The Finance Manager protects and plans the company's money. They lead accounting, budgeting, cash flow, compliance and financial reporting, and give leadership the numbers and analysis needed to make sound decisions.
Also known as: Accounts Manager, Finance Controller, Head of Finance
6-12 years in finance, with 2+ years leading a team
Work location
Office-based
Job Description (JD)
The responsibilities a Finance Manager owns and the duties they perform.
Responsibilities
1Own budgeting, forecasting and financial planning
2Manage cash flow, working capital and banking relationships
3Ensure accurate, timely financial statements and reports
4Maintain tax and statutory compliance
5Design and enforce internal financial controls and approval limits
6Coordinate statutory and internal audits
7Analyse costs, margins and pricing
8Lead and develop the accounts team
Duties
Daily
Monitor cash position and approve payments
Review significant transactions and exceptions
Answer finance questions from leadership and managers
Weekly
Review the cash flow forecast
Review receivables, payables and collections
Guide the accounts team on priorities
Monthly
Review month-end close and financial statements
Present management reports and budget variances
Review compliance calendar and filings
Update forecasts
Job Specification (JS)
The job information and the skills this role needs.
Job information
Qualification
CA, CMA, MBA Finance or equivalent
Experience
6-12 years in finance, with 2+ years leading a team
Work location
Office-based
Working hours
Full-time, typically 9 hours a day, 5-6 days a week
Shift
Day shift
Employment type
Full-time
Technical skills
Financial planning and analysis
Cash flow management
Tax and statutory compliance
Internal controls
ERP and accounting systems
Soft skills
Integrity
Analytical thinking
Leadership
Business partnering
Clear presentation of numbers
Tools used
ERP / accounting system
Excel or Google Sheets
Banking portals
BI dashboards
Tax portals
Career path
Accountant
Accounts Manager
Finance Manager
Financial Controller
CFO
KPI
How to measure whether a Finance Manager is succeeding.
KPI
What it measures
Review
Cash runway / cash position
Available cash against the forecast
Weekly
Budget variance
Actual spending and revenue against budget
Monthly
Days sales outstanding
Average days to collect receivables
Monthly
Close timeliness
Days taken to close the monthly books
Monthly
Audit findings
Material audit observations
Quarterly
In Piplhr, KPIs become recurring daily and weekly reports that each person submits - see Reporting & KPI tracking.
Finance Manager FAQs
What does a Finance Manager do?
The Finance Manager protects and plans the company's money. They lead accounting, budgeting, cash flow, compliance and financial reporting, and give leadership the numbers and analysis needed to make sound decisions.
What are the main responsibilities of a Finance Manager?
Key responsibilities include: own budgeting, forecasting and financial planning; manage cash flow, working capital and banking relationships; ensure accurate, timely financial statements and reports; maintain tax and statutory compliance; design and enforce internal financial controls and approval limits.
What skills does a Finance Manager need?
Technical skills: Financial planning and analysis, Cash flow management, Tax and statutory compliance, Internal controls, ERP and accounting systems. Soft skills: Integrity, Analytical thinking, Leadership, Business partnering, Clear presentation of numbers.
Who does a Finance Manager report to?
A Finance Manager typically reports to the CEO, Managing Director or CFO.
What qualifications are required to become a Finance Manager?
CA, CMA, MBA Finance or equivalent, with 6-12 years in finance, with 2+ years leading a team.
A practical method for defining roles and responsibilities in your team - what to include, how to avoid gaps and overlaps, and a template you can use for every position.
A step-by-step guide to writing job descriptions - job title, summary, responsibilities, job specification and more - plus the difference between a JD and a job specification.