What does a Senior Finance Manager do?
Published 3 min read
A Senior Finance Manager is responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies to grow revenue and reduce costs. A Senior Finance Manager is also responsible for managing a team of finance professionals.
Senior Finance Manager job duties include:
- Overseeing the preparation of financial reports
- Coordinating and preparing annual budgets
- Analyzing financial data and identifying trends
- Developing financial forecasting models
- Identifying opportunities for cost savings
- Assist in the development and implementation of new accounting policies
- Reviewing and approving journal entries
- Overseeing the month-end close process
- Preparing ad-hoc financial analysis as requested
Senior Finance Manager Job Requirements
A Senior Finance Manager typically has a Bachelor's degree in accounting, finance, or a related field. Many Senior Finance Managers also have a Master's degree or certification in financial management. In addition to education, a Senior Finance Manager typically has at least 5 years of experience working in finance or accounting.
Senior Finance Manager Skills
- Financial analysis
- Financial planning
- Budgeting
- Forecasting
- Financial reporting
- Variance analysis
- Financial modeling
- Treasury management
- Risk management
- Credit management
- Insurance management
- Tax planning
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How to become a Senior Finance Manager
The role of a Senior Finance Manager is to provide financial leadership and support to an organization. They are responsible for the financial planning, analysis, and reporting of an organization. They work closely with the CEO, CFO, and other senior managers to develop and implement financial strategies. A Senior Finance Manager must have a strong understanding of accounting principles and financial analysis. They should also be able to effectively communicate their findings to senior management.
To become a Senior Finance Manager, one should first obtain a bachelor’s degree in accounting or finance. Many organizations also require their Senior Finance Managers to have an MBA or other advanced degree. It is also important to gain experience in the field of finance. Many Senior Finance Managers start their careers as financial analysts or accountants. It is also beneficial to obtain certification from the Financial Industry Regulatory Authority (FINRA).
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