Finance manager

financial controller head of finance assistant finance manager finance director
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Financial services
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Career outlook for finance manager

Average UK salary

£79,040

Currently employed in Scotland

22,500

"LMI for All" supplies our salary and employment status information. "Oxford Economics" supplies job forecasts and employment figures. Due to COVID-19 the jobs market is constantly changing. Some of the information may not reflect the current situation.

What's it like?

As a finance manager, you would plan and oversee the financial information for your company or organisation. You would be responsible for maintaining the integrity of financial accounts and reporting suspected breaches of conduct. 

In this role, you would work directly with others. You could be working with people within your company or other businesses. You would advise customers or colleagues on your company's financial policies.  

Through your duties, you will manage all financial information for your organisation. You will: 

  • report to the Chief Financial Officer 
  • ensure financial regulatory standards are met 
  • monitor processes and procedures for accounting and financial reporting 
  • lead the finance team 
  • prepare financial information for review – for your company or other organisations that oversee financial regulations. 
  • work with Government bodies such as HMRC 
  • be responsible for tax information 
  • oversee management accounting and budgetary processes   

You'll need to have good attention to detail. You’ll keep up to date on market information and financial regulation. 

Working conditions

Hours

This role will likely require you to work 35 to 40 hours a week.

Environment

This role is office-based.

Travel

In this role, you may occasionally need to travel to other locations.

UK employment status

Full-time

61%

Part-time

21%

Self employed

18%

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Here are some of the skills needed for this job. Sign in to see how your skills match up.

  • Verbal communication
  • Working with technology
  • Written communication
  • Problem solving
  • Working with numbers
  • Attention to detail
  • Taking initiative
  • Ethical
  • Taking responsibility
  • Analysing

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Getting in

Entry requirements for courses can change. Always contact the college, university or training provider to check exactly what you'll need.

Qualifications

While there are no formal qualification requirements, a degree in a relevant subject, such as Accountancy or Business Management, will be valuable.  

You could complete an apprenticeship to gain a qualification and work experience. Relevant apprenticeships are: 

  • MA Providing Financial Services  
  • MA Accountancy  
  • MA Insurance  
  • MA Payroll  
  • MA Prof Services  
  • GA Accounting  
  • GA Business Management  
  • GA Business Management: Financial Services 

You could also gain an Associated Chartered Accountant (ACA) qualification. You could also gain a qualification through the Association of Chartered Accountants (ACCA) or the Association of Accounting Technicians (AAT). Any of these qualifications will help you to stand out. 

Useful subjects

  • Accounting
  • Business
  • Business in Practice
  • Business Management
  • Economics
  • English
  • Mathematics
  • Skills For Work: Financial Services
  • Statistics
  • FA Business Skills
  • FA Financial Services
  • FA Accountancy
  • Applications of Mathematics
  • Lifeskills Mathematics

Helpful to have

Having relevant work experience can help you a lot in this role. You're likely to use spreadsheets, so experience working with Excel will be a valuable asset to employers. 

You will need to have good attention to detail and analysis skills. The best thing you can do is have confidence in yourself and your skills.