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What does a manager, finance analysis do?

Updated January 8, 2025
8 min read
Quoted expert
Nate Peach Ph.D.

A financial analysis manager, mainly responsible for managing all financial-related activities for their organization, collects data related to financial performance and consolidates it into company reports. Typically, they manage the preparation and calculation of monthly, quarterly, and annual budgets. They interpret raw financial data with the help of the financial analyst leading the organization to reach financial decisions. They also analyze company allocated budgets for inconsistencies and accounting discrepancies. They also create financial models to accurately analyze possible business changes.

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Manager, finance analysis responsibilities

Here are examples of responsibilities from real manager, finance analysis resumes:

  • Manage all treasury and cash management functions and report directly to the CFO.
  • Propose and manage the re-engineering of the ERP system to provide the necessary level of detail for global reporting.
  • Manage WLD department roll-up structure utilizing Hyperion.
  • Manage monthly closing process, including reconciliations and analysis of relate accounts.
  • Manage multiple subsidiary budgets, operation forecasting and ROI analysis on capital expenditure projects in the pipeline division.
  • Prepare payroll and manage all human resource functions including recruitment, training and performance reviews for all administrative and financial personnel.
  • Design a monthly reporting package that analyze GAAP financial results against both forecast and plan results at a segment level.
  • Record associated payouts and LOE through entries according to GAAP.
  • Key contributor in the design and testing of management reporting system in Hyperion.
  • Provide effective campaign prioritization analysis for higher ROI yields.
  • Perform necessary journal entries and bank reconciliations for several operating accounts.
  • Identify several ongoing reporting mistakes and leverage accounting experience to determine and implement solutions to align with the standard accounting policy.
  • Direct monthly financial reporting, budget analysis, monthly accruals, payroll and monthly accounting close.
  • Review, update and maintain monthly accruals for accuracy and integrity.
  • Utilize extensive QuickBooks skills and adhere to state and federal accounting requirements while performing financial reporting and corporate tax administration.

Manager, finance analysis skills and personality traits

We calculated that 19% of Managers, Finance Analysis are proficient in Financial Analysis, Hyperion, and Portfolio. They’re also known for soft skills such as Organizational skills, Analytical skills, and Communication skills.

We break down the percentage of Managers, Finance Analysis that have these skills listed on their resume here:

  • Financial Analysis, 19%

    Focus on business expansion efforts by providing dedicated financial analysis and modeling support for the Business Development and Product Planning groups.

  • Hyperion, 5%

    Selected and implemented financial consolidation tool (Hyperion software) utilized on over 40 reporting units.

  • Portfolio, 4%

    Managed senior financial analysts responsible for evaluating the financial risks of a portfolio of large property and casualty insurance programs.

  • Financial Models, 4%

    Prepared financial models and key presentations for senior management, delivering business intelligence and strategies while analyzing full-scope risks and opportunities.

  • Financial Data, 3%

    Managed data consolidation team for formatting raw financial data from dissimilar legacy systems to improve Financial Analysts' efficiency.

  • Product Line, 3%

    Coordinated highly complex modeling of product line profitability forecasting, product pricing, overhead cost analysis, and departmental budgeting.

Most managers, finance analysis use their skills in "financial analysis," "hyperion," and "portfolio" to do their jobs. You can find more detail on essential manager, finance analysis responsibilities here:

Organizational skills. One of the key soft skills for a manager, finance analysis to have is organizational skills. You can see how this relates to what managers, finance analysis do because "because financial managers deal with a range of information and documents, they must have structures in place to be effective in their work." Additionally, a manager, finance analysis resume shows how managers, finance analysis use organizational skills: "coordinated the development of financial analysis to properly satisfy both operational and organizational needs for new product development. "

Analytical skills. Another essential skill to perform manager, finance analysis duties is analytical skills. Managers, finance analysis responsibilities require that "to assist executives in making decisions, financial managers need to evaluate data and information that affects their organization." Managers, finance analysis also use analytical skills in their role according to a real resume snippet: "improved budgeting and forecasting by leveraging data from erp system. "

Communication skills. This is an important skill for managers, finance analysis to perform their duties. For an example of how manager, finance analysis responsibilities depend on this skill, consider that "financial managers must be able to explain and justify complex financial transactions." This excerpt from a resume also shows how vital it is to everyday roles and responsibilities of a manager, finance analysis: "manage and mentor team of seven financial analysts to review, audit and reconcile over $100mm of annual telecommunications expense. ".

Detail oriented. A big part of what managers, finance analysis do relies on "detail oriented." You can see how essential it is to manager, finance analysis responsibilities because "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." Here's an example of how this skill is used from a resume that represents typical manager, finance analysis tasks: "proposed and managed the re-engineering of the erp system to provide the necessary level of detail for global reporting. "

Math skills. Another crucial skill for a manager, finance analysis to carry out their responsibilities is "math skills." A big part of what managers, finance analysis relies on this skill, since "financial managers need strong skills in certain branches of mathematics, including algebra." How this skill relates to manager, finance analysis duties can be seen in an example from a manager, finance analysis resume snippet: "analyzed monthly financial results, trends, industry statistics and key business drivers. "

Most common manager, finance analysis skills

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Compare different managers, finance analysis

Manager, finance analysis vs. Banking center manager

A banking center manager is responsible for monitoring bank operations, auditing financial transactions, and ensuring that the banking staff provides the highest customer service for their clients. Banking center managers assist the team members in responding to the customers' inquiries and concerns regarding the financial options they offer, opening accounts, selling financial instruments, and resolving transactional complaints. A banking center manager must have excellent communication and analytical skills, especially in developing banking solutions that would increase the bank's reliability to the customers.

