Finance Manager Jobs: For Freshers, In India, Salary, Salary in India, Skills 2023

Q: What do I need to do to become a certified finance manager?

It depends on the exam and area of certification.Chartered Financial Analyst.Certified Treasury Professional.Certified Professional Accountant.

Ahana Bhaduri

Senior Content Specialist

Finance Managers are incharge of ensuring that employees work smoothly and proficiently by laying out the plans and financial activities such as raising funds, allocating the funds in a proper and profitable way. They ensure that the funds are not wasted unnecessarily.

In order to become a Finance Manager there are ceratin qualifications that should be pursued. Aspiring candidates can pursue various Finance Courses and Management Courses that are available across Certificate, Diploma, Undergraduate, Postgraduate degrees. Besides educational qualifications, candidates also needs to brush up certain skills such as communication, innovation, managerial, research, analytical skills etc. Read More: Diploma in Financial Management

Finance Managers are the ones performing data analysis, accounting, creating financial reports, and developing plans. Various top companies, such as Microsoft, Amazon, Google, Facebook, etc recruit Finance Managers to overlook their financial activities. In India, a Finance Manager on average earns INR 9,93,000 per annum. At entry-level one can earn an average of INR 5,16,000 per annum, while with experience above 10 years, one can earn INR 11,96,000 per annum. Read More: Salary of a Finance Manager

Table of Content

Who is a Finance Manager
What does a Finance Manager do
Responsibilities of a Finance Manager

3.1 Financial Health

3.2 Fund Raising

3.3 Fund Allocation

3.4 Profit Planning

3.5 Understanding Capital Market

Skills Required to Become a Finance Manager
Top Finance Manager Recruiters
Finance Manager Jobs

6.1 Salary of A Finance Manager

Finance Manager Jobs: FAQs

Who is a Finance Manager?

Finance managers analyse data and offer senior management suggestions for maximising profits. Finance Managers are incharge of financial stability of an organisation. They prepare financial reports, oversee investment activities, and plan for the organization's long-term financial objectives.

In brief, a Finance Managers are skilled and qualified professionals who deal with all the important financial functions in an organization. They must have far-sightedness in order to ensure that the funds are utilized in the most efficient and profitable way. His plans directly influenced the profitability, growth, and goodwill fortune of the firm.

What Does A Finance Manager Do?

Finance Managers perform data analysis and are accounting professionals, creating financial reports and developing plans. They must have a good head for figures, to be able to communicate with colleagues.

They advise senior managers or corporate officers on profit-maximizing ideas and determine the company's assets acquisition and allocation.
They direct investment of organization, for the long-term achievement of goals of their organization.
They help in working for the organization effectively and efficiently.

Finance Manager Duties

The main responsibility of a Finance Manager is to provide insights into the financial health of the organization. They are the ones who ensure the smooth working of business by providing financial plans, raising funds, utilizing them. Here are details of some of the responsibilities.

Financial Health

Finance Managers are responsible for the money management, decision, and health of an organization.
Ensuring the business that it meets all its statutory and compliance obligations, as they produce financial reports, cash-flow statements and profit projections, comply with various laws and regulations, develop strategies and plans for the long-term working.

Fund Raising

In order to function properly and fulfill their needs, firms need cash and liquidity is required.
Finance Managers maintain the right balance between equity and debt.

Fund Allocation

After the funds are raised, they must also plan the ways to allocate them is to allocate the funds.
Size and growth capability of the firm.
Status of asset either long term or short term.
The mode by which the funds are raised.

Profit Planning

Profit arises due to many factors, and profit planning is a crucial step in order to sustain in the market.
Factors such as pricing, Industry competition, state of the economy, demand and supply mechanism, cost and output, etc plays an important part in order to generate profit which must be planned carefully.

Understanding Capital Market

Finance Manager must understand and calculates the possible risk involved in trading of shares and debentures in the market.
In order to do so, they must have a thorough understanding of capital market and it's impact on the growth and functioning of the market.

Skills Required to Become a Finance Manager

A successful finance manager uses a collective approach for solving a problem. They seek feedback or results and offer good information and analysis at critical levels to help their team in making more sound strategic decisions.

This inclusive approach builds trust within the team and hence results in more innovative and creative solutions. Some of the key skills that are essential to become a Finance Manager are tabulated below for your reference,

Understand and Evaluate Cash Flow Scenarios	Analyse Financial Data	Forecast Future Earnings and Expenses
Able to Research Explicitly acrossd various Financial Markets	Oversee Vendor and Government Contracts	Secure Financial Management Systems
Implement Contract Complaince Policy	Apply Advanced Mathematics	Understand and Apply Contract Provisions

Top Finance Manager Recruiters in India

Companies such as Goldman Sachs, Morgan Stanley, Merrill Lynch, JP Morgan, Boston Consulting Group, Barclays, etc are also keen to hire financial or money management professionals. Also, an MBA in Finance associated with Chartered Accountancy (CA) degree can enable individuals to start and run their own business.

