Finance & Administration Manager

The finance and administration manager both oversees the company's financial operations and reporting, as well as conducts administrative tasks such as communicating with clients and engaging in personnel decisions. They exercise administrative control over many aspects of the financial operation of a business, including budgeting, payroll or human resources, and business planning. They ensure that records across financial departments are accurate.The finance and administration manager oversees the company's financial reporting mechanisms, managing the financial staff to ensure that official monthly and annual financial statements comply generally accepted accounting principles. These managers also oversee accounts and cash flow, administer internal audits, and cooperate with external auditors. Administrative tasks they perform include helping to ensure that the human resource department operates in line with standards and regulations, training new or junior staffers, and communicating with vendors and consultants as required. Finance and administration managers work during normal business hours in an office setting, although overtime or travel may occasionally be required.Requirements for the finance and administration manager typically include a bachelor's degree in business, finance, accounting, or a related field. Professional certifications such as CPA (Certified Public Accountant) is typically required, as is at least seven years of overall professional experience, with at least five years of managerial experience in finance and operations. Successful applicants display excellent communications skills and a strong knowledge of financial analysis, accounting, and auditing.

As a Finance & Administration Manager with 3-6 years of experience in Australia, your main responsibilities include:

• Oversee financial operations, including budgeting, forecasting, and financial reporting, to ensure effective financial management.
• Manage the administration department, including supervising staff, coordinating office operations, and maintaining organizational policies and procedures.
• Develop and implement internal controls and procedures to ensure compliance with financial regulations and company policies.
• Collaborate with senior management to provide strategic financial advice, support decision-making, and contribute to the overall growth and profitability of the organization.

For a Finance & Administration Manager, the following qualifications are required:

• Extensive knowledge of financial management and accounting principles to oversee budgeting, forecasting, and financial reporting processes accurately.
• Strong leadership and managerial skills to effectively manage and motivate a team of finance and administrative professionals, ensuring the smooth operation of daily activities.
• Excellent problem-solving abilities to identify and address operational inefficiencies, implementing strategies to optimize financial performance and improve overall administrative processes.
• Exceptional communication and interpersonal skills to collaborate with various stakeholders, including executives, department heads, and external partners, fostering effective relationships and driving successful outcomes.

The role of Finance & Administration Manager is crucial for efficient financial operations and administrative functions. With 3-6 years of experience in Australia, professionals can explore various alternative roles. Here are four options to consider:

• Senior Financial Accountant: This role entails greater responsibilities, such as financial reporting, budgeting, and ensuring compliance with accounting standards and regulations.
• Operations Manager: Responsible for overseeing day-to-day operations, optimizing processes, and ensuring smooth workflow across departments.
• Compliance Officer: A position focused on monitoring regulatory requirements, implementing policies and procedures, and ensuring adherence to legal and ethical standards.
• Business Development Manager: This role involves identifying new business opportunities, developing strategic partnerships, and driving growth initiatives for the organization.

The role of Finance & Administration Manager in Australia is projected to witness steady growth in the market. Over the past 10 years, there has been a consistent increase in demand for professionals in this field. According to Google, the job role is expected to continue growing in the future, with a rising number of employment opportunities. With the increasing financial complexities and administrative tasks in organizations, Finance & Administration Managers are crucial for maintaining efficient operations. Overall, the job prospects for Finance & Administration Managers in Australia look promising, creating a favorable environment for career growth in this field.