| Detail | For this role |
|---|---|
| Department | Finance and Accounts |
| Level | Manager |
| Reports to | Finance Manager |
| Direct reports | Finance Executive, Accounts Officer |
| Experience | 3 to 5 years in finance or accounts |
Assistant Finance Manager job description template
Copy this job description, replace the text in square brackets and post it on your careers page or a job portal.
Job title: Assistant Finance Manager
Department: Finance and Accounts
Reports to: Finance Manager
Location: [City], [office, branch or site]
About the role
An Assistant Finance Manager supports the Finance Manager on reporting, budgeting and banking, and owns clearly defined tasks in the monthly cycle. They compile MIS, track budgets, help with cash flow and coordinate compliance, building the skills to run finance for a unit. The role reports to the Finance Manager. A good Assistant Finance Manager delivers accurate reports on time, keeps the manager free for analysis and decisions, and is ready to step up when the chance comes.
Key responsibilities
- Compile the monthly MIS pack and variance notes for the Finance Manager to review.
- Track actual spend against budget by department and flag overruns early.
- Help prepare cash flow statements and short term fund flow forecasts.
- Coordinate GST, TDS and other filings prepared by the accounts team.
- Support the annual budget with data gathering, templates and consolidation.
- Review payments and staff reimbursements within the authority given to the role.
- Maintain finance trackers for receivables, payables, provisions and pending approvals.
- Support statutory and internal audits with schedules and reconciliations.
- Prepare ad hoc analysis and reports requested by the business.
- Guide finance executives and check their work before it goes up.
Requirements
- MBA in Finance, CA Inter or M.Com
- Good reporting and Excel skills
- Knowledge of Indian compliance basics
- 3 to 5 years in finance or accounts
KRAs and KPIs for a Assistant Finance Manager
Key result areas for the appraisal form, each with a KPI you can measure every month or quarter.
| Key result area | How to measure it |
|---|---|
| Report timeliness | MIS pack ready for review within the agreed days after close every month |
| Budget tracking | Spend against budget updated and shared with owners each month |
| Accuracy | No rework needed on reports for data errors more than once a quarter |
| Compliance support | Filing inputs ready before due dates so nothing is filed late |
| Cash tracking | Fund flow forecast updated weekly with no surprise shortfall |
| Audit support | Assigned audit schedules delivered on the agreed date |
Skills and tools
Tools used day to day: Advanced Excel, Tally Prime, SAP, Power BI, GST portal.
Reporting line and career path
Next roles: Finance Manager, Senior Finance Manager, FP&A Manager
Interview questions for a Assistant Finance Manager
- Walk me through the MIS pack you prepare each month.
- How do you track budget versus actual across many departments?
- How do you build a simple cash flow forecast for the month?
- How do you make sure your reports are error free before they go up?
- How do you support the Finance Manager during a busy close?
- Tell me about an analysis that changed a decision.
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What does an Assistant Finance Manager do?
An Assistant Finance Manager supports the Finance Manager on reporting, budgeting and banking. They compile MIS, track budgets against actuals, help with cash flow, coordinate compliance and support audits, while guiding finance executives. The role builds the skills to run finance for a unit and reports to the Finance Manager.
What is the difference between an Assistant Finance Manager and a Finance Manager?
A Finance Manager owns finance operations for a unit and makes the calls on reporting, cash and controls. An Assistant Finance Manager supports the manager, owns defined tasks and prepares the analysis. The assistant is being prepared to take on the full role, so accountability and decision making are the main differences.
What qualifications does an Assistant Finance Manager need?
Most Assistant Finance Manager roles ask for an MBA in Finance, CA Inter or an M.Com with strong reporting and Excel skills and around three to five years of experience. A working knowledge of Indian compliance and an accounting system such as Tally or SAP helps a lot in this role.