Finance Manager Salary (United Arab Emirates)
A Finance Manager earns an average salary of AED 239,657 per year. Pay for this job rises steadily for more experienced workers, but goes down noticeably for employees with more than 20 years' experience. The skills that increase pay for this job the most are SAP Financial Accounting and Controlling (SAP FICO) and SAP SAP Financial Accounting and Controlling (SAP FICO). Most people move on to other jobs if they have more than 20 years' experience in this career.
|Range||AED 0AED 483K|
|Salary||AED 91,756 - AED 441,996|
|Bonus||AED 2,007 - AED 88,059|
|Profit Sharing||AED 0.00 - AED 198,659|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|AED 96,218 - AED 483,224|
Job Description for Finance Manager
Finance managers develop and monitor departmental budgets. They make relevant financial forecasts for their company. They work with other managers and their staff to establish their company’s future budgets. Their department keeps track of ongoing expenses to make sure that they are not over the budget. They ask relevant managers for clarification when their departmental expenses have surpassed the established budget. They are responsible for accurate and timely reporting of various. They must take ownership of various projects and delegate them to their staff. They follow up with their staff regarding project progress.Read More...
They must ensure that all projects meet established deadlines. They must conduct performance evaluations in a timely manner and provide timely feedback to their staff. They must have prior management or supervisory experience in the same industry. They must have strong leadership and interpersonal skills. They must have excellent oral and written communication skills. They must be able to build strong teamwork. They must be comfortable making presentations and leading various staff meetings.
They must have a bachelor’s degree in finance, management, accounting, business administration, or other relevant fields. Some employers prefer that candidates have CPA certifications and/or MBAs. They must have strong analytical skills. They must be familiar with Microsoft Office suite and their organization's computer system. They must have a high degree of proficiency in working with various financial applications and reporting tools. (Copyright 2018 PayScale.com)
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.
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Pay by Experience Level for Finance Manager
Pay by Experience for a Finance Manager has a positive trend. An entry-level Finance Manager with less than 5 years of experience can expect to earn an average total compensation of AED 184,000 based on 202 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A 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 AED 248,000 based on 339 salaries. An experienced Finance Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of AED 280,000 based on 345 salaries. A 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 AED 248,000 based on 74 salaries.
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