What does a Finance and Administration Manager do?
Published 3 min read
A Finance and Administration Manager is responsible for the financial and administrative management of an organization. They oversee the financial planning, budgeting, and accounting for the organization. They also manage the administrative staff and facilities.
Finance and Administration Manager job duties include:
- Overseeing and managing the financial affairs of the organization
- Developing and implementing financial policies and procedures
- Directing and coordinating the work of accounting, auditing, and budgeting staff
- Preparing financial reports, statements, and projections
- Monitoring and analyzing financial trends and making recommendations for improvement
- Overseeing investments and expenditure
- Liaising with external auditors and regulators
- Managing payroll and employee benefits
- Administering contracts
- Overseeing facilities management
Finance and Administration Manager Job Requirements
A Finance and Administration Manager typically has a bachelor's degree in business administration, accounting, finance, or a related field. They also have experience working in finance and administration, and are familiar with financial software applications. They may also be certified public accountants (CPAs).
Finance and Administration Manager Skills
- Budgeting
- Financial forecasting
- Cash flow management
- Invoicing
- Payroll
- Tax compliance
- Risk management
- Asset management
- Contract administration
- Policy development
- Procurement
- Project management
Related: Top Finance and Administration Manager Skills: Definition and Examples
How to become a Finance and Administration Manager
The role of a finance and administration manager is to oversee the financial and administrative operations of an organization. They are responsible for the development and implementation of financial and administrative policies and procedures, as well as the management of financial and administrative staff.
To become a finance and administration manager, you will need to have a strong background in financial and accounting principles. You should also have experience working in a managerial role, as well as experience leading and managing a team of staff. In addition, you will need to be able to effectively communicate with other members of senior management, as well as with external stakeholders such as banks, investors, and suppliers.
If you have the necessary skills and experience, then you can apply for finance and administration manager roles at organizations in a variety of industries. Alternatively, you could also consider starting your own business or consulting practice.
Related: Finance and Administration Manager Resume Example
Related: Finance and Administration Manager Interview Questions (With Example Answers)