Torchora
Back to Home

Key Responsibilities and Required Skills for Finance Technician

💰 $45,000 - $65,000

FinanceAccountingOperations

🎯 Role Definition

As a Finance Technician, you will be the backbone of our daily financial operations. You'll work closely with the accounting team to ensure our financial records are precise, up-to-date, and compliant. This is a hands-on role that involves managing everything from invoice processing and account reconciliations to assisting with financial reporting and month-end close. Your meticulous work will directly impact our ability to make sound financial decisions and maintain strong relationships with our vendors and clients. This is an excellent opportunity for someone looking to build a solid foundation in corporate finance and accounting.

📈 Career Progression

Typical Career Path

Entry Point From:

  • Accounting Clerk
  • Bookkeeper
  • Finance Intern
  • Data Entry Specialist

Advancement To:

  • Staff Accountant
  • Senior Finance Technician
  • Financial Analyst

Lateral Moves:

  • Payroll Specialist
  • Accounts Payable/Receivable Specialist

Core Responsibilities

Primary Functions

  • Process, verify, and code a high volume of accounts payable invoices with exceptional accuracy and timeliness.
  • Manage the full accounts receivable cycle, including generating customer invoices, posting payments, and proactively following up on overdue accounts.
  • Perform daily, weekly, and monthly bank reconciliations for multiple corporate accounts to ensure all transactions are accurately accounted for.
  • Prepare and post journal entries into the general ledger system, ensuring all entries are supported by proper documentation.
  • Assist in the month-end, quarter-end, and year-end closing processes by preparing detailed account reconciliations and supporting schedules.
  • Maintain and reconcile balance sheet accounts, thoroughly investigating and resolving any discrepancies in a timely manner.
  • Process and audit employee expense reports, ensuring strict compliance with company travel and expense policies.
  • Maintain the integrity and accuracy of the financial database and accounting software (ERP system) through diligent data management.
  • Communicate professionally and effectively with vendors, suppliers, and clients to research and resolve payment and billing inquiries.
  • Generate and distribute routine financial reports, such as aging reports for AP/AR, weekly cash flow statements, and budget vs. actual summaries.
  • Ensure strict adherence to Generally Accepted Accounting Principles (GAAP) and internal financial policies and procedures in all tasks.
  • Manage and reconcile company credit card programs, including the allocation of charges and tracking of expenditures.
  • Accurately enter, maintain, and validate financial data in complex spreadsheets and databases, ensuring data integrity is paramount.
  • Monitor and track the company's fixed assets, recording acquisitions, dispositions, and calculating monthly depreciation.
  • Support payroll processing by verifying timesheets, calculating payroll deductions, and preparing payroll-related journal entries.

Secondary Functions

  • Assist senior accountants and finance managers with special projects and ad-hoc financial analysis as requested.
  • Provide essential support during internal and external audits by gathering requested documentation, preparing schedules, and answering inquiries.
  • Contribute to the continuous improvement of accounting processes and systems by identifying inefficiencies and proposing effective solutions.
  • Assist in the preparation of materials and data for the annual budget development and periodic forecasting cycles.
  • Prepare and file various compliance-related reports, such as sales and use tax returns or 1099 forms.
  • Reconcile intercompany transactions and balances to ensure financial statements are accurately consolidated.

Required Skills & Competencies

Hard Skills (Technical)

  • Strong proficiency in Microsoft Excel, including VLOOKUPs, pivot tables, SUMIFs, and complex formula creation.
  • Hands-on experience with accounting software and ERP systems (e.g., NetSuite, SAP, Oracle, QuickBooks).
  • Solid understanding of core accounting principles, including GAAP, and fundamental bookkeeping procedures.
  • Proven experience with accounts payable (AP), accounts receivable (AR), and general ledger functions.
  • Demonstrated ability in performing detailed, multi-account bank and balance sheet reconciliations.
  • High-speed, accurate data entry skills with a proven track record of maintaining a low error rate.
  • Experience in generating basic financial statements and routine management reports.

Soft Skills

  • Exceptional attention to detail and a high degree of accuracy in all work performed.
  • Excellent organizational and time-management skills, with the ability to manage multiple priorities and consistently meet deadlines.
  • Strong analytical and problem-solving abilities to research and independently resolve financial discrepancies.
  • Effective written and verbal communication skills for interacting with internal teams and external partners.
  • High level of integrity, discretion, and professionalism in handling confidential financial information.

Education & Experience

Educational Background

Minimum Education:

  • Associate's degree in a relevant field or a High School Diploma with equivalent professional experience.

Preferred Education:

  • Bachelor's degree.

Relevant Fields of Study:

  • Accounting
  • Finance
  • Business Administration

Experience Requirements

Typical Experience Range:

  • 2-4 years of experience in an accounting or finance support role.

Preferred:

  • Previous experience working within a fast-paced, deadline-driven corporate accounting department.
Explore More Careers