Financial Reporting Manager Job Description [Updated for 2025]

In the modern business world, the role of a Financial Reporting Manager is more crucial than ever.

As the global economy evolves and financial regulations increase, there is a growing demand for skilled professionals who can accurately interpret, create, and manage a company’s financial reports.

But let’s delve deeper: What’s truly expected from a Financial Reporting Manager?

Whether you are:

• A job seeker trying to understand the core of this role,
• A hiring manager outlining the perfect candidate,
• Or simply fascinated by the world of financial management,

You’ve come to the right place.

Today, we present a customizable Financial Reporting Manager job description template, crafted for straightforward posting on job boards or career sites.

Without further ado, let’s dive in.

Financial Reporting Manager Duties and Responsibilities

Financial Reporting Managers are responsible for managing and coordinating all aspects related to the organization’s financial reporting activities.

They ensure that financial statements and reports are accurate, complete, and in compliance with company policies and regulatory reporting standards.

The duties and responsibilities of a Financial Reporting Manager include:

• Overseeing the preparation of monthly, quarterly, and annual financial statements and reports
• Ensuring compliance with financial reporting standards, regulatory requirements, and company policies
• Coordinating with internal and external auditors for financial audits
• Assisting in the budgeting process and providing variance analysis reports
• Reviewing and recommending improvements to financial reporting processes
• Providing financial insights and reports to support decision-making processes
• Monitoring and updating the financial reporting systems and databases
• Keeping abreast with changes in financial regulations and legislation
• Training and mentoring financial reporting staff
• Collaborating with other departments to gather information for financial reporting

 

Financial Reporting Manager Job Description Template

Job Brief

We are seeking a detail-oriented and strategic Financial Reporting Manager to manage our financial reporting and analysis functions.

Financial Reporting Manager responsibilities include overseeing the preparation of financial reports, implementing financial policies, and maintaining the financial health of the organization.

Our ideal candidate is familiar with all aspects of financial management ranging from simple accounting to broad investment and banking operations.

Ultimately, the role of the Financial Reporting Manager is to safeguard our company by managing and planning the company’s financial strategy in compliance with all legal requirements.

 

Responsibilities

• Prepare monthly, quarterly and annual financial reports
• Oversee the company’s financial data and compliance by maintaining accurate books on accounts payable and receivable, payroll, and daily financial entries and reconciliations
• Analyze financial data and create financial models for decision support
• Conduct regular audits to ensure the accuracy of financial information
• Review, monitor, and manage budgets
• Monitor and confirm financial condition by conducting audits and providing information to external auditors
• Develop strategies to minimize financial risk
• Report to the CFO with timely and accurate financial information
• Comply with all financial regulations and standards

 

Qualifications

• Proven work experience as a Financial Manager or similar role
• Strong knowledge of accounting, data analysis and forecasting methods
• Ability to strategize and solve problems
• Proficient in the use of MS Office and financial management software (e.g., SAP)
• Strong ethics, with an ability to manage confidential data
• BSc/BA in accounting, finance or relevant field; MSc/MA is a plus
• Professional certification such as CFA/CPA or similar will be considered a plus

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Financial Reporting Manager
• Work Environment: Office setting with options for remote work. Some travel may be required for team meetings or client consultations.
• Reporting Structure: Reports to the Chief Financial Officer (CFO).
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $80,000 minimum to $150,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Financial Reporting Manager Do?

Financial Reporting Managers typically work for corporations across various industries, particularly in the finance sector.

They are an essential part of the finance team and contribute heavily towards the company’s financial health and stability.

They are responsible for preparing monthly, quarterly, and yearly financial reports which detail a company’s financial performance.

This includes balance sheets, income statements, cash flow statements, and other financial disclosures.

These managers are also responsible for the accuracy of these reports and ensuring that they comply with applicable regulations and accounting standards.

They maintain up-to-date knowledge of regulatory changes and their impact on the organization’s reporting procedures.

Financial Reporting Managers often coordinate with other departments to gather the necessary data for their reports.

They work closely with auditors during financial and operational audits, provide necessary documentation, and respond to audit findings.

They also perform analysis on financial data, identifying trends, and providing valuable insights to senior management to aid in strategic decision-making.

Financial Reporting Managers may also be involved in improving financial reporting procedures, implementing new systems, and maintaining internal financial controls to ensure the integrity of financial data.

In summary, they are the gatekeepers of a company’s financial information, providing crucial insights to stakeholders, and ensuring regulatory compliance.

