Want a job in finance where you can start at the bottom and progress? Take a look at these entry level financial roles.
Are you interested in a career in finance? If the answer is yes, ask yourself this — how much have you really researched this field? Do you know that there are many jobs available beginning at entry-level?
If you are keen to leave school and get to work with the possibility of working your way up within a company, then an entry-level role might suit you. There are lots of entry-level roles, including accounts payable, accounts receivable and payroll assistant.
Accounts payable clerk
An accounts payable clerk carries out clerical accounting duties related to payments that need to be made including the upkeep and processing of accounts payable transactions.
Finance departments use specialist accounting software and most employers will want you to have some experience with spreadsheet software, which means that a GCSE or A-Level in ICT could be helpful as well as an understanding of basic bookkeeping.
Accounts receivable clerk
An accounts receivable clerk specialises in a company’s incoming money — money that they are entitled to collect for services or goods provided.
Usually you would need to have three A-levels at grade C or above (or equivalent) and GCSEs including maths and English at grades 9 – 4. There are some employers who may want employees with higher educational qualifications but many are willing to accept applicants at entry-level and train them in the skills needed.
A payroll assistant is responsible for gathering and processing information on hours worked and a variety of deductions into a weekly or monthly payroll, and distributing the correct pay and pay related documentation to employees.
There are no set entry requirements for the role of payroll assistant, but GCSEs in maths and English at grade 9 – 4 are standard. It’s possible to move into a payroll position from a role within the HR (human resources) department.
There are lots of opportunities to kick-start your career in finance, both in large multi-national companies and small businesses. There are apprenticeships available as well as school-leaver programmes. You could even take an admin role and work up from here doing some training at work and gaining some relevant qualifications as you go.
Researched and written by Natasha Drewett