Become A Finance Technician

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Working As A Finance Technician

Getting Information
Interacting With Computers
Processing Information
Documenting/Recording Information
Organizing, Planning, and Prioritizing Work

Mostly Sitting
Repetitive
$37,470
Average Salary

What Does A Finance Technician Do At Nordstrom

* Demonstrates competence of engineering concepts, theories and principles combined with business insights
* Integrates and applies elements of other disciplines to solve problems
* Works independently on whole design, development, configuration or operational support for projects and problems of increasing scope and impact
* Makes decisions which influence and impact the success of team owned projects and/or efforts
* Identifies trends that warrant immediate attention
* Develops solutions using a variety Java, .Net, and open source technologies in an iterative manner
* Strives for continuous improvement of code quality and development practices
* Works in a DevOps model to own the end to end solution from development to delivery and support
* Participates in design and code review to ensure quality and testability of feature code
* Implements test automation to validate new and existing code
* Adjusts positively to quickly-changing priorities and shifting goals
* Contributes to story definition, sizing and work estimates for implementation, validation, delivery and documentation

What Does A Finance Technician Do At Colgate

* Assist in month-end close activities: preparing and submitting journal entries, working with budget owners to develop accruals, preparing expense and balance sheet account reconciliations and preparing detailed spending reports (overtime, temporary workers, etc.).
* Responsible for bi-weekly payroll.
* This includes collecting and reviewing for accuracy all time records, importing the data to the Colgate Business Services team, resolution of all discrepancies and reporting as needed.
* Work with Plant Controller and Finance Team Leader to prepare accurate and detailed reporting of overtime spending by reason code vs.
* Budget/Latest estimate.
* Collaborate with Plant Human Resources to validate absenteeism and paid time off to ensure accurate payroll reporting and payroll-related accruals.
* Administering all functions related to the plant Company Store, including ordering and stocking of supplies, ordering product, cash register maintenance and running the store one day a week.
* Individual will work closely with the Finance Team Leader on weekly deposit reconciliations and review & counting of inventory levels.
* Maintain and reconcile Petty Cash
* Create purchase requisitions and convert to purchase orders after approval as requested.
* Monitor purchase order reports in eBuy and SAP to ensure timely and accurate goods receipts.
* Drive improvement activities in A/P to reduce transactional costs and increase value-added reporting capabilities to the plant, including working with plant personnel to ensure timely resolution of invoices in query resolution.
* Administration of new vendor set up, master vendor list and filing systems.
* Participate in capital project closures in coordination with the plant Engineering team and Plant Controller to include verification of payments and supporting documentation, reconciliation of vendor spending reports to SAP account activity and reconciliation of capital purchase commitments.
* Participate in full physical inventories, assisting in researching inventory variances.
* Participate in the preparation of the plant’s annual operating budget, latest estimates and standard costs.
* Maintain Plant’s open commitments list in SAP.
* Work with budget owners to ensure open Purchase Orders are closed in a timely manner.
* Sarbanes
* Oxley audit monthly and annual testing.
* Participation on cross-functional teams and special projects, as needed

What Does A Finance Technician Do At Wells Fargo

* The Strategic Initiatives team is a component of the Corporate Financial Reporting team which resides within the Finance division of Wells Fargo spanning across all segments of the Company.
* The Corporate Financial Reporting team consists of approximately 200 individuals with varying degrees of skillsets.
* The Strategic Initiatives team is a newly created team within Corporate Financial Reporting with the responsibility to drive quality, execute effectiveness initiatives, and ensure strategic initiatives are successfully accomplished.
* This group is dedicated to process control improvement and the betterment of corporate reporting for regulatory filings as well as legal entity reporting.
* The Strategic Initiatives team works closely with the other components of the Corporate Financial Reporting team as well as many other departments and businesses throughout the Company.
* The Strategic Initiatives team is in process of building its depth and bandwidth given the increased level of strategic initiatives and overall Corporate Financial Reporting projects.
* This position is an important aspect to the success of these initiatives.
* This role will act as an advocate for senior management in the execution of strategic initiatives important to the Corporate Financial Reporting team.
* Primary responsibilities include ensuring that strategic initiatives are organized, communicated proactively, involve all necessary stakeholders, and executed effectively in-line with firm-wide initiatives.
* A candidate in this role is required to have a strong understanding and knowledge of financial institutions, various departments, businesses, and products common to such organizations.
* Additionally, a successful candidate will need to partner with other functions throughout the firm (operations, technology, compliance, risk management, legal, etc.) to accomplish strategic initiatives.
* The position also requires a broad knowledge base in technical accounting for financial products along with understanding the economics of such transactions including risk mitigation, allowing the candidate to draw parallels to such concepts in understanding and evaluating the corresponding reporting requirements.
* Along with project management, this role provides technical expertise regarding accounting, SEC reporting and regulatory information and research.
* Duties include leadership of cross functional/virtual teams to strategize, plan and execute a variety of programs, services and initiatives.
* Examples might include, but are not limited to: finance/operational/executive management review coordination, process improvement and redesign, change management initiatives, ongoing oversight of a leadership / diversity/ recognition / Q12 or general program oversight.
* Provides leadership in the integration/implementation of programs / services /initiatives with cross functional business partners, recognizing the significance of competing priorities and strategies, and adjusting as necessary.
* Develops metrics and tracks/evaluates performance of programs, services and initiatives.
* Ensures plans/programs adhere to appropriate policies and regulations.
* In addition to the above, this position will be responsible for the following:
* Identify areas for improvement and drive implementation of strategic financial reporting initiatives.
* Proactively lead the team in remediating REG/SEC deficiencies throughout the financial reporting team.
* Understand interconnections and direction of various firm-wide strategic initiatives to ensure all change management activities/decisions are in-line with such initiatives.
* Understanding interaction between FASB accounting updates, business impacts and how that impacts related financial products in order to fully understand impacts to SEC & REG reporting.
* Provide consistent guidance to all stakeholders and influence outcomes while taking ownership for all projects under direct supervision.
* Ensure all stakeholders are identified and actively involved in the applicable project, setting up and leading steering committee discussions as necessary.
* Execute independently on certain strategic initiatives
* Represent Wells Fargo within applicable industry groups and accounting related industry initiatives

