How to Become a Finance Officer: Australian Careers in Finance

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Finance for Non-Finance Managers

Managers and leaders who have an understanding of their organisation’s financial position feel more confident in their business decision-making. This Finance for Non-Finance Managers short course from Australian Institute of Management (AIM) Education and Training introduces all aspects of financial management, from planning through to budget review and reporting on financial outcomes.

This concise course serves as a practical guide, imparting essential skills for analysing financial data and fostering a comprehensive understanding of financial performance. Participants will gain the knowledge necessary to make well-informed fiscal decisions by exploring all facets of financial management, spanning from planning to budget review and reporting on financial outcomes. From financial statements and standards, to implementing and monitoring budgets and managing cash-flow, you will cover over 30 well-structured topics that will enable you to tackle your business finances with confidence.

This is a high-intensity two-day course that can be taken at one of our campuses in Sydney, Melbourne, Brisbane, Adelaide or Canberra, or can be taken online through a virtual workshop.

Classroom, On Campus, Online

ACT, NSW, SA, VIC

Accounts Assistant, Business Administrator, Finance Officer, Office Manager, Operations Manager, Operations Officer

Price may vary

2 Days

Master of Applied Finance

Financial systems are central to everything, with the Australian financial market growing 13.2% to $10.9 trillion during 2021* alone. Strong financial skills are an invaluable mechanism to drive change and create success. The professionals who have upskilled will thrive.

With the 100% online Master of Applied Finance from UNSW Online, you will accrue a wealth of financial knowledge and real-world applications. Your studies will also be tailored to suit your career path – and can help build a strong foundation to pursue the Chartered Financial Analyst (CFA) designation.

Whether you’re looking to upskill and advance your career, or make a change by entering the finance industry, the Master of Applied Finance will provide the skills and experience you need.

The UNSW Online Master of Applied Finance is designed to ensure you can confidently apply, manage, and lead financial functions at all business levels – both in Australia and around the world – and be an asset to any forward-thinking financial organisation.

It offers eight core courses and four electives. Select from key areas including analytics, financial technology and business management – and learn how financial knowledge areas such as international finance can be applied in any business to achieve success. You can also select a study pathway that is closely aligned with the Chartered Financial Analyst (CFA) curriculum, giving you a strong grounding to pursue the CFA designation. Whatever your interests, this program delivers access to the latest thinking and current research in finance.

There is also the option to study the Graduate Certificate in Finance or the Graduate Diploma in Applied Finance, which combined create the master’s program.

*Roy Morgan Banking & Finance Currency Report, 2021

Online

Chief Financial Officer (CFO), Director of Finance, Finance Officer, Financial Analyst, Investment Advisor

Price may vary

Accelerated, 2 years

FNS30322

Certificate III in Accounts Administration

The FNS30322 Certificate III in Accounts Administration offered by Macedon Ranges Education is designed to equip students with essential skills and knowledge for a successful career in the financial services sector. This course covers a range of key learning areas, including processing financial transactions, maintaining financial records, and understanding the principles of accounts administration. Students will gain practical experience in using accounting software and learn how to effectively manage accounts payable and receivable, ensuring they are well-prepared for the demands of the workplace.

Throughout the course, participants will also develop their communication and customer service skills, which are vital in any administrative role. The curriculum is tailored to provide a comprehensive understanding of the financial environment, enabling students to confidently navigate various accounting tasks. With a focus on real-world applications, the FNS30322 Certificate III in Accounts Administration not only prepares students for immediate employment but also lays a solid foundation for further studies in finance and business.

By engaging with this course, students will be empowered to take the next step in their career journey, armed with the knowledge and skills necessary to thrive in accounts administration. Enquire to learn more.

Study modes: This course can be delivered either 100% online, or at Macedon Ranges Education’s campus in Kilmore, Victoria. Online students can start anytime. There are 4 intake dates each year for on-campus students: April, July, September, and December (for the following year).

PLEASE NOTE: This course is fee-for-service only, it is not government-funded.

On Campus, Online

Online, VIC

Accounts Administrator, Accounts Assistant, Administrative Assistant, Administrative Officer, Finance Officer, Payroll Assistant, Payroll Clerk, Payroll Officer

Price may vary

12 months

On this page

What is a Finance Officer?

What will I do?

What skills do I need?

Resources

What is a Finance Officer?

The role of a Finance Officer is both dynamic and rewarding, offering individuals the opportunity to play a crucial part in the financial health of an organisation. Finance Officers are responsible for managing financial records, preparing budgets, and ensuring compliance with financial regulations. They serve as the backbone of financial operations, providing essential support to various departments and contributing to strategic decision-making processes. This career is ideal for those who enjoy working with numbers and have a keen eye for detail, as it requires a strong analytical mindset and a commitment to accuracy.

