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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.
|Job Title||Company||Location||Start Date||Salary|
|Financing Specialist/Reporting Manager||SG Americas Securities, LLC||New York, NY||Sep 23, 2013||$165,000|
|Analytics and Reporting Manager||Bank of The West||San Ramon, CA||Feb 27, 2016||$158,133|
|Regulatory Reporting Manager II||Santander Bank, N.A.||Boston, MA||Oct 27, 2014||$150,000 -
|Manager, Risk Reporting||American International Group, Inc.||New York, NY||Oct 30, 2013||$150,000|
|Manager, Risk Reporting||American International Group, Inc.||New York, NY||Mar 19, 2015||$150,000|
|Group Financial Reporting Manager||Dynacast, LLC||Charlotte, NC||Oct 28, 2015||$140,254|
|Basel Reporting Manager||MUFG Union Bank, N.A.||San Francisco, CA||May 13, 2016||$138,550 -
|Basel Reporting Manager||MUFG Union Bank, N.A.||San Francisco, CA||Jun 01, 2015||$135,000 -
|Finance Reporting Manager||EBAY Inc.||San Jose, CA||Dec 03, 2012||$128,000|
|Financial Reporting Manager||Phoenix Technologies Ltd.||Milpitas, CA||Jul 07, 2011||$128,000|
|SEC Reporting Manager||Portola Pharmaceuticals, Inc.||South San Francisco, CA||Sep 22, 2014||$127,500|
|Manager-Sec/External Reporting||National General Management Corp||New York, NY||Oct 08, 2016||$127,000|
|Financial Reporting Manager, PQL||PQ New York, Inc.||New York, NY||Aug 18, 2016||$110,000|
|External Reporting Manager||Harmonic, Inc.||San Jose, CA||May 25, 2016||$110,000|
|Hcis & Reporting Manager||Agropur Inc.||Appleton, WI||May 30, 2016||$110,000|
|SEC Reporting Manager||Rambus Inc.||Sunnyvale, CA||Sep 17, 2013||$110,000 -
|Manager, IHC Reporting Data Governance||TD Securities (USA) LLC||New York, NY||Dec 29, 2014||$110,000|
|Oracle Reports Manager||The Henry M. Jackson Foundation||Rockville, MD||Apr 12, 2011||$110,000|
|Financial Reporting Manager, PQL||PQ New York, Inc.||New York, NY||Aug 15, 2016||$110,000|
|Financial Reporting Manager||Brookfield Asset Management LLC||New York, NY||Feb 18, 2013||$99,500|
|Financial Reporting Manager||Brookfield Properties Holdings, Inc.||New York, NY||Aug 01, 2012||$99,500|
|Financial Reporting Manager||Hudson Advisors LLC||Dallas, TX||Sep 01, 2012||$98,000 -
|Manager Enterprise Reporting||Lincoln National Corporation||Hartford, CT||Jan 30, 2013||$96,594|
|Financial Reporting Manager||Ing North America Insurance Corporation||Atlanta, GA||Oct 01, 2011||$95,000|
|Financial Reporting Manager||Mavenir Systems Inc.||Richardson, TX||Nov 26, 2012||$95,000|
|Financial Reporting Manager||Mavenir Systems Inc.||Richardson, TX||Nov 15, 2011||$95,000|
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