Finance & Administration Job Description

Written by marquis codjia
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Finance & Administration Job Description
A finance and administration career can be demanding but rewarding. (junior executive image by Liz Van Steenburgh from Fotolia.com)

A finance and administrative professional helps a company record and report financial information in accordance with industry standards, regulatory requirements and corporate policies. A finance worker also could perform administrative tasks by communicating with clients---or employees and human resources staff---and reviewing the performance of junior employees. This expert could be a finance director or a staffer depending on seniority.

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Responsibilities

A finance and administrative professional focuses on two areas of management: administrative duties and financial reporting tasks. The administrative duties of a finance expert relate to training junior staffers, communicating with clients or human resources employees and reviewing staff's work. A finance employee's accounting and reporting tasks cover financial reporting mechanisms and ensure that a company's financial statements are "fair," complete and in compliance with generally accepted accounting principles (GAAP). "Fairness" means accuracy in accounting or finance parlance. Complete financial statements include four reports: a balance sheet, a statement of profit and loss, a statement of cash flows, and a statement of shareholders' equity.

Job Opportunities

A finance and administrative professional could work in for-profit or non-profit organisations as well as government agencies. This expert also could work in public accounting or for a business advisory and consulting company. A finance professional who holds a professional certification has more career growth opportunities. A finance and administrative expert could be a controller or a chief financial officer (CFO) after ten years.

Qualitative Requirements

A finance and administration professional must have strong communication skills---written, oral and graphic. This worker also must have expertise in financial statement analysis, investment valuation, corporate governance as well as accounting, auditing, regulatory requirements and industry practices.

Education/Training

A finance and administration professional typically holds a four-year college degree in finance, accounting, audit or business. An expert with a higher diploma---such as a master's or a doctorate---could be a company controller or a finance director. A finance worker also could hold professional certifications---such as Certified Public Accountant (CPA) or Certified Financial Manager (CFM).

Salary

A finance and administration expert's income levels varies by industry, company size, experience, length of service and academic training. The Labor Department reports that median wages of finance accountants and auditors in 2008 were £38,629, while finance managers earned £64,564 on average.

Work Hours/Locations

A finance and administration professional works on regular shifts from 8 a.m. to 5 p.m. on weekdays but could also stay late at the office depending on business needs. These needs could relate to month-end close accounting processes or Internal Revenue Service (IRS) filings. This expert typically lives in a metropolitan area and may travel occasionally to meet with clients.

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