Finance Managers work for organisations, large and small, and are responsible for the functions involving money, including investments, expenses, payroll, and income; they also make decisions regarding acquisitions and mergers. They are ultimately responsible for an organisations financial health, and communicate this through reports, statements, and forecasts; they advise strategies according to the information they gather.
- Starting salary: $67,000 P/A Senior salary: $120,000 P/A Average salary: $88,000 P/A Wages will vary according to your level of skill, experience and employer Employment level: 45,300 as of November 2012 (Projected employment levels in 2017 of 44,700)
Average weekly hours: Average weekly hours worked for a full time Finance Managers is 44.5 hours
Employment by region:
The top three regions for employment as a Finance Manager include:
- NSW: 36.1%
- VIC: 29.5%
- QLD: 13.3%
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Employment for Finance Managers has declined by a rate of -18.1% over the past 5 years, however is expected to remain relatively steady through 2017.
Total employment growth over the past 5 years for male and female, employed part-time and full-time has declined by -1,400
Gender (including full time and part time)
The percentage of males and females working full time and part time are:
- Male Full Time: 53.9%
- Male Part Time: 1.8%
- Female Full Time: 34.0%
- Female Part Time: 10.3%
Other relevant information
- Assist in financial decisions made by the organisations management.
- Know the financial legal requirements and ensure that they are met.
- Manage employees in the financial division.
- Monitor an organisations accounting system.
- Prepare and communicate accurate financial reports, statements, and forecasts.
- Seek ways to reduce costs and propose long-term goals.
- Decision Making
- Knowledge of Laws and Regulations
- Strong Attention to Detail
Finance Managers work indoors in an office setting; they may work in a small office or in a larger office building, depending upon the organisation they work for. Because of the nature of their work, they must take precautions against injuries, such as carpal tunnel syndrome. Finance managers generally work full-time in a regular Monday through Friday work week.
Professional associations / Industry information
Related jobs and job titles
- Cost Accountant
- Investment Analyst
- Liquidator and Receiver
- Taxation Agent
- Taxation Consultant