Finance administrators are responsible for all aspects of an organization’s finance and budget concerns. This includes managing accounts receivable and accounts payable, designing and implementing the budget, and handling any investments or capital expenditures in which the organization might engage. Finance administrators ensure that all payments the company owes have been made and monitor incoming payments and revenue to maintain a proper cash flow. Additionally, they produce a budget, working closely with other managers. They are required to make regular reports on the current and future state of the company’s finances and financial plans. They must react to changes in revenues, expenditures, or even radical shifts in company focus due to new developments or opportunities.
Finance Administrator Tasks
Maintain accounts and follow up to verify and close invoices and collect fees.
Document project status, obstacles, reporting and reviews.
Review and verify accuracy of financial and contract paperwork and processes.
Create budget templates and serve as point of contact for questions and exceptions.