The business administrator job description calls for an individual who is proficient in a number of areas including accounting, finance, management, marketing, sales and human resources. They can work in government jobs, private agencies, corporations, non-profit organizations and international businesses.
A business administrator has many responsibilities related to the handling of the organizational, operational and managerial tasks of a company or firm.
Essential Duties and Responsibilities of a Business Administrator
- Presides over the daily operations of a company.
- Implements business procedures.
- Interviews and hires staff.
- Assesses employees’ job performances.
- Interacts with clients and customers.
- Negotiates contracts and deals.
- Mediates staff disputes and other issues.
- Delegates authority to supervisors.
- Serves as a liaison between management and staff.
- Makes sure training programs for new employees are up-to-date.
- Ensures the quality of the company’s products and services.
- Implements processes to improve products and services.
- Prepares financial data for governing boards.
- Reads and interprets accounting reports.
- Networks with prospective clients, industry peers and competitors.
- Promotes and markets the company.
- Writes memos.
- Makes oral presentations with visual aids.
- Manages budgets, minimizes expenditures and maximizes revenues.
- Ensures that the company operates with maximum efficiency.
- Makes short-term and long-term goals for the company.
- Directs the strategic plan for the company so that financial goals can be achieved.
- Implements strategic plans and makes changes to the plan as necessary.
- Advises Board of Directors of impending state or federal legislation and its potential impact on the company.
- Coordinates property procurement and space allocation.
- Manages fundraising projects.
- Provides leadership to employees for the purpose of attaining a common goal.
- Collaborates with other departments for the common purpose of maximizing revenues.
- Attends events and industry functions as a representative of the company.
- Volunteers at community service events.
Required Knowledge, Skills and Abilities
- Must have excellent networking skills.
- Must have good organizational skills.
- Must have good negotiation and decision making skills.
- Must be detail and goal oriented.
- Must have superior written and verbal skills.
- Knowledgeable of accepted business practices, entrepreneurial principles and sales cycles.
- Must have exceptional leadership skills.
- Must have effective communication skills.
- Must have excellent computer skills.
- Must have superior interpersonal skills and customer service skills.
- Must have knowledge of basic laws that apply to businesses.
Education and Experience
- Bachelor’s degree in Business, Accounting, Management, Finance, Economics, Marketing or a related field.
- Master’s degree in Business Administration.
- Internship in Business Administration.
- Certification in Business Administration.
- Experience working in an accounting or finance department.
- Experience working in a supervisory role.
- Time is spent primarily in climate controlled offices in close proximity to business operations.
- Must be willing to work long hours including nights and weekends.
- Must be able to represent the company at social functions.
- Time is spent traveling between different branches and offices in cities, states and even countries.
- Time is spent traveling to clients offices.
- Must be able to endure high pressure and stressful situations particularly when facing a deadline.
- Salaries range from $50,000 to $130,000 depending on the size of the company and the administrator’s responsibilities.
- Average salary is $77,000.