In their day-to-day activities, Finance Officers engage in a variety of tasks that include processing invoices, reconciling bank statements, and preparing financial reports. They work closely with other team members to ensure that financial transactions are recorded correctly and that budgets are adhered to. Additionally, Finance Officers often assist in the preparation of financial forecasts and analyses, helping to guide the organisation’s financial strategy. Their role is pivotal in identifying areas for cost savings and efficiency improvements, making them valuable assets to any team.

Collaboration is a key aspect of the Finance Officer’s role, as they frequently liaise with other departments to gather financial data and provide insights that support operational goals. They may also be involved in training staff on financial procedures and systems, fostering a culture of financial awareness throughout the organisation. The ability to communicate complex financial information in a clear and concise manner is essential, as Finance Officers often present their findings to management and stakeholders.

Overall, a career as a Finance Officer offers a fulfilling pathway for those interested in finance and accounting. With opportunities for professional development and advancement, individuals in this role can build a solid foundation for a successful career in finance. The skills gained as a Finance Officer are transferable and highly sought after, opening doors to various roles within the financial sector and beyond.

Career snapshots For Finance Officers

The role of a Finance Officer is integral to the financial health of organisations across various sectors. This position typically involves managing financial records, preparing reports, and ensuring compliance with financial regulations. As the demand for financial expertise continues to grow, the career prospects for Finance Officers remain promising.

Average Age: 35-45 years
Gender Distribution: Approximately 60% female, 40% male
Hours per Week: 38-40 hours
Average Salary: $75,000 – $80,000 per year
Unemployment Rate: 3.5% (as of latest data)
Number of People Employed: Approximately 50,000 in Australia
Projected Growth: Expected to grow by 10% over the next five years

These statistics highlight the stability and growth potential within the finance sector, making it an attractive career choice for individuals seeking a rewarding profession. With the right qualifications and experience, Finance Officers can advance to higher roles such as Finance Manager or Chief Financial Officer.

What will I do?

A Finance Officer plays a crucial role in managing an organisation’s financial health. They are responsible for a variety of tasks that ensure accurate financial reporting, compliance with regulations, and effective budget management. This position requires a keen eye for detail, strong analytical skills, and the ability to communicate financial information clearly to stakeholders. Daily responsibilities can vary widely, but they all contribute to the overall financial strategy of the organisation.

Financial Reporting – Preparing and presenting financial statements and reports to management and stakeholders.
Budget Management – Assisting in the development and monitoring of budgets to ensure financial targets are met.
Accounts Payable and Receivable – Managing invoices, processing payments, and ensuring timely collection of outstanding debts.
Compliance – Ensuring adherence to financial regulations and standards, including tax compliance and reporting.
Data Analysis – Analysing financial data to identify trends, variances, and opportunities for improvement.
Financial Forecasting – Assisting in the preparation of financial forecasts and projections to guide strategic planning.
Audit Support – Coordinating with internal and external auditors during financial audits and providing necessary documentation.
Cash Flow Management – Monitoring cash flow to ensure the organisation has sufficient funds to meet its obligations.
Financial Systems Management – Maintaining and improving financial systems and processes for efficiency and accuracy.
Stakeholder Communication – Communicating financial information and insights to non-financial stakeholders in a clear and understandable manner.

What skills do I need?

A career as a Finance Officer requires a diverse set of skills that are essential for managing an organisation’s financial health. Strong analytical abilities are crucial, as Finance Officers must interpret financial data, prepare reports, and make informed recommendations based on their findings. Proficiency in accounting principles and financial regulations is also necessary, ensuring compliance and accuracy in financial reporting. Additionally, effective communication skills are vital, as Finance Officers often collaborate with various departments and present financial information to stakeholders.

Attention to detail and organisational skills are equally important in this role, as Finance Officers handle multiple tasks, including budgeting, forecasting, and financial analysis. Familiarity with financial software and tools enhances efficiency and accuracy in managing financial records. Furthermore, problem-solving skills enable Finance Officers to identify financial discrepancies and develop strategies to address them. Overall, a combination of technical knowledge, interpersonal skills, and a proactive approach to financial management is key to success in this career.

Skills/attributes

Strong analytical skills
Attention to detail
Proficiency in financial software and spreadsheets
Understanding of financial regulations and compliance
Excellent communication skills
Ability to work under pressure and meet deadlines
Problem-solving skills
Teamwork and collaboration
Time management skills
Knowledge of budgeting and forecasting
Adaptability to changing financial environments
Ethical judgement and integrity
Basic understanding of accounting principles
Customer service orientation
Ability to interpret financial data and reports

Resources

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QLD

VIC

ACT

TAS

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How to Become a Finance Officer: Australian Careers in Finance

What is a Finance Officer?

Career snapshots For Finance Officers

What will I do?

What skills do I need?

Skills/attributes

Resources

Career Outcomes