Financial managers (NOC 0111)

High demand occupation

About this job

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

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

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.

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.