A finance administrator is vital for managing financial records and reports. Financial professionals need analytical skills for activities like forecasting. Skills needed include analytical thinking, accounting, business intelligence. A finance administrator can work in any organization that uses money.
Key Responsibilities
Responsibilities include:
- gathering, analyzing and interpreting financial data
- evaluating and optimizing controls and procedures
- developing budgets
- tracking expenses
- overseeing payroll and taxes
Qualifications and Skills
Qualifications typically required are a bachelor’s degree in accounting or finance with accounting, finance, economics or business administration. 5 years experience is often preferred.
A finance administrator should have proven experience, know accounting software and Excel, understand bookkeeping, and have organization and confidentiality skills.
Core Competencies
To be successful, a finance administrator must have strong communication skills to explain details to clients. Written and verbal skills are crucial. Technology now automates tasks done manually before, such as reconciling accounts, creating reports, and tracking expenses, saving time and reducing errors.
Financial administration manages a company’s finances so its financial system functions correctly. A finance administrator is responsible for the financial management of an organization. They develop and implement financial plans, prepare and monitor budgets, manage accounts receivable and payable, direct investments, and ensure the organization’s financial goals are met.