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.
There is more than meets the eye when it comes to being an administrative & finance manager. For example, did you know that they make an average of $35.96 an hour? That's $74,789 a year!
Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.
There are certain skills that many administrative & finance managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and detail oriented.
When it comes to the most important skills required to be an administrative & finance manager, we found that a lot of resumes listed 10.5% of administrative & finance managers included financial statements, while 8.7% of resumes included payroll, and 7.6% of resumes included general ledger accounts. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the administrative & finance manager job title. But what industry to start with? Most administrative & finance managers actually find jobs in the manufacturing and technology industries.
If you're interested in becoming an administrative & finance manager, one of the first things to consider is how much education you need. We've determined that 58.1% of administrative & finance managers have a bachelor's degree. In terms of higher education levels, we found that 18.3% of administrative & finance managers have master's degrees. Even though most administrative & finance managers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an administrative & finance manager. When we researched the most common majors for an administrative & finance manager, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on administrative & finance manager resumes include associate degree degrees or diploma degrees.
You may find that experience in other jobs will help you become an administrative & finance manager. In fact, many administrative & finance manager jobs require experience in a role such as accountant. Meanwhile, many administrative & finance managers also have previous career experience in roles such as finance manager or senior accountant.