Commercial Finance Manager Salary
Commercial Finance Managers in the United States pull down an average of $95K annually. Most workers in this position report high levels of job satisfaction. Most enjoy medical and dental coverage in this occupation, and a large number get vision benefits. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 50 percent. Women are just slightly outnumbered, with male Commercial Finance Managers making up 50 percent of survey respondents. The information for this snapshot was generated by responses to the PayScale salary survey.
|Salary||$64,517 - $141,914|
|Bonus||$2,027 - $16,499|
|Total Pay (||$68,803 - $147,571|
Job Description for Commercial Finance Manager
Simply put, the goal of a commercial finance manager is to increase profits for their business. These managers analyze various data from company performance and determine areas for improvement, so applicants should have up-to-date knowledge of trends in the marketplace in order to propose new ideas and opportunities. It is also important to keep an eye on the competition to develop the most effective strategies.Read More...
A commercial finance manager may also work with his/her company's marketing department to help develop profitable ideas for promotions and set prices for products. He/she also analyzes all of the company’s operations throughout the supply chain to determine where efficiency or cost-effectiveness can be improved. This is often a leadership position which involves working with a commercial finance team, so some hiring and disciplinary duties may be necessary to develop successful teams.
These managers will also help the finance and accounting departments within the company to ensure that they're operating efficiently. They will provide advice to these departments in areas such as profitability forecasting, performance reporting, marketing analysis, and new product development. These managers also help other managers develop policies and work protocols, including working with the finance department to develop plans, forecasts, and analyses. Generally, a minimum of a Bachelor’s degree in Accounting, Business or Finance is required, along with years of work experience in a relevant field. Some leadership experience may also be required. Some positions require a Master’s degree.
Commercial Finance Manager Tasks
- Prepare informational analyses on current processes, actual performance versus budget and prior year data.
- Assist Operations team in Monthly Operations Review.
- Identify areas for cost reductions and operational improvements.
- Provide analyses to Operations team.
Commercial Finance Manager Job Listings
Pay by Experience Level for Commercial Finance Manager
Pay by Experience for a Commercial Finance Manager has a positive trend. An entry-level Commercial Finance Manager with less than 5 years of experience can expect to earn an average total compensation of $80,000 based on 17 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Commercial Finance Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $106,000 based on 19 salaries. An experienced Commercial Finance Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $113,000 based on 12 salaries. A Commercial Finance Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $102,000 based on 11 salaries.
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Key Stats for Commercial Finance Manager
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