Finance Operations Job Description

A Finance Operations job description outlines the responsibilities, skills, and qualifications required for a professional responsible for the efficient and effective functioning of a company's financial processes.

Core Responsibilities:

• Accounts Payable & Receivable: Managing the entire AP and AR cycle, including invoice processing, vendor payments, customer billing, and collections. Ensuring accuracy and timeliness in all transactions.
• General Ledger Management: Maintaining the general ledger, reconciling accounts, and preparing journal entries. Ensuring the integrity and accuracy of financial data.
• Month-End & Year-End Close: Assisting with the month-end and year-end closing processes, including preparing financial statements and supporting documentation.
• Reporting & Analysis: Generating financial reports, analyzing financial data, and providing insights to management. This may include variance analysis, budgeting, and forecasting.
• Process Improvement: Identifying opportunities to streamline financial processes, improve efficiency, and reduce costs. Implementing and maintaining internal controls.
• Compliance: Ensuring compliance with accounting standards, tax regulations, and company policies. Preparing for and assisting with audits.
• Treasury Management: Managing cash flow, bank accounts, and investments. Monitoring cash balances and forecasting future needs.
• System Administration: Working with accounting software and other financial systems. Providing support to users and troubleshooting issues.
• Vendor & Customer Relationship Management: Building and maintaining strong relationships with vendors and customers. Resolving payment disputes and addressing inquiries.

Required Skills & Qualifications:

• Education: Bachelor's degree in Accounting, Finance, or a related field.
• Experience: Proven experience in a finance operations role, with a strong understanding of accounting principles and financial processes. Entry level positions may require internships or some experience while senior roles often require several years of relevant experience.
• Technical Skills: Proficiency in accounting software (e.g., NetSuite, SAP, Oracle), ERP systems, and Microsoft Excel (advanced skills required for data analysis and reporting).
• Analytical Skills: Strong analytical and problem-solving skills, with the ability to interpret financial data and identify trends.
• Communication Skills: Excellent written and verbal communication skills, with the ability to communicate financial information effectively to both technical and non-technical audiences.
• Organizational Skills: Strong organizational skills and attention to detail, with the ability to manage multiple tasks and prioritize effectively.
• Compliance Knowledge: Solid understanding of GAAP (Generally Accepted Accounting Principles) and other relevant accounting standards.
• Teamwork: Ability to work effectively as part of a team and collaborate with other departments.
• Problem-Solving: Ability to identify and resolve issues in a timely and efficient manner.

Desired Skills:

• CPA (Certified Public Accountant) or other relevant certification.
• Experience with specific industry regulations.
• Knowledge of data visualization tools (e.g., Tableau, Power BI).
• Experience with automation tools and technologies.

A Finance Operations professional plays a crucial role in ensuring the financial health and stability of an organization. They are responsible for the day-to-day operations of the finance function and contribute significantly to the overall success of the business.