A Finance Manager is essential for providing financial guidance and support to clients and colleagues, enabling informed financial decisions. Key responsibilities can include:
Overseeing accounting operations to ensure compliance with government regulations.
Evaluating financial information for the organisation.
Managing incoming cash flow, investment portfolios, insurance policies, and credit card accounts.
This role demands considerable proficiency and experience, adherence to financial regulations, and policies. With the right skill set, finance manager jobs can be highly rewarding and fulfilling. If you believe you possess the necessary skills or relevant experience, get in touch with us today.
The Role of Finance Manager and Responsibilities
The specifics of a Finance Manager's role vary depending on the size of the organisation. Generally, Finance Managers are vital members of the management team, ensuring the financial well-being of a business.
In larger companies, the role often involves strategic analysis, while in smaller companies, it may include collecting and preparing company accounts. Key skills sought by employers include:
Attention to detail, problem-solving, and implementing changes for company growth.
Strong understanding of finance and expertise in international trading, treasury, foreign exchange management, and letters of credit.
Expert knowledge of financial systems and procedures and the ability to use complex mathematical models and perform financial analysis.
Financial leadership with strong communication and analytical skills.
Budgetary planning for both short-term and long-term financial goals.
Difference Between a Finance Manager and a Financial Controller
Finance Managers and Financial Controllers have similar functions, but there are distinct differences:
Financial Controllers: Focus on maintaining accurate books of accounts and records, ensuring all financial transactions are correctly recorded. They often operate in a management capacity in larger firms, ensuring the books are balanced by the team.
Finance Managers: Ensure the financial well-being of a business, making thorough financial decisions, and managing teams through these processes. In smaller firms, they may handle accounts preparation, while in larger firms, they often engage in strategic analysis.
If you prefer working with numbers and maintaining accurate records, a career as a Financial Controller might be suitable for you. Visit our Financial Controllers page to learn more.
Areas Covered
At Paul Card Recruitment, we offer Finance Manager recruitment services across various locations within the North East, including:
Middlesbrough
Stockton-on-Tees
Hartlepool
Newcastle
Qualifications Needed to Be a Finance Manager
While some senior finance roles do not specify formal accounting qualifications, most large organisations require a chartered accounting qualification such as CIMA, ACCA, or ACA (or equivalent).
SMEs and owner-managed organisations may accept candidates 'qualified by experience' if they demonstrate capability in a senior finance role. Despite variations in expectations, having a professional qualification is highly recommended to demonstrate expertise in the field.
Finance Manager Salary
Finance Manager roles in the North East offer varying salaries depending on the size of the organisation and role requirements. Typically, a finance manager can expect to earn between £50,000 - £55,000 per annum.
Finance Manager Job Vacancies
At Paul Card Recruitment, we specialise in connecting accounting and finance professionals with top companies in the North East. Our website features a range of job vacancies, including finance manager roles.
We understand the importance of filling this position with the right talent and offer invaluable assistance to employers and candidates. Browse our current listings or upload your CV today to start your journey towards a successful career.
For more information and to explore job opportunities, visit Paul Card Recruitment.
