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Finance project manager hiring summary. Here are some key points about hiring finance project managers in the United States:
Here's a step-by-step finance project manager hiring guide:
A finance project manager handles the financial analysis of a project management process, including budgeting from the clients' requirements until the forecasting on project revenues. Finance project managers analyze financial statements and account transactions of a company, identifying business opportunities to generate more resources to increase revenue and profits. They create financial reports, recommending cost-reduction techniques to minimize loss while increasing the efficiency of the staff performance, strategizing procedures to maximize productivity, especially on meeting deadlines with high-quality deliverables.
Before you post your finance project manager job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a finance project manager for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them a finance project manager to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a finance project manager that fits the bill.
This list presents finance project manager salaries for various positions.
| Type of Finance Project Manager | Description | Hourly rate |
|---|---|---|
| Finance Project Manager | 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. | $35-72 |
| Manager Finance Planning And Analysis | A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly... Show more | $36-71 |
| Manager/Finance Accounting | A manager of finance accounting's role is to oversee the financial activities in a company or organization. Their responsibilities revolve around coordinating with other departments to gather financial data, analyze the revenues and expenditures, and develop written reports and presentations... Show more | $31-61 |
Including a salary range in your finance project manager job description helps attract top candidates to the position. A finance project manager salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a finance project manager in Colorado may be lower than in California, and an entry-level finance project manager usually earns less than a senior-level finance project manager. Additionally, a finance project manager with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $140,095 | $67 |
| 2 | New York | $118,450 | $57 |
| 3 | New Jersey | $110,774 | $53 |
| 4 | Alaska | $106,763 | $51 |
| 5 | Massachusetts | $106,760 | $51 |
| 6 | Texas | $106,487 | $51 |
| 7 | Washington | $106,299 | $51 |
| 8 | Connecticut | $101,468 | $49 |
| 9 | Arizona | $99,952 | $48 |
| 10 | Delaware | $97,948 | $47 |
| 11 | Pennsylvania | $97,130 | $47 |
| 12 | Virginia | $93,077 | $45 |
| 13 | Wisconsin | $90,222 | $43 |
| 14 | Ohio | $90,216 | $43 |
| 15 | Maryland | $87,731 | $42 |
| 16 | Indiana | $87,583 | $42 |
| 17 | Illinois | $87,327 | $42 |
| 18 | Georgia | $85,351 | $41 |
| 19 | Minnesota | $84,691 | $41 |
| 20 | District of Columbia | $84,461 | $41 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $161,563 | $77.67 | 447 |
| 2 | $150,522 | $72.37 | 342 | |
| 3 | Apple | $146,291 | $70.33 | 43 |
| 4 | PayPal | $138,963 | $66.81 | 16 |
| 5 | Crown Castle International | $134,925 | $64.87 | 6 |
| 6 | American Tower | $131,248 | $63.10 | |
| 7 | $126,924 | $61.02 | 6 | |
| 8 | Enphase Energy | $126,213 | $60.68 | |
| 9 | Starbucks | $124,515 | $59.86 | 5 |
| 10 | JCPenney | $123,554 | $59.40 | 4 |
| 11 | Morgan Stanley | $121,836 | $58.58 | 77 |
| 12 | City National Bank | $121,090 | $58.22 | 52 |
| 13 | Bank of the West | $120,482 | $57.92 | |
| 14 | Barclays | $120,440 | $57.90 | 4 |
| 15 | HP | $119,662 | $57.53 | 5 |
| 16 | Justworks | $115,125 | $55.35 | 3 |
| 17 | Washington Metropolitan Area Transit Authority | $114,525 | $55.06 | |
| 18 | General Electric | $113,857 | $54.74 | 302 |
| 19 | Agilent Technologies | $113,530 | $54.58 | 3 |
| 20 | Groupon | $111,536 | $53.62 |
A job description for a finance project manager role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a finance project manager job description:
To find finance project managers for your business, try out a few different recruiting strategies:
To successfully recruit finance project managers, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the finance project manager position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
Once that's done, you can draft an onboarding schedule for the new finance project manager. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Before you start to hire finance project managers, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire finance project managers pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Finance project managers earn a median yearly salary is $105,050 a year in the US. However, if you're looking to find finance project managers for hire on a contract or per-project basis, hourly rates typically range between $35 and $72.