Financial Administrator Job Description Template
The Financial Administrator will be responsible for managing the financial affairs of the company. They will maintain financial records, prepare reports, and reconcile accounts. They will also assist in the preparation of budgets and forecasting. The Financial Administrator will work closely with the accounting department to ensure accurate financial reporting.
Financial Administrator Job Responsibilities
- Maintain financial records for the organization
- Prepare financial reports for management
- oversee the budgeting process
- monitor spending and costs
- work with auditors to ensure compliance with financial regulations
- develop and implement financial policies and procedures
- manage investments and fundraising activities
- coordinate payroll and benefits administration
Objectives
- To develop and maintain financial systems and policies to ensure the efficient use of resources.
- To oversee the preparation of financial reports and statements to provide accurate and timely information for decisionmaking purposes.
- To monitor expenditures against budgets to ensure that spending remains within allocated limits.
- To liaise with auditors to ensure that financial statements are prepared in accordance with generally accepted accounting principles (GAAP).
- To manage investments and cash reserves in order to maximize returns and minimize risk exposure.
- To negotiate loans and other financing arrangements on behalf of the organization.
- To advise senior management on all financial matters impacting the organization, including taxation, treasury, and risk management issues
Financial Administrator Job Skills & Qualifications Needed
- A financial administrator should have excellent mathematical skills and experience working with numbers.
- They should have strong organizational skills and the ability to keep track of many different pieces of information at once.
- Finance administrators should be detail oriented and able to spot errors.
- They should have good communication skills, both written and verbal, as they will often need to communicate with clients or other members of their team.
- Financial administrators should also be able to use various computer programs, such as spreadsheets and accounting software.