What does a Finance Coordinator do?
Learn all about Finance Coordinator duties, skills and much more. Get expert advice on how to become a Finance Coordinator.
Published 3 min read
A finance coordinator is responsible for the financial planning and management of an organization. They develop financial plans, track and manage investments, and oversee the budgeting process. Finance coordinators also work with other departments to ensure that the organization's financial goals are met.
Finance Coordinator job duties include:
- Maintain financial records for the organization
- Prepare and file annual tax returns
- Manage accounts payable and receivable
- Reconcile bank statements
- Generate financial reports for management
- Develop and implement accounting policies and procedures
- Assist with auditing processes
- Budget planning and management
- Cash flow analysis
Finance Coordinator Job Requirements
A finance coordinator typically needs a bachelor's degree in finance, accounting, business administration, or a related field. Some employers may require certification, such as a Certified Public Accountant (CPA) or Certified Financial Planner (CFP). Previous experience working in finance is also generally required. Strong analytical, math, and research skills are essential for this position, as is the ability to communicate complex financial information clearly and concisely.
Finance Coordinator Skills
- Strong analytical and problem solving skills
- Excellent communication (written and oral) and interpersonal skills
- Strong organizational and time management skills
- Ability to work independently and as part of a team
- Ability to meet deadlines and handle multiple tasks simultaneously
- Proficient in Microsoft Office (Word, Excel, PowerPoint, Outlook)
- Familiarity with QuickBooks or other accounting software
- Strong attention to detail
- Accuracy and precision in financial calculations
- Research skills
- Critical thinking
How to become a Finance Coordinator
A finance coordinator is responsible for the financial planning and management of an organization. They develop financial plans, track and manage financial records, and provide advice on financial matters.
To become a finance coordinator, you will need to have strong analytical and math skills. You should be able to use financial software programs and have experience working with financial data. A bachelor’s degree in finance or accounting is typically required.
If you are interested in becoming a finance coordinator, start by pursuing a degree in finance or accounting. Once you have completed your degree, look for entry-level positions in finance or accounting at small businesses or organizations. Gain as much experience as possible and continue to develop your skills.
Once you have several years of experience, you can apply for finance coordinator positions at larger organizations. To be successful in this role, you must be able to effectively communicate with other members of the organization, as well as understand and interpret financial data. With experience and strong performance, you can advance to higher-level finance positions within the organization.
Related: Finance Coordinator Resume Example