Finance Assistant

A Finance Assistant is in charge of managing the day-to-day activities of the finance department, ensuring that the company's bookkeeping is up to date for taxes and the budget, and doing duties like data input and balance sheet preparation.

Some standard job titles for Finance Assistant are:

• Portfolio Managers: They choose the mixture of goods, sectors, and geographical locations for a company's investment portfolio.
• Fund Managers regularly decide whether to acquire or sell a security in a split second in response to rapidly shifting market conditions.
• Rating Analysts: They assess a company's or government's capacity to repay obligations, especially bonds.

Some roles and responsibilities for Finance Assistant are:

• Keeping track of and comparing bank statements, updating financial spreadsheets with daily transactions, and creating balance sheets.
• Producing cost analysis reports (for both fixed and variable expenses), handling tax payments, assisting with monthly payroll, and maintaining orderly records.
• Keeping track of accounts payable and receivable, processing invoices, following up with customers, suppliers, and partners as necessary, assisting with administrative tasks when preparing budgets, and taking part in quarterly and yearly audits.

Major educational qualifications required for Finance Assistant are:

• Degree in accounting or finance.
• Excellent knowledge of MS Excel and accounting software.
• Strong knowledge of bookkeeping.
• Good organizational skills.
• Strong analytical skills.
• Detail-oriented.
• Excellent time management skills.

Some alternative job roles available for Finance Assistants are:

• Accountant: Manages financial records and prepares reports for individuals or organizations.
• Office Manager: Oversees administrative tasks and ensures smooth operations in an office setting.
• Accounts Receivable Specialist: Handles incoming payments and maintains accurate accounts receivable records.
• Accounting Manager: Oversees financial activities of a company, including budgeting and financial reporting.
• Accounting Analyst: Analyzes financial data and provides insights and recommendations for improving financial performance.
• Billing Specialist: Processes invoices and ensures timely and accurate billing for products or services.

India's financial services industry is strong and, more significantly, expanding. The number of the middle class in the nation is increasing and is expected to account for 20% of the overall population by 2016 and 37% by 2026, according to data by Deloitte. According to projections, India has a relatively youthful population, with a median age of 31 in 2025 and 38 in 2050, which clearly shows the demand for professionals to guide people about Finance.
The typical annual salary for Finance Associates and Analysts is $84,300, according to the Bureau of Labor Statistics (BLS). By 2026, the employment of Finance Associates is anticipated to expand by 11%, faster than the average for all occupations. Strong job growth is expected due to an expanding range of financial products and other sector trends.