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What is a finance management specialist and how to become one
A finance management specialist conducts various functions around the organization they work for. From analyzing financial data to identify company's financial status, conducting cost and benchmarking analyses, to preparing budget reports.
Some of the functions that they perform around the office are developing financial models, taking legal limitations into consideration, participating in regular audits and recommending corrective financial action plans, designing and reviewing fiscal policies, identifying investment opportunities, and creating forecast models based on current and past financial results. Qualifications include a bachelor's degree in accounting, finance, or related field along with additional qualifications such as CPA or CFA certification. Proven work experience in a related field is also required. Essential skills include analytical, statistics, communication, and attention to detail.
The average hourly salary for the position is $33.78, which amounts to $70,267 annually. The career is expected to grow substantially in the coming years, resulting in new job opportunities emerging all across the United States.
Avg. Salary $70,219
Avg. Salary $59,228
Growth rate 17%
Growth rate 0.3%
American Indian and Alaska Native 0.34%
Asian 10.07%
Black or African American 7.50%
Hispanic or Latino 14.35%
Unknown 4.10%
White 63.64%
Genderfemale 47.89%
male 52.11%
Age - 46American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 46Stress level is very high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is fair
6.4 - fair
Finance management specialist career paths
Key steps to become a finance management specialist
Explore finance management specialist education requirements
Start to develop specific finance management specialist skills
Skills Percentages Financial Resources 9.67% Financial Reports 6.68% Financial Data 6.32% Budget Formulation 5.82% Budget Execution 4.64% Complete relevant finance management specialist training and internships
Accountants spend an average of 1-3 months on post-employment, on-the-job training. New finance management specialists learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a finance management specialist based on U.S. Bureau of Labor Statistics data and data from real finance management specialist resumes.Research finance management specialist duties and responsibilities
- Specialize in data collection logistics and documentation on specific vehicles and manage inventory using CRM applications.
- Project team member on ERP implementations for several clients.
- Execute and, validate all credit card purchases in ERP and with DFAS.
- Process incoming checks from employees & other outside sources for deposit to the U.S. Treasury.
Apply for finance management specialist jobs
Now it's time to start searching for a finance management specialist job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
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Average finance management specialist salary
The average finance management specialist salary in the United States is $70,219 per year or $34 per hour. Finance management specialist salaries range between $48,000 and $101,000 per year.
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Updated January 8, 2025
