Finance assistants are responsible for gathering and analyzing financial data from every department of an organization to create periodic reports for each department. They also supervise regular security procedures to handle the company's financial data that is sensitive and ensure the privacy of the areas of financial and information technology (IT) equipment data.Finance assistants are accountable for decisions taken in reliance on the information contained in their reports. These reports typically represent communication lines between various departments within the company, and a lot of business decisions are on the basis of these reports. They also have to establish and maintain contact with all departments within the firm.An undergraduate degree in management or in a similar field is usually required for this job, however, some employers may also require at minimum two years of relevant work experience. Finance assistants should also be capable of analyzing financial data and handle complicated computations, and operate personal computers as well as programmable calculators.

The role of a Finance Assistant in the United Kingdom is expected to experience steady growth in the market. According to a 10-year analysis, this job role is projected to have an increasing demand due to the continuous growth of the finance sector. With the expansion of businesses and implementation of more stringent financial regulations, more employment opportunities are expected to become available in the future. Overall, the Finance Assistant position is expected to have a positive outlook in terms of growth and employment prospects in the United Kingdom.

How to Learn

As a Finance Assistant with 3-6 years of experience in the United Kingdom, your main responsibilities include:<ul><li> Processing financial transactions accurately and ensuring proper documentation. Accurately recording and categorizing financial transactions while maintaining proper documentation.</li><li> Assisting in the preparation of financial statements, reports, and budgets. Supporting the preparation of financial statements, reports, and budgets by gathering and organizing relevant data.</li><li> Conducting financial analysis and providing recommendations for improvement. Analyzing financial data, identifying trends, and offering recommendations to improve financial performance.</li><li> Collaborating with internal teams and external stakeholders to resolve financial queries.</li></ul>

Roles & Responsibilities

Average take home Salary for a Finance Assistant in United Kingdom is around £23958 per year

Salary Breakup

Finance assistants are responsible for gathering and analyzing financial data from every department of an organization to create periodic reports for each department. They also supervise regular security procedures to handle sensitive financial data of the company and ensure the privacy of the areas of financial and information technology (IT) equipment data.

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Finance Assistant

Salary Breakup

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