WHAT IS A FINANCIAL ADMINISTRATOR?
Day-to-day accounting and financial decision making in communities is often led by a finance officer or administrator, under the guidance of a finance committee. The role of a financial administrator is to oversee accounting and bookkeeping in order for an organization to meet its legal and operational requirements. Performing budget and payroll transactions, maintaining accurate financial records, tracking invoices, preparing reports, and working across departments to ensure compliance with policies and procedures are some of the tasks conducted by financial administrators.
DO I NEED A FINANCIAL ADMINISTRATOR IN MY COMMUNITY?
Hiring a financial administrator improves oversight and overall coordination of accounting and bookkeeping tasks. Our communities can effectively support greater transparency and accountability to their membership by providing regular financial statements and demonstrating effective internal capacity to handle reporting. Financial administrators can also support the long-term goals and vision set out by leadership by adhering to policies and procedures and supporting mechanisms to track fiscal progress.
Here are the resource collections you can explore: