Financial manager


Financial managers handle all the matters in reference to the finance and investments of a company. They manage financial operations of companies such as the assets, liabilities, equity and cash flow aiming to maintain the financial health of the company and operative viability. Financial managers evaluate the strategic plans of the company in financial terms, maintain transparent financial operations for taxation and auditing bodies, and create the financial statements of the company at the end of the fiscal year.

Other titles

The following job titles also refer to financial manager:

corporate finance manager
financial administrator
financial controller
finance chief
financial director
finance manager

Minimum qualifications

Bachelor’s degree is generally required to work as financial manager. However, this requirement may differ in some countries.

ISCO skill level

ISCO skill level is defined as a function of the complexity and range of tasks and duties to be performed in an occupation. It is measured on a scale from 1 to 4, with 1 the lowest level and 4 the highest, by considering:

  • the nature of the work performed in an occupation in relation to the characteristic tasks and duties
  • the level of formal education required for competent performance of the tasks and duties involved and
  • the amount of informal on-the-job training and/or previous experience in a related occupation required for competent performance of these tasks and duties.

Financial manager is a Skill level 4 occupation.

Financial manager career path

Similar occupations

These occupations, although different, require a lot of knowledge and skills similar to financial manager.

accounting manager
bank manager
bank treasurer
banking products manager
budget manager

Promotions or specializations

These occupations require some skills and knowledge of financial manager. They also require other skills and knowledge, but at a higher ISCO skill level, meaning these occupations are accessible from a position of financial manager with a significant experience and/or extensive training.

Essential knowledge and skills of financial manager

Essential knowledge

This knowledge should be acquired through learning to fulfill the role of financial manager.

Financial statements
Financial management
Financial analysis

Essential skills and competences

These skills are necessary for the role of financial manager.

Enforce financial policies
Analyse market financial trends
Strive for company growth
Create a financial plan
Advise on financial matters
Analyse financial performance of a company
Plan health and safety procedures
Liaise with managers
Follow company standards

Optional knowledge and skills of financial manager

Optional knowledge

This knowledge is sometimes, but not always, required for the role of financial manager. However, mastering this knowledge allows you to have more opportunities for career development.

Accounting department processes
Business management principles
Financial products
Risk transfer
International trade
Customer service
Insurance law
Foreign valuta
Debt collection techniques
Bookkeeping regulations
Funding methods
Public finance
Financial department processes
Banking activities
International financial reporting standards
Government social security programmes
Financial forecasting
Business valuation techniques
Energy performance of buildings
Public relations
Fraud detection
Survey techniques
Marketing management
Debt classification
Contract law
Fire safety regulations
Building codes
Corporate social responsibility
Building construction principles
Real estate market
Budgetary principles
Liquidity management
Cost management
Market research
Accounting techniques
Types of pensions
Financial markets
Insolvency law
Accounting entries
Mortgage loans
Principles of insurance
Advertising techniques
Property law
Debt systems
Stock market
Modern portfolio theory
Business loans
Investment analysis
Actuarial science
National generally accepted accounting principles
Tax legislation
Corporate law
Customer relationship management
Marketing principles
Electronic communication
Credit control processes
Claims procedures
Financial jurisdiction
Sales strategies
Concurrent estate
Public offering
Public housing legislation
Company policies
Insurance market
Types of insurance

Optional skills and competences

These skills and competences are sometimes, but not always, required for the role of financial manager. However, mastering these skills and competences allows you to have more opportunities for career development.

