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Financial Technician: Key Skills, Qualifications and Career Path

Learn about the key skills, qualifications, and career path for a Financial Technician

On this page

– What is a Financial Technician?

– Skills

– Qualifications & Education

– Career Path

– FAQ

What is a Financial Technician?

A Financial Technician assists accountants and other finance professionals in managing an organisation's financial matters. This can involve monitoring financial records, helping with audits, and carrying out various accounting tasks.

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Skills

Proficiency in financial software and accounting systems
Strong numerical and analytical skills
Attention to detail and accuracy in financial data entry and analysis
Knowledge of financial regulations and compliance procedures
Ability to prepare financial reports and statements
Excellent communication and interpersonal skills
Time management and organizational abilities
Problem-solving and critical thinking skills
Ability to work independently and as part of a team
Strong understanding of financial principles and concepts

Qualifications & Education

No formal academic requirements needed for Financial and Accounting Assistants in the UK
Professional qualifications are available from the Association of Chartered Certified Accountants and the Association of Accounting Technicians
These qualifications can be linked to NVQs/SVQs in Accounting at Levels 2, 3 and 4
Exemptions to professional examinations may be granted to those with certain academic qualifications

Career Path

Financial Technician

Financial Analyst

Investment Banker

Portfolio Manager

Chief Financial Officer

Accountant

Finance Manager

Chief Financial Officer

Risk Analyst

Risk Manager

Chief Risk Officer

Tax Consultant

Tax Manager

Tax Director

Auditor

Internal Auditor

Chief Audit Executive

Frequently Asked Questions

What qualifications do you need to be an accounting technician?

To be an accounting technician in the UK, employers typically look for up to 5 GCSEs at grades 9 to 4 (A* to C), including English and maths. A level business studies, maths, economics, or equivalent qualifications could also be useful. Previous experience in office work or working in an accounts or finance department would be helpful.

Who is a financial technician?

A financial technician is a professional who is responsible for preparing, adjusting, maintaining, and reviewing financial records. They record financial data related to costs, expenditures, and receivables, compile this data, and prepare written reports summarizing accounting transactions.