Finance Manager Job Description: Top Duties and Requirements

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.

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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:


Example 1

_Muskoka Nissan is growing and we need you._ _*Are you enthusiastic?*_ *_Have lots of positive energy?_* *_Want to make above average income and have fun doing so?_* *_*_ _*_* *_We are searching for a Finance Manager to perform the following duties: _* _*- Help customers through the paperwork process of purchasing a vehicle*_ _*- Sell packages*_ _*- Work with banks and Nissan finance to get customers approved for financing*_ _*- Follow all OMVIC and industry rules to keep the dealership and sales process compliant*_ _*- Complete all licensing for new and pre-owned vehicles*_ _*- Track, plan and grow the department for year on year growth*_ _*- Keep on top of all manufacturer and bank incentives*_ _*- Help with sales meetings, training and motivating*_ _*Experience is an asset but we are happy to train the right candidate with applicable job history. Muskoka Nissan is growing and we are looking for someone to help achieve this! We have a very positive sales team and want to find the right candidate that can help us get even better!*_ _*We have a very competitive pay plan and on-going training to help you become better in your career!*_ Job Types: Full-time, Permanent Salary: per year Additional pay: * Commission pay Benefits: * Dental care * Extended health care * Vision care Schedule: * 10 hour shift Experience: * automotive finance: 1 year (preferred) Work remotely: * No

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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Finance Manager job description FAQs

What is the difference between a Finance Manager and a Financial Planner?

A Finance Manager works within a company or organization and controls the financial procedures and daily operations of the company. A Financial Planner works with individual clients to help them plan their personal financial futures. They may also work for large private companies or banks, but their advice pertains to investments and wealth management, rather than the financial and accounting policies of an organization.

What should you look for in a Finance Manager's resume?

A successful Finance Manager needs several years of experience in finance, accounting, or another related field. Look for candidates who have experience in a similar industry, as they are already familiar with the terminology and industry standards. It’s essential for Finance Managers to have experience in a leadership position. Candidates who have worked as a Project Manager, or led a team of Financial Analysts in the past, should be well-qualified. A strong Finance Manager resume highlights the candidate’s strong numeracy and budgeting abilities.

What makes a good Finance Manager job description?

A strong job description for a Finance Manager role clearly states the industry in which the company operates, and the size of the team to manage. It also includes experience requirements, specifying how many years working in finance and in leadership positions required. Provide an overview of the organization’s size and the corporate culture. The description should include specific academic expectations or additional training requirements, such as a Chartered Professional Accountant (CPA) designation, if applicable. Highlight a competitive salary and employee benefits like RRSP-matching programs or flexible working hours to attract more candidates.

Who does a Finance Manager report to?

A Finance Manager typically reports to the upper management team and shareholders. They are responsible for presenting quarterly or annual reports. They also keep key stakeholders updated on the company’s financial position and financial plan.

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