Maintain financial records

Keep track of and finalise all formal documents representing the financial transactions of a business or project.

oversee financial records
maintain financial record
keep financial records
update financial records
maintaining financial records

skill/competence

cross-sector

Maintain financial records is an essential skill of the following occupations:

Import export manager in meat and meat products: Import export managers in meat and meat products install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in perfume and cosmetics: Wholesale merchants in perfume and cosmetics investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Import export manager in agricultural machinery and equipment: Import export managers in agricultural machinery and equipment install and maintain procedures for cross-border business, coordinating internal and external parties.
Real estate manager: Real estate managers handle and oversee the operational aspects of commercial or residential properties such as private apartments, office buildings and retail stores. They negotiate contracts for lease, identify and plan new real estate projects and construction of new buildings by partnering with a developer to identify the appropriate site for new buildings, coordinate the feasibility study for new constructions and supervise all the administrative and technical aspects involved in expanding the business. They maintain the premises and aim to increase its value. They hire, train and supervise personnel.
Import export manager in machinery, industrial equipment, ships and aircraft: Import export managers in machinery, industrial equipment, ships and aircraft install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in household goods: Wholesale merchants in household goods investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Import export manager in hardware, plumbing and heating equipment and supplies: Import export managers in hardware, plumbing and heating equipment and supplies install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in flowers and plants: Import export managers in flowers and plants install and maintain procedures for cross-border business, coordinating internal and external parties.
Energy trader: Energy traders sell or buy shares of energy, sometimes from different sources. They analyse the energy market and investigate trends in prices to decide when to buy or sell shares and ensure the most profit. They make calculations, and write reports on energy trades procedures, and make predictions on the development of the market.
Wholesale merchant in electronic and telecommunications equipment and parts: Wholesale merchants in electronic and telecommunications equipment and parts investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Wholesale merchant in fish, crustaceans and molluscs: Wholesale merchants in fish, crustaceans and molluscs investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Warehouse manager: Warehouse managers assume the responsibility for storage facilities. They manage the operations and the staff within.
Bank teller: Bank tellers deal most frequently with customers of the bank. They promote the banks products and services, and provide information about the customers personal accounts and related transfers, deposits, savings etc. They order bank cards and checks for the customers, receive and balance cash and checks and ensure compliance with internal policies. They work on client accounts, deal with payments and manage the use of vaults and safe deposit boxes
Wholesale merchant in computers, computer peripheral equipment and software: Wholesale merchants in computers, computer peripheral equipment and software investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Trade regional manager: Trade regional managers are responsible for activities and staff in an assigned region for a specific chain of stores.

