Finance Manager Job Description, Duties, Responsibilities, Qualifications, Skills and Salary

Account Coordinator Job Description

In this article, we will show you the detailed and updated finance manager job description. Here you will also find the duties of a finance manager, responsibilities, qualifications, skills, and estimated annual salary. Finance Manager Job Description

This finance manager job description template provides critical duties and responsibilities for a finance manager. It’s ready to post on various job sites and the main responsibility of a finance manager is to handle office tasks, such as filing, generating reports and presentations, setting up for meetings, and reordering supplies. Finance Manager Job Description

See Also: Operations Analyst Job Description, Duties, Responsibilities, Qualifications, Skills and Salary

Finance Manager Job Description

Operations Analyst Job Description, Duties, Responsibilities, Qualifications, Skills and Salary

A finance manager distributes a firm’s financial resources, plans the budget, and assists the executive management team by providing financial insights and guidance so they may make the best decisions for the organization.

Finance managers are professionals in business who oversee key financial operations for an organization. They generate financial reports, oversee investment activities, and develop plans and strategies for an organization’s long-term financial objectives.

See Also: Job Description for Administrative Assistant, Duties, Responsibilities, Qualifications, Skills and Salary

Duties of a Finance Manager

  • Collecting, interpreting, and reviewing financial information.
  • Predicting future financial trends.
  • Reporting to management and stakeholders, and providing advice how the company and future business decisions might be impacted.
  • Producing financial reports related to budgets, account payables, account receivables, expenses etc.
  • Developing long-term business plans based on these reports.
  • Reviewing, monitoring, and managing budgets.
  • Developing strategies that work to minimize financial risk.
  • Analyzing market trends and competitors.

See Also: Operations Analyst Job Description, Duties, Responsibilities, Qualifications, Skills and Salary

Responsibilities of a Finance Manager

  • Plan, organize, and execute financial tasks and projects of the organization.
  • Make estimates of funds required for the short and long-term financial objectives of the organization.
  • Complete financial reports, lead the month-end closing process and conduct monthly financial forecast.
  • Develop and implement plans for budgeting, forecasting, and reporting.
  • Achieve a proper mix of equity and debt to minimize cost and maximize operational profit.
  • Strategize on fund procurement through banks and other financial institutions.
  • Prudently make investments on assets that maximize returns.
  • Provide financial insight and analysis to drive the business performance of the organization.
  • Manage and monitor metrics, KPI tracking, and reports.
  • Evaluate the financial performance of the organization and measure returns on investments.
  • Understand and calculate the risks involved in the financial activities of the organization.
  • Monitor the day-to-day financial operations within the company (payroll, invoicing, and other transactions).
  • Prepare monthly and quarterly management reporting.
  • Participate in strategic data analysis, research, and modeling for senior company leadership.
  • Support project analysis, validation of plans, and ad-hoc requests.
  • Manage the company’s financial accounting, monitoring, and reporting systems.
  • Ensure compliance with accounting policies and regulatory requirements.

Qualifications of a Finance Manager

  • Accountancy or Finance
  • Economics
  • Mathematics
  • Business Studies
  • Management
  • Postgraduate degrees in financial management would also be beneficial for candidates looking to advance their career.

Skills of a Finance Manager

  • Ability to synthesize large quantities of complex data into actionable information
  • Ability to work and effectively communicate with senior-level business partners
  • Excellent business judgment, analytical, and decision-making skills
  • Knowledge of financial reporting and data mining tools such as SQL, Access, etc.
  • Strong demonstrated use of Excel, Word, and PowerPoint

Salary of a Finance Manager

The average Finance Manager salary in the United States is $126,057 as of December 27, 2022, but the range typically falls between $113,129 and $142,809. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

See Also: Operations Director Job Description, Duties, Responsibilities, Qualifications, Skills and Salary

Conclusion

In summary, a finance manager makes estimates of funds required for the short and long-term financial objectives of the organization.

Finally, they monitor the day-to-day financial operations within the company (payroll, invoicing, and other transactions).