A finance technician is an individual who is responsible for managing financial procedures, writing reports, reconciling financial statements and bank accounts for a company or an organization. These professionals also assist with financial audits and research, verify financial data and manage accounts receivable. Finance technicians work under the direction of a financial manager and also perform a variety of paraprofessional, administrative and technical duties.
Most finance technicians have a bachelor's degree in finance, business, or a related field, and must be proficient in using computers, spreadsheets, databases, and financial software. They should also possess strong communication, organizational, mathematical, and research skills.
These professionals can work in banking, corporate finance, insurance, or investment banking. Many finance technicians can make up to $51,000 annually, but the job market is expected to drop slightly by 4% by 2028. However, if you have a head for numbers and a knack for finance, a career as a finance technician can be a very rewarding one.
There is more than meets the eye when it comes to being a Finance Technician. For example, did you know that they make an average of $22.86 an hour? That's $47,540 a year!
Between 2018 and 2028, the career is expected to grow -4% and produce -65,800 job opportunities across the U.S.
There are certain skills that many Finance Technicians 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 Computer skills, Detail oriented and Integrity.
If you're interested in becoming a Finance Technician, one of the first things to consider is how much education you need. We've determined that 47.6% of Finance Technicians have a bachelor's degree. In terms of higher education levels, we found that 8.6% of Finance Technicians have master's degrees. Even though most Finance Technicians 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 Technician. When we researched the most common majors for a Finance Technician, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Finance Technician resumes include High School Diploma degrees or Master's Degree degrees.
You may find that experience in other jobs will help you become a Finance Technician. In fact, many Finance Technician jobs require experience in a role such as Administrative Assistant. Meanwhile, many Finance Technicians also have previous career experience in roles such as Cashier or Customer Service Representative.