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What is a finance assistant?

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Quick Answer

A finance assistant supports corporate financial associates by performing duties such as preparing reports, proposals and presentations, according to Salary.com. Finance assistants perform administrative and clerical services along with accounts payable and receivable duties, according to Monster. They are employed in a wide variety of industries.

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Other duties include being the contact person for financial forms requests, managing financial documents such as invoices and contracts, maintaining document archives according to company policies, tracing and filing asset related documents, and preparing weekly check run packets, according to Careerbuilder. They also manage purchasing invoices, obtain invoice approvals, organize vendor and procurement files, assist with billing, collections and month-end close out processes, and make bank deposits.

Many companies require finance assistants to have a bachelor's degree in a related field and several years of work experience, notes Salary.com. Finance assistants should be knowledgeable about the particular finance field in which they work. They must be able to work independently with general supervision and possess a degree of creativity, as a certain amount of latitude is needed. Knowing Microsoft Office, PowerPoint and Excel is also often required, according to Monster. The average salary for a finance assistant as of December 2014 is $46,196 per year, according to Glassdoor.

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