The finance officer provides financial and administrative support to clients, colleagues, and stakeholders of the company. You will prepare the company's budget, process invoices, and prepare balance sheets. To do this, you must have in-depth knowledge of the organizational products and processes. You will manage the records and receipts while reconciling the daily, monthly, and yearly transactions of the company. All financial disputes raised by the customer service and sales teams of the company will be resolved by you. Most importantly, you will be a key point of contact for other departments of the company on financial and accounting matters.
The educational requirement well suited for the post of finance officer is a university degree in Finance or Economics, Accounting, or any related field. You must be punctual and have high problem-solving skills. You must be able to adapt to different work ethics and be a good team player. Excellent communication skills, both verbal and written, are important. The finance officer earns an average of $78,317 a year.
There is more than meets the eye when it comes to being a finance officer. For example, did you know that they make an average of $37.65 an hour? That's $78,317 a year!
Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.
There are certain skills that many finance officers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, organizational skills and interpersonal skills.
When it comes to the most important skills required to be a finance officer, we found that a lot of resumes listed 39.5% of finance officers included financial statements, while 33.1% of resumes included real estate, and 3.1% of resumes included ensure compliance. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the finance officer job title. But what industry to start with? Most finance officers actually find jobs in the finance and non profits industries.
If you're interested in becoming a finance officer, one of the first things to consider is how much education you need. We've determined that 65.5% of finance officers have a bachelor's degree. In terms of higher education levels, we found that 16.1% of finance officers have master's degrees. Even though most finance officers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a finance officer. When we researched the most common majors for a finance officer, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on finance officer resumes include associate degree degrees or diploma degrees.
You may find that experience in other jobs will help you become a finance officer. In fact, many finance officer jobs require experience in a role such as accountant. Meanwhile, many finance officers also have previous career experience in roles such as controller or administrative assistant.