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Accounting and financial management

Examples of management job titles:Accounting and financial management
  • Chief financial officer (CFO)
  • Vice-president finance
  • Financial manager
  • Accounting manager
  • Corporate controller

Typical tasks:

  • Chief financial officer (CFO):

- Guide the strategy, policies, processes and accounting and financial controls
- Guarantee the integrity of financial results
- Optimize financial resources and see to the control of risk
- Guide business relations with external associations and stakeholders: external analysts, audit firms, shareholders, investors, investment institutions, etc.
- Supervise financial systems
- Lead financing, treasury and merger and acquisitions activities
- Act as an expert for general management
- Responsible for recruiting, training and team management for accounting and financial staff
- May sit on the board of directors

  • Financial manager

- In charge of strategic financial planning (e.g. taxation, financing) and internal control
- Optimize financial resources and see to the control of risk
- Prepare budgets
- Take part in decisions related to corporate financing
- Develop financial models and analyses
- Act as an expert for general management
- Responsible for recruiting, training and team management for financial staff

  • Accounting manager

- In charge of developing and implementing accounting policies and procedures
- Identify and resolve accounting issues
- Supervise controls for accounting procedures and systems
- Manage tax returns, financial statements and period closings
- Budget for and approve major expenses
- Act as an expert for general management
- Responsible for recruiting, training and team management for accounting staff

  • Controller

- Supervise operations accounting activities
- Produce, collect and analyze management information
- Prepare verification audits and coordinate auditor activities
- Prepare financial reports
- Supervise regulatory operations reports
- Carry out budget planning
- Responsible for recruiting, training and team management for accounting staff


Education and skills

  • Several years of experience in accounting or finance and personnel management
  • Accounting firm experience is an asset
  • University degree in finance, accounting or in a related field; a Master’s degree may be required
  • Certification from a recognized professional accounting association e.g. CA, CMA or CGA may be required

Qualities
  • Excellent analytical skills and insight
  • Good human resource management skills
  • Planning and organizational skills
  • Initiative
  • Good communicator

Typical career path
  1. Controller / Accounting manager / Financial manager
  2. Vice-president finance
  3. Chief financial officer (CFO)

A professional designation (e.g. CFA, CA, CMA, CGA) facilitates moving up the ladder.


Salary

According to company sales, in millions of $, not including bonuses and stock options:

  • Chief financial officer

- Over $250: $152,500 - $257,000
- $100 to $250: $116,250 - $163,500
- $50 to $100: $94,000 - $133,250

  • Vice-president finance

- Over $250: $124,000 - $204,000
- $100 to $250: $104,000 - $149,750
- $50 to $100: $92,500 - $135,250
- Up to $50: $84,250 - $117,500

  • Controller

- Over $250: $99,000 - $148,750
- $100 to $250: $85,000 - $125,750
- $50 to $100: $71,500 - $100,000
- Up to $50: $70,000 - $90,750

  • Assistant controller

- Over $250: $82,500 - $111,750
- $100 to $250: $70,250 - $93,750
- $50 to $100: $64 000 $ - $8,750
- Up to $50: $57,000 $ - $74,000

(Source: 2006 Salary Guide / Robert Half International)


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Other advice cards:
General accounting | Financial analysis | Taxation | Auditing / certification | Financial information systems | Cost analyst |

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