Explore occupational profile

Version:
OaSIS 2025 Version 1.0
Search the OaSIS

10010.00 – Financial managers

Financial managers plan, organize, direct, control and evaluate the operation of financial and accounting departments. They develop and implement the financial policies and systems of establishments. Financial managers establish performance standards and prepare various financial reports for senior management.

Overview

Example job titles

  • Controller - financial services
  • Director - financial services
  • Director of accounting
  • Finance director
  • Financial administrator
  • Financial control manager
  • Financial planning and analysis manager
  • Internal audit services manager
  • Treasurer

Core competencies

  • Management of Financial Resources and Knowledge in Finance to plan, organize, direct and control the operations of accounting, audit and other financial departments
  • Evaluation and Systems Analysis to assess financial performance, identify inefficiencies and optimize organizational systems for improved financial outcomes and strategic decision-making
  • Mathematical Reasoning and Numerical Ability to analyze financial data, interpret complex numerical information and make accurate decisions based on forecasting and investment strategies
  • Written Comprehension to understand financial reports, regulations and detailed documents in order to make informed decisions and ensure compliance with legal and financial standards
  • Verbal Ability and Speech Clarity to prepare presentations on financial statements, cost-benefit analyses and financial management reports and to communicate with staff
  • Leadership to motivate and inspire team members, delegate tasks effectively and foster a positive work environment

Main duties

This group performs some or all of the following duties:

  • Plan, organize, direct, control and evaluate the operation of an accounting, audit or other financial department
  • Develop and implement the financial policies, systems and procedures of an establishment
  • Prepare or coordinate the preparation of financial statements, summaries, and other cost-benefit analyses and financial management reports
  • Coordinate the financial planning and budget process, and analyze and correct estimates
  • Supervise the development and implementation of financial simulation models
  • Evaluate financial reporting systems, accounting procedures and investment activities and make recommendations for changes to procedures, operating systems, budgets and other financial control functions to senior managers and other department or regional managers
  • Recruit, organize, train and manage staff
  • Act as liaison between the organization and its shareholders, the investing public and external financial analysts
  • Establish profitability standards for investment activities and handle mergers and/or acquisitions
  • Notify and report to senior management concerning any trends that are critical to the organization's financial performance.

Additional information

  • Progression to senior management positions, such as vice-president of finance, is possible with experience.

Similar occupations classified elsewhere

Exclusions:

O*NET in-it

This page includes information from the O*NET 27.2 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. Employment and Social Development Canada has modified all or some of this information. USDOL/ETA has not approved, endorsed, or tested these modifications.