FinOps Financial Quality Assurance Engineer

Last Updated:
September 19, 2023

Job Description Overview

A FinOps Financial Quality Assurance Engineer job description includes essential tasks and responsibilities that ensure financial software and systems perform optimally for businesses in the Information Technology industry. These engineers verify the accuracy, security, and user-friendly interface of financial applications and tools, playing a fundamental role in the effective management of an organization's finances.

The primary duties of a FinOps Financial Quality Assurance Engineer involve testing and analyzing financial software, identifying issues and defects, and communicating necessary changes to software developers. These professionals work closely with cross-functional teams to develop and implement improvements to financial systems, thereby ensuring optimal functionality and compliance with industry standards.

Additionally, FinOps Financial Quality Assurance Engineers are responsible for creating and executing test plans, documenting results, and staying updated on emerging trends and best practices within financial technology. This crucial role requires keen attention to detail, analytical thinking, and strong communication skills to drive efficient use of financial resources across the organization.

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Job Duties and Responsibilities

  • Reviewing and analyzing financial data to ensure accuracy and compliance with company policies and industry standards.

  • Identifying inconsistencies or errors in financial reports, documents, and data, and working to resolve these issues.

  • Planning and executing tests for financial systems, applications, and processes to confirm their effectiveness, efficiency, and adherence to established quality standards.

  • Monitoring changes to financial systems and applications to detect any potential negative impacts on data integrity or compliance requirements.

  • Developing and maintaining documentation for financial quality assurance processes, including test plans, test cases, and checklists.

  • Communicating findings from financial quality assurance activities to team members and relevant stakeholders, and providing recommendations for improvements where necessary.

  • Collaborating with cross-functional teams, such as developers, accountants, and financial analysts, to ensure seamless integration of new financial systems and processes.

  • Continuously researching and staying up-to-date on industry best practices and emerging trends in financial quality assurance and incorporating these insights into daily work.

  • Providing training and support to colleagues on financial quality assurance processes, tools, and techniques.

  • Participating in audits and reviews to assess the overall effectiveness of financial quality assurance processes and controls.

Experience and Education Requirements

To become a FinOps Financial Quality Assurance Engineer, one must typically have a bachelor's degree in computer science, information technology, finance, or a related field. Some employers may accept an associate's degree with relevant experience. On-the-job experience is crucial, so internships or previous work in finance, IT, or quality assurance is helpful. A strong understanding of financial operations, FinOps principles, testing strategies, and cloud computing is vital. Meanwhile, good analytical and problem-solving skills, as well as effective communication, are essential for success. Gaining industry certifications can also boost job prospects in this field.

Salary Range

The FinOps Financial Quality Assurance Engineer salary range varies depending on experience, location, and company size. In the United States, the average annual salary is around $75,000, with entry-level positions starting at $55,000 and experienced professionals earning up to $100,000 or more. In other countries such as the United Kingdom, the salary range typically falls between £40,000 to £70,000, and in Canada, it can range from CAD $65,000 to CAD $95,000. Keep in mind these numbers may change depending on factors like cost of living, job responsibilities, and industry standards.

Sources:

  1. https://www.payscale.com/research/US/Job=QualityAssurance(QA)_Engineer/Salary
  2. https://www.glassdoor.co.uk/Salaries/financial-quality-assurance-engineer-salary-SRCH_KO0,32.htm
  3. https://www.glassdoor.ca/Salaries/financial-quality-assurance-engineer-salary-SRCH_KO0,32.htm

Career Outlook

The future looks bright for FinOps Financial Quality Assurance Engineers in the IT industry. This job field is expected to grow in the next 5 years. More businesses depend on technology for their financial operations. This means they need experts to ensure their systems are secure and working well.

FinOps Financial Quality Assurance Engineers play a key role in this process. They test, inspect, and improve technology used in finance. As the IT industry continues to expand, the demand for these skills will increase. This career has a strong outlook and offers job stability to those who pursue it.

Sources:

  1. https://www.bls.gov/ooh/computer-and-information-technology/home.htm
  2. https://www.glassdoor.com/blog/50-highest-paying-college-majors/

Frequently Asked Questions (FAQ)

Q: What does a FinOps Financial Quality Assurance Engineer do?

A: They ensure financial applications and systems have high-quality performance by testing their functionality, designing automated tests, and monitoring results to maintain accuracy and efficiency.

Q: Do I need an accounting background for this job?

A: Having a background in accounting, finance, or a related field is helpful, but not always required. You need strong technical skills, problem-solving abilities, and a good understanding of business processes.

Q: What programming languages should I know for this job?

A: Knowledge of languages like SQL, Java, or Python is beneficial, as well as familiarity with testing tools like Selenium, JUnit, or TestNG.

Q: How does a FinOps Engineer collaborate with other teams?

A: They work closely with software developers, business analysts, and other stakeholders to identify issues, create test scenarios, and ensure financial systems meet business requirements.

Q: What qualifications are required for this job?

A: A bachelor's degree in computer science, finance, or a related field is typically required, along with experience in testing financial software, automation tools, and scripting languages.


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