Finance Specialist Job Description

Finance Specialist Job Description

We are looking for an intelligent Finance Specialist to contribute to our company’s initiatives. To succeed in this role, the Finance Specialist should be ready to assist with providing support in the various Finance functions, which includes ensuring compliance with payroll regulations, tax laws, and company policies, and be willing to work with others in the finance department to executing tasks both online and offline. He or She will be responsible for the day-to-day execution of effective monitoring and maintaining of accurate inventory records.

Finance Specialist Job Description

You should work with obtained data by collaborating with management to gather and analyze financial information prepare financial plans and develop financial models.

Finance Specialist Responsibilities

  • Process and manage payroll for employees accurately and on time.
  • Preparing budget reports and financial statements by professional and regulatory standards.
  • Prepare payroll reports and maintain payroll records.
  • Collaborate with HR to update employee payroll information.
  • Stay updated on payroll-related legislation and best practices.
  • Support finance team with ad-hoc financial tasks.
  • Monitor and maintain accurate inventory records.
  • Reconcile inventory discrepancies and perform regular audits.
  • Analyze inventory levels and provide insights to optimize stock control.
  • Coordinate with the procurement and production teams to ensure adequate stock availability.
  • Prepare inventory reports and assist in budgeting and forecasting processes.
  • Implement best practices to minimize inventory costs and wastage.
Godwin Fafemi Uche Founder/CEO HighJobLink Limited Credit: HighJobLink Limited Lagos
Godwin Fafemi Uche
Founder/CEO HighJobLink Limited
Credit: HighJobLink Limited Lagos

Finance Specialist Requirements

  • Bachelor’s Degree in Finance, Accounting, or a related field.
  • Proven experience in both payroll management and inventory control, preferably in the FMCG sector.
  • Strong knowledge of payroll processes, inventory management, and relevant regulations.
  • Proficiency in payroll software, SAP, inventory management software, and MS Excel.
  • Exceptional attention to detail and accuracy.

Finance Specialist skills

  • Excellent analytical skills
  • Organizational skills
  • communication skills.
  • Ability to work well under pressure and meet tight deadlines.
  • Strong problem-solving abilities with a focus on process optimization.

Frequently Asked Questions

Who is a Finance Specialist?

A Finance Specialist is a staff that is responsible for providing a variety of accounting and financial-related administrative services by monitoring the implementation of financial plans, performing risk assessments, and making adjustments as needed.

What Services do Finance Specialists Provide?

Some of these services are accounts processing, auditing financial documents, researching and resolving issues or discrepancies with clients’ accounts, responding to client requests and inquiries and procedures, reconciling bank statements and calculating tax payments and returns, and taking care of salary pay or invoices.

What skills should a Finance Specialist have?

As a Finance Specialist, if you want to be successful, you should have an idea of General Business Practices, Time Management Skills, previous experience with a previous bookkeeping position, the ability to Prepare Financial Statements, the ability to Analyze Data, Accounting Organizational Skills, and a wide knowledge in Microsoft Excel and other accounting management software.

Who does a Finance Specialist work with?

In a small business or a startup company, a Finance Specialist normally works with HR or with the manager especially if it is a large corporation. Financial specialists usually also work with team leaders to audit financial records on a monthly, quarterly, or yearly basis.

Can Your company hire a virtual assistant as a Finance Specialist?

Yes. your company is allowed to hire a virtual assistant in the Finance Specialist niche. You don’t have to get a Finance Specialist on the staff list, remember that if you’re not ready to add a Finance Specialist’s salary to your payroll, you can always outsource. When you outsource your Finance work to an on-demand professional, you pay for only the expected time you need, which might just be a few hours a week or a month.

About Author

Jane Ada is a highjoblink.com Author and writer with firsthand knowledge of the skills needed to run small businesses. As an entrepreneur herself, she writes about how entrepreneurs can choose the right business and grow their businesses.

Leave a Reply