Financial Analysis Manager Salary
A Financial Analysis Manager earns an average salary of $93,737 per year. Pay for this job does not change much by experience, with the most experienced earning only a bit more than the least. Most people move on to other jobs if they have more than 20 years' experience in this field.
Job Description for Financial Analysis Manager
Financial analysis managers are responsible for managing financial analysis activities for their organization, collecting information related to financial performance and consolidating it into complex company reports. They are in charge of actively contribute to organizational financial decisions based on their expertise and manage a group of financial analysts to reach all company goals in a timely manner. Financial analysis managers interpret raw financial data to recommend changes to business processes, participate in business meetings to present their progress to the financial analysis director,or supervisor in their department, and use a personal computer with specialized software to make calculations and run analysis. They also build financial models to analyze possible business changes.Read More...
Additionally, financial analysis managers gather information about business costs, expenses, activities, and vendors to reduce overhead and increase profitability. Financial analysis managers share company information with other internal departments and act as a liaison between risk management, financial, and taxes professionals within the organization. One of the manager's main responsibilities includes analyzing company budgets for inconsistencies and accounting discrepancies.
A bachelor's degree in finance, economics, or a related field is necessary for this position. In addition, previous relevant experience - including in a managerial capacity - is required for this job. Industry and leadership certifications may be preferred. Financial analysis managers must possess excellent interpersonal skills to interact with financial experts, as well as be able present complex information to non-financial professionals in an understandable manner. They need to be proficient with word processing, spreadsheet, and database software to complete their analysis duties; they should also be able to use proprietary programs to perform financial analysis.
Financial Analysis Manager Tasks
- Oversee and contribute to monthly, quarterly and annual budget preparation and evaluation.
- Supervise and communicate ad-hoc analyses for special projects and executive requests.
- Review forecasts from other departments and create bridge plans.
- Create and present financial plans and overviews.
- Direct forecasting and goal-setting efforts for financial plans.
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