Important: This page is an independent reference summary. Verify classification decisions against the official ABS source before using them for tax, licensing, immigration or compliance purposes.

Role overview

Finance Managers (OSCA 111231) are senior professionals who plan, organise, direct, and coordinate the financial and accounting functions within Australian organisations. They operate at a strategic level, overseeing financial operations, developing fiscal policies, and ensuring regulatory compliance. These managers typically work in corporate settings, government agencies, or large non-profit organisations where they contribute to financial decision-making and long-term planning.

The role involves close collaboration with other senior managers and executives to align financial strategy with organisational objectives. In the Australian context, Finance Managers must navigate local financial regulations, taxation laws, and reporting standards while managing budgets, cash flow, and financial risks. Their work supports organisational sustainability and informed strategic direction.

Key tasks in practice

Finance Managers perform diverse responsibilities that blend strategic planning with operational oversight:

  • Developing and evaluating budgetary strategies, accounting policies, and financial plans in consultation with other departmental managers
  • Analysing financial data to assess business performance, identify funding requirements, and provide insights for decision-making
  • Overseeing the implementation and maintenance of accounting systems and financial controls
  • Directing the preparation of comprehensive financial reports including income statements, balance sheets, and cash flow projections
  • Advising senior leadership on investment opportunities, funding sources, and profit distribution strategies
  • Producing long-range financial forecasts and ensuring compliance with Australian financial legislation and accounting standards

Skill level explanation

OSCA classifies Finance Managers at Skill Level 1, indicating this occupation requires high-level expertise and responsibility. This classification corresponds to ANZSCO Skill Level 1, typically requiring a bachelor degree or higher qualification plus at least five years of relevant experience. In some cases, extensive relevant experience may substitute for formal qualifications.

Skill Level 1 occupations involve managing organisations or performing complex technical functions requiring specialised knowledge. For Finance Managers, this includes strategic financial planning, policy development, and overseeing significant financial operations. The skill level reflects the occupation's responsibility for major organisational outcomes and compliance with complex regulatory frameworks.

Industry context

Finance Managers work across multiple sectors in the Australian economy. According to ANZSIC industry correlations, they are commonly employed in:

  • Finance and insurance services (ANZSIC 6419)
  • Accounting services (ANZSIC 6240)
  • Other financial services (ANZSIC 6229)
  • Central government administration (ANZSIC 7520)

These professionals typically work in medium to large organisations where financial management requires dedicated expertise. They may be employed by corporations, government departments, financial institutions, or large non-profit organisations. The role's cross-industry applicability reflects the universal need for financial management expertise in organisations of significant scale and complexity.