10010 Financial managers

What this occupation covers

Financial managers plan, organize, direct, control and evaluate the operation of financial and accounting departments. They develop and implement the financial policies and systems of establishments. Financial managers establish performance standards and prepare various financial reports for senior management. They are employed in financial and accounting departments in companies throughout the public and private sectors and in government.

Official main duties

The NOC profile lists 10 main duties for this code.

• Plan, organize, direct, control and evaluate the operation of an accounting, audit or other financial department
• Develop and implement the financial policies, systems and procedures of an establishment
• Prepare or coordinate the preparation of financial statements, summaries, and other cost-benefit analyses and financial management reports
• Co-ordinate the financial planning and budget process, and analyze and correct estimates
• Supervise the development and implementation of financial simulation models
• Evaluate financial reporting systems, accounting procedures and investment activities and make recommendations for changes to procedures, operating systems, budgets and other financial control functions to senior managers and other department or regional managers
• Recruit, organize, train and manage staff
• Act as liaison between the organization and its shareholders, the investing public and external financial analysts
• Establish profitability standards for investment activities and handle mergers and/or acquisitions
• Notify and report to senior management concerning any trends that are critical to the organization's financial performance.

Do not copy these lines into your reference letter. The letter has to describe what you actually did, in your employer’s words. DUTYPROOF flags wording lifted from the NOC as something to review, and an officer reading a letter that mirrors the NOC reads it the same way.

What DUTYPROOF screens for

This is DUTYPROOF’s screening threshold, not IRCC’s decision. For this NOC, screening requires at least 2 of its 10 official duties to be evidenced in your own words, plus the required letter elements. IRCC asks that you performed the actions in the occupation’s lead statement and a substantial number of its main duties — so treat the duty coverage as the number that matters, not the badge.

Codes this one is confused with

The NOC profile names these itself. Choosing the wrong code of a look-alike pair is the most common way genuine work experience fails to establish eligibility.

• 10029 Other business services managers
• 10021 Banking, credit and other investment managers
• 00012 Senior managers - financial, communications and other business services

Excluded from this code

• Accounting firm manager (See 10029 Other business services managers)
• Audit firm manager (See 10029 Other business services managers)
• Banking, credit and other investment managers (See 10021 Banking, credit and other investment managers)
• Senior managers - financial, communications and other business services (See 00012 Senior managers - financial, communications and other business services)

Job titles filed under this code

A title on this list does not by itself put your experience in this code — the duties in your letter decide that.

accounting and financial control chief · accounting and financial control director · accounting department manager · accounting director · accounting manager · accounting manager - financial services department · accounting office manager · assigned public accountants chief · assistant accounting manager · assistant treasurer - finances · assistant vice-president - financial, communications and other business services · audit and compliance director · auditing department manager · budget and sectoral profitability director · collections department manager · comptroller · controller - financial services · corporate budgeting and analysis manager · corporate financing manager · corporate risk department manager · director - financial services · director of accounting · director-treasurer - financial services · finance and control manager

Employment requirements

• A bachelor's degree in business administration, economics, commerce or a related field is required.
• A master's degree in business administration (concentration in finance), or another master's level management program may be required.
• Several years of experience in accounting, auditing, budgeting, financial planning and analysis or other financial activities are required.
• Accounting and audit managers may require a recognized accounting designation (CPA, CA, CPA, CMA or CPA, CGA).
• Investment, treasury, or corporate finance managers may require a recognized financial designation (CFA, CFP, CIM or others).