Log InSign Up
Article

What does a Financial Administrator do?

Photo of Brenna Goyette
Brenna Goyette
Certified Professional Resume Writer, Career Expert

Published 3 min read

A financial administrator is responsible for the financial planning and management of an organization. They develop and implement financial policies, prepare and monitor budgets, and oversee accounting and investment activities. Financial administrators also work with other departments to ensure that the organization's financial goals are met.

Financial Administrator job duties include:

  • Maintaining financial records
  • Preparing financial reports
  • Administering payroll
  • Managing budgets
  • Forecasting income and expenditure
  • Conducting audits
  • Liaising with financial institutions
  • Negotiating loans and other forms of credit
  • Supervising junior members of staff

Financial Administrator Job Requirements

A financial administrator typically needs at least a bachelor's degree in finance, accounting, business administration, or a related field. Many employers also require financial administrators to have experience working in accounting or finance. Some organizations may require financial administrators to be certified public accountants (CPAs).

Financial Administrator Skills

  • Budgeting
  • Financial forecasting
  • Cash flow management
  • Risk management
  • Financial analysis
  • Decision making
  • Organizational skills
  • Communication skills
  • Interpersonal skills
  • Time management
  • Negotiation skills

Related: Top Financial Administrator Skills: Definition and Examples

How to become a Financial Administrator

The role of a financial administrator is to oversee the financial operations of an organization. They are responsible for the development and implementation of financial policies, procedures, and controls. They also prepare financial reports, monitor cash flow, and manage investments. Financial administrators typically have a bachelor's degree in accounting or finance. Some organizations may require certification as a Certified Public Accountant (CPA) or Certified Financial Planner (CFP).

Related: Financial Administrator Resume Example

Related: Financial Administrator Interview Questions (With Example Answers)

Editorial staff

Photo of Brenna Goyette, Editor

Editor

Brenna Goyette

Expert Verified

Brenna is a certified professional resume writer, career expert, and the content manager of the ResumeCat team. She has a background in corporate recruiting and human resources and has been writing resumes for over 10 years. Brenna has experience in recruiting for tech, finance, and marketing roles and has a passion for helping people find their dream jobs. She creates expert resources to help job seekers write the best resumes and cover letters, land the job, and succeed in the workplace.

Similar articles