Are you a good financial planner? Do you enjoy working with numbers? Then maybe you should consider a job as a finance manager. Your job will involve monitoring a company's financial health by going through reports and overseeing investment activities. Finance manager jobs are available in various industries, from retail to information technology and manufacturing.
As a finance manager, you oversee a company's finances and advise top-level management on improving revenue or maximizing profits. You also advise the company on investment decisions and develop strategies to enhance long-term financial health. Finance managers work as part of the team that makes strategic decisions that impact a company.
A finance manager works over 40 hours a week on a 9 to 5 work routine. The workday often extends to evenings when you have meetings with the executive management or deadlines to meet. Sometimes, you work on weekends when preparing end-of-year financial records or during the audit season. Most financial manager jobs are full-time positions with very few part-time vacancies. Some companies also offer flexible working arrangements depending on the business requirements. Being a finance manager also involves travelling, both locally and overseas. You will attend conferences or meet with investors outside the country occasionally.
An interviewer can ask knowledge-based interview questions or focus on technical and behavioural questions. Here are common finance manager interview questions:
A finance manager's resume should stand out and highlight vital experiences relevant to the role. Some of the details of your CV include:
You need a cover letter to accompany your resume. Your finance manager cover letter should explain the value you bring to the company. Use hard figures to highlight your achievements and competencies for the role.
Finance manager jobs are promising careers with growth opportunities. You can become a chief finance officer from a finance manager position or move upwards to a chief executive officer role. Becoming a finance manager puts you in senior leadership roles of the company, with an opportunity to reach the top. Some finance managers specialize in specific specialisms and become consultants.
The primary role of a finance manager is to deal with a company's finances, but other duties depend on the area of specialization. Some types of finance managers include:
Finance manager jobs have attractive compensation packages. In Canada, a finance manager earns an average salary of $94,953 annually or $48.69 per hour. At an entry-level position, your starting salary is $78,000 per year, but as you increase your skills and expertise, you can make over $120,000 annually. Apart from wages, finance managers also enjoy various allowances and non-monetary benefits. The take-home salary usually depends on the organization's size or location. Big companies require additional qualifications due to the complexity of the tasks. They also pay more than small companies. Large cities have a high cost of living and increase your earning potential as a finance manager.
Top paying areas for finance managers in Canada include: Alberta, Manitoba, Ontario and Saskatchewan.
Some of the daily tasks of finance managers include:
A finance manager plays a crucial role in building a firm financial footing of a company. That means they can work in any industry, from private and government institutions to for-profit and nonprofit organizations. In the private sector, a finance manager works in the following sectors:
In nonprofit organizations, finance managers can work for:
A finance manager can work for government entities in the public sector, whether local or national. They are well suited for working in treasury offices or budget offices.
Some of the skills and competencies a finance manager should possess are:
Finance manager jobs are senior-level positions, which require educational qualifications, including: