Currently in my first day in a new organization and I’ve been told we haven’t closed the book at all in 2025 HELP!!

Navigating the Challenges of Starting a New Role in Finance

Embarking on a new professional journey often comes with excitement and anticipation. However, my first day at a new organization has presented me with unexpected challenges that have turned this transition into quite the learning experience.

Upon joining the team, I discovered that the financial records for 2025 have yet to be finalized. To put it lightly, this revelation has added a layer of complexity to my initial days. After spending a year in an underpaid project accountant role, I was thrilled to step into a position as a financial analyst. Yet, stepping into this new environment has been anything but smooth sailing.

One of my immediate concerns is team capacity. Currently, three out of eight members in the Accounting department are either on leave or on maternity leave, which has left the remaining team members, including myself, stretched thin. The accounts payable (AP) team member just joined a week ago, while the accounts receivable (AR) member started about a month prior. The clock is ticking, and the pressure is on for me to swiftly familiarize myself with the systems and processes to ensure timely closure of the books.

To further complicate matters, I learned that there have been no bank reconciliations conducted since February. The prospect of catching up on this extensive backlog is daunting, but I understand the importance of accuracy and efficiency in this field, especially as financial reporting is essential for the organization’s operational health.

As I navigate this whirlwind first week, it’s clear that communication and teamwork will be pivotal. I’ve initiated discussions with my colleagues to gather insights and resources, aiming to tackle these challenges head-on. Despite the initial overwhelm, I am hopeful that with perseverance and collaboration, we can bring the financials back on track.

If anyone has tips on managing a steep learning curve while balancing urgent deadlines, your input would be greatly appreciated!