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What is an administrative & finance manager and how to become one
Generally, the role of an administrative & finance manager is the preparation of budgets, monitoring utilization of finances, and implementation of related policies and procedures. They are responsible for handling the company's expenditures, requests, invoices, and other financial documentation. They also oversee and manage the daily operation of an administrative and finance team. The finance manager coordinates financial staff and ensures orders from management are performed. Also, they compile the company's financial statements and provide the legal department with relevant tax data.
The minimum requirements for this position is a bachelor's degree in commerce or a related field with a minimum of five years of relevant work experience. Applicants must be familiar with accounting packages and financial management. You must also possess adaptability, problem-solving, attention to detail, analytical, and communication skills. Administrative & finance managers earn an average salary of $88,007 per year or an hourly rate of $42.31. This varies between $57,000 and $134,000.
What general advice would you give to an administrative & finance manager?
Janet Tarase
Lead Accounting Faculty / Accounting Department Chair, Red Rocks Community College
Avg. Salary $76,989
Avg. Salary $59,228
Growth rate 17%
Growth rate 0.3%
American Indian and Alaska Native 0.34%
Asian 10.11%
Black or African American 7.53%
Hispanic or Latino 14.42%
Unknown 4.10%
White 63.50%
Genderfemale 49.35%
male 50.65%
Age - 46American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 46Stress level is very high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is fair
6.4 - fair
Administrative & finance manager career paths
Key steps to become an administrative & finance manager
Explore administrative & finance manager education requirements
Start to develop specific administrative & finance manager skills
Skills Percentages Payroll Processing 10.00% Human Resources 7.50% Oversight 7.33% Administrative Procedures 5.83% Financial Management 4.82% Complete relevant administrative & finance manager training and internships
Accountants spend an average of 1-3 months on post-employment, on-the-job training. New administrative & finance managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an administrative & finance manager based on U.S. Bureau of Labor Statistics data and data from real administrative & finance manager resumes.Research administrative & finance manager duties and responsibilities
- Manage payroll and organizational projects using QuickBooks for non-profits.
- Process bi-weekly payroll utilizing QuickBooks and manage financial and clinical performance.
- Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
- Prepare monthly and annual financial statements along with supporting schedules resulting in minimal follow up by external CPA's.
Prepare your administrative & finance manager resume
When your background is strong enough, you can start writing your administrative & finance manager resume.
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Apply for administrative & finance manager jobs
Now it's time to start searching for an administrative & finance manager job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
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Average administrative & finance manager salary
The average administrative & finance manager salary in the United States is $76,989 per year or $37 per hour. Administrative & finance manager salaries range between $55,000 and $107,000 per year.
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Updated January 8, 2025
