What 5 Skills to Look for in a New Finance Job Candidate?

The finance department is an integral part of an organization, accountable for preparing and presenting business accounting affairs. This department is the head of the organization, as it manages the salaries and wages from a peon to a director, keeping the purchase and sales in records and total spendings.  

When it comes to hiring finance candidates, employers require the right combination of hard and soft skills in employees to succeed in a financial market. HR managers of an organization are often busy, and they have to deal with multiple tasks that make hiring a tiring job for them. In that case, employers can either opt for a financial recruitment services company or check the below list to find the right talent.  

Top 5 skills required in finance Candidates

1) ‘Client-First’ Mentality  

In a financial organization like banks, putting the client first approach is vital for long-term success. When a person engages with the finance team, everything that is important to sustain in the field can be learned, developed and passed on, but no one can teach the most important thing like “putting clients first”. Therefore, they must know this etiquette prior to joining the firm.  

2) Basic Knowledge of Tax Preparation Software  

A financial candidate’s next skill should have basic knowledge of tax preparation software. Because the finance department significantly deals with tax preparation. Every business deal with taxes, and they require a person who can help them manage them proficiently.   

3) Good Communication Skills  

One of the essential qualities to look for in a candidate is the ability to communicate with clients and employers. In a workspace, a candidate must be capable of delivering information or explaining issues. When hiring a candidate, check whether he can effectively deliver the information, and the listener may be able to understand as well.    

4) Expert in Preparing Financial Statements  

The job of financial personnel is toughest as he has to manage on-paper records of the organization’s business activities and financial positions. The prospective candidates must be familiar with the income statement, cash flow statement and business balance sheet. Having knowledge of these statements is crucial for a financial candidate because it serves as a glance indicator of an organization financial health.   

5) Proficient in Ms-Excel  

In today’s economic environment, besides basic knowledge of different accounting software, the candidate needs to be proficient with spreadsheets. Also, without having proper knowledge of MS-excel is like trying to become a bus driver without a license. The knowledge of Microsoft Excel and spreadsheets is essential for an ideal candidate to read and analyze financial data in them.  

Conclusion  

Finding the ideal candidate is a daunting task, but following the above points can help employers find the person they are looking for. When it comes to financing, businesses often avoid taking risks by hiring immatures, so it is good to partner with a reliable finance recruitment services company like 24-7 Staff to employ the right talent to help in organizational growth.  

24-7 Staff is a leading Financial Services Recruitment in Delhi. It has a team that is proficient in hiring the right talent for any business, including media & entertainment, retail & sales, IT & technology, finance and many more. It provides quick and cost-effective solutions for immediate hiring.