Knowledge Centre
1. Financial Administrator
Financial Administrators ensure that the financial operations of an organisation run smoothly. They bridge the gap between bookkeeping, reporting, compliance, and management support making them a vital cog in any finance department
2. What It Is
A Financial Administrator is the operations manager of the finance office. They coordinate systems, processes, and reporting to ensure the business is financially compliant and strategically supported.
Financial Administrators:
Manage financial records and systems
Prepare budgets and monitor spending
Ensure compliance with tax, labour, and regulatory requirements
Oversee payroll and supplier payments
Support financial reporting and audits
In short: CFAs don’t just keep records; they keep the organisation financially accountable and future ready.
3. Why It Matters to You
Professional growth: The CFA designation builds on bookkeeping skills and prepares you for higher responsibilities
Versatility: CFAs are in demand across private, public, and non-profit sectors
Earning potential: As a Chartered Financial Administrator, you move beyond transactional work into analytical, supervisory, and compliance roles.
Recognition: CIBA’s CFA designation formally recognises your expertise, ethics, and professional standing
4. The designation advantage
Anyone can call themselves a “financial administrator.” But when you hold the Chartered Financial Administrator (CFA) designation, you demonstrate that you are:
Accountable to a professional body
Skilled in compliance, budgeting, and financial controls
Ethical and trustworthy
Recognised for higher-level responsibilities beyond bookkeeping
This makes you a lower-risk, higher-value professional, boosting your credibility and earnings.
5. Where Do Financial Administrators Work?
Almost everywhere:
Corporates and SMEs
Public sector and municipalities
NGOs and international organisations
Educational institutions and healthcare
Professional services firms
6. How Much Do Financial Administrators Earn?
Entry level: R12,000 – R18,000/month
Mid-level: R18,000 – R30,000/month
Senior: R30,000 – R60,000+/month
Freelance/consulting: R400 – R750/hour
7. Skills You Need
Strong accounting and financial reporting knowledge
Compliance and governance awareness
Budgeting and forecasting
Leadership and communication skills
Systems and software skills (ERP, payroll, compliance platforms)
Ethics and integrity
8. Career path
Start → Chartered Bookkeeper
Next → Chartered Financial Administrator (CFA)
Then → Chartered Business Accountant in Commerce/Chartered Financial Manager / Internal Auditor / Compliance Officer
Eventually → Chartered CFO or Senior Executive
Each step unlocks more responsibility, income, and recognition.
9. Key rules and Standards
Companies Act & PFMA/MFMA – oversight of compliance and reporting.
Labour & Tax Laws – payroll, PAYE, VAT, UIF, and Social Security compliance.
CIBA Code of Ethics – professional conduct in managing financial systems.
Governance Frameworks – King IV, internal controls, audit standards