A finance associate is a professional who gathers and analyzes data to assist in critical corporate financial decisions. They have a thorough understanding of the best practices in financial management, including accounting standards and tax codes. Finance associates oversee several complex accounting and financial tasks for their department, which include developing, implementing and maintaining efficient finance systems and ensuring compliance with financial regulations within the industry.
Finance Associate Duties:
- Review and analyze financial data to prepare reports, statements, and recommendations
- Monitor cash flow and ensure adequate funding for all company operations
- Establish accounting and internal control procedures, procedures, and policies
- Advise senior staff on financial issues and requirements
- Attend meetings and provide reports from accounting
- Perform other duties as assigned
Finance Associate Responsibilities:
- Maintain accurate financial records for all projects, including invoices, purchase orders, purchase order adjustments, and budgets
- Prepare and calculate invoices and billings, and monitor payments
- Manage accounts receivable and payables
- Monitor payroll
- Manage accounts payable
- Perform general ledger, income statement, and balance sheet reconciliations
- Prepare and analyze financial reports based on project and company data
- Assist with audit and annual financial audits
