What does a Finance Assistant do?
A Finance Assistant helps with the general bookkeeping and accounting within an organisation. They are well versed with all administrative tasks associated with a finance department. They are responsible for overseeing and keeping appropriate documentation on payroll, bank transfers, National Insurance contributions, VAT returns and invoices. As this is an Assistant role, they may be asked to help out with various other tasks in the finance or accounting department.
Finance Assistant skills and qualifications
A strong understanding of the basic financial principles that dominate the industry is essential for all applicants. A successful Finance Assistant candidate will also have various prerequisite skills and qualifications that typically include:
- Thorough attention to detail
- Excellent maths knowledge
- The ability to use their own initiative
- Customer service skills
- Flexibility and open-mindedness
- The ability to work in a fast-paced environment
- The ability to work well with others
- Understanding of how to use common industry software
Finance Assistant experience requirements
This can be listed as an entry-level position, requiring applicants to only have a university diploma or college course. College courses are usually certified by The Association of Accounting Technicians (AAT) and the Association of Chartered Certified Accountants (ACCA). If this is a mid-level position, employers may ask that applicants have some experience working in an accounting or finance department. All applicants must have experience working in an office. It’s also helpful to have an understanding of accounting software and spreadsheets.
Finance Assistant education and training requirements
There are many routes an applicant might take towards becoming a Finance Assistant. Many employers prefer those who have attended university and received a diploma in a financial subject such as accounting or business studies. Some organisations only require applicants to have taken college courses that have been accredited by the Association of Accounting Technicians or the Association of Chartered Certified Accountants, such as a Level 2 Foundation Certificate course in Accounting.
Some employers will accept several years of experience and training instead of formal education. This may include completing a higher apprenticeship as a Taxation Technician or perhaps spending a few years at a company, starting as an Accounts Clerk or Bookkeeper, and working their way up to Accounting Technician or Finance Assistant.
Finance Assistant salary expectations
According to Indeed Salaries, the average salary for a Finance Assistant in the UK is £22,246 per year. Salary for this position is usually dependent on the company, location and experience.
Job description samples for similar positions
If this job description sample isn’t quite what you’re looking for, have a look at these related job description samples instead: