An administrative and finance manager handles a company's expenditures, requests, invoices, and other financial documentation. Their primary duty is to oversee a finance team's daily work. Additionally, they must coordinate financial staff, ensure that orders from management are carried out, complete the company's financial statements, and provide tax data for the legal department.

Administrative & Finance Manager Responsibilities

Here are examples of responsibilities from real administrative & finance manager resumes representing typical tasks they are likely to perform in their roles.

  • Track and manage licensed product development and royalty income.
  • Manage human resources function including benefits and payroll administration, recruiting, terminations and discipline.
  • Manage organizational and reporting changes to successfully ensure the transition from Medicare cost reporting to prospective payment system.
  • Prepare all deposits and write all checks daily/weekly using QuickBooks.
  • Develop with the direction of outside CFO consultants an automate financial database using v-look up and pivot tables (Quickbooks).
  • Perform monthly general ledger review and ensure accurate recording of information according to GAAP.
  • Facilitate ability to receive direct customer payments and direct payroll payment into employee accounts through implementation of ACH transfers.
  • Developed/Implement operational policies and procedures.
  • Prepare and present PowerPoint presentations for funding & FE workshops.
  • Developed/Implement operational policies and procedures.
Administrative & Finance Manager Traits
Analytical skills have to do with gathering information from various sources and then interpreting the data in order to reach a logical conclusion that benefits the business.
Communication skills shows that you are able to relay your thoughts, opinions and ideas clearly to those around you.
Detail oriented involves being extremely mindful and observant of all details.

Administrative & Finance Manager Job Description

Between the years 2018 and 2028, administrative & finance manager jobs are expected to undergo a growth rate described as "much faster than average" at 16%, according to the Bureau of Labor Statistics. So if the thought "should I become an administrative & finance manager?" Has crossed your mind, maybe you should take the growth rate into account. In addition, the number of administrative & finance manager opportunities that are projected to become available by 2028 is 104,700.

An administrative & finance manager annual salary averages $74,789, which breaks down to $35.96 an hour. However, administrative & finance managers can earn anywhere from upwards of $51,000 to $108,000 a year. This means that the top-earning administrative & finance managers make $57,000 more than the lowest-earning ones.

It's hard work to become an administrative & finance manager, but even the most dedicated employees consider switching careers from time to time. Whether you're interested in a more challenging position or just looking for a fresh start, we've compiled extensive information on becoming a manager finance planning and analysis, manager/finance accounting, finance director, and tax manager.

Administrative & Finance Manager Jobs You Might Like

Administrative & Finance Manager Resume Examples

Administrative & Finance Manager Skills and Personality Traits

We calculated that 10% of Administrative & Finance Managers are proficient in Financial Statements, Payroll, and General Ledger Accounts. They’re also known for soft skills such as Analytical skills, Communication skills, and Detail oriented.

We break down the percentage of Administrative & Finance Managers that have these skills listed on their resume here:

  • Financial Statements, 10%

    Reviewed monthly financial statements for accuracy and variances from budget; including analysis as needed and summary reports for management.

  • Payroll, 9%

    Facilitated ability to receive direct customer payments and direct payroll payment into employee accounts through implementation of ACH transfers.

  • General Ledger Accounts, 8%

    Worked closely with controllers in financial closings while booking journal entries and reconciling General Ledger accounts to ensure accuracy.

  • Oversight, 7%

    Deliver oversight and day-to-day project management related to the implementation of new capital project management software for the Project Delivery Group.

  • Administrative Procedures, 5%

    Handled all the legal and licensing requirements and created operating policies and functional administrative procedures.

  • Financial Management, 4%

    Managed the agency budget formulations, execution, performance assessments, financial analysis, revenue accounting and internal financial management controls.

Some of the skills we found on administrative & finance manager resumes included "financial statements," "payroll," and "general ledger accounts." We have detailed the most important administrative & finance manager responsibilities below.

