What is a Senior Manager Financial Reporting Job?
A Senior Manager Financial Reporting is a high-level position in the finance department of a company. This position is responsible for overseeing the company's financial reports, ensuring that they are accurate and compliant with all relevant regulations. They also work closely with other departments to ensure that financial information is used effectively to inform business decisions.
What do Senior Managers in Financial Reporting Typically Do?
The primary responsibility of a Senior Manager Financial Reporting is to oversee the preparation and distribution of financial reports. This includes analyzing financial data, creating financial statements, and ensuring that all reports are accurate and compliant with relevant regulations.
In addition to overseeing financial reporting, Senior Managers in Financial Reporting also work closely with other departments to ensure that financial information is used effectively. They may work with the sales team to analyze revenue trends, or with the operations team to analyze costs and identify areas for improvement.
Top 5 Skills for the Position
- Strong analytical skills
- Excellent attention to detail
- Thorough understanding of accounting principles and regulations
- Ability to manage and motivate a team
- Excellent communication and interpersonal skills
How to Become a Senior Manager in Financial Reporting
To become a Senior Manager in Financial Reporting, you will typically need a bachelor's degree in finance or accounting, as well as several years of experience in a related field. Many companies also require a CPA certification or other relevant certifications.
In addition to education and experience, it is important to develop strong analytical and management skills, as well as excellent communication and interpersonal skills. Networking and building relationships within the industry can also be helpful in advancing your career.
Average Salary
The average salary for a Senior Manager in Financial Reporting varies depending on the size and industry of the company, as well as the geographic location. According to Glassdoor, the national average salary for this position is $118,000 per year.
Roles and Types
Senior Managers in Financial Reporting can work in a variety of industries, including finance, healthcare, and technology. Within these industries, there are several different types of roles available, including:
- Financial Reporting Manager
- Financial Reporting Analyst
- Senior Financial Analyst
- Director of Financial Reporting
- Vice President of Financial Reporting
Locations with the Most Popular Jobs in the USA
The most popular locations for Senior Manager Financial Reporting jobs in the USA include major metropolitan areas such as New York City, San Francisco, and Chicago. However, there are also opportunities available in smaller cities and rural areas, depending on the industry and company.
What are the Typical Tools?
Senior Managers in Financial Reporting typically use a variety of tools and software to perform their job duties. These may include:
- Accounting software such as QuickBooks or Xero
- Enterprise resource planning (ERP) software such as SAP or Oracle
- Microsoft Excel for data analysis and reporting
- Financial analysis software such as Tableau or Power BI
- Regulatory compliance software such as Certent or Workiva
In Conclusion
A Senior Manager in Financial Reporting is an important position in the finance department of a company. This position is responsible for overseeing the accuracy and compliance of the company's financial reports, as well as working closely with other departments to ensure that financial information is used effectively to inform business decisions. Developing strong analytical and management skills, as well as excellent communication and interpersonal skills, can help you advance your career in this field.