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all about finance executives

Finance executives play a very important strategic role for their organizations. You play a key role in directing and managing the financial direction of the company. You will manage budgets, cash flow, oversee company investments, budgets, and analyze financial reports. You are a key advisor to the board of directors and can influence company decision making and the strategic direction. 

what financial executive jobs entail

Finance executives work in an office environment and work normal office hours. You will spend a lot of your time working on your computer, analyzing data, staying up to date with industry trends, and attending meetings. Additional hours are required to meet deadlines. You are also expected to travel to meet with clients and key stakeholders as well as attend industry events. You will report to the chief financial officer, CEO, or board of directors depending on your company’s organization structure.

average finance executive salaries

Finance executives are well compensated for their role. However, salaries can vary significantly. How much money you can expect to make as a finance executive depends on the specific role. The salary scale ranges from the low $100,000s up to more than $300,000 per year for financial directors, executive treasurers, and VPs, and chief financial officers can make even more. Bonuses, profit sharing, and commission can all be part of your compensation package.

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your day to day tasks

Finance executives are responsible for the overall financial health and well-being of an organization. Typical responsibilities include:

  • assessing and managing overall financial operations
  • delegating assignments and tasks
  • analyzing financial statements, forecasts, and industry trends
  • responding to audit inquiries from internal and external auditors
  • ensuring the company is in compliance with government and industry regulations
  • overseing finance department operations
  • meeting with department heads to set budgets
  • reporting to the company CFO, CEO, and board of directors

where you can work

Finance executives are most commonly known to work for finance and insurance organizations. There are also many opportunities with IT, manufacturing, retail services, and government organizations. Most roles of this nature are located in large cities across Canada such as Toronto, Ottawa, and Montreal.

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what you bring to the table

Finance executives are strong business leaders and financial experts. Your ability to combine these skills while effectively managing the finance branch of an organization is a key success factor. Some of skills companies seek in finance executives include:

  • attention to detail
  • strong time management and organization skills
  • strong leadership skills
  • ability to forecast future trends
  • a strong analytical mind
  • strong business acumen
  • experience working with all types of finance and data analysis software

training and certifications

Organizations today expect their finance executives to have a master’s degree in business administration, finance, accounting, or other related fields of study. Strong finance experience and a track record of success are ideal. Candidates with additional business and finance certification and training are considered to be an asset.

where your career is headed

Once you achieve executive status in the finance industry, most professionals remain at this level in a variety of roles. Financial executives most frequently move on to work for new companies to take on new challenges. You may even move on to work in a new industry while keeping your current job title. There are also opportunities for finance executives to move into the consulting space, get into politics, or work for a government agency. 

Are you a financial executive? Looking to break into the executive level? Randstad Canada can help you position yourself as a top candidate for finance executive roles in your regions. Contact us today to boost your career search.

latest finance executive jobs available

  • Executive Assistant - Burnaby BC

    2018-12-10 Burnaby, British Columbia Temporary $ 24.00 - $ 30.00 per hour

    Our client, a leading electronics distribution and services company is seeking an Executive Assistant in their Burnaby office in BC. Responsibilities include but are not limited to: - Assists managers by performing secretarial as well as administrative tasks with minimal supervision, handling high ...

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  • Partner Assistant- DT Toronto

    2018-12-07 Toronto, Ontario Temporary

    We are currently looking for a Partner Assistant to support our globally recognized accounting firm in Downtown Toronto. If hired you will work full-time hours on a 6 months assignment (with the possibility of perm), be paid $23.58 per hour. Responsibilities: ● Calendar management – ...

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