What is a Financial Systems Manager Job?
A financial systems manager job is a key position within a company's accounting and finance department. This role involves managing the company's financial systems, such as databases, software, and other technologies, to ensure that they are operating effectively and efficiently. The financial systems manager ensures that the organization's financial data is accurate, secure, and timely, and that all financial reports are prepared in accordance with generally accepted accounting principles (GAAP).
What Usually Do in This Position?
Financial systems managers are responsible for managing a team of financial systems analysts and ensuring that they are performing their duties effectively. They work closely with other departments within the organization, such as IT and operations, to ensure that financial systems are integrated with other business systems. They are also responsible for identifying and implementing technological solutions that will improve the efficiency and accuracy of the company's financial systems.
In addition to managing financial systems, the financial systems manager is also responsible for developing and maintaining financial policies and procedures. They must ensure that all policies and procedures are in compliance with GAAP and other regulatory requirements. They also work closely with external auditors to ensure that all financial reporting requirements are met.
Top 5 Skills for Position
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Expertise in financial systems and software
- Ability to manage a team effectively
- Strong attention to detail and organizational skills
How to Become This Type of Specialist
To become a financial systems manager, you typically need a bachelor's degree in accounting, finance, or a related field. Many employers also require a master's degree in accounting or business administration. You should also have several years of experience working in finance or accounting, including experience with financial systems and software.
Certifications such as Certified Public Accountant (CPA) or Certified Management Accountant (CMA) can also be helpful in advancing your career in financial systems management. Ongoing professional development is also important to stay up-to-date with the latest technological advancements and regulatory requirements.
Average Salary
According to Glassdoor, the national average salary for a financial systems manager is $103,932 per year. However, salaries can vary widely depending on location, industry, and experience.
Roles and Types
Financial systems managers can work for a variety of organizations, including corporations, non-profits, and government agencies. They may also specialize in different areas of financial systems management, such as systems implementation, data analysis, or policy development.
Locations with the Most Popular Jobs in USA
Financial systems manager jobs are available in many different locations throughout the United States. According to Glassdoor, some of the top cities for financial systems manager jobs include New York City, San Francisco, Chicago, and Houston.
What Are the Typical Tools
Financial systems managers use a variety of tools and technologies to manage financial systems effectively. Some of the most common tools include accounting software such as QuickBooks or Sage, data analysis tools such as Microsoft Excel or Tableau, and database management systems such as Oracle or SQL Server.
In Conclusion
Financial systems management is a critical function within any organization's accounting and finance department. Financial systems managers play a crucial role in ensuring that financial data is accurate, secure, and timely, and that financial reports are prepared in compliance with GAAP and other regulatory requirements. With the right education, training, and experience, you can build a successful career in financial systems management and make a valuable contribution to your organization's success.