Financial Specialist Job Description

Financial specialists are individuals who assist an organization in meeting its financial goals.

Financial specialists spend a large amount of their time assessing an organization’s financial needs, recommending solutions, and determining how each proposed solution will affect the company’s financial goals.

There are three basic types of financial specialists: Accounting specialists: These individuals spend a large amount of their time assessing an organization’s financial needs and creating financial reports.

Investment specialists: These individuals spend a large amount of their time examining financial trends and determining how and where to invest an organization’s money.

Updated on:     
September 15, 2022

Job Brief

We're looking for a Financial Specialist who can help us to save money and make wise investments.

Financial Specialist Duties

-Assist in the development, implementation, and maintenance of effective financial policies and procedures
-Oversee financial activities, including budgeting, cash management, accounting, and loan servicing
-Maintain a working knowledge of federal, state, and local laws related to financial management
-Develop forecasting models and financial projections as requested to support business plans
-Prepare and review monthly financial statements
-Assist in the preparation and monitoring of financial plans, budgets, and reports
-Perform administrative tasks, including maintenance of financial records, purchase requisitions, and record keeping
-Perform other duties as assigned

Financial Specialist Responsibilities

-Oversee and coordinate financial operations of all departments
-Develop budget projections and forecasts to top management
-Research and investigate claims, disputes, and litigation, and prepare reports for senior management
-Coordinate and manage accounts payable
-Manage accounts receivable
-Manage payroll
-Research, prepare, and submit reports using accounting and financial software
-Review and analyze payroll data, including the calculation of taxes, and internal controls
-Research and compile reports on various financial trends
-Research and negotiate cost containment measures
-Research and compile financial information for presentation to senior management
-Research and compile financial reports and statements
-Research markets, analyze, and report on economic trends, markets and competitors
-Research and compile reports on the financial performance of companies
-Review financial statements and prepare reports for senior management
-Conduct financial analysis and recommend improvements

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Requirements and Skills

-Bachelor’s degree in accounting or other finance-related field
-Strong analytical skills and knowledge of the principles of accounting
-Strong mathematical and computer skills, including comprehensive understanding of standard financial accounting principles
-Experience in analyzing financial data and giving financial recommendations
-Excellent verbal and written communication skills

At [Company Name], we believe that diversity and inclusion are key to creating a strong, successful team. We are committed to equal opportunity in employment and encourage applications from people of all races, religions, national origins, genders, and ages, as well as veterans and individuals with disabilities.

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