The Role of a Finance Administrator at Finning

Finning, a global leader in providing Caterpillar equipment and services, relies heavily on a robust and efficient finance department. At the heart of this department is the Finance Administrator, a critical role responsible for ensuring smooth financial operations and maintaining accurate records. This position provides essential support to the broader finance team, contributing directly to the company’s overall financial health.

The day-to-day tasks of a Finance Administrator at Finning are varied and demanding, requiring strong organizational skills and attention to detail. Primarily, they handle accounts payable and receivable processes. This includes processing invoices, verifying payment requests, reconciling vendor statements, and ensuring timely payments to suppliers. On the receivables side, they manage customer accounts, track payments, and assist in resolving any billing discrepancies.

Another key responsibility is assisting with month-end and year-end closing procedures. This involves preparing journal entries, reconciling balance sheet accounts, and assisting with financial reporting. They may also be involved in preparing audit schedules and supporting external auditors during the annual audit process. The ability to adhere to strict deadlines and maintain accuracy under pressure is paramount in this aspect of the role.

Beyond transactional tasks, the Finance Administrator often supports the development and implementation of internal controls and financial procedures. This could involve documenting processes, identifying areas for improvement, and contributing to the maintenance of a strong internal control environment. Their understanding of accounting principles and internal controls is vital in ensuring the integrity of Finning’s financial data.

Communication is a crucial aspect of the role. Finance Administrators interact with various internal departments, including sales, service, and operations, to gather information and resolve financial issues. They also communicate with external stakeholders, such as vendors and customers. Strong interpersonal and communication skills are essential for building positive working relationships and ensuring effective communication across the organization.

Furthermore, the Finance Administrator is often responsible for maintaining financial records and documentation, ensuring compliance with relevant regulations and company policies. They may also be involved in data entry, filing, and archiving of financial documents. Proficiency in using accounting software and other relevant technology is essential for performing these tasks efficiently and accurately.

In summary, the Finance Administrator role at Finning is a vital component of the finance team, contributing significantly to the company’s financial stability and operational efficiency. This position offers a challenging and rewarding opportunity for individuals seeking a career in finance, providing valuable experience and opportunities for professional growth within a leading global organization.