Financial Analysis Manager Salary

Financial analysis managers are responsible for managing financial analysis activities for their organization, collecting information related to financial performance and consolidating it into complex company reports. They are in charge of actively contribute to organizational financial decisions based on their expertise and manage a group of financial analysts to reach all company goals in a timely manner. Financial analysis managers interpret raw financial data to recommend changes to business processes, participate in business meetings to present their progress to the financial analysis director, or supervisor in their department, and use a personal computer with specialized software to make calculations and run analysis. They also build financial models to analyze possible business changes.

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Additionally, financial analysis managers gather information about business costs, expenses, activities, and vendors to reduce overhead and increase profitability. Financial analysis managers share company information with other internal departments and act as a liaison between risk management, financial, and taxes professionals within the organization. One of the manager's main responsibilities includes analyzing company budgets for inconsistencies and accounting discrepancies.

A bachelor's degree in finance, economics, or a related field is necessary for this position. In addition, previous relevant experience - including in a managerial capacity - is required for this job. Industry and leadership certifications may be preferred. Financial analysis managers must possess excellent interpersonal skills to interact with financial experts, as well as be able present complex information to non-financial professionals in an understandable manner. They need to be proficient with word processing, spreadsheet, and database software to complete their analysis duties; they should also be able to use proprietary programs to perform financial analysis.

Financial Analysis Manager Tasks

  • Create and present financial plans and overviews.
  • Direct forecasting and goal-setting efforts for financial plans.
  • Review forecasts from other departments and create bridge plans.
  • Oversee and contribute to monthly, quarterly and annual budget preparation and evaluation.

Accountants can't make money, but these guys do

2011-01-14 15:31:46 by -

About a year ago, I had a post about “excessive pay” for the unionized stagehands at Carnegie Hall, some of whom made more during the 2007-2008 season by pushing the 9-foot Steinway Model D concert grand piano out onto the stage for a concert than the artist makes for playing the piano. Financial data about many nonprofit organizations, including salary data for the “highest paid employees and their compensation,” are available at the website GuideStar. Here’s the link to The Carnegie Hall Corporation listing at GuideStar.
For the fiscal year ending June 30, 2009, the top five highest paid Carnegie employees were all stagehands making an average of $359,000 in base compensation (see chart above)

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