Finance Manager Job Description: Template, Skills, & Salary

Finding the right finance manager is essential for the success of your business. Finance managers help you implement crucial investment objectives by preparing financial data, reports, and budgets. However, before you can start searching for candidates, it is important to have a well-crafted job description that clearly outlines the roles and responsibilities of the position. In this blog, we will cover a comprehensive finance manager job description and highlight the crucial skills, qualifications, and responsibilities. 

Finance Manager Job Description: Summary, Roles and Responsibilities, Skills, & Salary

Finance managers play an important role in the decision-making process of an organization. When sourcing talent to fill the position of a finance manager, tailor every section of the job posting carefully.

1. Summary/Overview

A successful job description begins with a captivating overview of the position’s importance in your organization. This summary should include information about what is expected from this role. It should also provide details of the specific tasks and duties associated with the job.

2. Roles and Responsibilities

The following is a list of finance manager roles and responsibilities you can include in a job description.

• Improve end-to-end accounting methods to continuously enhance efficiency.
• Generate and record regular accruals, prepayments, and other accounting transactions.
• Develop budget plans and forecast future financial outcomes.
• Oversee audit procedures for existing systems as the primary liaison for external auditors.
• Supervise team responsible for payroll processing, VAT compliance, and HMRC obligations. 
• Identify possible delivery risks, offer solutions as needed, and proficiently manage stakeholder expectations throughout the process.
• Conduct a thorough analysis of monthly and quarterly figures, presenting results to the board. 
• Manage working capital efficiently while producing cash flow projections.

3. Skills 

Here are the major skills to include in a finance manager job description.

• Extensive expertise in technical accounting.
• Proven track record of producing budgets. 
• Ability to utilize Excel and modeling to analyze financial data.
• Skilled in preparing statutory accounts with precision and accuracy. 
• Successfully managed annual audit procedures.
• Proficient in delegating tasks and overseeing the work of team members effectively. 
• Well-versed in both Accounts Payable (AP) and Accounts Receivable (AR). 
• Possess qualifications as a chartered accountant (ACA, ACCA, CIMA).

4. Salary 

Here is the estimated monthly salary of a finance manager in India.

• For an intern: ₹2-3 LPA
• For entry-level candidates: ₹7-10 LPA
• For senior finance managers: ₹11-15+ LPA

Also, check out how to write an inclusive job description to promote diversity at your workplace.

Finance Manager Job Description Template

Organizations hire finance managers to develop plans and strategies and achieve their long-term financial goals. If you wish to hire professionals who can make intelligent investment decisions for your company, prepare financial reports, and more, you should draft an appealing job description.

Here’s a sample job description for a finance manager. 

About the Company: ABC Innovators is a rapidly growing fintech company based in New Delhi. We specialize in developing digital banking solutions. We aim to simplify financial management through technology, offering secure and user-friendly experiences. Join us to be at the forefront of transforming the financial sector in the digital age. Job Title: Finance Manager Job Overview: We are looking for candidates to apply for the position of Finance Manager. This role offers an exciting opportunity to leverage your expertise in financial management, investment planning, and strategic decision-making.  Key Responsibilities: – Provide strategic financial leadership, guiding the development and execution of financial plans. – Assess and manage financial risks and implement strategies to minimize exposure.  – Oversee the development and monitoring of budgets and forecasts. – Conduct comprehensive financial analysis to provide insights and recommendations for optimizing financial performance. – Lead and mentor the finance team. – Manage relationships with external partners, including bankers, auditors, and tax authorities. – Ensure compliance with national and local financial regulations. Skills and Qualifications: – Bachelor’s degree in Finance, Accounting, or a related field.  – Advanced degrees (MBA, CFA, etc.) are a plus. – Relevant professional certifications, such as CFA, CPA, or others. – A financial modeling and valuation course certification. – A minimum of 4 years of experience in progressively responsible financial roles. – Proven ability to align financial strategies with organizational objectives. – Exceptional analytical and problem-solving skills. – Demonstrated leadership experience, including team management and development. – Strong written and verbal communication skills. Working Hours: This is a full-time position with regular business hours: 9:00 am – 5:00 pm, Monday-Friday. How to Apply? If you are an experienced finance professional ready to take the next step in your career, we invite you to submit your resume along with a cover letter to careers@abc.com

Conclusion

Creating a comprehensive finance manager job description is essential for attracting top talent and ensuring the success of your organization. It should include key responsibilities, qualifications, and desired skills to effectively manage financial operations. When crafting a job description for this role, don’t forget to be specific and accurate. 

If you found this blog helpful, let us know in the comments section below. Also, check out this quick guide on how to hire employees with tips, steps, and challenges to avoid during your hiring process.