What's it like to be a Financial Officer?
Financial Officers oversee and manage an organisation’s financial resources so that revenue and budget goals can be met and compliance requirements can be maintained.
Tasks and duties
- Providing guidance to the finance team and management about budgets, accounting and tax regulations, and financial policies.
- Undertaking regular financial analysis in order to identify, address and resolve issues, disputes or variances.
- Overseeing daily, monthly and yearly transactions, process invoices and track investments.
Different types of organisations employ Financial Officers, such as large companies, government agencies, educational facilities and hospitals.
Financial Officers typically work in office environments and work regular Monday to Friday hours, although during certain times of the year (such as the end of the financial year), they may work overtime.
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How to become a Financial Officer
- Undertake formal qualifications, such as a Diploma of Accounting (FNS50217), a Bachelor of Commerce or Bachelor of Business.
- Gain experience in the field, together with knowledge of specialist software programs such as QuickBooks, SAP, Tableau and Xero.
- With experience and the possibility of further study, Financial Officers can work up to becoming Finance Managers or Chief Financial Officers.