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KPO

Finance Analyst

Standard job description

A finance analyst in an outsourcing firm would have to work in one of the following back office services, reference data management, finance and accounting, risk management, ancillary services.

Skills

A finance analyst must possess mathematical skills to solve problems and understand complex calculations that underpin risk assessment. He/she must have the ability to understand written sentences and paragraphs in work related documents.He should have the ability to pay attention to detail and be very organized.He/she must understand written sentences and paragraphs in work related documents and have good analytic and investigative skills.

He/she must be adept in the knowledge of basic Microsoft Excel, Word and Outlook.

Tasks

A finance analyst works in teams specializing in specific areas. Depending on the team assigned an analyst would perform the following functions

Accounting

  • Assisting in the year-end closing process
  • Reviewing and reconciling cash and account balances; assisting in the development of new procedures as needed.
  • Performing complex accounting duties in the preparation of financial documents, records, apportionments, and reports
  • Preparing a variety of accounting forms including journal entries and transfer vouchers

Auditing

  • Preparing and maintaining mandated documents as require.
  • Examining accounting data for accuracy, appropriateness and documentation
  • Auditing documents submitted for payment for compliance

 Client Support/Communication

  • Researching financial record keeping issues and takes appropriate action
  • Providing clients information in both oral and written form
  • Resolving problems and complaints and referring clients to appropriate resources as necessary.

Research/ Reporting

  • Researching and analyzing data to identify, troubleshoot and resolve discrepancies and client inquiries
  • Reviewing grant letters, funding and entitlement reports
  • Analyzing and reconciling outstanding balances
  • Monitoring record keeping procedures for accuracy
  • Creating and designing reports and spreadsheets
  • Creating and maintaining a database to organize, collect and retrieve data into required reporting formats
  • Researching and analyzes financial data for compliance with adopted criteria and standard

Educational Qualifications

Most KPOs seek to recruit MBA pass outs with good working knowledge of Excel and Word.

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