Apply credit risk policy
Guarantee customer satisfaction
Collect property financial information
Trace financial transactions
Manage claim files
Advise on bankruptcy proceedings
Audit contractors
Produce materials for decision making
Manage government-funded programmes
Integrate strategic foundation in daily performance
Produce statistical financial records
Calculate insurance rate
Carry out strategic research
Manage donor database
Make investment decisions
Communicate with customers
Advise on risk management
Advise on credit rating
Conclude business agreements
Analyse loans
Inform on fiscal duties
Support development of annual budget
Advise on tax planning
Manage securities
Perform stock valuation
Inspect government expenditures
Represent the organisation
Check construction compliance
Analyse claim files
Forecast organisational risks
Perform risk analysis
Coordinate events
Manage budgets
Maintain relationship with customers
Prepare tax returns forms
Manage volunteers
Maintain client debt records
Liaise with auditors
Protect client interests
Liaise with local authorities
Work within communities
Handle customer complaints
Build community relations
Ensure lawful business operations
Plan product management
Monitor financial accounts
Control financial resources
Organise press conferences
Calculate tax
Deliver a sales pitch
Report on overall management of a business
Manage credit union operations
Manage staff
Ensure information transparency
Oversee the facilities services budget
Develop product policies
Compile appraisal reports
Analyse insurance needs
Prepare financial auditing reports
Solve bank account problems
Liaise with financiers
Analyse business objectives
Advise on property value
Prepare credit reports
Develop investment portfolio
Draw conclusions from market research results
Provide cost benefit analysis reports
Recruit employees
Create banking accounts
Ensure compliance with company regulations
Manage profitability
Review insurance process
Perform fundraising activities
Assist in loan applications
Attend trade fairs
Analyse business processes
Review investment portfolios
Estimate profitability
Advise on investment
Show an exemplary leading role in an organisation
Synthesise financial information
Create credit policy
Evaluate performance of organisational collaborators
Analyse business plans
Decide on insurance applications
Interpret financial statements
Check accounting records
Prepare financial statements
Negotiate with property owners
Maintain records of financial transactions
Evaluate budgets
Recruit personnel
Manage corporate bank accounts
Plan allocation of space
Communicate with banking professionals
Develop promotional tools
Ensure finished product meet requirements
Identify customer’s needs
Examine credit ratings
Advise on communication strategies
Implement operational business plans
Abide by business ethical code of conducts
Provide support in financial calculation
Inform on renting agreements
Manage personnel
Prospect new customers
Investigate social security applications
Create cooperation modalities
Handle lease agreement administration
Obtain financial information
Determine loan conditions
Consult information sources
Collect rental fees
Supervise property development projects
Initiate claim file
Manage administrative systems
Draft press releases
Liaise with advertising agencies
Liaise with property owners
Define measurable marketing objectives
Prepare inventory of properties
Perform dunning activities
Perform public relations
Manage financial risk
Keep updated on the political landscape
Follow the statutory obligations
Develop an organisational structure
Manage loan applications
Negotiate with stakeholders
Conduct financial audits
Promote financial products
Handle tenant changeover
Provide information on properties
Liaise with shareholders
Coordinate marketing plan actions
Fix meetings
Analyse internal factors of companies
Manage contracts
Hire new personnel
Maintain credit history of clients
Supervise staff
Perform asset recognition
Calculate dividends
Examine the conditions of buildings
Plan marketing campaign
Perform debt investigation
Operate financial instruments
Safeguard bank reputation
Handle incoming insurance claims
Shape corporate culture
Advise on public finance
Impart business plans to collaborators
Perform clerical duties
Report major building repairs
Integrate shareholders’ interests in business plans
Coordinate advertising campaigns
Coordinate operational activities
Analyse the credit history of potential customers
Delegate activities
Review closing procedures
Monitor stock market
Exert expenditure control
Value properties
Ensure cross-department cooperation
Lead claim examiners
Draft accounting procedures
Advise on tax policy
Negotiate on asset value
Assess reliability of data
Disseminate information on tax legislation
Develop company strategies
Compare property values
Establish contact with potential donors
Assess customer credibility
Create risk reports
Manage fundraising activities
Develop professional network
Manage the handling of promotional materials
Liaise with board members
Ensure proper document management
Apply technical communication skills
Create underwriting guidelines
Monitor loan portfolio
Trade securities
Consult credit score
Manage claims process
Perform cost accounting activities
Create insurance policies
Develop public relations strategies
Estimate damage
Provide investment advice
Apply for government funding
Negotiate loan agreements
Write charity grant proposals
Explain accounting records
Perform project management
Plan buildings maintenance work
Develop financial products
Get involved in the day-to-day operation of the company
Analyse external factors of companies
Supervise sales activities
Present reports
Monitor national economy
Inform on interest rates
Ensure compliance with accounting conventions
Sell insurance
Execute feasibility study
Assess risk factors
Monitor contractor performance
Compile statistical data for insurance purposes
Collect financial data
Ensure compliance with disclosure criteria of accounting information
Manage the general ledger
Build business relationships
Budget for financial needs
Create a financial report
Assume responsibility for the management of a business
Perform asset depreciation
Idenfify if a company is a going concern
Manage accounts
Inform on government funding
Offer financial services
Analyse insurance risk
Train employees
Perform account allocation
Perform property market research
Attach accounting certificates to accounting transactions
Provide financial product information
Assess financial viability
Develop business plans
Analyse financial risk
Develop audit plan
Align efforts towards business development
Monitor title procedures
Organise property viewing
Identify clients’ needs
Supervise accounting operations
Make strategic business decisions
Handle financial disputes
Manage contract disputes
Implement strategic planning
Handle financial transactions
Maintain financial records
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ISCO group and title

1211 – Finance managers







U.S. Bureau of Labor Statistics

Last updated on June 8, 2022

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