ensure that all financial operations run smoothly.

In addition, they may help with payroll processing, ensuring employees are paid correctly and on time.

Their role is critical in ensuring that the financial aspects of the business are accurately maintained and reported, ensuring transparency and integrity in the financial reporting of the organization.

Finance Assistants also help in ensuring compliance with financial regulations and standards, and may assist in internal and external audits.

They might also provide administrative support, such as answering phones, filing paperwork, and liaising with clients and vendors, when necessary.


Finance Assistant Qualifications and Skills

A proficient Finance Assistant should have the skills and qualifications that align with your job description, including:

  • Strong numerical and mathematical skills for handling various financial tasks, including calculations, budgeting, and financial reporting
  • Proficiency in financial software and Microsoft Office Suite, particularly Excel, to manage and maintain financial records and databases
  • Excellent organizational skills to handle multiple tasks concurrently while maintaining a high level of accuracy and attention to detail
  • Strong analytical skills for assessing financial data, identifying trends and making appropriate recommendations
  • Communication skills for discussing financial matters with colleagues and superiors, preparing financial reports, and participating in financial meetings
  • Interpersonal skills for working effectively with other team members and departments
  • Understanding of financial laws and regulations to ensure the organization is in compliance
  • Problem-solving abilities to identify and address financial issues or discrepancies


Finance Assistant Experience Requirements

Finance Assistant candidates are typically expected to have at least 1 to 2 years of experience in an accounting or financial role.

This experience can be gained through internships, part-time roles, or entry-level positions within finance departments.

In these roles, they may have gained experience in tasks such as bookkeeping, data entry, financial reporting, and use of financial software systems.

Familiarity with these tasks and systems is often a key requirement for Finance Assistant roles.

Candidates with more than 3 years of experience may have had the opportunity to develop more specialized skills such as financial analysis, auditing, and budgeting.

They may also have gained experience in specific sectors or industries, which can be beneficial for certain Finance Assistant roles.

Those with 5 years or more of experience in finance may have held supervisory or team lead roles, and may be well-equipped to handle more complex tasks or manage junior staff.

A background in this area can also open doors to more senior positions within a company’s finance department.


Finance Assistant Education and Training Requirements

Finance Assistants typically require a minimum of an associate’s degree in finance, accounting, or a related field.

This degree provides them with the fundamental understanding of financial concepts, accounting procedures, and business principles.

In addition to the degree, having a solid knowledge in using financial software and spreadsheet applications is essential.

Familiarity with systems such as QuickBooks, Excel, and other financial management software can be beneficial.

Many employers prefer finance assistants who have previous work experience in accounting or financial administration.

Therefore, internships or part-time jobs in these fields during college could be advantageous.

For more senior roles or specialized positions, a bachelor’s degree or higher in finance or accounting may be required.

These advanced degrees delve deeper into financial analysis, investment strategies, and risk management.

Continuing education and certification are also valued in this field.

Certifications such as the Certified Management Accountant (CMA) or Certified Public Accountant (CPA) can demonstrate a candidate’s dedication to the field and can provide them with a competitive edge.

Finally, finance assistants must have strong mathematical, analytical, and problem-solving skills.

They should also be detail-oriented and have the ability to handle confidential information responsibly.


Finance Assistant Salary Expectations

The average salary for a Finance Assistant is $40,605 (USD) per year.

The actual compensation may differ based on factors such as experience, qualifications, location, and the organization for which they work.


Finance Assistant Job Description FAQs

What skills does a Finance Assistant need?

Finance Assistants should have strong numerical skills and attention to detail to handle financial and accounting tasks.

Proficiency in MS Excel and other accounting software is often a must.

They should also have good communication skills to interact with other departments and clients.

Strong organizational and multitasking abilities are also necessary to manage multiple tasks and meet deadlines.


Do Finance Assistants need a degree?

While not always required, most employers prefer Finance Assistants to have a degree in Finance, Accounting, Business Administration, or a related field.

Having a degree demonstrates a basic understanding of financial principles and practices.

Some employers may accept equivalent work experience in lieu of a degree.


What should you look for in a Finance Assistant resume?

The resume of a Finance Assistant should highlight their proficiency in accounting software and MS Excel, and their experience in managing financial records, processing invoices, and preparing reports.

The candidate’s educational background in finance or a related field should also be noted.

Any specific certifications, such as Certified Public Accountant (CPA) or Certified Management Accountant (CMA), would be a significant advantage.


What qualities make a good Finance Assistant?

A good Finance Assistant is meticulous, having strong attention to detail to ensure accuracy in financial records and reports.

They should have strong problem-solving skills to handle any financial discrepancies and excellent time management skills to meet deadlines.

An understanding of financial regulations and a commitment to maintaining confidentiality are also important qualities for a Finance Assistant.


What is the role of a Finance Assistant in a company?

A Finance Assistant is responsible for supporting the Finance department’s operations.

This includes maintaining financial records, processing transactions, helping to prepare budgets, and assisting with audits.

They also play a key role in ensuring financial procedures are adhered to and help to improve financial processes to increase efficiency.

The Finance Assistant is often the first point of contact for other departments with finance-related queries.



And there you have it.

Today, we have demystified what it truly means to be a Finance Assistant.

Surprise, surprise!

It’s not just about crunching numbers.

It’s about shaping fiscal strategies, one financial report at a time.

Armed with our handy Finance Assistant job description template and practical examples, you’re ready to make your move.

But why limit yourself?

Go beyond with our job description generator. It’s your ultimate tool for creating sharp, precise listings or refining your resume to its best version.


Every financial decision contributes to the bigger financial picture.

Let’s shape that future. Together.

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