What Does A Finance Technician Do At U.S. Pacific Fleet, Commander In Chief

* You will analyze financial transactions to ensure the data is current and accurate in accordance with financial management policies and procedures.
* You will extract data from electronic records to prepare reports on the status of pay actions within the organization.
* You will maintain ledgers and arrange funding data to keep track of budgetary transactions.
* You will provide technical work in support of the receipt, disbursement, examination, deposit and custody of cash items.
* You will provide advice to employees, supervisors, financial specialists and personnel on pay related rules, regulations, and procedures

What Does A Finance Technician Do At Humana

* Manage actionable and timely insights to business leaders on Medicare membership to ensure accurate and timely financial / statistical reports and data
* Develop methods and criteria for measuring and summarizing financial data and preparing complex analyses
* Ensure departmental adherence to corporate guidelines, performance standards and all applicable laws and regulations
* Build reconciliation systems, migrating data to a single platform and aligning Humana’s internal reporting with the Enterprise Data Warehouse
* Identify the root cause and recommend solutions based upon data and feedback on issues
* Think outside the box on developing new tools and capabilities on how we drive insights in our Medicare business
* Identify strategic opportunities for improving the financial performance and member outcomes though rigorous data analysis
* Other projects as assigned

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How To Become A Finance Technician

Most bookkeeping, accounting, and auditing clerks need some postsecondary education and also learn some of their skills on the job. They must have basic math and computer skills, including knowledge of spreadsheets and bookkeeping software.

Education

Employers generally require bookkeeping, accounting, and auditing clerks to have some postsecondary education, particularly coursework in accounting. However, some candidates can be hired with just a high school diploma.

Training

Bookkeeping, accounting, and auditing clerks usually get on-the-job training. Under the guidance of a supervisor or another experienced employee, new clerks learn how to do their tasks, including double-entry bookkeeping. In double-entry bookkeeping, each transaction is entered twice, once as a debit (cost) and once as a credit (income), to ensure that all accounts are balanced.

Some formal classroom training also may be necessary, such as training in specialized computer software. This on-the-job training typically takes around 6 months.

Licenses, Certifications, and Registrations

Some bookkeeping, accounting, and auditing clerks become certified. For those who do not have postsecondary education, certification is a particularly useful way to gain expertise in the field. The Certified Bookkeeper (CB) designation, awarded by the American Institute of Professional Bookkeepers, shows that those who have earned it have the skills and knowledge needed to carry out all bookkeeping tasks, including overseeing payroll and balancing accounts, according to accepted accounting procedures.

For certification, candidates must have at least 2 years of full-time bookkeeping experience or equivalent part-time work, pass a four-part exam, and adhere to a code of ethics.

The National Association of Certified Public Bookkeepers also offers certification. The Uniform Bookkeeper Certification Examination is an online test with 50 multiple-choice questions. Test takers must answer 75 percent of the questions correctly to pass the exam.

Advancement

With appropriate experience and education, some bookkeeping, accounting, and auditing clerks may become accountants or auditors.

Important Qualities

Computer skills. Bookkeeping, accounting, and auditing clerks need to be comfortable using computer spreadsheets and bookkeeping software.

Detail oriented. These clerks are responsible for producing accurate financial records. They must pay attention to detail in order to avoid making errors and recognize errors that others have made.

Integrity. Bookkeeping, accounting, and auditing clerks have control of an organization’s financial documentation, which they must use properly and keep confidential. It is vital that they keep records transparent and guard against misappropriating an organization’s funds.

Math skills. Bookkeeping, accounting, and auditing clerks deal with numbers daily and should be comfortable with basic arithmetic.

