The average salary for a Finance Assistant in United Kingdom is £20,458.
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What Do Finance Assistants Do?
Finance assistants are tasked with collecting and classifying financial information from all departments of a company to prepare periodic reports for each. They may also oversee standard security procedures for handling the firm's sensitive financial information and maintain data privacy in financial and information technology (IT) equipment information.
Finance assistants may be held accountable for any decisions made based on the data contained in their reports, which often represent lines of…Read more
Finance Assistant Tasks
- Record daily entries and reconcile account balances.
- Record and perform payroll bookkeeping, cost classification, billing, and/or reporting.
- Detect and fix errors with tracking, auditing, data entry, and calculations.
- Calculate and analyze financial data to meet short and long-term requests.
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Somewhat common (8 - 20%)
Finance Assistant Job Listings
What Are Popular Skills for Finance Assistants?
Skills in Microsoft Excel, Accounts Receivable and Financial Reporting are correlated to pay that is above average. Skills that pay less than market rate include General Ledger Accounting and Accounts Payable.
What is the Pay by Experience Level for Finance Assistants?
An entry-level Finance Assistant with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of £19,306 based on 688 salaries. An early career Finance Assistant with 1-4 years of experience earns an average total compensation of £20,108 based on 6,504 salaries. A mid-career Finance Assistant with 5-9 years of experience earns an average total compensation of £22,407 based on 1,632 salaries. An experienced Finance Assistant with 10-19 years of experience earns an average total compensation of £21,628 based on 1,024 salaries. In their late career (20 years and higher), employees earn an average total compensation of £22,402.
Pay Difference by Location
Employees with Finance Assistant in their job title in London, England earn an average of 19.2% more than the national average. These job titles also find higher than average salaries in London, England: London (15.9% more) and Birmingham, England: Birmingham (2.1% more). The lowest salaries can be found in Nottingham, England: Nottinghamshire (13.3% less), Glasgow, Scotland: Glasgow (6.9% less) and Manchester, England: Manchester (6.0% less).
Years of Experience
This data is based on 10,424 survey responses.