Finance coordinators work for finance departments and are responsible for managing a company's accounts payable and receivable. They keep track of receipts and financial documents and resolve any issue regarding billing.
If you are considering a position as a finance coordinator, an interest in numbers and analytical thinking are non-negotiable. You will need to handle cash and accounting software proficiently, be organized, and know how to deal with people.
Before you take on this role, though, you will need to have work experience in the financial sector. A degree in accounting, finance, or a related field will also be necessary. You will work in an office and have a dynamic job with multiple tasks to deal with simultaneously.
There is more than meets the eye when it comes to being a finance coordinator. For example, did you know that they make an average of $21.84 an hour? That's $45,431 a year!
Between 2018 and 2028, the career is expected to grow -4% and produce -65,800 job opportunities across the U.S.
There are certain skills that many finance coordinators 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 computer skills, integrity and detail oriented.
When it comes to the most important skills required to be a finance coordinator, we found that a lot of resumes listed 16.2% of finance coordinators included insurance companies, while 11.0% of resumes included customer service, and 9.1% of resumes included financial statements. 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 finance coordinator job title. But what industry to start with? Most finance coordinators actually find jobs in the health care and professional industries.
If you're interested in becoming a finance coordinator, one of the first things to consider is how much education you need. We've determined that 50.1% of finance coordinators have a bachelor's degree. In terms of higher education levels, we found that 8.2% of finance coordinators have master's degrees. Even though most finance coordinators 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 a finance coordinator. When we researched the most common majors for a finance coordinator, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on finance coordinator resumes include master's degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a finance coordinator. In fact, many finance coordinator jobs require experience in a role such as administrative assistant. Meanwhile, many finance coordinators also have previous career experience in roles such as office manager or customer service representative.