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/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 0-3 years of experience in Canada, your main responsibilities include:

• Managing financial transactions and maintaining accurate financial records, including accounts payable and receivable. Ensure timely and accurate processing of financial transactions, such as invoices, payments, and expense reports.
• Assisting in budget preparation, monitoring, and variance analysis. Collaborate with the finance team to develop budgets, track spending, and analyze budget variances.
• Supporting the administration of HR processes, such as employee onboarding, payroll, and benefits. Assist in the implementation and maintenance of HR policies and procedures, ensuring compliance with labor laws.
• Overseeing office operations, including facilities management, procurement, and vendor management.

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 Finance & Administration Manager plays a crucial role in overseeing financial operations and administration. For individuals with 0-3 years of experience in Canada, here are four alternative roles to consider:

• Junior Financial Analyst: A position that supports financial analysis and reporting, assisting in budgeting and forecasting processes.
• Accounts Receivable Clerk: A role focused on managing and reconciling customer accounts, processing invoices, and ensuring timely collections.
• Payroll Administrator: A position responsible for processing payroll, ensuring accurate calculations, and complying with relevant laws and regulations.
• Administrative Assistant: A role that combines administrative tasks with basic financial responsibilities, such as managing expense reports and assisting with budget tracking.

The projected growth of the Finance & Administration Manager role in Canada is expected to be steady in the coming years. According to a 10-year analysis, this job role has witnessed consistent demand and is projected to continue growing. The Canadian job market offers a significant number of employment opportunities for Finance & Administration Managers. As per the latest data available with Google, the employment prospects in this field remain positive, making it a promising career choice for individuals looking for stable job opportunities in Canada.