Finance Officer Salary (India)
A Finance Officer earns an average salary of Rs 339,950 per year. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience. Most people with this job move on to other positions after 20 years in this field. The skills that increase pay for this job the most are Accounting and SAP SAP Financial Accounting and Controlling (SAP FICO).
|Range||Rs 0Rs 777K|
|Salary||Rs 159,662 - Rs 719,025|
|Bonus||Rs 3,077 - Rs 87,172|
|Profit Sharing||Rs 0.00 - Rs 150,000|
|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).)
|Rs 173,446 - Rs 777,874|
Job Description for Finance Officer
Finance officers are executives who handle financial issues and decisions in a company. They may oversee accounting departments, review reports, and create budgets. Financial officers also may supervise spending, which can include investments and cash management; they may be responsible for preparing financial statements while maintaining compliance with state and federal government regulations. Managing an internal audit and reporting findings, as well as making recommendations based on that audit, is often part of the duties of a finance officer.Read More...
Finance officers typically work as a team, typically under tight deadlines; they also often work closely with the CEO and other officers within the company. Their typical hours are a business' regular hours, although some overtime might be required for special projects or under tight deadlines.
Companies typically select candidates that are trustworthy, honest, efficient, and ethical. This position requires strong accounting, analytical, problem solving, and computer skills as well. In terms of education, companies typically look for candidates with, at minimum, a bachelor’s degree in finance, accounting, or business administration; some may also seek post-graduate or master's level experience in an accounting program and some related financial experience. Professional certification is available for finance officers. One such certification is the certified public finance officer (CPFO); continuing education is required to maintain certifications, and many employers will provide or subsidize those opportunities. (Copyright 2018 PayScale.com)
Finance Officer Tasks
- Coordinate financial record-keeping and oversee the development of yearly budgets.
- Provide financial guidance and management expertise related to company operations and financial strategy.
- Supervise investment strategies, direct financial resources, and manage company assets.
- Ensure that accounting, budget and audit controls and systems are in compliance with State, Federal and local rules and regulations.
Finance Officer Job Listings
Pay by Experience Level for Finance Officer
Pay by Experience for a Finance Officer has a positive trend. An entry-level Finance Officer with less than 5 years of experience can expect to earn an average total compensation of Rs 284,000 based on 79 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Finance Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of Rs 452,000 based on 43 salaries. An experienced Finance Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of Rs 686,000 based on 19 salaries. A Finance Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of Rs 610,000 based on 5 salaries.
Pay Difference by Location
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Key Stats for Finance Officer
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