Finance Technician

Roles and responsibilities

As a Finance Graduate, your journey into the financial world begins with building a strong foundation in financial principles and gaining exposure to various aspects of the finance industry. This role often involves analyzing data, assisting with financial reports, and learning key industry practices. Here’s a guide to help you succeed and grow in your finance career:

Key Responsibilities of a Finance Graduate

1. Financial Analysis:

   • Assisting in analyzing financial data to identify trends and insights.
   • Preparing reports on financial performance, budgeting, and forecasting.

2. Data Management:

   • Organizing and maintaining financial data in spreadsheets or financial systems.
   • Assisting in reconciling accounts and verifying transactions.

3. Budgeting and Forecasting:

   • Supporting the preparation of budgets and financial forecasts.
   • Comparing actual financial outcomes with budgeted figures and identifying variances.

4. Reporting and Documentation:

   • Assisting in the preparation of monthly, quarterly, and annual financial statements.
   • Compiling reports for internal stakeholders or regulatory compliance.

5. Research and Market Analysis:

   • Conducting research on industry trends, competitor performance, and economic indicators.
   • Providing insights for investment or business decision-making.

6. Operational Support:

   • Collaborating with different departments to provide financial insights for projects.
   • Supporting day-to-day financial operations such as invoicing, payments, and audits.

Key Skills for a Finance Graduate

1. Technical Skills

• Financial Software:

  • Experience with tools like SAP, Oracle, QuickBooks, or other ERP systems.
  • Proficiency in Microsoft Excel (pivot tables, VLOOKUP, macros) and Google Sheets.

• Data Analysis:

  • Ability to analyze large data sets and create meaningful financial reports.
  • Basic knowledge of analytical tools like Power BI, Tableau, or SQL.

• Accounting Basics:

  • Understanding of accounting principles and financial statements.

2. Analytical Thinking

• Ability to break down complex financial data into actionable insights.
• Strong problem-solving skills to address financial discrepancies or challenges.

3. Communication Skills

• Presenting financial information clearly and concisely to non-financial stakeholders.
• Preparing detailed and accurate financial documentation.

4. Attention to Detail

• Ensuring accuracy in financial calculations and compliance with regulations.
• Identifying discrepancies in data or reports.

Desired candidate profile

To Process, review and disburse authorized payments in accordance to established accounting procedures for all transaction types under appropriate head/ account, complying with quality and SLA standards.

Functional Roles and Responsibilities:

• Ensure invoices are appropriately approved, coded, and processed for payments.
• Post company wise payment transaction details in JD Edwards.
• Match appropriate documents (invoices-Purchase Orders (PO), invoice-check, supporting documents-wires).
• Monitor the open invoices for payment (by payment due date).
• Resolve open issues such as missing approvals, POs not matching or not existing, inconsistencies between invoices and receipt documents, vendor questions, including review of vendor statements.
• Maintain schedules for recurring monthly payments and process accordingly.
• Process Accruals and provisions as per the agreed policies and timelines.
• Adhere to SLAs and productivity targets.
• Process documents as per VAT regulations and adhere to compliance.
• Generate/Review periodic reports or adhoc reports as per the customer requirements.
• Assist in internal and external audit and maintain documentation.
• Provide consistent customer service while interacting with internal customers.

Education/Certification and Continued Education:

• Bachelor's Degree in Accounting or a related field of study.
• 0 to 1 years of relevant experience in a similar position.
• Arabic is mandatory