When applying for a finance job, it is essential to include a finance cover letter alongside your other application documents. Whether it is a bank teller, an accountant position, or an entry-level position, you must have a cover letter. Apart from your résumé, your prospective employer will need a good cover letter from you.
Hiring managers always look through various résumés to pick the most suitable candidate. Therefore, it is essential to include a cover letter in such a competitive field. A cover letter offers a shorter and more effective version of your résumé, which helps the hiring individual to learn more about you. This way, you increase your chances of being considered.
With a finance cover letter, you are more likely to stand out among other job applicants looking for the same position as you. A good cover letter is a difference between advancing in your finance-related career and not being able to get that job position you have always wanted. Through this article, you will be able to write a unique cover letter as it will increase your chances of getting an interview.
What is it?
A finance cover letter is an official document written by a job applicant to highlight their skills, experiences, achievements, qualifications, and even career aspirations to their prospective managers or employers. In addition, with a cover letter, you can express your interest in the specific job position you are applying for.
As a job applicant, you need to write a finance cover letter in a way that attracts your prospective employer to reach out for an interview. Focus on mentioning your specialization, expertise, previous work responsibilities, and achievements related to the current finance job you are applying for.
Why is it Necessary to Write it?
Writing a finance cover letter is necessary when applying for a finance-related job. The cover letter plays the following purpose to benefit your application process:
- A finance cover letter is meant to present the summary of the actual ‘you’ and the ‘you’ present in your résumé. It creates a balance between your personality and professionalism.
- It also offers the hiring manager a grasp of your skills and experiences concerning the job you are looking for.
- It is a document that your prospective manager will go through to establish that you know the kind of job candidate the company wants to hire.
- Finally, this cover letter will offer you a chance to express yourself to the hiring manager before you get a chance to sit for an interview.
The finance field is competitive; having a correctly formatted letter is a way of increasing your chances of being considered for the job. Therefore, you need to observe the following formatting instructions when writing a finance cover letter:
- Ensure your cover letter is short and clear by writing 200 to 350 words. Your cover should be one page long.
- Use font size 12 to ensure that your letter is readable and presentable. Your font size in the cover letter should be similar to your résumé.
- Set your margins at 1 inch at the top, bottom left, and right sides of the letter.
- Ensure you have an introduction, body paragraphs, and a conclusion in your finance cover letter. Also, you need to have a header that has the sender’s and recipient’s contact details. You should also include You should also include a professional greeting before starting on the introduction.
- Ensure to left align and single-space all the text on your cover.
What to Include?
There are specific details that must be included in your finance cover letter. With the following information, you will have an effective cover letter that will help you stand out among other job applicants.
Identify yourself and the job position
The first part of the cover letter involves introducing yourself to the hiring manager alongside the job position you are applying for. It would be best if you wrote your introduction in a way that relates to the company to grab the attention of the recipient of the letter.
Write about your previous job
The next thing you need to do is briefly explain your previous job and how you were while you worked at your previous company. Ensure that all the information you provide is truthful since the hiring manager might decide to contact your previous employer. Next, you can list the skills you have that benefitted the company concerning the finance job position you are applying for. Ensure that you do not just list these skills but also highlight how they made a difference while you worked there.
Highlighting your relevant skills
You should also explain what makes you the most qualified candidate for the job by highlighting your relevant skills in your finance cover letter. You should include your hard skills, technical ones, and soft skills like proper communication. The following are some of the skills you can include for a finance position: critical thinking, analytical skills, accounting software, ability to work under pressure, adaptability, teamwork, time management skills, organizational skills, patience, problem-solving, initiative, leadership skills, knowledge of economic and accounting principles.
Write, why should they choose you
It would be best to mention what you will bring to the company and why they should choose you. Ensure that you write briefly and humbly. You can provide quantified information to provide the hiring manager with an understanding of how they will benefit from choosing you.
Discuss why you want this job
The letter should focus on your praises and show that you understand what the company is looking for and how it will benefit your career path. You can mention what you like about the company that makes you want the job. Also, you can include how much you are willing to work with them for an extended period.
Write a call-to-action statement
The final part of the letter is a call-to-action statement and a pitch that summarizes your cover letter. Finally, you can finish the letter by making an offer, such as requesting an interview, to show how interested you are in working at that particular company. Again, ensure that you are convincing enough by including your contact information at the bottom of your letter.
