Senior Finance Manager Salary
On average, commissions constitute a fair portion (more than a third) of final income for Senior Finance Managers. That final number averages out to $126K across the industry. Cash earnings for Senior Finance Managers — which occasionally include more than $25K from bonuses and more than $18K from profit sharing — stretch from around $88K to approximately $158K. While career duration and the specific company impact pay for this group, geographic location is the most influential factor. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to most. Work is enjoyable for Senior Finance Managers, who typically claim high levels of job satisfaction. Senior Finance Managers who participated in the survey are largely men, dominating at 64 percent. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
|Salary||$82,454 - $143,707|
|Bonus||$4,777 - $24,743|
|Profit Sharing||$0.00 - $15,586|
|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).)
|$87,902 - $159,803|
Job Description for Senior Finance Manager
The senior finance manager is responsible for many of the monetary operations and decision for their organization. The senior finance manager controls a large amount of a company's capital, including how that capital is spent. To decide how the company's money is best spend, the senior finance manager must be able to create forecasts that explain and predict the results of particular investments. In addition, the senior finance manager is responsible for compiling information on assets and sales (as applicable), and communicating these figure to executives and subordinate managers in the organization. Finally, a senior finance manager is responsible for keeping open lines of communication with business partners to discuss potential joint ventures.Read More...
A senior finance manager typically needs a bachelor’s degree in finance, accounting, or another business-related field, as well as financial experience in their company's field (retail, manufacturing, etc.). In addition, the individual must have excellent communication and analytical skills and the ability to handle large, important decisions. (Copyright 2017 PayScale.com)
Senior Finance Manager Tasks
- Produce periodic reports on the performance of business initiatives and adherence to budgets.
- Manage organization's investments and cash needs, proposing changes in policies and procedures as new situations arise.
- Develop and review organization's budget, using forecasts and models to determine how to allocate funds.
- Supervise staff evaluating organization's financial performance, generating reports, analysis, and models.
Common Career Paths for Senior Finance Manager
Senior Finance Managers may progress into high-paying roles like Senior Finance Director, where median compensation is $177K annually. A Finance Director role is the most prevalent career advancement for Senior Finance Managers. Paychecks for that role are $105K on average. The VP of Finance position is another common transition for Senior Finance Managers; in this role, salaries are typically at the $139K mark.
Senior Finance Manager Job Listings
Popular Employer Salaries for Senior Finance Manager
Popular Skills for Senior Finance Manager
Survey results imply that Senior Finance Managers deploy a substantial tool kit of skills at work. Most notably, skills in Senior Financial Management, Project Management, Forecasting, and Strategic Planning are correlated to pay that is above average, with boosts in pay of 7 percent. Skills that pay less than market rate include Data Analysis. Most people experienced in Financial Reporting also know Budget Management and Financial Modeling. Most people experienced in Financial Analysis also know Financial Modeling and Budget Management.
Pay by Experience Level for Senior Finance Manager
Pay by Experience for a Senior Finance Manager has a positive trend. An entry-level Senior Finance Manager with less than 5 years of experience can expect to earn an average total compensation of $103,000 based on 47 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior 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 $123,000 based on 247 salaries. An experienced Senior Finance Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $131,000 based on 366 salaries. A Senior 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 $137,000 based on 110 salaries.
Pay Difference by Location
For those looking to make money, Senior Finance Managers in San Jose enjoy an exceptional pay rate, 28 percent above the national average. Senior Finance Managers will also find cushy salaries in San Francisco (+19 percent), Dallas (+7 percent), Seattle (+6 percent), and San Diego (+5 percent). The lowest-paying market is Philadelphia, which sits 25 percent below the national average, proving that location is a significant contributor to overall pay. Two other places where employers salaries are below the median are Minneapolis and Cincinnati (16 percent lower).
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Key Stats for Senior Finance Manager
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based on 114 votes.