Financial Manager How to Hire, Salary Data, and Job Descriptions

A Financial Manager is responsible for the financial health of an organization. They evaluate the financial situation and develop plans and strategies to ensure the long-term financial success of the company. A financial manager must be able to understand and analyze financial information and make recommendations to management as to the course of action the company should take. Good leadership skills are needed, as financial managers oversee the operations of the finance department. 

Financial managers need a strong understanding of accounting principles, financial statistics, and all statutory legislation and regulations. They must follow financial trends and patterns and adjust company strategies accordingly. Excellent interpersonal, communication, and presentation skills are requirements for this role. Financial managers should also be detail-oriented, analytical, and have strong math skills. Experience in banking, compliance, financial services, and/or accounting is extremely helpful. 

Sample job description #1

The Finance Manager is an essential member of the reservations dedicated to providing exceptional quality and service to our guests.

We are looking for individuals who possess a high level of attention to detail and a strong work ethic. The ability to multitask and prioritize is also essential for this position.

  • The Accounting Manager is responsible for assisting the Staff Accountant and Assistant Director of Finance in maintaining the general ledger and balance sheet reconciliations
  • Additionally, the Accounting Manager is responsible for supervising other areas within the Finance Department under the direction of the Staff Accountant, including payroll, accounts payable, and general cashiering in accordance with all related local and corporate policies and procedures
  • The Accounting office structure may vary and responsibilities will be adapted as required
  • Maintain harmonious and professional relationship with all departments and Home Office
  • Comply with and enforce Four Seasons’ Category One and Category Two Work Rules and Standards of Conduct as set forth in EmPact
  • Support Assistant Director of Finance with maintaining the effectiveness of internal controls to safeguard the assets and resources of the hotel
  • Actively support other department managers with matters dealing with labor standards, payroll, and other issues that may arise
  • Assist and supervise the efforts, quality, and timeliness of all aspects of payroll, accounts payable, and general cashiering, or other areas as directed by the Assistant Director of Finance and Director of Finance. Support departments in this area
  • Assist with the development of the Finance Department staff to aid the future growth of the company
  • Understand and possess a working knowledge of the Accounting & Finance Manual
  • Intermediate understanding of Month-End Process, including but not limited to preparation of financial statements, accruals and journal entries, maintain reconciliations for all balance sheet accounts in established corporate formats and in accordance with generally accepted accounting principals
  • Ensure that income is properly recorded and an accurate and timely Daily Business Report is generated
  • Have the ability to direct the efforts, quality, and timeliness of all aspects of the payroll, general ledger, accounts payable, and general cashiering.

Successful candidates will be a willing team player, comfortable with electronic systems, and willing to accept assignments on as need basis, in order to promote team work.

Preferred qualifications and skills

  • Exceptional communication skills and command of English language
  • Additional language preferred but not required
  • Completion of Post-Secondary Education in Hospitality or related field
  • Previous experience in Reservations and/or Front Office managing a high call volume
  • Strong Customer Service, Multi-tasking, and Communication Skills
  • Knowledge of Sun, iScala, and Opera Property Management System and ability to operate other various electronic systems.
  • Service Passion for Luxury Hospitality
  • Requires attention to detail and problem solving skills

Sample job description #2

Lead annual, quarterly, and periodic cost planning and performance management processes. Provide strong business analytics and leadership to the Region/Market teams in delivering the full annual operating plan.

  • Support regional cost objectives through strong business partnering and analytical insight
  • Drive labor productivity agenda and holistic cost management
  • Lead planning and forecasting responsibility for Go To Market (GTM) cost functions
  • Function as strategic partner to the Sr. Director – Sales Support, and other key members of the division team

Key accountabilities

  • Provide period/QBP forecasts for functional cost centers
  • Collaborate with Sector Supply Chain Finance on planning/forecasting processes
  • Track labor productivity and provide insights on performance, and partner with functional managers to address opportunities
  • Support delivery of division’s productivity initiatives
  • Provide leadership and support to achieve overall operating plan
  • Lead waste reduction initiatives
  • Develop and roll out forecasting, planning, and analytical tools
  • Conduct variance analysis and location level support during the period close process
  • Build financial and process literacy to the South Division functional teams
  • Provide insightful analysis of business results to Senior Management and perform ad hoc analyses that lead to problem solving and business improving recommendations.

Qualifications and requirements

  • BS Degree in Finance or Accounting. Advanced
  • Minimum of 5-7 years of relevant experience
  • 5+ years of combined Accounting/Finance/Financial Systems experience
  • Ability to manage multiple priorities in a fast paced work environment
  • Customer service oriented attitude and demonstrated leadership capability
  • Advanced use of MS Office Suite, ability to quickly learn various in-house software applications
  • Strong analytical and communication skills
  • Ability to storyline and present to Senior Leadership
  • Covid-19 vaccination may be a condition of employment dependent on role and location. For specific information, please discuss role requirements with the recruiter.

Sample job description #3

Responsibilities

  • Provide analysis of business trends and variance of financial results and key performance indicators across the assigned business unit
  • Partner with business leader to ensure business unit meets/exceeds its targets and act as an integral member of the business unit team
  • Become single point of contact within finance for the assigned business unit
  • Develop metrics and reporting to be used to support the business and drive decisions
  • Lead annual planning process and periodic projection updates for the Business unit
  • Support the Accounting department during month and quarter end close to ensure financial data accuracy
  • Maintain continuous process improvement and standardization within the functional area
  • Conduct ad hoc analysis and special projects as needed

Requirements

  • Bachelor’s degree in Finance, Accounting, Quantitative Analysis, or similar
  • 5-10 years related experience in analysis, forecasting and/or accounting
  • Ability to perform basic financial analyses, including variance and trend analysis
  • Strong communication skills, including the ability to understand and explain business trends to Senior Management.
  • Solid understanding of financial principles and their application in a business environment
  • Self-starter, well organized, detail-oriented, and a highly collaborative team member
  • Ability to balance multiple priorities simultaneously with the ability to adapt to the changing needs of the business while meeting deadlines
  • Strong general proficiency in Microsoft Office suite of products, including excel modeling, pivot tables, variance analysis, and excel charts/graphs
  • Strong database proficiency highly preferred (including both relational and multi-dimensional databases such as Essbase)

Average salary and compensation

The average salary for a financial manager is $111,100 per year in the United States. However, salary will vary depending on location, industry, company, and size of organization.

LocationSalary LowSalary High
Phoenix, Arizona$110,450$149,450
Los Angeles, California$124,650$168,650
Denver, Colorado$103,850$140,500
Washington, DC$126,500$171,200
Miami, Florida$103,400$139,900
Orlando, Florida$95,350$129,000
Tampa, Florida$96,300$130,300
Atlanta, Georgia$101,000$136,700
Chicago, Illinois$116,150$157,150
Boston, Massachusetts$125,550$169,900
Minneapolis-St. Paul, Minnesota$100,100$135,400
New York City, New York$132,200$178,850
Philadelphia, Pennsylvania$107,650$145,650
Dallas, Texas$104,800$141,800
Houston, Texas$104,350$141,150
Seattle, Washington$120,850$163,500
National Average$94,400$127,750

Sample interview questions

  • What is the most difficult part of being a financial manager?
  • Tell me about your experience creating and overseeing budgets.
  • What is the most important skill to have as a financial manager, in your opinion?
  • What is the largest budget you have managed to date?
  • How have your previous jobs and experiences prepared you for this role?
  • Are you comfortable advising others and making important financial decisions?
  • Can you tell me about a time that you had to tell an executive about a loss/error? How did you handle that conversation?
  • Are you comfortable producing and presenting financial reports?
  • What is working capital? 
  • Tell me about a time when you did not meet a deadline, and why that occurred. How did you handle the situation? 
  • Are you comfortable working independently and having such a large level of responsibility?
  • Can you name three financial statements and explain their purposes? 

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