Template & Sample
Here is a finance cover letter template that you can use to guide when writing your own.
[Your full address]
[Your phone number]
[Your email address]
Dear [Recipient’s Name]
I am writing this letter regarding [mention the job position] as advertised on your [mention where you saw the vacancy]. I have been a [mention your previous job position] at [name the company] for a period of [mention the years]. During my time there, I was able to [write more about your previous job]. In addition, I managed to help the company in [include how you made a difference at your previous workplace].
With my [highlight all your skills], I believe that I am a suitable candidate for the [name the job position]. Moreover, I believe my [mention a relevant skill] will help me [mention how your skill makes you qualified for the job position]. Also, I intend to use my [highlight your experience] to benefit the department greatly.
With me being part of your company, I believe that the company will be able to [mention how the company will get benefits after hiring you]. I am passionate about [mention the job position] and working for your company. I believe that I am the perfect fit for [name the job position], apart from [summarize your relevant abilities]. I appreciate your time and consideration and would like to [include a call to action statement]. Please feel free to contact me on my given contact information.
555, Anywhere Street
20th February 20xx
ABC Company Ltd.
34 CA, Main Street
Dear Mr. Levy,
My name is Leah Jacobs, and I am writing this letter regarding the vacant accounting position in your company. I want to apply for the accountant position as I believe that I have all the requirements you mentioned on your website. I have been an accountant at XYZ Company for the last five years. I have successfully prepared company financial reports, analyzed financial data, and offered consultation services to other companies. In addition, during my time at XYZ, I was able to develop a financial program to help small businesses keep track of their finances.
I am proficient with Microsoft Office Suite and possess other necessary computer skills. I consider myself analytical, a critical thinker, and an individual with excellent communication skills. I also have time management skills, Mathematical aptitude, teamwork spirit, and I pay great attention to details. In addition, my abilities in financial reporting and analysis, account reconciliation, and enterprise resource planning software makes me a suitable candidate for the accounting position.
With me working at your company, I will be able to initiate new financial programs that would benefit the accounting department and the company in general. As an accountant, I will task myself to adhere to the company’s accounting practices improving the income generated. I will also benefit the company because I have the knowledge required to deal with internal and external auditors.
Working at ABC has always been my career dream since I became an accountant. Your company offers the best when it comes to taking care of its employees, gaining contacts, and expanding one’s experience in finance. I would greatly benefit from working at this company. I believe that I make the perfect candidate for the accountant position. Please feel free to reach out on my given contact information.
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Tips for Writing
It would be best to consider special considerations when writing a finance cover letter. These tips will help you craft an effective cover letter and help you increase your chances of getting the job. Here are some tips you should know when writing your finance cover letter:
Avoid generic cover letters
Ensure you write a unique cover letter and avoid generic cover letters. You are likely to forget to include the correct information with generic cover letters. This will make the hiring manager realize that you are not a professional.
Keep authentic tone
Always use an authentic and welcoming tone to write your finance cover letter. The best way to ensure that you use an authentic tone is by writing the cover letter from scratch. Also, your hiring manager will appreciate that your cover letter is sincere and not copied from somewhere else.
Avoid repeating resume
The information you mention in your résumé should not be repeated in your finance cover letter. However, you can introduce new skills in your cover letter that you have not mentioned in your résumé. To avoid repetition, try and tailor your résumé to address the finance job position’s specifications.
Emphasize your attention to detail
When listing your skills, you must mention that you pay attention to detail. Finance involves a lot of calculating, which means that having a keen eye for detail is essential. With your ability to pay attention to detail, the hiring manager will view you as an individual who can perform financial data analysis and has a high accuracy level.
After writing your cover letter, ensure that you proofread and edit the letter.This way, you can edit out any spelling and grammar mistakes. Also, with a well-written and adequately proofread cover letter, the hiring manager will view you as a professional.
Whether it is an entry-level job or an advanced position, you need to include a finance cover letter in your application when it comes to finance-related positions. Most hiring managers are always looking for an aspect that makes a prospective employee stand out. Therefore, having this cover letter will help you stand out among other applicants.
With a finance cover letter, you will be able to highlight all your skills, qualities, experiences, and achievements. Use the template and sample provided in this article to create a convincing and compelling cover letter. Also, you can use the guide provided in this article to write an excellent cover letter to help you secure the interview for the finance job position you are applying for.