If we compare the average manager, finance analysis annual salary with that of a banking center manager, we find that banking center managers typically earn a $16,475 higher salary than managers, finance analysis make annually.Even though managers, finance analysis and banking center managers are distinct careers, a few of the skills required for both jobs are similar. For example, both careers require direct reports, hr, and real estate in the day-to-day roles and responsibilities.

These skill sets are where the common ground ends though. The responsibilities of a manager, finance analysis are more likely to require skills like "financial analysis," "hyperion," "financial planning analysis," and "portfolio." On the other hand, a job as a banking center manager requires skills like "bank products," "bank policies," "customer relationships," and "regulatory compliance." As you can see, what employees do in each career varies considerably.

Banking center managers tend to reach lower levels of education than managers, finance analysis. In fact, banking center managers are 16.7% less likely to graduate with a Master's Degree and 0.1% more likely to have a Doctoral Degree.

Manager, finance analysis vs. Cash manager

A cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks. They also help senior management in identifying business opportunities that would generate more revenue resources and increase profits for the business. A cash manager handles billing disputes, resolves account discrepancies, and submits accurate financial reports.

On average, cash managers earn a $18,747 lower salary than managers, finance analysis a year.A few skills overlap for managers, finance analysis and cash managers. Resumes from both professions show that the duties of each career rely on skills like "financial analysis," "financial statements," and "variance analysis. "

Each career also uses different skills, according to real manager, finance analysis resumes. While manager, finance analysis responsibilities can utilize skills like "hyperion," "financial planning analysis," "portfolio," and "financial models," cash managers use skills like "customer service," "ach," "petty cash," and "bank deposits."

On average, cash managers earn a lower salary than managers, finance analysis. Some industries support higher salaries in each profession. Interestingly enough, cash managers earn the most pay in the manufacturing industry with an average salary of $101,436. Whereas managers, finance analysis have higher pay in the finance industry, with an average salary of $121,369.Average education levels between the two professions vary. Cash managers tend to reach lower levels of education than managers, finance analysis. In fact, they're 13.8% less likely to graduate with a Master's Degree and 0.1% more likely to earn a Doctoral Degree.

What technology do you think will become more important and prevalent for Manager, Finance Analyses in the next 3-5 years?

Nate Peach Ph.D.

Associate Professor of Economics, George Fox University

I'm not sure about one specific technology, but I think some general skills will become more valuable. Specifically, being familiar with necessary coding, analyzing data, and making sense of economy broad trends will continue to be highly prized in the labor market. Economists are well-suited to help organizations attempting to get up to speed on their use of data.

Manager, finance analysis vs. Bank manager

A bank manager is responsible for supervising banking operations and monitoring staff performance in providing the best customer service for clients with their banking needs and financial transactions. Bank managers assist the staff with the complexities of processes, train new hires, and strategize the development of services that would contribute to the bank's success. They also conduct fund audits and create accounts receivable reports at the end of the day. A bank manager responds to clients' inquiries and concerns, resolve complaints, and manage account disputes.

An average bank manager eans a lower salary compared to the average salary of managers, finance analysis. The difference in salaries amounts to bank managers earning a $15,200 lower average salary than managers, finance analysis.managers, finance analysis and bank managers both have job responsibilities that require similar skill sets. These similarities include skills such as "financial analysis," "financial statements," and "internal controls," but they differ when it comes to other required skills.

There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a manager, finance analysis is likely to be skilled in "hyperion," "financial planning analysis," "portfolio," and "financial models," while a typical bank manager is skilled in "bank products," "financial services," "secrecy," and "bank secrecy act."

Bank managers earn the highest salary when working in the finance industry, where they receive an average salary of $83,497. Comparatively, managers, finance analysis have the highest earning potential in the finance industry, with an average salary of $121,369.When it comes to education, bank managers tend to earn lower degree levels compared to managers, finance analysis. In fact, they're 12.4% less likely to earn a Master's Degree, and 0.0% less likely to graduate with a Doctoral Degree.

Manager, finance analysis vs. Tax manager

A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.

Tax managers typically earn lower pay than managers, finance analysis. On average, tax managers earn a $16,010 lower salary per year.According to resumes from managers, finance analysis and tax managers, some of the skills necessary to complete the responsibilities of each role are similar. These skills include "hyperion," "financial planning analysis," and "financial statements. "Each job also requires different skills to carry out their responsibilities. A manager, finance analysis uses "financial analysis," "portfolio," "financial models," and "financial data." Tax managers are more likely to have duties that require skills in "cpa," "client relationships," "tax planning," and "tax compliance. "The finance industry tends to pay the highest salaries for tax managers, with average annual pay of $96,231. Comparatively, the highest manager, finance analysis annual salary comes from the finance industry.The average resume of tax managers showed that they earn similar levels of education compared to managers, finance analysis. So much so that theyacirc;euro;trade;re 2.7% less likely to earn a Master's Degree and more likely to earn a Doctoral Degree by 2.9%.

Types of manager, finance analysis

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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