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Finance Technician jobs

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Finance Technician Career Paths

Finance Technician

Accountant Senior Accountant

Accounting Manager

7 Yearsyrs

Accounting Manager Controller

Accounting Officer

7 Yearsyrs

Billing Specialist Accounts Receivable Specialist

Accounts Receivable Manager

6 Yearsyrs

Accounts Payable Clerk Accountant Finance Analyst

Assistant Vice President

7 Yearsyrs

Military Pay Technician Human Resources Assistant Accounts Payable Clerk

Business Office Manager

8 Yearsyrs

Finance Management Analyst Finance Management Specialist Finance Manager

Business Operations Manager

8 Yearsyrs

Human Resource Specialist Human Resources Manager Operations Director

Chief Operating Officer

11 Yearsyrs

Billing Specialist Credit Analyst

Credit Manager

5 Yearsyrs

Budget Analyst Senior Finance Analyst Controller

Finance Controller

9 Yearsyrs

Finance Analyst Senior Finance Analyst

Finance Manager

7 Yearsyrs

Military Pay Technician Budget Analyst Business Analyst

Information Technology Manager

8 Yearsyrs

Budget Analyst Finance Analyst Senior Finance Analyst

Manager Finance Planning And Analysis

8 Yearsyrs

Business Analyst Quality Assurance Manager Production Manager

Material Manager

9 Yearsyrs

Accountant Finance Manager Sales Manager

Office Manager

5 Yearsyrs

Finance Specialist Branch Manager General Manager

Operations Director

9 Yearsyrs

Finance Analyst Finance Manager Sales Manager

Operations Manager

7 Yearsyrs

Accounts Payable Clerk Finance Analyst Business Analyst

Program Manager

8 Yearsyrs

Human Resource Specialist Recruiter Operations Manager

Purchasing Manager

9 Yearsyrs

Finance Specialist Accountant Finance Manager

Senior Manager

10 Yearsyrs

Business Analyst Assistant Vice President

Vice President And Manager

10 Yearsyrs

Average Length of Employment

Top Careers Before Finance Technician

Top Careers After Finance Technician

Finance Technician Demographics

Gender

Female
55.2%
Male
42.7%
Unknown
2.1%

Ethnicity

White
77.1%
Hispanic or Latino
11.5%
Asian
8.8%
Unknown
1.8%
Black or African American
0.8%

Languages Spoken

Spanish
49.3%
Russian
8.2%
French
6.8%
Arabic
5.5%
Portuguese
4.1%
Vietnamese
2.7%
Mandarin
2.7%
Italian
2.7%
German
2.7%
Hindi
1.4%
Korean
1.4%
Bulgarian
1.4%
Ukrainian
1.4%
Tigrinya
1.4%
Cantonese
1.4%
Urdu
1.4%
Carrier
1.4%
Serbian
1.4%
Chinese
1.4%
Macedonian
1.4%

Finance Technician

Unfortunately we don’t have enough data for this section.

Finance Technician Education

Schools

University of Phoenix
19.2%
University of Maryland - University College
7.7%
Liberty University
7.7%
Strayer University
7.2%
Ashford University
6.3%
Boise State University
4.8%
Community College of the Air Force
4.8%
Northeastern University
3.8%
Southern New Hampshire University
3.8%
Central Texas College
3.8%
Troy University
3.4%
New York University
3.4%
National American University - Rapid City
3.4%
Webster University
3.4%
Kaplan University
3.4%
Arizona State University
2.9%
Montclair State University
2.9%
Idaho State University
2.9%
Grand Canyon University
2.9%
University of New Orleans
2.4%

Majors

Degrees

Bachelors
39.7%
Masters
23.6%
Other
19.0%
Associate
10.5%
Certificate
4.9%
Doctorate
1.1%
Diploma
1.0%
License
0.2%

Finance Technician

Unfortunately we don’t have enough data for this section.

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Real Finance Technician Salaries

Job Title	Company	Location	Start Date	Salary
Global Markets Finance Technical Project Consultan	State Street Bank and Trust Company	Boston, MA	Sep 02, 2013	$131,706 - $151,706
Manager, Finance Technology Development	Deloitte Services LP	Chicago, IL	Mar 02, 2015	$121,098 - $124,098
Manager-Finance Technical Operations Contracts	United Airlines, Inc.	Chicago, IL	Dec 22, 2012	$105,530
Director of Finance and IT	Baptist Hospital Systems, Inc.	Nashville, TN	Oct 01, 2009	$102,849
Director of Finance and IT	BH1	Franklin, TN	Oct 01, 2009	$102,849

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Top Skills for A Finance Technician

Top Finance Technician Skills

Financial Management
Procedures
Military Personnel

You can check out examples of real life uses of top skills on resumes here:

Provide leadership vision for developing highly skilled accounting and financial management team to achieve established objectives.
Provided customer training to local Directorate Supply Reps and Security Managers on current policies and procedures.
Developed, implemented and reviewed approximately 60,000 active, reserve and retired military personnel records.
Provided customer service & solutions to those Marines who experienced payroll or travel claim discrepancies.
Receive, review, prepare and compute travel vouchers, process pay documents, contracts, invoices and receiving reports.