Wholesale merchant: Wholesale merchants investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Wholesale merchant in hides, skins and leather products: Wholesale merchants in hides, skins and leather products investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Rail project engineer: Rail project engineers maintain a safe, cost-effective, high-quality, and environmentally responsible approach across the technical projects in railway companies. They provide project management advice on all construction projects including testing, commissioning and site supervision. They audit contractors for safety, environment and quality of design, process and performance as to ensure that all projects follow in-house standards and relevant legislation.
Import export manager in perfume and cosmetics: Import export managers in perfume and cosmetics install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in coffee, tea, cocoa and spices: Import export managers in coffee, tea, cocoa and spices install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in pharmaceutical goods: Wholesale merchants in pharmaceutical goods investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Import export manager in office furniture: Import export managers in office furniture install and maintain procedures for cross-border business, coordinating internal and external parties.
Economic adviser: Economic advisers research economic developments and advise on economic problems. They forecast trends and behaviour in economics, and advise on finance, trade, fiscal and other related matters. They advise companies and organisations on techniques to gain economic profit.
Wholesale merchant in meat and meat products: Wholesale merchants in meat and meat products investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Wholesale merchant in dairy products and edible oils: Wholesale merchants in dairy products and edible oils investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Import export manager in wood and construction materials: Import export managers in wood and construction materials install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in metals and metal ores: Import export managers in metals and metal ores install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in watches and jewellery: Import export managers in watches and jewellery install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in machinery, industrial equipment, ships and aircraft: Wholesale merchants in machinery, industrial equipment, ships and aircraft investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Import export manager in dairy products and edible oils: Import export managers in dairy products and edible oils install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in furniture, carpets and lighting equipment: Wholesale merchants in furniture, carpets and lighting equipment investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Wholesale merchant in sugar, chocolate and sugar confectionery: Wholesale merchants in sugar, chocolate and sugar confectionery investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Wholesale merchant in textile industry machinery: Wholesale merchants in textile industry machinery investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Import export manager in textiles and textile semi-finished and raw materials: Import export managers in textiles and textile semi-finished and raw materials install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in coffee, tea, cocoa and spices: Wholesale merchants in coffee, tea, cocoa and spices investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Wholesale merchant in waste and scrap: Wholesale merchants in waste and scrap investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Import export manager in computers, computer peripheral equipment and software: Import export managers in computers, computer peripheral equipment and software install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in office machinery and equipment: Wholesale merchants in office machinery and equipment investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Wholesale merchant in watches and jewellery: Wholesale merchants in watches and jewellery investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Import export manager in mining, construction and civil engineering machinery: Import export managers in mining, construction and civil engineering machinery install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in electronic and telecommunications equipment and parts: Import export managers in electronic and telecommunications equipment and parts install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in agricultural raw materials, seeds and animal feeds: Wholesale merchants in agricultural raw materials, seeds and animal feeds investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Import export manager in office machinery and equipment: Import export managers in office machinery and equipment install and maintain procedures for cross-border business, coordinating internal and external parties.
Packaging production manager: Packaging production managers define and analyse package units in order to avoid damages or loss of quality of the goods packed. They also design the packaging according the specifications of the product and offer solutions to solve packaging problems.
Real estate agent: Real estate agents administer the sales or letting process of residential, commercial properties or land on behalf of their clients. They investigate the property’s condition and assess its value in order to offer the best price to their clients. They negotiate, compose a sales contract or a rental contract and liaise with third parties in order to realize the stated objectives during transactions. They undertake research to determine the legality of a property sale before it is sold and make sure the transaction is not subject to any disputes or restrictions.
Move manager: Move managers coordinate all the resources and activities comprised in moving services. They work together with clients to define the requirements of the service and adapt it to their demands. They manage communication with shipping companies, planners, and movers to assure compliance, business efficiency, and client satisfaction.
