Finance Officer Top 10 Tasks | Learn Full JD

Finance transactions are common routine works in any organization either in Marketing companies or Non-profit organizations. The Finance Officer plays a key role to handle all financial requirements. Keep a record of all funding received and maintain expenses details according to the organization's policies and procedures.

JOB SUMMARY:

The finance officer is responsible to look day to day finance and accounts activities. Bookkeeping and reconciliation of general ledger of all transactions annually, quarterly and monthly expenses occurred.

PRINCIPAL RESPONSIBILITIES: 

Job Title Finance Officer	Location Head Office		Reports to Manager Finance	Direct Reports Accounts Assistants
JOB PURPOSE
Day-to-day finance and account activities. Bookkeeping and reconciliation of general ledger.
PRINCIPAL RESPONSIBILITIES
Preparation of vouchers, and data entry in accounting software. Receive all expenses details from a section in the shape of bills to pay vendors.  Check all bills with cross-checking tools and verified all expenses as per annual budget allocation. Prepare payment vouchers and cheques in favor of suppliers and expenses out from the budget.
Review the payment request as per the approved budget. Review and reconcile all payment requests from suppliers and develop a comprehensive expense sheet as per the allocated budget line and charge all payments in the predefine budget line. Report all expenses to allocated heads.
Reconciliation of cash and bank balances and accounts. Collect bank statements and reconcile all payment expenses accordingly.
Reconciliation of General ledger. Update and maintain financial general ledger monthly basis to cross-check with bank accounts.
Documentation and reconciliation of funds received and disbursed. Report all expenses to concerned donors and report all expenses reconciliation of funds received and disbursed.
Preparation and settlement of debit notes. Prepare debit notes to all concerned offices and charge the expenses made on behalf of other offices. Settle all debit notes monthly basis.
Preparation of staff salary and allowances and other payments. Prepare and disburse all staff salaries monthly and charge expenses to the operational cost according to the budget line.
Preparation of monthly and quarterly reports and documents for audit queries. Generate all financial reports and documents for annual audit purposes.
Ensuring and managing proper documentation and filing. Make sure all financial records are properly maintained in the concerned file and keep all records in safe custody.
Closing periodical and yearly accounts. In consultation with other offices, collect all financial data and update its general ledger annually. Make sure all financial transactions close up annually.
Verification of stores and maintaining relations with banks and suppliers. Verify all store inventory stock registers and liaise with all suppliers and banks entirely
Assist and support supervisor for statutory, management, donor, or special audits. Assist finance in charge in accordance to undertake all financial reports ready for management review and annual audits
Maintain strict confidentiality of work. Keep all financial transaction records in safe custody and make sure of strict confidentiality.
MINIMUM JOB QUALIFICATION
Education Bachelor of  Commerce		Related work experience & training   3 Years			Special skills required
Age Limit / Physical Fitness / Other factors Minimum 25 years of age, physically fit, and able to handle pressure work assignments. How To Develop a Good CV? What is the full form of a CV?

Frequently Ask Questions

 

Examples of finance skills

Depp analytical thinking Skills

Good verbal communication.

Full Persuasiveness skills

Good command of Problem-solving

Quick decision-making skills

Fully –oriented about financial terms

Better financial planning skills

Command on budgeting skills

 

Top 8 skills that really help Finance Officer

A master-level formal accounting qualification

Comprehensive Interpersonal skills

Clear ability to communicate

Proper financial reporting

Analysis skills and ability

Quick problem-solving skills

Should have knowledge of IT software

Amazing management experience

 

What Skill Does Required For Finance Officer?

• Good analytical thinking skills
• Financial Management skills
• Business Intelligence
• Financial Modeling
• Financial Reporting
• Cash Flow Management
• Mathematics
• Financial Management

 

Key Role of Finance Officer:

Finance officers help to manage the finances of an organization by keeping track of its income and controlling its spending.