What Does a Finance Specialist Do? Roles, Responsibilities, and Capabilities

Specialist Overview

Role:
An expert responsible for managing a specific area of finance, such as payroll, tax, or accounts payable/receivable.

Key Responsibilities:

• Handle specialized tasks (e.g., payroll processing, tax compliance, AP/AR management)

• Maintain up-to-date knowledge of regulations and industry standards

• Ensure accuracy and compliance in their area of expertise

• Support audits and respond to regulatory inquiries

• Advise management on best practices and process improvements

Core Capabilities:

• Deep technical knowledge in their specialty (payroll, tax, AP/AR, etc.)

• Regulatory and compliance expertise

• Proficiency with specialized software and systems

• High level of accuracy and attention to detail

• Problem-solving and process improvement skills

Typical Experience/Expertise Needed:

• Diploma, certification, or degree relevant to their specialty (e.g., PCP for payroll, CPA for tax, etc.)

• Two to five years of experience in the specific area

• Up-to-date knowledge of Canadian regulations and standards

• Experience with specialized finance or payroll software

• Strong communication and organizational skills

Savvy CFO Advice Box

A dedicated Specialist keeps your business onside with the latest regulations and frees up your team to focus on growth and strategy.

Need help finding or training a finance specialist? Contact your Savvy CFO for support.