The finance and administration manager both oversees the company's financial operations and reporting, as well as conducts administrative tasks such as communicating with clients and engaging in personnel decisions. They exercise administrative control over many aspects of the financial operation of a business, including budgeting, payroll/human resources, and business planning. They ensure that records across financial departments are accurate.
The finance and administration manager oversees the company's financial reporting mechanisms, managing the financial staff to ensure that official monthly and annual financial statements comply generally accepted accounting principles. These managers also oversee accounts and cash flow, administer internal audits, and cooperate with external auditors. Administrative tasks they perform include helping to ensure that the human resource department operates in line with standards and regulations, training new or junior staffers, and communicating with vendors and consultants as required. Finance and administration managers work during normal business hours in an office setting, although overtime or travel may occasionally be required.
Requirements for the finance and administration manager typically include a bachelor's degree in business, finance, accounting, or a related field. Professional certifications such as CPA (Certified Public Accountant) is typically required, as is at least seven years of overall professional experience, with at least five years of managerial experience in finance and operations. Successful applicants display excellent communications skills and a strong knowledge of financial analysis, accounting, and auditing.
Finance & Administration Manager Tasks
- Develop and put into practice procedures for handling finances and accounting, maintain records for accounts payable and receivable.
- Prepare invoices for customers, resolve any customer issues regarding invoices or billing.
- Make reports on financial and sales data to company management.
- Create procedures for budget preparation, help departments develop budgets, and investigate actual costs incurred compared to the budget.