Financial Manager Job Description: Top Duties and Requirements

A Financial Manager is responsible for an organization’s financial wellbeing. Their duties include managing budgets and finances, developing policies, and overseeing financial strategies or investment opportunities.

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Financial Manager duties and responsibilities

Successful Financial Managers have duties and responsibilities including:

Coordinate the creation and sharing of financial reports periodically
Develop and implement financial strategies, policies, models and systems
Make sure an organization complies with financial regulations and tax laws
Manage the budget and financial planning processes to maximize an organization’s revenue
Create profitability standards and handle mergers and acquisitions
Promote process improvements in several aspects of the budget
Attend training sessions to learn industry trends, discover investment opportunities, and understand how to use the latest financial software

Financial Manager Job Description Examples:

Example 1

Quarterdeck Inn & Marina Resort is looking for a Finance Manager to join our team in Port Hardy, BC.

About the position:

The Finance Manager will be responsible for the day-to-day operations of the finance department. This position will be responsible for managing and executing the company�s financial statements, budgeting, forecasting, and reporting. The Finance Manager will also be responsible for assisting with the development of the company�s financial statements and reports, as well as assisting with audits and tax preparation.

Duties and Responsibilities:

Develop and manage the company's financial strategy, including budgets, forecasts, and financial analysis to support decision-making

Oversee the company's accounting and financial reporting, ensuring timely and accurate financial statements, tax filings, and other financial reports

Implement and maintain financial systems and controls, including policies and procedures for accounts payable and receivable, payroll, and general ledger

Ensure compliance with all relevant financial regulations and standards;

Manage cash flow and liquidity to ensure the company's financial stability and growth;

Provide financial guidance and support to other departments, including property management, leasing, and marketing, to optimize business performance and profitability

Lead financial planning and analysis activities, including scenario modeling, sensitivity analysis, and risk management strategies

Participate in strategic planning activities and contribute to the overall growth and success of the company.

Requirement

College Diploma in Accounting, Finance or related field

CPA designation preferred

Minimum of 2 years of relevant experience in financial management, withexperience in property management preferred

Strong analytical and problem-solving skills

Excellent communication and interpersonal skills

Proficient in Microsoft Office and accounting software such as QuickBooks

Knowledge of applicable laws, regulations, and accounting principles

Strong leadership and supervisory skills

Job Type: Full-time

Salary: $60,000.00-$79,000.00 per year

Schedule:

Monday to Location: In person

Example 2

Snow T.O. is looking for a Senior Financial Manager to join our team. This role reports to the Controller and will support the President of the organization.

Responsibilities:

Review and analyze month-end results.

Work with operations, accounting, and finance team to ensure accuracy of purchases, payables, and overall results.

Lead and/or participate in monthly financial meetings with other finance partners, management, and operations.

Partner with operations and management to ensure proper procedures and policies are communicated and maintained.

Review fuel, parts, and material costs with management and strategize to improve company profitability.

Prepare and distribute summary reporting files for the finance and management team.

Ensure accruals and G/L accounts are completed on a timely basis.

Maintain and reconcile fixed asset subledgers with annual counts and confirmations.

Assist in the preparation of working papers for annual audits and internal audits.

Prepare ad hoc reporting, analysis and investigation as needed.

Qualifications:

CPA or equivalent

University business degree

3-5 years of relevant work experience in construction materials manufacturing would be an asset

Must have advanced MS Excel skills for accounting analysis

Strong interpersonal and relationship-building skills and highly collaborative, but also independent and self-directive

Dedicated to solving problems and process improvement

Self-starter and take pride in achieving corporate and personal goals

Strong time management skills, ability to prioritize tasks

Excellent communication skills (verbal and written)

Please ensure when submitting resume, you indicate what job you�re applying for within the subject line.

Job Type: Full-time

Salary: $80,000.00-$90,000.00 per year

Benefits:

Dental care

Life insurance

RRSP match

Vision care
Schedule:

Monday to Friday

Work Location: In deadline: 2023-09-30

Example 3

Position

Financial Manager

Compensation

$62,400.00/Annual (based on $30.00 CAD per hour, 40 hours per week)

JOB TYPE

Full-Time, Permanent (40 hours per week)

START DATE

As soon as possible

Language

English

Minimum Education

Bachelor's Degree

Position Available

*1*

Location

Richmond, British Columbia

THE Company

Fountana Group Canada consists of trading, beverage, real estate, and metal recycling businesses. Based in Vancouver, BC, Fountana Group is actively involved in the global trading of raw commodities such as logs, timber, iron ore, coal, and other previous metal trades. In the beverage business, Fountana imports and exports variety of liquor � whisky, wine, sparkling and sweet wines to Canada, Taiwan, and China. Our real estate endeavour encompasses property management, both low and high-rise residential developments. Fountana Group and its subsidiaries provide quality services to our customers, suppliers, and partners. Through a process of continuous improvement, Fountana is on a journey to seek better way to conduct business and serve our people.

