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Finance Job Description

By: EconomyWatch Date: 25 September 2009

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A finance job description should contain sections such as summary, qualifications, desired skills and responsibilities. The finance job description becomes a basis for decision making regarding your suitability and interest in an opening as well as for researching on the company and the position.

Finance Job Description: Sections

A finance job description consists of the following sections:

Summary: In this section, the job profile is mentioned in broad terms.

Essential qualifications and skills: This section would usually state the skills and degrees relevant to the post and the required experience.

Desired skills: These may be skills like negotiation skills and people skills.

Responsibilities: This would be the roles and duties relevant to the particular post.

Salary: Salary and perks

Finance Job Description: Examples

Some examples of finance job descriptions are:

Finance Officer

Summary: A finance officer is primarily accountable for maintaining the financial, administrative, personnel and accounting services of an organization. It is the responsibility of the finance officer to prepare financial statements, prepare payrolls and maintain cash reins, maintain accounts payable as well as supervise office operations.

Responsibilities:

Supervising and administering financial systems. This involves assisting in the creation of budget, implementation of financial procedures and policies, supervising cash reserves, monitoring investment, creating balance sheets, administrating the system of purchase orders and issuing checks.
Preserving the accounts receivable and accounts payable systems.
Supervising the records and files of employees

Essential qualifications and skills:

Degree in finance
Fine analytical understanding
Awareness of the markets and economy
Passion for numbers
Penchant for following financial trends
Supervisory skills
Team building
Decision-making ability
Effective communication
Time management ability
Ability to manage stress

Chartered Public Finance Accountant

Summary: A chartered public finance accountant is responsible for ensuring the effective operation of accounting and financial activities within public sector organizations.

Responsibilities:

Developing and managing financial management systems and policies
Ensuring effective financial management of public money
Making financial decisions and advising key bodies and individuals, such as management boards and budget holders, using financial management information
Preparing and monitoring budgets and accounts
Controlling expenditure and cash flows
Undertaking financial administration
Preparing reports on annual accounts and budget information for the auditor
Assessing and advising on estimates for project funding and continuing running costs
Preparing recommendations on large-scale projects
Checking whether funding is properly allocated
Conducting internal audits
Checking creditors' invoices
Charging customers for services
Liaising with managerial staff, colleagues and clients
Examining financial records and statements and checking them for accuracy
Balancing the costs of specific public services against income
Keeping up to date with developments in public sector financial and management accounting practices
Managing and training staff, when employed at a senior level