What is an finance administrator job?
A finance administrator job is a financial management position that requires an individual to handle administrative support for a company's financial operations. Finance administrator jobs are essential roles for any company, as they ensure the smooth running of the finance department. They are responsible for managing the company's financial data, processing invoices, maintaining financial records, and monitoring budgets.
What usually do in this position?
A finance administrator job entails a wide range of responsibilities. The day-to-day duties of a finance administrator depend on the company they work for, but some of the most common tasks include:
- Managing the company's financial records, including accounts payable/receivable, budget spreadsheets, and payroll.
- Ensuring that all financial data is accurate and up-to-date, by reconciling bank statements and investigating discrepancies.
- Processing invoices and payments to vendors, suppliers, and other stakeholders.
- Preparing financial statements and reports for management.
- Assisting with the creation and management of budgets.
- Liaising with other departments, such as HR and IT, to ensure that all financial data is accurate and up-to-date.
Top 5 skills for the position
Here are the top 5 skills required for a finance administrator job:
1. Attention to detail: A finance administrator must be meticulous and have an eye for detail to ensure that all financial data is accurate.
2. Analytical skills: A finance administrator should have strong analytical skills to process financial data efficiently and identify trends.
3. Communication skills: A finance administrator must be able to communicate effectively with colleagues and stakeholders to ensure that all financial data is accurate and up-to-date.
4. Time management: A finance administrator must be able to manage their time effectively to meet tight deadlines and ensure that all financial data is processed promptly.
5. Technical skills: A finance administrator must be proficient in using financial software and tools, such as Excel and accounting software, to perform their duties effectively.
How to become this type of specialist
To become a finance administrator, you typically need a degree in accounting, finance, or a related field. Some employers may accept candidates with relevant work experience in lieu of a degree.
In addition to formal education, a finance administrator should have relevant work experience, such as working in an accounting or finance role. This experience will provide a solid foundation for the skills and knowledge required to perform the duties of a finance administrator.
Average salary
The average salary for a finance administrator job varies depending on location, experience, and qualifications. According to Glassdoor, the average salary for a finance administrator in the United States is around $51,000 per year.
Roles and types
There are various roles and types of finance administrator jobs, including:
- Accounts payable administrator: Responsible for processing invoices and payments to vendors and suppliers.
- Accounts receivable administrator: Responsible for managing the company's accounts receivable, including invoicing customers and processing payments.
- Financial controller: Responsible for managing the company's overall financial operations, including budgeting, financial reporting, and financial analysis.
- Payroll administrator: Responsible for processing payroll for employees.
Locations with the most popular jobs in USA
Finance administrator jobs are available across the United States, but some locations have more job opportunities than others. According to ZipRecruiter, the top 5 cities with the most finance administrator jobs in the United States are:
1. New York, NY
2. Chicago, IL
3. Houston, TX
4. Los Angeles, CA
5. Dallas, TX
What are the typical tools
A finance administrator typically uses a range of tools and software to perform their duties, including:
- Accounting software, such as QuickBooks and Xero
- Spreadsheet software, such as Microsoft Excel
- Payroll software, such as ADP and Gusto
- Financial reporting software, such as SAP and Oracle
In conclusion
Finance administrator jobs are essential roles for any company, as they ensure the smooth running of the finance department. They require a range of skills, including attention to detail, analytical skills, communication skills, time management, and technical skills. To become a finance administrator, you typically need a degree in accounting, finance, or a related field, along with relevant work experience. The average salary for a finance administrator in the United States is around $51,000 per year, and job opportunities are available across the country.