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Become A Finance Engineer

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Working As A Finance Engineer

  • Interacting With Computers
  • Communicating with Supervisors, Peers, or Subordinates
  • Guiding, Directing, and Motivating Subordinates
  • Coaching and Developing Others
  • Establishing and Maintaining Interpersonal Relationships
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Make Decisions

  • $83,500

    Average Salary

What Does A Finance Engineer Do

Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.

Duties

Financial managers typically do the following:

  • Prepare financial statements, business activity reports, and forecasts
  • Monitor financial details to ensure that legal requirements are met
  • Supervise employees who do financial reporting and budgeting
  • Review company financial reports and seek ways to reduce costs
  • Analyze market trends to maximize profits and find expansion opportunities
  • Help management make financial decisions

The role of the financial manager, particularly in business, is changing in response to technological advances that have substantially reduced the amount of time it takes to produce financial reports. Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ways to maximize profits. They often work on teams, acting as business advisors to top executives.

Financial managers also do tasks that are specific to their organization or industry. For example, government financial managers must be experts on government appropriations and budgeting processes, and healthcare financial managers must know about topics in healthcare finance. Moreover, financial managers must be knowledgeable about special tax laws and regulations that affect their industry.

The following are examples of types of financial managers:

Chief financial officers (CFOs) are accountable for the accuracy of a company’s or organization’s financial reporting, especially among publicly traded companies. As head of a company’s entire financial department, they manage the lower level financial managers. They oversee the company’s financial goals, objectives, and budgets.

Controllers direct the preparation of financial reports that summarize and forecast the organization’s financial position, such as income statements, balance sheets, and analyses of future earnings or expenses. Controllers also are in charge of preparing special reports required by governmental agencies that regulate businesses. Often, controllers oversee the accounting, audit, and budget departments of their organization.

Treasurers and finance officers direct their organization’s budgets to meet its financial goals. They oversee the investment of funds and carry out strategies to raise capital (such as issuing stocks or bonds) to support the firm’s expansion. They also develop financial plans for mergers (two companies joining together) and acquisitions (one company buying another).

Credit managers oversee their firm’s credit business. They set credit-rating criteria, determine credit ceilings, and monitor the collections of past-due accounts.

Cash managers monitor and control the flow of cash that comes in and goes out of the company to meet the company’s business and investment needs. For example, they must project cash flow (amounts coming in and going out) to determine whether the company will have a shortage or surplus of cash. 

Risk managers control financial risk by using strategies to limit or offset the probability of a financial loss or a company’s exposure to financial uncertainty. Among the risks they try to limit are those that stem from currency or commodity price changes.

Insurance managers decide how best to limit a company’s losses by obtaining insurance against risks, such as the need to make disability payments for an employee who gets hurt on the job or the costs imposed by a lawsuit against the company.

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How To Become A Finance Engineer

Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as an accountant, securities sales agent, or financial analyst.

Education

A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers. However, many employers now seek candidates with a master’s degree, preferably in business administration, finance, or economics. These academic programs help students develop analytical skills and learn financial analysis methods and software.

Licenses, Certifications, and Registrations

Professional certification is not required, but some financial managers still get it to demonstrate a level of competence. The CFA Institute confers the Chartered Financial Analyst (CFA) certification to investment professionals who have at least a bachelor’s degree, 4 years of work experience, and pass three exams. The Association for Financial Professionals confers the Certified Treasury Professional credential to those who pass an exam and have a minimum of 2 years of relevant experience.

Work Experience in a Related Occupation

Financial managers usually have experience in another business or financial occupation. For example, they may have worked as a loan officer, accountant, securities sales agent, or financial analyst. 

In some cases, companies provide formal management training programs to help prepare highly motivated and skilled financial workers to become financial managers.

Important Qualities

Analytical skills. Financial managers increasingly are assisting executives in making decisions that affect their organization, a task which requires analytical ability.

Communication skills. Excellent communication skills are essential because financial managers must explain and justify complex financial transactions.

Detail oriented. In preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors.

Math skills. Financial managers must be skilled in math, including algebra. An understanding of international finance and complex financial documents also is important.

Organizational skills. Financial managers deal with a range of information and documents and so they must stay organized to do their jobs effectively.

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Finance Engineer jobs

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Finance Engineer Demographics

Gender

Male

57.1%

Female

22.0%

Unknown

21.0%
Ethnicity

White

52.7%

Asian

37.5%

Hispanic or Latino

6.7%

Unknown

2.4%

Black or African American

0.6%
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Languages Spoken

Mandarin

27.3%

Spanish

18.2%

French

13.6%

Portuguese

9.1%

Chinese

9.1%

German

4.5%

Japanese

4.5%

Persian

4.5%

Arabic

4.5%

Italian

4.5%
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Finance Engineer Education

