Financial Associate Job Description
Financial associate job profile and description
The financial associate has to fulfill a very responsible and vital job. The financial associate performs multiple functions in an organization. He or she needs to deal with the clients to sole their financial problems. He or she also needs to assist the financial department in preparation of balance sheets, bookkeeping and all other financial matters. He or she assists in the process of decision making. The job calls for someone who has the prior working experience of 0 to 3 years after graduation to get a good well-paying job.
Financial associate duties and responsibilities
The duties and responsibilities involved in the job of a financial associate are given below.
· The associate has the duty to assist the financial department in making decisions properly.
· It will be needed to take part in the decisions regarding mergers and takeovers and negotiating financial matters.
· He or she has to interpret the financial reports to do the financial forecasts in a company.
· He or she has to assist in the formulation of investment and financial strategies and procedures.
· He or she has to analyze the financial terms and conditions during deals properly and the financial situation as well.
· He or she has to oversee the invoices, financial bills and statements as well.
· He or she is responsible for the active client-business interface.
· It will be the duty to help the customers by using the phone and mails.
· It will be the responsibility to fulfill the entire financial requirements and needs of customers.
Financial associate skills and specification
The skills and specifications required to build a successful financial associate career are mentioned below.
· The person should have the ability to put a keen eye for detail work.
· He or she should be able to spot minor miscalculations in the financial report.
· The person needs to be very well versed with the financial concepts.
· He or she should have the profit and result oriented planning ability to do the job.
· He or she should be very creative and innovative as well in preparing financial reports properly.
· The person needs to have an attentive mind.
Financial associate education and qualifications
The educational qualifications required by a financial associate are:
· The basic degree required for the job is a Bachelor’s degree in finance and accounting.
· The person needs to have an under graduation diploma or degree in business administration, mathematics, statistics and accounting.
· He or she should have required knowledge in law and legal matters to do the job.
Financial associate salary
The salary basically depends upon the experience and also upon his or her responsibilities in the company.
· The median annual salary of a financial associate is $57,694. The salary generally comes in the range of $50,000 to $71,103.