How To Become A Finance Administrator: What It Is and Career Path

What is a finance administrator and how to become one

Updated January 8, 2025

4 min read

Quoted expert

Dr. Mohamed Abualhaija

Finance administrators are in charge of the financial aspects of an organization. You will develop the financial plans, prepare financial reports, manage the company's insurance premium, and take part in investment activities.

A finance administrator is responsible for planning the long-term financial goals of an organization and the protection of assets. It is your duty to maintain financial records for tax purposes and invoices. You are also in charge of payroll, budgets, and reimbursement processing. In addition to this, you are to create financial metrics reports on investments and growth rates.

The educational requirement to become a finance administrator is a bachelor's degree in business, finance, or in a similar field. Previous work experience in a finance-related role may be required. You have to be familiar with accounting software and the Microsoft office package. It is also compulsory that you understand good bookkeeping practices. For this role, you need to possess excellent organizational and time management skills. Yearly, a finance administrator earns an average salary of $49,836.

What general advice would you give to a finance administrator?

Dr. Mohamed Abualhaija

Associate Professor of Accounting, Eastern Oregon University

In the corporate world, soft skills are critical, particularly for those starting careers in accounting, business, or similar fields. These skills help people deal with diverse situations at work and communicate with others more effectively. Communication, teamwork, problem-solving, leadership, flexibility, and emotional intelligence are all examples of essential soft skills.

ScoreFinance AdministratorUS Average

Salary

4.3

Avg. Salary $55,541

Avg. Salary $59,228

Stability level

9.5

Growth rate 17%

Growth rate 0.3%

Diversity

3.4

Race

American Indian and Alaska Native 0.34%

Asian 9.18%

Black or African American 7.70%

Hispanic or Latino 14.80%

Unknown 4.11%

White 63.87%

Gender

female 70.75%

male 29.25%

Age - 46

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 46

Stress level

9.5

Stress level is very high

7.1 - high

Complexity level

9.1

Complexity level is advanced

7 - challenging

Work life balance

4.9

Work life balance is fair

6.4 - fair

Key steps to become a finance administrator

Explore finance administrator education requirements

Most common finance administrator degrees

Bachelor's

61.2 %

Associate

17.3 %

Master's

11.9 %

Start to develop specific finance administrator skills

Skills	Percentages
Customer Service	17.47%
Financial Aid	11.56%
PowerPoint	7.10%
Rehabilitation	6.57%
Balance Sheet	4.23%

Complete relevant finance administrator training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New finance administrators 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 a finance administrator based on U.S. Bureau of Labor Statistics data and data from real finance administrator resumes.

Research finance administrator duties and responsibilities

Manage the design and implementation of appropriate controls as per Sarbanes-Oxley (SOX) and internal corporate procedures.
Manage key logistics and secure necessary resources within budget constraints.
Monitor all transactions in assign inventory finance portfolio to manage invoice funding approval decision.
Do A/P, A/R and G/L.

Prepare your finance administrator resume

When your background is strong enough, you can start writing your finance administrator resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a finance administrator resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable finance administrator resume templates

Build a professional finance administrator resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your finance administrator resume.