Skills Ladder: FinOps Associate

FinOps Associate (2023/24)

FinOps Associate (2023/24)

Category

Salary bands

Technical (Fix your own bike)

Behavioural (Be yourself)

Associate 0

15 lakh

Basic knowledge of UK accounting treatments (UK GAAP) Manages the bookeeping Keeps finance inbox at mailbox zero Clears bank reconciliations down to zero weekly, with any unreconciled items followed up Competent in use of bookkeeping software, such as Dext Takes ownership of BAU (eg. bookkeeping, unreconciled statements, etc) Utilises Process Street - or equivalent - to complete work within deadlines Asks questions to help understand the Partner’s business Takes ownership of some basic month end tasks (eg. prepayments, accruals) depending on complexity Sets up payment runs for review by FinOps Managers

Absorbs information by reading through wikis Has the confidence to ask plenty of questions Has basic email and communication skills. For example, uses internal Slack channels to provide updates on progress Proactive in approaching BAU tasks Cognizant of smaller details in BAU work

Associate 1

15 lakh

Performs basic month end tasks (eg. prepayments, accruals) other than basic bookkeeping and reconciliations Looks for opportunities to assist with management accounts and provides analysis where relevant Prepares payroll for review, with any queries/changes highlighted to the FinOps Manager Manages VAT returns independently Comfortable managing Dext, using automation where possible Comfortable taking up ad-hoc queries Able to critically analyse financial data from a reporting perspective; highlighting unusual items Possesses basic knowledge of Coda and Process Street, using them to effectively undertake BAU tasks

Confident raising queries and concerns on Partner channels Participates in weekly internal and external (where relevant) catch ups Communicates openly about their priorities and work with Managers Being able to manage Partner expectations around BAU tasks & any direct Partner requests outside the normal BAU scope

Associate 1.5

16 lakh

Prioritises month-end tasks, completing them on time. Utilises automation where possible Possesses complete ownership of BAU (eg. bookkeeping, unreconciled statements, etc), clearing down problem items without Manager input Updating Process Street and Coda with any updates to processes/systems as required Owning BS reconciliations, where relevant Confident reviewing receivables and suggesting methods to communicate any issues. For example, emailing customers to chase possible bad debt Prepares payroll and attempts to clear any issues proactively ahead of Manager review Confident collating information for R&D (with direction from Manager) and possesses a basic understanding of the Quantico R&D template Recommends process improvements for BAU, where possible

Confident in communicating with Partners via email and other written communication (ie Slack) Confident in raising issues internally Demonstrates interest in FinOps Manager tasks, looks for opportunities to assist with these Competent managing own priorities, communicating any changes as required

Associate 2

18 lakh

Contributes to month-end analysis (Partner dependent) Comfortable preparing management accounts Owns payroll entirely, clearing any complications/changes without Manager input Taking control of the credit control process Obtains costs information around R&D directly from Partners Assists Managers with queries and confident in their ability to help clear down tasks Challenging choice of process or software and recommending options In addition to recommending suggestions, also implements changes/innovations/automations Ensures accuracy of Process Street checklists and Coda (or equivalent) for handovers

Confident in communicating with Partners, whether by written or verbal communication Able to adjust focus to critical tasks or priorities and communicates any changes as required Avoids the tendency to excessively accommodate partners Effectively manages workload, avoiding the need to work overtime with partners

Associate 2.5

21 lakh

Owns payroll, month-end, management accounts, preparing PL, reconciling BS Ability to comment on variances in BS Comfortable generating custom reports for month-end Assists Managers with reporting Assists with year-end accounts, due diligence requirements, where relevant Suggests improvements and format changes in month-end Conducts independent research to back up software recommendations with appropriate data and evidence to support the recommendation Possesses strong knowledge of Coda and PS (or equivalent) functionalities. Comfortable in implementing changes without Manager input

Owns projects and delivers on them, with strong communication both internally and with Partners Confident working in the absence of a FinOps Manager. Proactively checks if there are scheduled Partner calls during Manager absence and step in to fill the role of the Manager on these calls Demonstrates initiative in asking for more complex work Is assertive in communicating and confident in decision-making, ensuring the team’s objectives are met without succumbing to people-pleasing behaviors Recognises the importance of setting boundaries and communicating effectively to avoid overtime with partners for a sustainable work environment

Associate 3

21 lakh +

Confident in managing Partner work in absence of a Manager Expert in VAT returns, dealing with variances and missing receipts Confident preparing management accounts, understanding trends and variances and suggests improvements, where relevant Recommends improvements for payment run processes Having been provided working papers, confident preparing R&D in Taxfiler for review and submission by a Manager Efficient in using Coda and other wider software stacks within Quantico Confident changing the existing software or providing viable alternatives of software Looks for opportunities to answer queries in AMA channel Supports Managers and Leads in maintaining Coda or other (particularly at the time of transition of new partners)

Takes up new projects indepedently Offers support to other Associates in navigating Partner work through training and coaching Utilises their experience to improve the general Associate experience Brings in more innovations that help the wider team and not only Associates or Partner teams Exemplifies strong individual decision-making skills, avoiding the tendency to prioritise partner satisfaction Demonstrates the ability to set personal boundaries and effectively manage workload

There are no rows in this table

⁠

FinOps Associate (old)

FinOps Associate (old)

⁠

FinOps Associate [Archive]

FinOps Associate [Archive]

⁠

Want to print your doc?
This is not the way.

Try clicking the ⋯ next to your doc name or using a keyboard shortcut (

CtrlP

) instead.