The 8 Skills You Need To Work in The Finance Department


Do you fancy yourself as a key player in the future of corporate finance? Ditch that cutthroat attitude and adopt these 8 skills instead.

Working in finance is a competitive hobby. The range of jobs in this industry include bank managers, bookkeepers, auditors, banking service advisors, and more. To do well in this environment, you must rise above office politics and always complete your tasks on time, by the deadline. There are key skills that people who work in this industry share, no matter the level of their expertise. Learning them and working on those skills within yourself will give you a head start against other competitors in the jobs market.

8 Skills to Develop to Work in Finance.

If you are sure about choosing a career in the finance sector, cultivating these eight skills will earn easier success. These, of course, and always remembering to check your work.

1 – Dependability

Every position in the world of finance comes with an established level of trust. The client trusts you not to give them bad advice. Your employer trusts you not to spend company money frivolously. You even depend on your colleagues to use their network of contacts to help you, should you need it. Dependability leads to credibility. Without credibility, you have no chance of building a career in finance.

2 – Communication

Payroll Jobs especially require communication. Since this is usually a cross over area where either the HR department or the Finance department take charge. Without fantastic communication between both departments, the whole system of paying employees for work they already completed could be thrown into chaos. Employees that don’t have the promise of a fixed regular wage are employees who have no loyalty to your business. If they get a better offer, they will leave. Harvard have sound advice on improving your communication skills.

3 – Innovation

Innovation is a business-like way of saying that you are capable of thinking for yourself. Innovative people don’t require specific instructions. They see a task which needs completed and they complete it. In the world of finance this means helping with accounts even if they are a colleague’s workload. It means designing potential solutions to client problems.

If you are good enough at this skill, you could strike out on your own and become a freelance consultant. With a little PR magic, innovation, and dedication to your new workload, you could soon find yourself in full swing as a small business owner.

4 – Composure

Composure in temper is an excellent skill for a finance manager, payroll exec, financial analyst, or other fintech employees. However, temper is not the only composure a leader should have. To get far in the finance sector, you should develop composure in your personal appearance. You can be the best accountant in the city but if you look like you are fresh from the gym each day it might not give the right impression. Come dressed for video chats.

5 – Diplomacy

Negotiating with your client and with suppliers are two key elements of this role. You need to learn the skill of problem solving on your feet, so that two offended parties can meet in the middle with a real solution. If you can facilitate negotiations between your firm and a client that frequently changes their mind, then you will build that credibility through trust again.

6 – Technology skills

If you don’t have an education in management, computing, or business, start brushing up on these skills. Primarily you will need to learn about financial technology and management technology. There are a variety of software programs out there whose purpose is to make finance tasks easier and faster. Spreadsheets can save the need for repeating a sum, for example, and Microsoft Azure has some exceptional business style apps to support businesses. Brush up on these. If you can, gain certificates.

7 – Observation and Analysis

Without sharp observation and the ability to analyse financial problems, you cannot provide the client with the solutions they need. Learn about interpersonal skills, how to interpret small mannerisms, or operate software that can monitor ongoing financial decisions with the goal of providing solutions.

8 – Appraisal Skills

Learn how to evaluate the costs of assets, equipment, fleets, and warehouse shelving. When you walk into the building you choose to interview with, you should know roughly what the corporate worth is before you even get to the building. When you get the tour, keep your eyes and ears peeled. Carry this skill throughout your professional career. Finance is all about appraisal and assigning worth.

Are You Ready for Finance?

If you stand up against this list of skills and still think finance is right for you, sign yourself up for an introductory course in the subject that most interests you. There is money to be made if you have the skills and patience to learn how to make it.

Trey Rory
the authorTrey Rory