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Finance Manager Job Description: Top Duties and Requirements

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A Finance Manager, or a Financial Manager, is responsible for managing, controlling, planning, and organizing the processes in both the finance and accounting departments of companies and organizations. Their primary duties include organizing and planning financial audits, evaluating reporting systems in place and developing new ones, and creating and implementing financial procedures in finance and accounting departments.

Finance Manager duties and responsibilities

Finance Managers play a critical role in a company’s financial success and in the management of its financial divisions. Some common tasks among Finance Managers in every industry include:

  • Develop and implement policies for finance and accounting departments
  • Manage investment strategies
  • Verify systems and processes in place and make changes whenever necessary
  • Oversee company payroll and leave requests
  • Manage, direct, and control daily processes
  • Provide adequate support to finance and accounting teams
  • Manage all data collected by the finance and accounting departments
  • Adjust protocols or policies to maximize profitability

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Finance Manager Job Description Examples:

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Indeed’s Employer Resource Library helps businesses grow and manage their workforce. With over 15,000 articles in 6 languages, we offer tactical advice, how-tos and best practices to help businesses hire and retain great employees.

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What does a Finance Manager do?

A Finance Manager is in charge of overseeing and managing financial procedures and systems of a company’s accounting and finance departments. They analyze expenditures and develop realistic budget plans for the organization to maximize profits. Additionally, a Finance Manager reports any issues that may affect performance or the company’s profitability to the upper management team. They play a key role in designing and implementing an organization’s financial success plans. They’re also involved in company mergers and acquisitions, and follow protocols to protect the organization financially.

Finance Manager skills and qualifications

A Finance Manager position is a leadership position that plays a key role in the company’s overall financial success. Some skills and qualifications a successful candidate should possess include:

  • Excellent organizational skills
  • Expert knowledge in finance and accounting procedures and regulations
  • Strong analytical and leadership skills
  • Ability to work under pressure and on tight deadlines
  • Outstanding communication skills, both oral and written
  • Exceptional reporting skills

Finance Manager experience requirements

Successful candidates generally have several years of experience with accounting, budgeting, auditing, financial planning, and related tasks. They should have experience leading a team, preferably in a financial office environment. However, for candidates with the right skills and qualifications, leadership experience in volunteer positions or another capacity is acceptable.

Finance Manager education and training requirements

Finance Managers require a bachelor’s degree in economics, finance, accounting, business administration, or a related discipline. For positions in large organizations where candidates handle expansive budgets, a master’s degree in finance or business administration is preferable. Candidates who have earned a Chartered Professional Accountant (CPA) designation are an asset.

Finance Manager salary expectations

According to Indeed Salaries, the average Finance Manager salary in Canada is $88,381 per year. Salaries will vary based on geographical location, the type of industry, size of the organization, the candidate’s level of experience, and the required educational qualifications and certifications.

Job description samples for similar positions

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Finance Manager job description FAQs

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