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Financial Manager

Business, Admin & Entrepreneurship

ANZSCO ID 1322

Summary

Finance Managers plan, organise, direct, control and coordinate the financial and accounting activities within organisations.

Employment Pathway

A university degree in business, commerce or accounting is usually needed to work as a Finance Manager.

Top Skills Required

  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions
  • Management of Financial Resources - Determining how money will be spent to get the work done, and accounting for these expenditures
  • Reading Comprehension - Understanding the meaning of written sentences and paragraphs

Key tasks

  • Determining, implementing, monitoring, reviewing and evaluating budgetary and accounting strategies, policies and plans in consultation with other Managers
  • Providing financial information and interpreting the implications for business performance and funding needs
  • Coordinating the development, implementation and monitoring of accounting systems
  • Directing the preparation of financial reports summarising and forecasting the organisation's financial position such as income statements, balance sheets and analyses of future earnings and income
  • Assessing capital finance proposals and the financial status of operational projects
  • Advising on investment strategies, sources of funds and the distribution of earnings
  • Delivering long range profit forecasts, budgeting and financial reporting
  • Ensuring compliance with financial legislation and standards

Facts about this occupation

11.7% Growth
85% Full-time Share
$3,225 Avg Pay/Wk
72,600 Workers
45 years Avg Age

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