Career Profile
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Finance Manager Job Profile
Average Salary: £45k
This is a career profile and not an available role. This page helps you understand what is required of you, what skills you might need and what employment package you can expect of this type of role.
Finance Manager Job Description
The role of Finance Manager is a popular one within the financial services industry, and it responsible for managing the financial activities of a company or organisation. They help to secure and optimise the financial resources needed to support business operations and growth. Their job involves various aspects of financial management, including capital budgeting, fundraising, financial analysis, and risk assessment.
Finance Manager Average Salary Expectations
The average salary for a Finance Manager is around £35,000 - £50,000 per year, however, this can be lower or higher, depending on factors such as location, experience, industry, and company size. More experienced Finance Managers, or those who work for larger companies, may be able to command higher salaries.
Finance Manager Job Overview
A Finance Manager is responsible for overseeing an organisation's financial activities and operations. They develop financial plans and budgets, analyse data to provide insights for decision-making, and prepare financial reports.
They monitor expenses, control costs, and manage cash flow to ensure financial stability. Finance Managers also assess and mitigate financial risks, ensure compliance with regulations, and contribute to long-term financial strategies.
If this type of role is interesting to you, you can register now and input your CV details to be notified when something becomes available.
- Develop and implement financial plans, budgets, and forecasts.
- Analyse financial data, identify trends, and provide insights to support decision-making and improve financial performance.
- Prepare and present financial reports.
- Stay updated with tax laws and regulations, ensuring compliance with tax filing requirements.
- Assess financial risks and implement risk management strategies to mitigate them.
- Oversee cash flow management, banking relationships, and treasury activities.
- Contribute to the development of long-term financial strategies and business plans.
While formal qualifications may not be required for some finance manager roles where you have previous experience, some employers may prefer candidates with relevant qualifications.
Qualifications and Skills Required for a Finance Manager
- Bachelor's degree in a related field, relevant experience, or a qualification from a related awarding body such as the CIPFA or CISI.
- A strong understanding of financial principles, accounting practices, and financial analysis.
- Strong analytical skills to interpret financial data, identify trends, and make informed decisions.
- Proficient in using financial software and other relevant software needed to complete the job successfully, e.g., QuickBooks, SAP, Oracle, Excel, Tableau, Power BI.
- Excellent communication skills, both written and verbal.
- Strong leadership and team management skills.
- A deep understanding of the business and industry in which the organisation operates.
- Professionalism and the ability to handle sensitive financial information, as well as act with integrity to uphold ethical standards.
Desirable Traits of a Finance Manager
Adaptability: Finance Managers should be comfortable navigating evolving financial landscapes and adjusting their strategies accordingly.
Attention to Detail: Being meticulous and paying close attention to details is essential in financial management.
Strategic Thinking: They should be able to understand the broader implications of financial decisions, align financial goals with the organisation's strategic objectives, and contribute to long-term financial planning.
Commercial Awareness: Finance Managers should understand the industry dynamics, market trends, and competitive landscape to make informed financial decisions and recommendations.
Proactive Approach: Finance Managers should be proactive in identifying financial risks, opportunities for improvement, and implementing strategies to enhance financial performance.
Relationship Building: Finance Managers should be able to communicate effectively, collaborate with cross-functional teams, and establish positive relationships with clients, auditors, regulatory bodies, and other external partners.
Desire to Learn: Finance Managers should have a passion for continuous learning, staying updated with the latest developments and industry regulations, and expanding their knowledge base.
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