WHAT IS AN commercial finance manager jobs
An commercial finance manager is a professional who oversees the financial activities of a commercial organization. They are responsible for managing the financial operations, analyzing financial data, and providing strategic financial guidance to help drive the success of the business. This role combines financial expertise with business acumen to ensure that the company's financial goals are met.
WHAT USUALLY DO IN THIS POSITION
As an commercial finance manager, your main responsibilities include developing financial strategies and goals, monitoring financial performance, and providing financial reports and analysis to senior management. You will also be involved in budgeting, forecasting, and financial planning to support the company's growth and profitability. Additionally, you may be responsible for managing financial risks, optimizing cash flow, and ensuring compliance with financial regulations.
TOP 5 SKILLS FOR POSITION
- Financial analysis and modeling
- Strategic planning and decision-making
- Strong knowledge of accounting principles
- Excellent communication and presentation skills
- Attention to detail and analytical thinking
HOW TO BECOME THIS TYPE OF SPECIALIST
To become an commercial finance manager, you typically need a bachelor's degree in finance, accounting, or a related field. Some employers may prefer candidates with a master's degree in finance or business administration. It is also important to gain relevant work experience in finance or accounting roles to develop the necessary skills and knowledge. Obtaining professional certifications, such as the Certified Financial Manager (CFM) or Chartered Financial Analyst (CFA), can also enhance your credentials and increase job prospects in this field.
AVERAGE SALARY
The average salary for commercial finance managers varies depending on factors such as experience, location, and the size of the company. According to data from the Bureau of Labor Statistics, the median annual wage for financial managers, which includes commercial finance managers, was $134,180 in May 2020. However, salaries can range from around $80,000 to over $200,000 or more, depending on individual qualifications and the specific industry.
ROLES AND TYPES
Commercial finance managers can work in various industries, including banking, manufacturing, retail, healthcare, and technology. They may have different job titles, such as finance director, financial controller, or financial analyst, depending on the organization and its structure. Their roles can also vary depending on the size and complexity of the company, but generally, they are responsible for managing the financial aspects of the business and providing strategic financial advice.
LOCATIONS WITH THE MOST POPULAR JOBS IN USA
Commercial finance manager jobs can be found in various locations across the United States. Some of the cities with a high demand for commercial finance managers include New York City, Los Angeles, Chicago, Houston, and Atlanta. These cities are often home to large corporations and financial institutions, creating opportunities for professionals in this field. However, commercial finance manager positions can be found in many other cities and regions throughout the country, as finance is a crucial function for businesses nationwide.
WHAT ARE THE TYPICAL TOOLS
Commercial finance managers utilize various tools and software to perform their job effectively. Some of the typical tools used in this role include financial management software, such as QuickBooks or Oracle Financials, for managing financial data and generating reports. They may also use spreadsheet software, like Microsoft Excel, for financial analysis and modeling. Additionally, they may utilize enterprise resource planning (ERP) systems, data visualization tools, and financial planning software to support their financial management and decision-making processes.
IN CONCLUSION
Commercial finance manager jobs are critical for the financial success and growth of commercial organizations. These professionals play a crucial role in managing the financial operations, providing strategic guidance, and ensuring compliance with financial regulations. With the right education, experience, and skills, you can pursue a rewarding career as an commercial finance manager in various industries and locations across the United States.