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 accountantsReporting on budgets, expenses, accounts payable and accounts receivableBusiness plan development based on finance reportingBudget management and monitoringThe collection and interpretation of financial dataAdvising senior stakeholders on financial issuesAnticipating future trends in financeAnalysing current market trendsAnalysing 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 FinanceMathematicsManagementBusiness StudiesEconomicsLeadership 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 managementA sharp, analytical mindBusiness acumenCommercial awarenessAn eye for detailGood interpersonal skillsProficiency in negotiation
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