Advisory Associate Responsibilities

Advisory associate responsibilities differ with every organization and sector. For instance, a finance advisory associate will deal with the financial and budgetary aspects of an organization, while an IT systems advisory associate will be asked to look into the systems and applications of an organization.

There are many other job titles for this job such as tax advisory associate, HR advisory associate, academic advisory associate, legal advisory associate, etc. This variation in the job titles means that every advisory associate works for a specific department of the company and thus needs special skills and knowledge to fulfill the responsibilities.

The job of an advisory associate is to support the chief advisory or the team of advisories and other specialists through technical and administrative support. Advisory associate performs these tasks so that the advisory/advisories get adequate time to analyze, discuss and deliver solutions as per the client's requirement. For example, an HR advisory associate will look into the departments and processes to analyze the manpower requirements. It will help the chief advisory to suggest recruitment strategies to the client.

To discuss more about the advisory associate responsibilities, we can differentiate responsibilities of different titles of this job.

HR Advisory Associate Responsibilities

• An HR advisory associate helps the chief advisory and the clients in identifying manpower requirements for various departments, processes, and projects.
• He helps the chief advisory in developing recruitment strategies and employment terms and conditions depending on the nature of job.
• He is involved in job evaluations with the chief advisor.
• He may also provide suggestions for staff development through a training program.
• He helps the chief advisory to develop and implement staff evaluation and appraisal procedure.
• He helps to develop the payroll process and breakdown salary structure into different components according to industry standards.

Financial Advisory Associate Responsibilities

• A financial advisory associate retrieves and compiles all the financial information related to the client/organization.
• He presents these records to the chief advisory for further discussion within the team and with client.
• He helps in forecasting future financial trends and developing strategies to use the available finances in the best way possible.
• He performs risk management along with the chief advisory and other specialists to minimize instances of losses for the client/organization.
• He searches for investment options for the clients.

Tax Advisory Associate Responsibilities

• The tax advisory associate examines the business transactions, investments, and other financial records of the client/organization.
• He checks whether the taxable amount has been calculated according to the taxation rules and policies followed in the state.
• He searches and recommends tax saving investments for the client/organization.
• He informs the chief advisor and clients about the amendments in taxation rules and policies.

Academic Advisory Associate Responsibilities

• An academic advisory associate works towards the overall development of students in an educational institute.
• He helps the chief advisory to identify the areas which need improvement to provide better learning and development facilities for the students.
• He counsels the students and helps them to choose a course for further studies.
• He interacts with the students and parents regularly to keep them updated about the students progress in the academic pursuit.

As you can notice, the advisory associate is an aide to the advisory committee or the chief advisory. He helps to deliver timely services and recommendations to the clients for various issues.

Skills of an Advisory Associate

An advisory associate must possess strong research and communication skills along with organizational, presentation, analytical and problem solving skills. He must be able to maintain effective working relationships with the clients and deliver excellent results to ensure client satisfaction.

Becoming an Advisory Associate

Employers search for candidates with at least a bachelor's or master's degree and experience of working either as a full time employee or an intern.

Career Scope for Advisory Associate

An advisory associate can earn around $60,000 to $90,000 annually. The actual salary is based on the candidates experience and competency in the profession.

Advisory associate responsibilities description specifies the nature of this position and the necessary requirements in terms of educational qualifications, skills and experience.