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In finance, accountants are not the only ones responsible for monitoring a company’s financial health. Finance staff also deal with it.
They have to understand finance and tax regulations to ensure the company complies with prevailing laws.
So, what are the finance staff’s roles and responsibilities? What qualifications are required, and what are the career prospects? Read on for detailed information.
Every company must pay taxes, salaries, operating costs, and other expenses. Finance staff are responsible for managing these payments and the associated administrative documentation.
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Finance staff are tasked with preparing financial statements that reflect the company’s financial health. These statements allow the company to reach rational and sustainable business decisions.
In addition, the finance staff have to check the accuracy of the financial statements. If any discrepancies are found, they must investigate to ensure that the financial statements accurately represent the company’s status.
Finance staff also propose budgets and conduct financial analyses to provide recommendations to company leaders. While top management makes the final decision, the insights from finance staff are vital since not all executives are fully aware of the financial and business risks facing the company.
For instance, finance staff prepare annual financial statements in accordance with Government Regulation (PP) No. 64 of 1999 and help the company comply with current tax laws and regulations. A thorough understanding of financial laws is therefore essential.
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Finance staff ensure that the company’s finances remain stable and healthy by developing accurate financial models, forecasts, and budgets that meet the company’s needs while maintaining financial security.
To work as finance staff, you need to possess several key skills. For example, you should have a strong grasp of accounting (to assess the accuracy of financial statements), mathematics/statistics (to analyze the company’s finances), and spreadsheet software (e.g., Microsoft Excel for creating financial statements). Analytical skills are also essential for investigating financial matters.
Additionally, proficiency in data management, financial software systems, and cash flow management is crucial for finance staff.
Now you know the skills required to work as finance staff. But don’t worry. The career prospects are bright. Here are some of them.
Financial Planner (assists clients in making financial decisions, such as stock investments.)
Personal Financial Advisor (provides advice on financial decisions, investments, savings, pension funds, and real estate)
Economic Analyst (forecasts economic trends for finance companies and banks)
Actuary (collects and analyzes data for financial estimates, often working with insurance companies, investment firms, and government agencies)
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It is interesting, isn’t it? If you understand the roles and responsibilities of finance staff and possess the necessary skills, you can apply for a position at PT Serasi Autoraya, also known as SERA.
Founded on March 22, 1990, SERA has become a leader in Indonesia’s transportation and logistics industry. This Astra Group company regularly welcomes new members to fill various positions, including Finance Officer. The details are as follows.
Qualifications:
Diploma or Bachelor’s degree in Accounting
A minimum GPA of 2.75 on a 4.00 scale
Opportunities for fresh graduates
Placement at TRAC