Finance officers play an important role in any company, having involvement in the financial and accountancy function of the business. The role can vary dependent on the size of the company and the level of responsibility given to a finance officer, but there are a number of criteria that will appear on most job descriptions for the job.
Finance officers need to complete a number of basic accountancy duties in a company. They will maintain financial records, produce and analyse figures for accountants or managers, audit accounts, pay invoices and expense claims, and maintain computerised financial systems.
Finance officers need to meet a number of requirements on a person specification. They will need to have an interest in finance and an understanding of the financial operations that are required in the sector they work in. Patience, analytical thinking, attention to detail and problem solving skills are essential attributes. Finance officers also need to demonstrate good communication and interpersonal skills as they will have to work effectively both with fellow team members and people from other areas of the company and beyond.
Senior finance officers
Some finance officers will work along the company’s finance director at a senior level. Activities here might include monitoring business performance or cash flow, overseeing departmental budgets, preparing accounts, financial planning and competitor analysis. Finance officers might be given responsibility for overseeing the entire financial and accountancy functions of set departments.
Training and qualifications
Finance officers can take on a number of roles. The job description might include responsibility for procurement, payroll or accounting. Successful finance officers can progress to jobs including payroll manager, head of finance, management accountant or senior buyer. Officers starting at the bottom of the finance ladder may not have formal qualifications and be limited to administrative roles but professional training in accountancy or financial management can give access to senior roles.