teamlead finance

What does a teamlead finance do during their typical workday? This job includes a lot of variety depending on where you work. However, your main purpose will always be to guide your coworkers as they work to achieve financial goals. To carry out these tasks, your job duties will likely include:

• performance tracking: Your job often includes setting metrics and ensuring team members meet these goals on time. To track performance, you'll use software or track things manually with paperwork.
• scheduling tasks: Typically, other supervisorial staff will give you broad goals such as "prepare taxes." You'll then break these goals into clearly defined tasks and assign the tasks to different team members.
• facilitate communication: One of the key duties of any finance team leadership role is to assist with communication. You'll pass messages between different members of the staff. Some teamleads will even communicate with clients.
• preparing financial reports: You'll take all the information you learn in your role and create reports to share with others in the workplace. This allows you to clearly and concisely explain what happens in your department.
• assisting with financial tasks: As a teamlead, you'll spend a lot of time delegating, but you'll also do some financial work yourself. This position often requires you to be versatile and take on any other tasks team members need help with. You might make budgets, record income, or draft documents.
• ensuring compliance: You study all government guidelines and make sure your team follows them. In fields like lending, this might involve properly servicing mortgages, and in fields like banking, this could involve properly storing data.

Like many other jobs in the financial industry, being a team leader is mostly an office job. You'll spend most of your time indoors sitting at a desk. However, there is still a lot of variety in your work environment. Since you're overseeing so many people, you may travel around the workplace and spend a lot of time in conference rooms as well. If your job responsibilities include meeting with clients or other branches, you'll travel outside the office, too.

Almost all finance team leads work with office support staff like office administrators and receptionists. You'll also spend some time with managerial and executive types such as marketing managers or sales directors. Depending on the workplace, you'll also be working directly with financial specialists such as accountants, bookkeepers, or underwriters.

Finance team leaders usually follow traditional office hours. You typically work between around 9 a.m. to 6 p.m. on weekdays. The job often includes regularly scheduled lunch breaks and gives you time off for traditional vacations.

This position is a full-time, permanent role for most team leaders. You're often in the workplace as long as your team is there. During times when your company is especially busy, you'll find yourself working longer hours. When doing things like preparing quarterly reports, you might find yourself working nights or weekends.

The financial industry continues to grow, so there is a big need for team leads. Depending on how much of a managerial role you take on, data suggests job growth of up to 17% in the financial industry. This faster-than-average job growth rate means there are plenty of positions opening up for team leaders. You can choose from a variety of jobs and find the best one for your needs.

Being a teamlead finance also comes with a lot of exciting growth potential. For many people, it's the stepping stone from an entry-level finance career to an executive one. This position gives you the chance to refine your management skills and get experience leading others. Certifications like Certified Management Accountant, Chartered Financial Consultant, and Certified Public Accountant can all help you improve your skills and find even better job opportunities.

Working through Randstad offers you a range of benefits:

• being paid weekly
• flexibility
• always a contact person you can fall back on and ask for help from
• many training opportunities
• a range of jobs in your area

Want a permanent contract? But you wonder why it would be interesting for you to work with a staffing company? A temporary job as a teamlead finance is often a stepping stone to an attractive permanent job. Every year, thousands of people earn a permanent contract with great employers thanks to a temporary job found through Randstad. What's more, many companies recruit their permanent employees through Randstad, too!

Good team leaders are often friendly, motivated people who work well with others. However, you don't necessarily have to be a charismatic extrovert to become a finance team leader. Technical expertise and a deep knowledge of how the finance industry works can often help you succeed even if you're on the quiet side.

As a team lead in finance, you take on more of a mentorship role than a boss role. You aren't usually the one hiring, firing, and punishing people, and you don't make decisions on behalf of the company. You do tell people what to do when delegating tasks, but this isn't a position with a lot of authority.

It's helpful to think about what part of the finance industry you want to work in and pick a major that targets that sector. Finance and accounting are always popular choices. Other useful options include economics, business administration, international business, and mathematics.

There's a lot of overlap between these two positions. However, team leaders tend to be more focused on individual workers. Instead of jumping from project to project, you stick with the same group of people over time. Being a teamlead is a more detailed position that focuses on day-to-day tasks in the workplace.

Yes, it's worth it. You might be making the same amount as you would in a non-supervisory finance role, like a senior accountant or investment advisor; however, the leadership role you take on is a great way to expand your resume and gain experience for future jobs.

Applying for a teamlead finance job is easy: create a Randstad profile and search our teamlead finance jobs for vacancies in your area. Then simply send us your CV. If you do not have a resume, no worries. Just check out our resume builder. This state of the art tool will help you to create your own resume. Need help with your application? Check out all our job-hunting tips!