Financial services industry is an extremely popular field to enter nowadays. Whether you are a financial analyst, planner or advisor, financial skills are best developed right at the workplace.
It is not enough to work hard - one must write an efficient resume to enter the industry. This article will tell you which job skills you need to develop to acquire finance qualifications and apply for job positions in the finance industry.
What is Finance?
Specialists in finances are professionals who manage the company’s finances and make all financial decisions. Analytical ability is a must skill for all financial professionals because of the need to forecast the company’s financial future yet make effective decisions.
Other finance job requirements you will meet in a job description of a financial specialist are:
- Keeping responsibility for the allocation and the management of the company’s resources;
- Evaluating the cash flow trends;
- Analyzing the financial data;
- Predicting the company’s profit and expenses.
Finance Technical Skills
Hard skills like the strong knowledge of computer software and applications are the core ones for a financial specialist and their future of work in finances.
Knowing how to insert and present the financial data in Microsoft Excel is not enough. The whole list of finance technical skills is long, but the main hard skills are as follows:
- The knowledge of statistical and financial modeling software along with business intelligence software;
- The knowledge of financial management systems and automation software tools;
- Analytical skills;
- Superb knowledge of advanced mathematics;
- Presentation skills;
- Problem-solving skills.
Finance Non-Technical Skills
Nowadays, efficient soft skills in finances are necessary for a professional to build a career. Among the most demanded soft skills needed for finance are:
- Interpersonal skills. Financial specialists often work in teams;
- Communication skills. You may work alone. But you need communication skills to persuade other specialists in the effectiveness of your financial plans and decisions;
- Organizational skills. You should know how to organize financial information like figures and numbers in databases and spreadsheets.
Core Finance Skills To Get the Job
Your future success in the field can be easily predetermined by the skills you mention in your resume. If your skills are well-organized and match the job description, the chances that the recruiter will like your job application are high.
The main top skills for finance to have as an expert in managing one’s money are:
- Problem-solving skills;
- Communication skills;
- Analytical skills;
- Accounting skills;
- Project management skills.
Problem Solving Skill
Solving problems comes both in literal and metaphorical meanings in the skills for finance. A financial specialist solves math equations and searches for the most effective solution for the company’s debts. As a financial professional, you will have to solve problems under the pressure of deadlines and the company’s top management. Yet, be ready that for your financial plans and predictions to be effective, your problem-solving skills must be superb.
If you always thought that financial specialists sit in dusty rooms and solve math equations, you have been wrong all this time. Not only do specialists in finances know advanced mathematics, but they also have amazing communication skills. Having great communication skills in your finance skill set means that you are capable of presenting your ideas in oral, verbal, and written communication. This also means you are able to persuade the audience respectfully.
The main skill to acquire if you want to impress the recruiter with your breathtaking finance qualifications. A specialist in finances must recognize, prioritize, and forecast the company’s financial trends. Having analytical skills implies that a person can effectively utilize data analysis or financial analysis in order to solve specific problems. Mix this skill with your communication skills, and you can easily give the most intelligent response to your team’s supervisor.
The most basic skill in the set of skills required for finance. As a financial specialist, you need to possess the knowledge of maths formulae. You will use the latter in to calculate budgets and manage the ledger. You also must know how to apply the
accounting principles and standards, as well as how to work with financial statements in the accounting programs.
Some finance job requirements will include project management skills. Usually, such a job description targets senior finance specialists with vast management experience. Being good at project management means being able to plan and control the work of teams or the entire finance department.
As a financial manager, you will set up the schedule for the team members and plan budget deadlines. Yet your leadership and interpersonal communication skills will also contribute to your development as a project manager.