Discover the essential requirements, duties, responsibilities, and skills needed for a Financial Administrator job description.
What does a Financial Administrator do?
A financial administrator is responsible for managing financial and accounting processes at businesses, companies, and organizations. They oversee financial activities, plan for financial needs, and prepare reports to track the financial health of the organization.
Job Description
We are seeking a detail-oriented financial administrator to help improve our financial management procedures. In this role, you will contribute to financial planning, prepare reports, and implement best practices to ensure efficient and compliant financial administration.
To be successful as a financial administrator, you should have a strong understanding of accounting principles and previous experience in a similar role. The ideal candidate will be able to use their expertise to improve financial processes and adhere to industry regulations.
Job Duties and Responsibilities
- Gathering, analyzing, and interpreting financial data
- Evaluating and improving financial controls and procedures
- Updating daily transaction records and assisting with payroll
- Managing accounts receivable and payable, as well as expenses
- Maintaining records of invoices, taxes, and reimbursements
- Preparing financial statements and budgets
- Identifying financial risks and performing risk analysis
- Resolving account discrepancies and reconciling accounts
- Creating financial reports, including projections and growth rates
- Staying up-to-date on regulatory requirements and best practices
Requirements and Qualifications
- Bachelor's degree in accounting, finance, or a related field
- At least 2 years of experience as a financial administrator or similar role
- Proficiency in accounting software, such as Zoho Books and FreshBooks
- In-depth knowledge of financial controls and accounting standards
- Experience with financial reporting
- Exceptional attention to detail
- Strong organizational and time management skills
- Excellent communication and collaboration abilities
Financial Administrator Salary
The earning potential of a Financial Administrator can vary significantly based on factors such as geographic location, industry, professional experience, educational background, and the specific employer. On average, the annual salary for an Financial Administrator in the United States is approximately $99212.
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