  • Arguably the most important personality trait for an administrative & finance manager to have happens to be analytical skills. An example from a resume said this about the skill, "financial managers increasingly are assisting executives in making decisions that affect their organization, a task that requires analytical ability." Additionally, other resumes have pointed out that administrative & finance managers can use analytical skills to "directed erp system implementation, established beginning balances and database information, and trained users on applications and requirements. "
  • While it may not be the most important skill, we found that many administrative & finance manager duties rely on communication skills. This example from a administrative & finance manager explains why: "excellent communication skills are essential because financial managers must explain and justify complex financial transactions." This resume example is just one of many ways administrative & finance managers are able to utilize communication skills: "leaded a successful implementation of erp system skills used negotiation ,analytical , problem solving & communication skills"
  • Detail oriented is also an important skill for administrative & finance managers to have. This example of how administrative & finance managers use this skill comes from a administrative & finance manager resume, "in preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors." Read this excerpt from a resume to understand how vital it is to their everyday roles and responsibilities, "detailed monthly income statement variance analysis for middle east region and biweekly update on income statement against forecast to upper management. "
  • A thorough review of lots of resumes revealed to us that "math skills" is important to completing administrative & finance manager responsibilities. This resume example shows just one way administrative & finance managers use this skill: "financial managers must be skilled in math, including algebra" Here's an example of how this skill is used from a resume that represents typical administrative & finance manager tasks: "compiled, prepared, and maintained payroll reports and statistics. "
  • Another common skill for an administrative & finance manager to be able to utilize is "organizational skills." Because financial managers deal with a range of information and documents, they must stay organized to do their jobs effectively. An administrative & finance manager demonstrated the need for this skill by putting this on their resume: "worked closely with president and ceo to ensure organizational financial profitability and sustainability while overseeing finance department activities. "
  • See the full list of administrative & finance manager skills.

    After discovering the most helpful skills, we moved onto what kind of education might be helpful in becoming an administrative & finance manager. We found that 62.9% of administrative & finance managers have graduated with a bachelor's degree and 20.0% of people in this position have earned their master's degrees. While most administrative & finance managers have a college degree, you may find it's also true that generally it's possible to be successful in this career with only a high school degree. In fact, our research shows that one out of every eight administrative & finance managers were not college graduates.

    The administrative & finance managers who went onto college to earn a more in-depth education generally studied business and accounting, while a small population of administrative & finance managers studied finance and economics.

    When you're ready to become an administrative & finance manager, you might wonder which companies hire administrative & finance managers. According to our research through administrative & finance manager resumes, administrative & finance managers are mostly hired by UC San Diego, Cincinnati Children's Hospital Medical Center, and City of Abilene. Now is a good time to apply as UC San Diego has 4 administrative & finance managers job openings, and there are 1 at Cincinnati Children's Hospital Medical Center and 1 at City of Abilene.

    But if you're interested in companies where you might earn a high salary, administrative & finance managers tend to earn the biggest salaries at SS&C; Technologies, Vestas, and Goldman Sachs. Take SS&C; Technologies for example. The median administrative & finance manager salary is $97,622. At Vestas, administrative & finance managers earn an average of $96,567, while the average at Goldman Sachs is $93,559. You should take into consideration how difficult it might be to secure a job with one of these companies.

    View more details on administrative & finance manager salaries across the United States.

    We also looked into companies who hire administrative & finance managers from the top 100 educational institutions in the U.S. The top three companies that hire the most from these institutions include AT&T;, Procter & Gamble, and General Electric.

    The industries that administrative & finance managers fulfill the most roles in are the manufacturing and technology industries. But the highest administrative & finance manager annual salary is in the insurance industry, averaging $98,204. In the energy industry they make $95,033 and average about $87,769 in the manufacturing industry. In conclusion, administrative & finance managers who work in the insurance industry earn a 27.0% higher salary than administrative & finance managers in the hospitality industry.

    The three companies that hire the most prestigious administrative & finance managers are:

      What Manager Finance Planning And Analysiss Do

      A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly. They also perform research and assessments, gather and analyze financial data from different departments, coordinate staff, and solve issues and concerns when any arise. Additionally, as a manager, they must lead and empower staff to reach goals while implementing company policies and regulations.

      In this section, we take a look at the annual salaries of other professions. Take manager finance planning and analysis for example. On average, the managers finance planning and analysis annual salary is $28,189 higher than what administrative & finance managers make on average every year.

      While the salaries between these two careers can be different, they do share some of the same responsibilities. Employees in both administrative & finance managers and managers finance planning and analysis positions are skilled in financial statements, payroll, and general ledger accounts.

      These skill sets are where the common ground ends though. An administrative & finance manager responsibility is more likely to require skills like "oversight," "administrative procedures," "income," and "annual budget." Whereas a manager finance planning and analysis requires skills like "financial performance," "customer service," "financial models," and "business development." Just by understanding these different skills you can see how different these careers are.