An advanced degree in Financial Management is one of the most sought-after career paths. Some are as follows:

Microsoft	American express
Amazon	Google
Delta Airlines	SalesForce
Facebook	Boston Consulting Group
Cisco Systems	Boston Scientific

Finance Manager Jobs

Financial or money management is an area with multi-disciplinary orientation as finance is the lifeblood of an organization. Whether an organization is small, medium, or large MNCs, finance will remain the backbone of a business entity. Tabulated below is a list of some jobs Profiles along with their descriptions and salaries.

Job Profiles	Description	Average Annual Salary
Financial Advisor	They work primarily for financial institutions like banks, mutual fund companies, and insurance companies. They help clients in assessing their financial needs and to help them achieve financial goals, by choosing investments strategies.	INR 3.89 L
Finance Manager	They are responsible for developing and monitoring departmental budgets. They are the one making relevant financial forecasts for their company and also work with other managers and their staff to establish their company’s future budgets and ensure that the projects are completed before the deadline.	INR 9.93 L
Financial Analyst	They carefully studies market trends, demographics and microeconomic factors in order to help the company make smart investments by providing relevant financial advises and information. They must also know in details the financial investments the company has made.	INR 4.15 L
Budget Analyst	Tthey are responsible for providing assistance and analysis in the budget-development process. They analyse the organization's past performance in terms of funds allocation to make sure the present and future budgets to be used effectively.	INR 6.50 L
Financial Services Representative	They provide financial advice and match financial products with the customers' needs and goals, developing long-term rapport with customers and foster profitable relationships. They also monitor market trends, identify and pursue potential customer leads, and meet sales goals.	INR 2.04 L
Investment Bankers	They assist companies, organizations, governments and their agencies to raise public or private money through debt and/or equity. They aslo construct fully integrated, detailed financial models to support Merger and Acquisitions (M&A) transactions and Financial Planning and Analysis (FP&A) communications and perform valuation analyses by using various methodologies such as trading and transaction comparisons, discounted cash flow and leveraged buyout.	INR 9.05 L

Salary of A Finance Manager

Salary of a Finance Manager depends upon various factors like as per their experiences or the level of seniority. A finance manager earns an average of INR 9,93,000 per annum as per the records of Payscale.

While an entry-level/ fresher with less than 01 year of experience earns an average of INR 5,16,000 per annum, one who have more than 10 years of experience earns INR 11,96,000 per annum. Here is a table of salaries depending on experience wise.

Experience Wise	Average Annual Salary
Less than 1 yr	INR 5.16 L
1 - 4	INR 7.31 L
5 - 9	INR 10.67 L
10 - 19	INR 11.96 L
20 years and above	INR 12.04 L

Finance Manager Jobs: FAQs

Ques. What different kinds of jobs can finance managers do?

Ans. There are many different professional titles for finance managers. Here are some examples:

Cash manager
Controllers
Credit managers
Risk managers.

Ques. What do I need to do to become a certified finance manager?

Ans. It depends on the exam and area of certification.

Chartered Financial Analyst.
Certified Treasury Professional.
Certified Professional Accountant.

Ques. What skills should a finance manager have?

Ans. A finance manager should have strong analytical, communication, math and organizational skills to help make financial decisions for their business.

Ques. What are the 3 basic functions of a finance manager?

Ans. The three basic functions of a finance manager are listed below;

Investment
Financial
Dividend decisions.

Ques. Is Finance Manager a hard job?

Ans. Every job in not easy, here if the company fails to meet the established profits and growth, it may be due to the failure of the plans of the Finance Manager. They are the first one to look up for and be blamed.

Ques. How long does it take to become a Finance Manager?

Ans. It often takes about 10-12 years to become a Finance Manager

Ques. What is the most important responsibility of Finance Manager?

Ans. Data analysis and advice senior managers on ideas to maximize profits. They often work with teams, and acts as business advisors to top executives.

Ques. What are the three main tasks of a Finance Manager?

Ans. Finance Managers must have knowledge of the topics, tax laws, and regulations .

Ques. What is the starting salary of a Finance Manager?

Ans. Entry-level positions start at INR 5,16,000 per year, while most experienced workers make up to INR 12,04,000 per year.

Ques. What are the types of Finance Managers?

Ans. Types of Finance Managers include controllers, treasurers, credit managers, cash managers, risk managers and insurance managers.