0111 - Financial Managers

Financial managers plan, organize, direct, control and evaluate the operation of financial and accounting departments. They develop and implement the financial policies and systems of establishments. Financial managers establish performance standards and prepare various financial reports for senior management. They are employed in financial and accounting departments in companies throughout the private sector and in government.

Illustrative example(s) controller - financial services director - financial services director of accounting finance director financial administrator manager, financial control manager, financial planning and analysis manager, internal audit services treasurer

All examples

accounting and financial control chief

accounting and financial control director

accounting department manager

accounting director

accounting manager

accounting manager - financial services department

accounting office manager

administrator, pension plans

assigned public accountants chief

assistant accounting manager

assistant treasurer - finances

audit and compliance director

auditing department manager

chief, accounting and financial control

collections department manager

controller - financial services

corporate budgeting and analysis manager

corporate financing manager

corporate risk department manager

department manager, collections

director - financial services

director of accounting

director, accounting and financial control

director, audit and compliance

director, budget and sectoral profitability

director, finance

director, financial evaluations

director, financial planning and reporting

director, financing and administration

director-treasurer - financial services

finance and control manager

finance chief

finance director

finance manager

financial administrator

financial audit manager

financial control manager

financial controller

financial director

financial evaluations director

financial manager

financial planning and advisory service manager

financial planning and analysis manager

financial planning and reporting director

financial planning and reporting manager

financial resources service co-ordinator

financing and administration director

group accounting manager

independent public accountants chief

internal audit manager

internal \ audit services manager

investments research director

manager of accounting department

manager of auditing department

manager, accounting

manager, auditing department

manager, collection

manager, corporate budgeting and analysis

manager, corporate financing

manager, corporate risk department

manager, finance

manager, financial control

manager, financial planning and analysis

manager, financial planning and reporting

manager, internal audit services

manager, internal audits

manager, pension services

pension plans administrator

pension services manager

regional controller - financial services

research director, investments

revenue accounting and controls section chief

treasurer

treasurer and controller – finances

Exclusion(s) Banking, credit and other investment managers (0122) Managers of accounting and auditing firms (See 0125 Other business services managers) Senior managers - financial, communications and other business services (0013)

Main duties

Financial managers perform some or all of the following duties:

Plan, organize, direct, control and evaluate the operation of an accounting, audit or other financial department Develop and implement the financial policies, systems and procedures of an establishment Prepare or co-ordinate the preparation of financial statements, summaries, and other cost-benefit analyses and financial management reports Co-ordinate the financial planning and budget process, and analyze and correct estimates Supervise the development and implementation of financial simulation models Evaluate financial reporting systems, accounting procedures and investment activities and make recommendations for changes to procedures, operating systems, budgets and other financial control functions to senior managers and other department or regional managers Recruit, organize, train and manage staff Act as liaison between the organization and its shareholders, the investing public and external financial analysts Establish profitability standards for investment activities and handle mergers and/or acquisitions Notify and report to senior management concerning any trends that are critical to the organization's financial performance.

Employment requirements A bachelor's degree in business administration, economics, commerce or a related field is required. A master's degree in business administration (concentration in finance), or another master's level management program may be required. Several years of experience in accounting, auditing, budgeting, financial planning and analysis or other financial activities are required. Accounting and audit managers may require a recognized accounting designation (CA, CMA or CGA).

Additional information Progression to senior management positions, such as vice-president of finance, is possible with experience.



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