Schools

Johns Hopkins University

16.2%

University of Chicago

13.5%

Georgia Institute of Technology -

6.8%

George Washington University

6.8%

University of Michigan - Ann Arbor

5.4%

University of Washington

4.1%

Boston University

4.1%

Harvard University

4.1%

DePaul University

4.1%

Columbia University

4.1%

Illinois Institute of Technology

4.1%

James Madison University

4.1%

Cornell University

4.1%

Syracuse University

2.7%

Stanford University

2.7%

University of Rochester

2.7%

New York University

2.7%

University of California - Los Angeles

2.7%

Vanderbilt University

2.7%

University of Nebraska at Omaha

2.7%
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Majors

Finance

34.6%

Business

10.6%

Applied Mathematics

10.6%

Computer Science

6.7%

Economics

6.7%

Mathematics

5.6%

Electrical Engineering

3.9%

Management

3.4%

Management Science

2.2%

Engineering

2.2%

Operations Research

2.2%

Accounting

1.7%

Physics

1.7%

Statistics

1.1%

Political Science

1.1%

Business Economics

1.1%

Computer Applications

1.1%

Information Systems

1.1%

Biomedical Engineering

1.1%

Mechanical Engineering

1.1%
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Degrees

Masters

66.5%

Bachelors

16.0%

Doctorate

12.0%

Other

4.5%

Certificate

0.5%

Associate

0.5%
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Job type you want
Full Time
Part Time
Internship
Temporary

Real Finance Engineer Salaries

Job Title Company Location Start Date Salary
Global Equities IT Financial Engineer Citadel LLC Chicago, IL Sep 03, 2015 $200,000
Execution Financial Engineer Citadel LLC Chicago, IL Oct 08, 2016 $175,000
Director/Senior Financial Engineer Numerix LLC New York, NY Sep 26, 2015 $160,000
Financial Engineer Tilden Park Capital Management LP New York, NY Mar 09, 2016 $150,000
Financial Engineer Citadel LLC New York, NY Nov 16, 2016 $150,000
Senior Financial Engineer Port 22 LLC Chicago, IL May 16, 2016 $150,000
Senior Financial Engineer V3 Markets, LLC Chicago, IL Sep 08, 2015 $150,000
Financial Engineer Citadel LLC Chicago, IL Aug 16, 2016 $150,000
Financial Engineer CTC Trading Group, LLC Chicago, IL Jun 07, 2016 $150,000
Financial Engineer Citadel LLC Chicago, IL Nov 06, 2015 $150,000
Financial Engineer Financial Engines, Inc. Sunnyvale, CA Nov 27, 2016 $147,009
Financial Engineer Citadel LLC Chicago, IL Oct 11, 2015 $145,000
Senior Financial Engineer SG Americas Securities, LLC New York, NY Sep 13, 2015 $145,000
Financial Engineer Moody's Investors Service, Inc. New York, NY Jul 27, 2015 $120,000
Financial Engineer Summit Securities Group LLC Chicago, IL Sep 10, 2015 $120,000
Engineer, Financial Software Lendingclub Corporation San Francisco, CA Oct 05, 2016 $120,000
GSS Quantitative Financial Engineer AQR Capital Management, LLC Greenwich, CT May 08, 2015 $120,000 -
$140,000
Financial Analytics Engineer Financial Engines, Inc. Sunnyvale, CA Jul 26, 2016 $120,000
Associate Financial Engineer CTC Trading Group, LLC Chicago, IL Jan 19, 2015 $115,000
Senior Financial Engineer V3 Markets Chicago, IL Mar 20, 2015 $115,000
Financial Engineer Quantitative Risk Management Chicago, IL Jan 08, 2015 $110,000
Financial Engineer Fannie Mae Washington, DC Jun 28, 2016 $88,500 -
$151,000
Financial Engineer Fannie Mae Washington, DC Feb 11, 2016 $88,500 -
$151,000
Financial Engineer Federal National Mortgage Association Washington, DC Oct 26, 2015 $88,000 -
$151,000
Financial Engineer Sunpower Corporation Richmond, CA Aug 30, 2016 $88,000
Financial Engineer Gifford Fong Associates Lafayette, CA Aug 27, 2015 $88,000
Financial Engineer Federal National Mortgage Association Washington, DC Aug 05, 2015 $88,000 -
$151,000

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Top Skills for A Finance Engineer

FinancialModelsPortfolioRiskManagementProductsAssetClassesIncomeEquitySASSQLServerMatlabFannieMAEInterestRateMonteCarloMBSExcel/VbaC/C++BloombergAPIVARCreditRiskPFinancialEngineer

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Top Finance Engineer Skills

  1. Financial Models
  2. Portfolio Risk Management
  3. Products
You can check out examples of real life uses of top skills on resumes here:
  • Collaborated with economists who defined economic / financial models built into the working model.
  • Led VN service implementation for Portfolio Risk Management and Credit Policy teams.
  • Engineered structured products and managed asset allocation.
  • Provided ongoing analysis of new products or asset classes, and suggested program modifications as necessary.
  • Worked with banks and mutual funds on monthly valuations of various fixed income securities.

Top Finance Engineer Employers