Piplhr
Finance & AdministrationJD · JS · KPIs

Finance Manager Roles and Responsibilities

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

Build this role in Piplhr
Reports to
CEO, Managing Director or CFO
Department
Finance & Administration
Experience
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

  1. 1Own budgeting, forecasting and financial planning
  2. 2Manage cash flow, working capital and banking relationships
  3. 3Ensure accurate, timely financial statements and reports
  4. 4Maintain tax and statutory compliance
  5. 5Design and enforce internal financial controls and approval limits
  6. 6Coordinate statutory and internal audits
  7. 7Analyse costs, margins and pricing
  8. 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

  1. Accountant
  2. Accounts Manager
  3. Finance Manager
  4. Financial Controller
  5. CFO

KPI

How to measure whether a Finance Manager is succeeding.

KPIWhat it measuresReview
Cash runway / cash positionAvailable cash against the forecastWeekly
Budget varianceActual spending and revenue against budgetMonthly
Days sales outstandingAverage days to collect receivablesMonthly
Close timelinessDays taken to close the monthly booksMonthly
Audit findingsMaterial audit observationsQuarterly

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.

Guides for defining roles

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