1. What is the average salary of a Finance Manager?
The average annual salary of Finance Manager is $138,137.
In case you are finding an easy salary calculator,
the average hourly pay of Finance Manager is $66;
the average weekly pay of Finance Manager is $2,656;
the average monthly pay of Finance Manager is $11,511.
2. Where can a Finance Manager earn the most?
A Finance Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Finance Manager earns the most in San Jose, CA, where the annual salary of a Finance Manager is $173,362.
3. What is the highest pay for Finance Manager?
The highest pay for Finance Manager is $172,766.
4. What is the lowest pay for Finance Manager?
The lowest pay for Finance Manager is $109,848.
5. What are the responsibilities of Finance Manager?
Finance Manager manages an organization's financial resources and ensures operations comply with financial regulations and standards. Analyzes and interprets financial data to advise and support strategic decision-making and achieve business objectives. Being a Finance Manager researches and promotes financial modeling and analytical tools to measure and forecast the impact of various economic scenarios, risks, and business changes. Reviews financial reports and forecasts to understand variances and identify areas to improve efficiency or implement cost-savings. Additionally, Finance Manager develops processes, policies, and controls to manage workflow and ensure accurate, timely, and compliant financial operations. Requires a bachelor's degree. Typically reports to a director. The Finance Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Finance Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
6. What are the skills of Finance Manager
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
2.)
Accounts Payable: Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
3.)
Accounts Receivable: Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes.