The Finance Department manages money, working with budgeting, forecasting and investing. There are numerous roles within finance that support businesses on an operational level and help with day to day running. This team works across projects, completing quarterly budgeting reports and balance reconciliations. With many working areas, this department provides financial support to Head office staff.
Payroll:
Payroll processes employee payment for their service to a business. Payroll executives create and maintain records, entering information onto a central management system. They are the first contact for any staff payroll queries. Careers in Payroll are likely to start as a Payroll Assistant and work your way up to Senior Payroll Executive.
Accounts:
Accounts keep track of company’s finances from a holistic viewpoint. Their responsibilities including; tracking transitions and forecasting financial operations. Evaluating these elements and analysing data, they then make financial recommendations. Progression within the accounting sector may need further qualifications to become a Charted Accountant.
Credit Control:
Credit control teams manage existing business debts, deciding whether to loan money to a creditor. They check credit ratings and ensure payments are punctual. Credit controllers are also responsible for debt recovery. They manage legal issues which arise from unrecoverable debt and liaise with Sales. If you decide to pursue a career in credit control, you can become a Credit Control Manager or work as a Credit Control Agent freelancing.
Examples of roles within Finance:
- Financial Controller
- Credit Control Agent
- Accounts Payable Adviser
- Financial Accountant
- Brand Accountant
- Finance Administrator
- Payroll Officer/Coordinator
- Payroll Analysist
London College of Fashion courses relevant to careers in Finance:
This list is not exhaustive. It is only an indication of directly connected LCF Courses.