      Managers finance planning and analysis receive the highest salaries in the media industry coming in with an average yearly salary of $135,230. But administrative & finance managers are paid more in the insurance industry with an average salary of $98,204.

      On average, managers finance planning and analysis reach higher levels of education than administrative & finance managers. Managers finance planning and analysis are 15.2% more likely to earn a Master's Degree and 0.2% less likely to graduate with a Doctoral Degree.

      What Are The Duties Of a Manager/Finance Accounting?

      A manager of finance accounting's role is to oversee the financial activities in a company or organization. Their responsibilities revolve around coordinating with other departments to gather financial data, analyze the revenues and expenditures, and develop written reports and presentations. A manager of finance accounting must also maintain accurate financial records, identify any errors or inconsistencies, and perform support tasks for staff when necessary. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.

      Now we're going to look at the manager/finance accounting profession. On average, managers/finance accounting earn a $4,582 higher salary than administrative & finance managers a year.

      A similarity between the two careers of administrative & finance managers and managers/finance accounting are a few of the skills associated with both roles. We used resumes from both professions to find that both use skills like "financial statements," "payroll," and "general ledger accounts. "

      While some skills are similar in these professions, other skills aren't so similar. For example, several resumes showed us that administrative & finance manager responsibilities requires skills like "oversight," "administrative procedures," "human resources," and "income." But a manager/finance accounting might use skills, such as, "customer service," "procedures," "ensure compliance," and "due diligence."

      It's been discovered that managers/finance accounting earn higher salaries compared to administrative & finance managers, but we wanted to find out where managers/finance accounting earned the most pay. The answer? The media industry. The average salary in the industry is $109,171. Additionally, administrative & finance managers earn the highest paychecks in the insurance with an average salary of $98,204.

      When it comes to the differences in education between the two professions, managers/finance accounting tend to reach similar levels of education than administrative & finance managers. In fact, they're 3.9% more likely to graduate with a Master's Degree and 0.2% more likely to earn a Doctoral Degree.

      How a Finance Director Compares

      A finance director's role is to oversee all financial activities and aspects of a company or organization. One of their duties is to gather necessary financial data and cultivate reports on essential matters such as revenue and budget, provide risk assessments and estimates, implement vital policies, and allocate funds within the company. Furthermore, a finance director must also devise strategies and recommend innovative methods for financial gains, while in adherence to the organization's policies and regulations.

      The third profession we take a look at is finance director. On an average scale, these workers bring in higher salaries than administrative & finance managers. In fact, they make a $44,646 higher salary per year.

      Using administrative & finance managers and finance directors resumes, we found that both professions have similar skills such as "financial statements," "payroll," and "general ledger accounts," but the other skills required are very different.

      As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from administrative & finance managers resumes, they are more likely to have skills like "administrative procedures," "income," "administrative functions," and "office procedures." But a finance director might have skills like "ensure compliance," "financial performance," "special projects," and "customer service."

      Interestingly enough, finance directors earn the most pay in the finance industry, where they command an average salary of $163,123. As mentioned previously, administrative & finance managers highest annual salary comes from the insurance industry with an average salary of $98,204.

      When it comes to education, finance directors tend to earn similar education levels than administrative & finance managers. In fact, they're 3.3% more likely to earn a Master's Degree, and 0.5% more likely to graduate with a Doctoral Degree.

      Description Of a Tax Manager

      A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.

      The fourth career we look at typically earns higher pay than administrative & finance managers. On average, tax managers earn a difference of $16,926 higher per year.

      According to resumes from both administrative & finance managers and tax managers, some of the skills necessary to complete the responsibilities of each role are similar. These skills include "financial statements," "payroll," and "general ledger accounts. "

      Even though a few skill sets overlap, there are some differences that are important to note. For one, an administrative & finance manager might have more use for skills like "oversight," "administrative procedures," "financial management," and "human resources." Meanwhile, some tax managers might include skills like "client relationships," "asc," "international tax," and "due diligence" on their resume.

      Now, let's take a closer look at the financials in each career. The professional industry tends to pay more for tax managers with an average of $108,498. While the highest administrative & finance manager annual salary comes from the insurance industry.

      In general, tax managers reach higher levels of education when compared to administrative & finance managers resumes. Tax managers are 5.6% more likely to earn their Master's Degree and 3.3% more likely to graduate with a Doctoral Degree.