What Can I Do With A National Diploma In Financial Management?

If you have completed your National Diploma in Financial Management, you can explore a number of career paths. Your Financial Management National Diploma enhances your chances of getting hired, as most employers generally look for candidates that have obtained a National Diploma qualification. There are many career opportunities that you can go into, which include:

• Accounting Clerk
• Financial Manager
• Financial Administrator
• Bookkeeper
• Auditor
• Payroll Administrator

Accounting Clerk

An Accounting Clerk is an accounting professional that maintains financial records, generates reports, and records transactions. Accounting clerks may be responsible for clerical and administrative activities.

Salary Expectation – R 14 500 monthly average

Duties

Your duties as an Accounting Clerk will be based around bookkeeping, accounting and financial tasks. Some of your duties will include:

• Offer accounting and clerical assistance to accounting departments
• Prepare and maintain accounting records and documents
• Prepare general ledger statements
• Prepare bank deposits

Financial Manager

Financial Managers are responsible for maintaining the financial health of a company. They perform accurate data analysis and offer advice to senior managers on how to increase profits for the overall success of the company.

Salary Expectation – R 70 257 monthly average

Duties

Your duties as a Financial Manager may include:

• Draw up budgets
• Compile cash flow statements
• Develop strategies to minimise financial risk
• Analyse market trends
• Predict future financial trends
• Interpret and analyse financial information

Financial Administrator

Financial Administrators are professionals responsible for the financial and administrative duties of an organisation. They will oversee all financial activities of a company.

Salary Expectation – R 16 500 monthly average

Duties

Financial Administrator duties may include:

• Manage accounts receivable
• Manage accounts payable
• Perform bookkeeping activities
• Prepare and monitor ledgers and budgets
• Prepare and process payroll

Bookkeeper

Bookkeepers are an important part of a business. They are responsible for managing the financial books and statements of an organisation. They record and maintain the financial activities of a company. 

Salary Expectation – R 17 500 monthly average

Duties

Your duties as a Bookkeeper may include:

• Data entry
• Monitor debits and credits
• Manage financial records
• Reconcile and maintain general ledgers
• Reconcile entries in the accounting system

Auditor

Auditors are responsible for analysing and reviewing the accuracy of the financial books of an organisation. They have to ensure that the recorded businesses reports correspond with the transactions. They also have to ensure that organisations are following all tax laws.

Salary Expectation – R 43 497 monthly average

Duties

Auditors have to perform the following duties:

• Compile audit reports
• Comply with auditing standards
• Offer negative opinions
• Offer assistance in investigation

Payroll Administrator

A Payroll Administrator is responsible for ensuring that all employees in a company are paid accurately. They will review timekeeping in formation, prepare, process, and distribute all payments to employees.

Salary Expectation – R 18 000 monthly average

Duties

Duties for a Payroll Administrator are as follows:

• Calculate payable hours, deductions, tax, and commissions
• Manage payroll related issues
• Educate staff about salaries and benefits
• Issue of wages and salaries
• Maintain employee bank records where necessary