THE JOB

The Financial managers perform data analysis, advise senior managers on profit-maximizing ideas, and create financial reports, direct investment activities, and develop plans for the long-term financial goals of their organization.

Duties

Formulate the procedures and policies of the financial operation

Manage the budget and financial planning processes to maximize the company�s revenue

Prepare financial summaries of the company, lead the analysis of the previous budgets, economic trend data, and financial developments that may impact the company�s potential income

Review financial proposals for accuracy compliance with regulations, monitor the spending of the company to make sure it is within the budget; Promote process improvements in several aspects of the budget

Direct the establishment of the company�s financial models use the complex models to project future earning and profit potential and uses this data to inform decisions and proposals

Create the company�s profitability standards; Evaluate different kinds of investment plans, identify the profits of the investment�s activities, and provide detailed reports for the senior management to make the decision

Report to management and stakeholders, provide advice on how the company and future business decisions might be impacted

Recruit new financial staff and provide proper training to them

Requirement

A minimum of bachelor�s degree in accounting, commerce, business, or related background

A minimum of 5 years of proven working experience in cost control and financial management

A strategic and innovative mindset and strong analytical skills

Proven leadership experience, a passion for mentoring junior team members.

Job Types: Full-time, Permanent

Salary: $30.00 per hour

Additional pay:

Overtime pay
Benefits:

Extended health care

Paid time off
Schedule:

8 hour deadline: 2022-07-06

Example 4

Our customers come from all walks of life and so do we!We hire great people from a wide variety of backgrounds, not just because it�s the right thing to do, but because it makes our company stronger and wiser! We believe everyone brings distinct strengths to the table! We believe everyone has a voice!

Because of this, we are a diverse group of companies and we are excited as we are constantly growing and moving forward in an ever changing economy!

We are looking for a new Financial Manager for our management team who will report directly to the principles of the entire group and will be integral in the development of the businesses. This role is extremely diverse and welcomes an individual who enjoys being part of a growing company and learning new aspects of business in a face paced and team orientated environment.

The main focus of this position will be managing the administration staff in both finance, retail and manufacturing. A solid background in Finance is a must, with a CPA Designation. The right candidate will be the liaison between the Corporate Office, the retail and manufacturing locations, as well as our customers and vendors. This role intertwines with operations as well.

Inventory management will include ensuring daily reporting is correct as well as managing yearly inventory counts.

Knowing the legalities and regulatory measures for each Province in Canada with regards to all areas of finances is also required.

Annual package will be based on the applicants experience.

Job Types: Full-time, Permanent

Benefits:

Casual dress

Company events

Dental care

Disability insurance

Extended health care

Flexible schedule

Life insurance

On-site parking

Paid time off

Vision care
Schedule:

10 hour shift

12 hour shift

8 hour shift

Day shift

Monday to Friday

Application question(s):

Do you have experience with Provincial Financial Regulations & Laws?

Education:

Bachelor's Degree (required)

Experience:

Finance Managers & Directors: 5 years (preferred)

Inventory control: 2 years (required)

Language:

English (required)

Licence/Certification:

Chartered Professional Accountant (required)

Willingness to (required)

Example 5

Overview:

The Financial Administrator will have to analyze every day financial activities and subsequently provide advice and guidance to upper management on future financial plans in Sunrise GROUP Canada INC. The goal is to enable the company�s leaders to make sound business decisions and meet the company�s [website] is a Full-time and Permanent job position.

Qualifications:

Education:

bachelor�s degree in business administration, economics, commerce or a related field

Experience:

5+ years of work experience in accounting, budgeting or financial planning, preferable in construction industry

Jobduties and Responsibilities: *

1, Develop Sunrise GROUP Canada INC�s financial plan, which projects revenues, expenditure and financing needs;

2, Oversee the preparation of annual budges and long-term financial planning according Sunrise GROUP Canada INC�s current and future projects;

3, develop and implement the financial policies and establish performance standard;

4, Prepare financial statements and reports, business activity reports and forecasts;

5, Monitor financial details to ensure that legal requirements are met;

6, Advise and implement best practices to increase revenues and seek ways to reduce costs;

7, Analyze market trends to maximize profits and find expansion opportunities;

8, Help management make financial decisions, uncovering business initiatives and pain points to map back our solutions;

9, Recruit, coach and manage staff;

10, Other tasks as assigned by the manager.

