Finance coordinators are responsible for coordinating all financial activities and recommending changes to the financial processes in their organization. These individuals have analytical skills to process large amounts of financial information. They create extensive reports based on their observations and analyses of financial documents. They participate in business meetings to suggest changes to the financial aspects of their organization that will increase profitability and minimize expenses.
These individuals use a personal computer to keep track of financial files and run calculations using spreadsheet applications. Some of their main responsibilities include assisting department personnel by providing support for monthly financial reports. In addition, they are organized and can multitask on a variety of projects with ease. Finance coordinators assist staff by providing support for month-end closing procedures. They also strive to create and maintain financial reporting equipment and participate in modifying schedules to increase productivity. These individuals have excellent problem-solving abilities to come up with innovative and effective solutions to business problems as soon as they arise. They also work well with other coordinators in an office environment to reach all financial objectives for their company in a timely manner. However, these professionals can perform efficiently by themselves with minimal supervision. Finance coordinators are in charge of coordinating financial processes such as reviewing acquisitions, checking payments before they go through, and authorizing purchases.
A bachelor's degree in finance, economics, or related field is necessary for this position. In addition, previous years of experience in a coordinating capacity can be helpful. Financial and leadership certifications are a plus.
Finance Coordinator Tasks
Write correspondence, documents and communications for the finance department.
Maintain files and information organization system, answer phones and coordinate travel.
Create, disseminate and update reports and budgets.
Work with vendors and payers to maintain contracts and track payments.
Calculate and track payments, invoices, upcoming expenses and current expenses.