Financial managers (NOC 0111)

About this job

Financial managers plan, organize, direct, control and evaluate the operation of financial and accounting departments.

See what a day in the life of this job is like—watch WorkBC’s Career Trek video about this occupation.

Source: WorkBC’s Career Trek

People in this occupation:

  • develop and create the financial policies and systems of financial and commercial establishments
  • set performance standards and prepare various financial reports for senior management
  • are employed in financial and accounting departments in companies throughout the private sector and in government
Common job titles
  • assigned public accountants chief
  • assistant treasurer - finances
  • chief, independent public accountants
  • co-ordinator, financial resources service
  • corporate controller
  • director, financial services
  • assigned public accountants chief
  • assistant treasurer - finances
  • chief, independent public accountants
  • chief, revenue accounting & controls
  • collections department manager
  • comptroller

Earnings

Annual provincial median salary

$83,215

Source: 2016 Job Bank Wage data

Note:Estimated median employment income based on 2016 Job Bank median hourly wage rate (median annual salary = hourly wage rate x 40 (hours per week) x 52.14 (weeks per year))

Provincial hourly rate

  • High
  • Median
  • Low

Source: 2016 Job Bank Wage Report

Duties

Financial managers:

  • plan, organize, direct, control and evaluate the operation of an accounting, audit or other financial department
  • develop and create the financial policies, systems and procedures of a business establishment
  • prepare, or coordinate the preparation of, financial statements, summaries and other cost-benefit analyses and financial management reports
  • coordinate 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 acquisitions
  • notify and report to senior management concerning any trends that are critical to the organization's financial performance

Work environment

Work typically takes place in an office environment.

Job requirements

Education, training & qualifications

  • 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).

Skills

  • Innovative
  • Detail-Oriented
  • Directive
  • Verbal & Written Comprehension
  • Numerical Ability
View skills definitions

Education programs in B.C.

The following program areas are related to this occupation:
  • Accounting
  • Economics
  • Economics (Arts)
  • Economics (Science)
  • Finance

For more information about programs offered specifically for this career, visit EducationPlannerBC.

Select a region to view regional outlook
Vancouver Island / Coast Mainland / Southwest Thompson-Okanagan Kootenay Cariboo Northeast North Coast & Nechako
Cariboo
Employment in 2016:
100
Average annual employment growth:
N/A
Expected number of job openings:
N/A
Kootenay
Employment in 2016:
90
Average annual employment growth:
N/A
Expected number of job openings:
N/A
Mainland / Southwest
Employment in 2016:
6,530
Average annual employment growth:
1.3%
Expected number of job openings:
3,490
North Coast & Nechako
Employment in 2016:
10
Average annual employment growth:
N/A
Expected number of job openings:
N/A
Northeast
Employment in 2016:
40
Average annual employment growth:
N/A
Expected number of job openings:
N/A
Thompson-Okanagan
Employment in 2016:
520
Average annual employment growth:
1.0%
Expected number of job openings:
310
Vancouver Island / Coast
Employment in 2016:
1,080
Average annual employment growth:
1.1%
Expected number of job openings:
630

N/A - Data not available

Source: B.C. Labour Market Outlook

Career paths and resources

Career paths

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

Additional resources

Additional resources are not currently available for this career.