Role Description

Math > Financial Administrator

Salary National Average

Low Medium High
51500.0000 62000.0000 77500.0000

Change from Previous Year:

+14%

Supply and Demand

Candidate Supply: 12,741 Job Openings: 121,626

0 50 100

More Difficult Less Difficult

Salary Variance

Enter City, State to view local salaries and candidate demand.

Short Description:

Financial administrators manage financial and accounting processes at businesses, companies, and organizations. They perform financial planning, oversee financial activities, and prepare financial reports.

 

Duties / Responsibilities:

  • Gathering, analyzing, and interpreting relevant financial data.
  • Evaluating and optimizing financial controls and procedures.
  • Updating daily transaction records and assisting with payroll administration.
  • Managing accounts receivable and payable, as well as expenses.
  • Keeping records of invoices and tax payments, as well as reviewing and processing reimbursements.
  • Preparing income statements, balance sheets, and budgets.
  • Identifying financial liabilities and performing risk analysis on liquidity and cash flow.
  • Resolving account discrepancies and performing account reconciliations.
  • Preparing financial reports, including projected returns on investment and growth rates.
  • Keeping abreast of regulatory requirements and best practices in financial administration.

Skills / Requirements / Qualifications

  • Social skills: A financial administrator needs to possess the ability to build positive interactions with customers as this attribute is vital if one aims to excel in the business world. 
  • Innovative skills: Finance may be associated with numbers and structures, but that does not mean that innovation does not have its place in the business world.
  • Analytical skills: Analyze different scenarios, who can apply critical thinking to any given situation and have the ability to make appropriate decisions for each situation.
  • Ability to solve problems: Confront compound difficulties head-on as they may come. Whether it’s challenging the financial repercussions of a problematical business structure or coming up with a modified solution for a customer’s difficulty, a history of solving problems will see a financial administrator’s career grow at an unbelievable speed.
  • Commercial intelligence: Recognize the connection between a firm’s fiscal behavior and open market demands. Companies these days look for individuals that can exercise business intelligence when it comes to carrying out business transactions as well as have an interest in the trends shaping up the business.

 

Job Zones

  • Education: Most of these occupations require a four-year bachelor's degree, but some do not.
  • Related Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. 
  • Job Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
  • Job Zone Examples: Many of these occupations involve coordinating, supervising, managing, or training others. Examples include real estate brokers, sales managers, database administrators, graphic designers, conservation scientists, art directors, and cost estimators.
  • Specific Vocational Preparation in years: 2-4 years of preparation (7.0 to < 8.0)

 

Share Role Details

Return to job listings