Finance Manager in North East England

What is a finance manager?

A finance manager plans, budgets, allocates and advises on company finances. They sit at the head of the finance and accounting team and act as financial counsel to executive management, providing the insights needed to make better business decisions.

Finance manager job description and responsibilities

A finance manager is integral to the smooth and efficient running of a finance team. As a general rule, their job description will typically include the following duties:

Overseeing management accountants, financial analysts and financial accountants

Reporting on budgets, expenses, accounts payable and accounts receivable

Business plan development based on finance reporting

Budget management and monitoring

The collection and interpretation of financial data

Advising senior stakeholders on financial issues

Anticipating future trends in finance

Analysing current market trends

Analysing competitor activity

Finance manager qualifications, skills and experience

Basic requirements for a role as finance manager should begin with a specialist qualification, such as CIMA, ACA or ACCA. It’s beneficial to be Qualified by Experience and to have worked within the finance sector for several years. This should be accompanied by a degree in one of the following academic areas:

Accounting and Finance

Mathematics

Management

Business Studies

Economics

Leadership positions typically require a very specific set of soft skills, and this role is no different. In order to become successful, professionals should ideally have the following skills:

Excellent time management

A sharp, analytical mind

Business acumen

Commercial awareness

An eye for detail

Good interpersonal skills

Proficiency in negotiation

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Salary for Finance Manager in North East England

50825 - 62700

25th Percentile

50825

Little or no prior experience in the position; still developing relevant skills.

Demand: Low

50th Percentile

58900

Some prior experience in the position; has several relevant skills.

Demand: Moderate

75th Percentile

62700

Extensive prior experience in the position; has mastered relevant skills.

Demand: High

Projected salaries for related positions

Position title

25th Percentile

50th Percentile

75th Percentile

Chief Financial Officer

118750

161500

194750

Group Finance Director

104738

120175

133000

Finance Director

80038

95000

117325

Shared Service Centre Director

73625

83600

95000

Group Financial Controller

72675

87638

121125

Financial Controller

64363

77900

85738

Group Accountant

51300

58425

62938

Qualified Management / Financial Accountant

47025

51300

55100

Director of Audit & Risk

82650

87163

99750

Internal Audit Manager

54625

61750

66500

Internal Auditor

47500

50588

55813

Treasury Manager

61988

68875

74100

Treasury Accountant

47500

51775

58425

Tax Manager

55575

67450

83125

Tax Accountant

47738

52250

58425

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Finance Manager

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