Functions of the Finance and Administration Manager

The role of Administration and finance manager of a company, is currently a basic pillar for the correct performance of the company in the market and to ensure that products and services can be sold continuously and above all, profitable. Therefore, it is necessary to know very well what the exact functions of this figure are in order to understand what are the factors that make it so important.

Main Duties of the Finance and Administration Manager

The main functions of the finance and administration manager are to propose the annual plan for the acquisition of goods, control the processes of supply of goods and services, in this case being a direct link with suppliers and customers in order to know what the status of the distribution.

In addition, it also controls the staff status, its annual budget, knowing exactly what their remuneration situation is and, where appropriate, the productivity of employees. In this same sense, it controls in any case that the functions carried out by the different employees is in accordance with their potential and capabilities.

In this same order, he is in charge of developing the profiles of vacant positions and contributing to the hiring of new employees and regulating the salary scale of the company. Personal sustainability in order to achieve better results in the short and long term.

Makes updated inventories of the goods and materials available to the company and in coordination with an accountant, he prepares financial statements of accounts in order to constantly control the economic situation of the company.

At the logistical level, it is the highest authority and the most important figure in the management of orders and supplies, always knowing the needs of the company and constantly looking for new possibilities (economically and qualitatively) to improve the operating margins of the same.

These are just some of the Most important functions of the Manager and Administrator in Finance, and it is also important to say that they vary depending on the type of company, the market, the size of the organization (in larger companies this function usually falls to a group of people headed by a general manager) and many others variables. The fundamental thing was to know in this article the dimension and importance of the work of the Manager and Administrator in Finance and we believe that we have given a complete overview in this regard.