Wholesale merchant in china and other glassware: Wholesale merchants in china and other glassware investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Import export manager in china and other glassware: Import export managers in china and other glassware install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in textile industry machinery: Import export managers in textile industry machinery install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in machine tools: Wholesale merchants in machine tools investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Import export manager in beverages: Import export managers in beverages install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in electrical household appliances: Wholesale merchants in electrical household appliances investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Wholesale merchant in textiles and textile semi-finished and raw materials: Wholesale merchants in textiles and textile semi-finished and raw materials investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Wholesale merchant in office furniture: Wholesale merchants in office furniture investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Wholesale merchant in hardware, plumbing and heating equipment and supplies: Wholesale merchants in hardware, plumbing and heating equipment and supplies investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Import export manager in furniture, carpets and lighting equipment: Import export managers in furniture, carpets and lighting equipment install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in mining, construction and civil engineering machinery: Wholesale merchants in mining, construction and civil engineering machinery investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Import export manager in sugar, chocolate and sugar confectionery: Import export managers in sugar, chocolate and sugar confectionery install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in household goods: Import export managers in household goods install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in fish, crustaceans and molluscs: Import export managers in fish, crustaceans and molluscs install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in live animals: Import export managers in live animals install and maintain procedures for cross-border business, coordinating internal and external parties.
Bank treasurer: Bank treasurers oversee all aspects of the financial management of a bank. They manage the liquidity and solvency of the bank. They manage and present current budgets, revise financial forecasts, prepare accounts for audit, manage the bank’s accounts and maintain accurate record-keeping of financial documentation.
Foreign exchange cashier: Foreign exchange cashiers process cash transactions from clients in national and foreign currencies. They provide information on the conditions and exchange rates for buying and selling foreign currencies, make deposits of money, record all foreign exchange transactions and check for money validity.
Import export manager: Import export managers install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in metals and metal ores: Wholesale merchants in metals and metal ores investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Property developer: Property developers buy land, finance deals, order construction projects and orchestrate the process of development. They purchase a tract of land, decide on a marketing strategy, and develop the building program. Developers must also obtain legal approval and financing. When the project is finished, they may lease, manage, or sell the property.
Billing clerk: Billing clerks create invoices and credit memos, issuing them to customers by all necessary means, and updating customer files. They issue invoices to customers and monthly customer statements, update customer files, process credit memos, enter and submit invoices, etc.
Import export manager in machine tools: Import export managers in machine tools install and maintain procedures for cross-border business, coordinating internal and external parties.
Accounting assistant: Accounting assistants record and report ticketing accounting situations to the accountant they work with, verify deposits and prepare daily reports and income. They arrange authorised refund vouchers, maintain the returned check accounts and communicate with ticketing managers concerning any ticketing systems issues.
Financial broker: Financial brokers undertake financial market activities on behalf of their clients. They monitor securities, financial documentation of their clients, market trends and conditions and other legal requirements. They plan buying and selling activities and calculate transactions costs.
Bookkeeper: Bookkeepers record and assemble the day-to-day financial transactions of an organisation or company, consisting usually of sales, purchases, payments and receipts. They ensure all financial transactions are documented in the appropriate (day) book and general ledger, and that they are balanced out. Bookkeepers prepare the recorded books and ledgers with financial transactions for an accountant to then analyse balance sheets and income statements.
Import export manager in tobacco products: Import export managers in tobacco products install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in waste and scrap: Import export managers in waste and scrap install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in chemical products: Wholesale merchants in chemical products investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Wholesale merchant in tobacco products: Wholesale merchants in tobacco products investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Import export manager in clothing and footwear: Import export managers in clothing and footwear install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in clothing and footwear: Wholesale merchants in clothing and footwear investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Wholesale merchant in wood and construction materials: Wholesale merchants in wood and construction materials investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Import export manager in hides, skins and leather products: Import export managers in hides, skins and leather products install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in pharmaceutical goods: Import export managers in pharmaceutical goods install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in fruit and vegetables: Import export managers in fruit and vegetables install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in agricultural raw materials, seeds and animal feeds: Import export managers in agricultural raw materials, seeds and animal feeds install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in live animals: Wholesale merchants in live animals investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Brand manager: Brand managers analyse and plan the way a brand is positioned on the market.
Dividend analyst: Dividend analysts calculate and allocate dividends and interest incomes of a company’s earnings to a category of its shareholders. They assess business systems and processes in order to identify user needs and to deliver appropriate solutions. They also undertake dividend forecasts on amounts and payment schedules and identify potential risks, based on their financial and market price expertise.
Wholesale merchant in beverages: Wholesale merchants in beverages investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Pricing specialist: Pricing specialists analyse production prices, market trends and competitors in order to establish the right price, taking brand and marketing concepts into consideration.

Import export manager in electrical household appliances: Import export managers in electrical household appliances install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in agricultural machinery and equipment: Wholesale merchants in agricultural machinery and equipment investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Wholesale merchant in flowers and plants: Wholesale merchants in flowers and plants investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.
Political party agent: Political party agents manage the administrative tasks of a political party, such as budget management, record keeping, writing of agendas, etc. They also ensure productive communication with governmental bodies, and with press and media.
Import export manager in chemical products: Import export managers in chemical products install and maintain procedures for cross-border business, coordinating internal and external parties.
Wholesale merchant in fruit and vegetables: Wholesale merchants in fruit and vegetables investigate potential wholesale buyers and suppliers and match their needs. They conclude trades involving large quantities of goods.

Maintain financial records is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

Mergers and acquisitions analyst: Mergers and acquisitions analysts oversee the execution of transactions for the purchase, sale, merger or takeover of companies. They negotiate and complete the deal on the client’s behalf, by working closely with lawyers and accountants. Mergers and acquisitions analysts conduct operational and legal risk assessments of a company, assess comparable companies in the market and help with the post-merger integration.
Financial auditor: Financial auditors collect and examine financial data for clients, organisations and companies. They ensure the financial data is properly maintained and free of material misstatements due to error or fraud, that it adds up, and functions legally and effectively. They review lending and credit policies or numbers in databases and documents, evaluate, consult and assist the source of the transaction if necessary. They use their review of the client’s financial governance as assurance to give testimony to the shareholders, stakeholders and board of directors of the organisation or company that all is up to par.
Fundraising assistant: Fundraising assistants provide administrative support for fundraising managers. They target potential donators or sponsors by applying surveys. They process donations and grant payments, maintain electronic and paper filing systems for all grants and donations, acknowledge donations and write thank you letters and maintain fundraising records.
Rail logistics coordinator: Rail logistics coordinator manage shipments by rail including or excluding other transport modes. They coordinate the timely allocation of transport means and equipment and ensure a timely delivery. They design and maintain efficient supply chains for clients and shippers.
Financial manager: Financial managers handle all the matters in reference to the finance and investments of a company. They manage financial operations of companies such as the assets, liabilities, equity and cash flow aiming to maintain the financial health of the company and operative viability. Financial managers evaluate the strategic plans of the company in financial terms, maintain transparent financial operations for taxation and auditing bodies, and create the financial statements of the company at the end of the fiscal year.
Stock trader: Stock traders use their technical expertise of financial markets performance to advise and make recommendations to asset managers or shareholders for a profitable investment strategy, keeping in mind the company’s performance. They use stock market trading operations and deal with a wide array of taxes, commissions and fiscal obligations. Stock traders buy and sell bonds, stocks, futures and shares in hedge funds. They perform detailed micro- and macroeconomic and industry specific technical analysis.
Industrial engineer: Industrial engineers design a vast array of production systems aiming to present efficient and effective solutions. They integrate a varied number of variables such as workers, technology, ergonomics, production flows, and product specifications for the design and implementation of production systems. They can specify and design for microsystems as well.
Manufacturing engineer: Manufacturing engineers design manufacturing processes for different kinds of production processes. They integrate those specificities and constraints posed by the industry or the product being produced with general and wide-spread manufacturing engineering principles into the design and planification of manufacturing processes.
Financial risk analyst: Financial risk analysts correctly identify and review potential risk areas threatening the assets or capital of organisations. They specialise in either credit, market, operational or regulatory risk analysis. They use statistical analysis to evaluate risk, make recommendations to reduce and control risk and review documentation for legal compliance.
Insurance clerk: Insurance clerks perform general clerical and administrative duties in an insurance company, other service institution, for a self-employed insurance agent or broker or for a government institution. They offer assistance and provide information about insurances to customers and they manage the paperwork of insurance agreements.
Payroll clerk: Payroll clerks manage the time sheets and pay checks of the employees. They make sure the information there is correct. Payroll clerks check overtime, sick days and vacation. They distribute the pay checks.
Retail entrepreneur: Retail entrepreneurs organise business processes and concepts in his/her personally owned business.
Pension scheme manager: Pension scheme managers coordinate pension schemes in order to provide benefits in retirement to individuals or organisations. They ensure the daily deployment of the pension fund and define the strategic policy for developing new pension packages.
Human resources manager: Human resources managers plan, design and implement processes related to the human capital of companies. They develop programs for recruiting, interviewing, and selecting employees based on a previous assessment of the profile and skills required in the company. Moreover, they manage compensation and development programs for the company’s employees comprising trainings, skill assessment and yearly evaluations, promotion, expat programs, and general assurance of the well-being of the employees in the workplace.
International student exchange coordinator: International student exchange coordinators lead the entire process of an international exchange study for the exchange students. They manage the students’ applications and admissions, arrange accommodation, be it on a college or university campus or with guest families, and handle all the administration regarding these activities, including the student’s grades and official departing. They function as guides for the (young) international students through their cultural adjustment.

References

1. Maintain financial records – ESCO