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.
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