Finance Manager Career and Immigration options for Australia

Profile Title: Finance Manager Career and Immigration options for Australia

Alternative Title:Not Defined

ANZSCO Code: 132211 | Unit Code: 1322

Skill Level: Level 1 | Work Experience: 5 Years

Assessing Bodies: Certified Practising Accountants Australia/ Institute Of Charted Accoutns / Institute of Public Accountants

Skill Occupation List (SOL): STSOL

Specialization: Not Defined

Profile Description: Plans, organises, directs, controls and coordinates the financial and accounting activities within an organisation.

Job Duties:

• determining, implementing, monitoring, reviewing and evaluating budgetary and accounting strategies, policies and plans in consultation with other Managers
• providing financial information and interpreting the implications for business performance and funding needs
• coordinating the development, implementation and monitoring of accounting systems
• directing the preparation of financial reports summarising and forecasting the organisation s financial position such as income statements, balance sheets and analyses of future earnings and income
• assessing capital finance proposals and the financial status of operational projects
• advising on investment strategies, sources of funds and the distribution of earnings
• delivering long range profit forecasts, budgeting and financial reporting
• ensuring compliance with financial legislation and standards

Skill Level Description: In Australia and New Zealand: Most occupations in this unit group have a level of skill commensurate with a Bachelor Degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification (ANZSCO Skill Level 1).

Available Visa Options (As on February 2024):

• 190 - Skilled Nominated (subclass 190)
• 407 - Training visa (subclass 407)
• 489 - Skilled Regional (Provisional) visa (subclass 489) - State or Territory nominated
• 482 - Temporary Skill Shortage visa (subclass 482) - Short Term Stream
• 187 - Regional Sponsor Migration Scheme (subclass 187)
• 494 - Skilled Employer Sponsored Regional (provisional) (subclass 494) - Employer sponsored stream
• 491 - Skilled Work Regional (provisional) visa (subclass 491) State or Territory nominated

Registration or Licensing: Not Required

Industries: Finance Managers are mainly employed in: Financial and Insurance Services; Professional, Scientific and Technical Services; and Wholesale Trade

Education Profile: The most common level of educational attainment for Finance Managers is Bachelor degree (39.9 per cent).

Job Opening: Over the five years to November 2019, the number of job openings for Finance Managers is expected to be above average (between 25,001 and 50,000). Job openings count both employment growth and turnover (defined as workers leaving their occupation for other employment or leaving the workforce).

Age Group: The main age group is 35-44 years (33.3 per cent) and the median age is 44 years (compared to 40 years for all occupations).

Gender: The female share of Finance Managers is 47.2 per cent and 85.4 per cent of Finance Managers work full time. Average weekly hours for full time workers are 42.2 (compared to 40.2 for all occupations).

Earning: In August 2014 (latest available data) weekly earnings full-time before tax (and not including employer superannuation) were $2,150 (compared to earnings for all occupations of $1,200).

Employment: Employment for this occupation rose very strongly (in percentage terms) in the past five years and rose strongly in the long-term (ten years). Looking forward, employment for Finance Managers to November 2020 is expected to grow strongly.