 

Financial Reporting Manager Qualifications and Skills

A proficient Financial Reporting Manager should possess skills and qualifications that align with the demands of the role, such as:

• Outstanding knowledge of GAAP (Generally Accepted Accounting Principles), IFRS (International Financial Reporting Standards), and other regulatory standards to ensure financial reports adhere to regulations
• Strong attention to detail for the production of accurate financial reports and for identifying any irregularities in data
• Excellent analytical skills to interpret complex financial data and provide actionable business insights
• Strong communication skills to present financial information clearly to both financial and non-financial stakeholders
• Superior leadership abilities to manage a team of financial professionals, assign tasks and monitor performance
• Strong IT skills, including proficiency in financial software packages and MS Office Suite, particularly advanced Excel skills
• Exceptional organizational skills to manage multiple tasks and deadlines, and to ensure timely and accurate reporting
• Problem-solving skills to identify and resolve financial discrepancies and issues
• High level of integrity and professional ethics as they handle confidential financial information

 

Financial Reporting Manager Experience Requirements

Financial Reporting Managers typically have a bachelor’s degree in finance, accounting, or a related field, although many employers prefer candidates with a master’s degree in business administration (MBA) or accounting.

Entry-level candidates might start in roles such as Financial Analyst, Accountant, or Audit Assistant, where they usually gain 1 to 2 years of experience in understanding financial data and reporting basics.

After this, candidates with 3 to 5 years of experience in financial reporting are usually expected, having developed their technical skills and knowledge in roles like Senior Financial Analyst or Assistant Financial Reporting Manager.

Those who have more than 5 years of experience are often looked at for Financial Reporting Manager roles.

At this stage, they should have mastered the reporting process, gained an understanding of accounting standards, and developed leadership skills.

Additionally, many companies prefer their Financial Reporting Managers to be Certified Public Accountants (CPA) due to the extensive knowledge and experience this certification implies.

Financial Reporting Managers are often expected to have experience with various financial software programs and strong knowledge of Generally Accepted Accounting Principles (GAAP).

 

Financial Reporting Manager Education and Training Requirements

Financial Reporting Managers typically have a bachelor’s degree in finance, accounting, economics, or a related field.

An understanding of financial reporting principles, corporate finance, and accounting fundamentals is essential.

Several positions may require a master’s degree in accounting or finance, or an MBA with a concentration in finance, particularly for leadership roles.

In addition to the academic qualifications, becoming a Certified Public Accountant (CPA) or earning other related certifications such as the Chartered Financial Analyst (CFA) or Certified Management Accountant (CMA) can be beneficial.

These credentials demonstrate advanced knowledge and commitment to the profession.

Furthermore, Financial Reporting Managers should have strong analytical skills, knowledge of accounting software, and experience with financial reporting.

Employers often require several years of experience in a finance or accounting role.

The experience might include roles such as financial analyst, accountant, or auditor.

Continuing professional development is crucial in this role due to the changing nature of financial regulations and reporting standards.

Therefore, many Financial Reporting Managers pursue ongoing training and education throughout their careers.

 

Financial Reporting Manager Salary Expectations

A Financial Reporting Manager earns an average salary of $108,831 (USD) per year.

However, the salary can vary significantly based on factors such as experience, qualifications, the size of the company, and the location.

Those in the top end of the pay scale can earn as much as $144,000 annually.

 

Financial Reporting Manager Job Description FAQs

What skills does a Financial Reporting Manager need?

A Financial Reporting Manager should have excellent analytical and problem-solving skills to understand and interpret financial data.

They should have strong attention to detail to ensure the accuracy of financial reports.

They should also have strong communication skills to convey financial information effectively to stakeholders.

Knowledge of financial reporting standards and regulations is also crucial.

 

Do Financial Reporting Managers need a degree?

Yes, a Financial Reporting Manager typically needs a bachelor’s degree in finance, accounting, or a related field.

Many employers prefer candidates with a master’s degree in business administration (MBA) or a related discipline.

Certifications like Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) can also be advantageous.

 

What should you look for in a Financial Reporting Manager’s resume?

A Financial Reporting Manager’s resume should include a solid educational background in finance or accounting and relevant certifications.

Look for experience in financial reporting, budgeting, and financial analysis.

Proficiency in financial software and reporting tools, as well as knowledge of financial regulations and standards, are also crucial.

Leadership experience is also important as they will be managing a team.

 

What qualities make a good Financial Reporting Manager?

A good Financial Reporting Manager is detail-oriented and has a strong analytical mindset to interpret complex financial data accurately.

They are excellent communicators who can clearly present financial information to various stakeholders.

They also have a high degree of integrity and are knowledgeable about financial regulations and standards.

Leadership skills are also crucial as they are responsible for leading and managing a team.

 

Is it difficult to hire Financial Reporting Managers?

Finding a qualified Financial Reporting Manager can be challenging due to the specific skill set and experience required for the role.

It’s important to offer competitive compensation packages and opportunities for career development to attract top candidates.

Companies may need to consider candidates with less experience but solid financial and accounting skills who can be trained on the job.

 

Conclusion

And there you have it.

Today, we’ve unraveled the truth behind the role of a Financial Reporting Manager.

And guess what?

It’s not just about crunching numbers.

It’s about shaping the financial future, one financial report at a time.

With our handy Financial Reporting Manager job description template and real-world examples, you’re all ready to step up to the plate.

But why settle for just that?

Dig deeper with our job description generator. It’s your perfect tool to crafting precise job listings or polishing your resume to excellence.

Remember:

Every financial report is a piece of the greater financial puzzle.

Let’s shape that future. Together.

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