Other skills/conditions:

Strong communication and analytic skills

Excellent organizational and prioritization skills

Must have a high level of creativity and be passionate about financing

Ability to adapt to changing environment and trends

Leadership skills to implement financial solutions

Analytical and problem-solving skills

Keen attention to details

Excellent interpersonal and communication skills to present financial reports

Organization and time-management skills

Ability to work independently

Computer skills:

Proficient in MS Office products � Word, Excel, PPT and Outlook

Proficient user of finance software such as Quickbook

Language:

Excellent oral and written English

Job Type: Full-time

Salary: $53.00 per hour

Additional pay:

Overtime pay
Schedule:

8 hour start date: 2022-07-01

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What does a Financial Manager do?

Financial Managers organize, plan, control, and evaluate the financial and accounting operations of an organization. They also create financial reports or summaries and advise an organization’s senior management on where to acquire or allocate assets.

A Financial Manager can work in government or organizations in the private sector. They typically work full-time in an office at a computer during standard nine-to-five working hours. However, they may sometimes work overtime or remotely. In large companies, Financial Managers supervise payroll and accounting professionals. They also collaborate with other staff members to achieve financial objectives.

Financial Manager skills and qualifications

Successful Financial Managers have a wide range of skills that allows them to perform their daily responsibilities effectively. Some essential skills and qualifications include:

Leadership skills to implement financial solutions
Analytical and problem-solving skills
Keen attention to details
Excellent interpersonal and communication skills to present financial reports
Organization and time-management skills
Ability to work independently
Proficiency in Microsoft Excel, Microsoft PowerPoint, Microsoft Office and other financial management software

Financial Manager experience and requirements

Financial Managers must have experience working in the financial industry paired with managerial experience. Look for candidates with a background in auditing, financial planning, analysis, accounting, and related fields. They must have at least five years’ experience in a leadership role to coordinate an organization’s financial activities.

Previous knowledge of statistical and model software is key, and a Financial Manager must have experience in professional communication and networking with stakeholders. Other experience and requirements depend on the size of the hiring organization and its industry-specific needs.

Financial Manager education and training requirements

A Financial Manager must have a bachelor’s degree from a recognized college or university. Typically, this degree can be in finance, accounting, economics, commerce, business administration, or related fields. Candidates with a Master’s of Business Administration (MBA) or Ph.D. in a finance-related field are an asset.

Generally, Financial Managers complete undergraduate internships, and employers often provide on-the-job training for entry-level Financial Managers with a background in accounting. These training sessions could be about financial management systems or specific software and mentorship from a Financial Director or Chief Financial Officer.

Employers may also require that an applicant is a Certified Public Account (CPA) or a Chartered Financial Analyst (CFA).

Financial Manager salary expectations

According to Indeed Salaries, average pay for a Financial Manager in Canada is $24.05 per hour. Rates may vary based on the hiring organization, location, and experience.

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Financial Manager job description FAQs

What makes a great Financial Manager?

A successful Financial Manager must be an excellent leader and a good team player. They must know how to take charge of projects, implement financial solutions, and work independently. They must also have experience in financial management and be result-oriented. A good Financial Manager understands a company’s goals and finds various legal methods to achieve them.

What should you include in a Financial Manager job description?

Include the relevant training, certifications, and skills you’re looking for in a candidate. For example, you may prefer someone with a Chartered Professional Accountant (CPA) designation or a business administration degree. Highlight the specific duties and responsibilities for the position, such as reporting, compliance, and the size of the budgets and teams they’ll be managing.

Who reports to a Financial Manager?

Assistant Financial Managers and Finance interns report to the Financial Manager of a hiring organization. Financial Managers give tasks to both professionals to improve an organization’s financial health.

What is the difference between a Financial Director and a Financial Manager?

A Financial Manager and a Financial Director perform similar duties. However, their roles are different. A Financial Director manages all monetary functions to achieve an organization’s financial objectives and goals. In small organizations, they usually manage the Financial Department. Financial Directors are a higher authority to Financial Managers so, in large companies, they work together to improve the financial health of an organization.

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