Accounting administrators are responsible for completing and administering accounting tasks for their company. They are in charge of preparing financial statements and creating financial disclosures for future reference. Accounting administrators evaluate organizational plans according to budgeting requirements, prepare detailed reports following federal and institutional guidelines, and process accounts receivable to complete a cash flow projection. One of the accounting administrator's main responsibilities includes communicating necessary accounting information with colleagues, outside partners, and upper management.
Accounting administrators also manage check requests and deposit information, complete and update financial records, and fill out tax forms at the end of the year. They support auditing tasks, as well as discuss payment terms and account contracts. Additionally, they must maintain the trial balance and collection queue, as well as help settle delinquent accounts. Accounting administrators work closely with financial staff to assign responsibilities for complex revenue issues and maintain accurate notes related to client billing. They perform administrative tasks, as well as review and evaluate credit lines and suggest changes to operating procedures and accounting practices. Accounting administrators also use cost allocation and expenditure procedures to calculate future revenue.
This position generally requires a bachelor's degree in accounting or a related field. Additional accounting and finance management experience - as well as industry and leadership certifications - may be preferred. Accounting administrators must have excellent interpersonal skills to communicate effectively with financial officials and colleagues. They should work well with other administrators to reach all organizational objectives, as well as work efficiently by themselves with minimal supervision. They should be proficient with basic office software, including any necessary accounting and spreadsheet software.
Accounting Administrator Tasks
Monitor and follow up on outstanding claims every 14 days.
Perform billing-related duties as necessary.
Compile reports for insurance billings.
Update phone numbers and addresses, and keep payers up to date.