From budget manager to financial manager
19 of the 38 essential skills of a financial manager are already essential for a budget manager — about 50% of the job, before you learn anything new. It is the closest move from budget manager in the whole taxonomy.
These numbers compare two occupations, not you and a job. What you personally already cover depends on what you have actually done.
- 19
- skills carry over
- 19
- would be new
- 50%
- of the target job covered
- 38
- essential skills of a financial manager
What a financial manager does
Financial managers handle all the matters in reference to the finance and investments of a company. They manage financial operations of companies such as the assets, liabilities, equity and cash flow aiming to maintain the financial health of the company and operative viability. Financial managers evaluate the strategic plans of the company in financial terms, maintain transparent financial operations for taxation and auditing bodies, and create the financial statements of the company at the end of the fiscal year.
What carries over
19 skillsEssential in both jobs. This is the part of the move you have already made.
- accounting department processes
- advise on financial matters
- analyse market financial trends
- control financial resources
- cost management
- create a financial plan
- enforce financial policies
- evaluate budgets
- financial analysis
- financial department processes
- financial forecasting
- financial management
- financial statements
- follow company standards
- liaise with managers
- manage budgets
- monitor financial accounts
- strive for company growth
- support development of annual budget
What would be new
19 skillsEssential for a financial manager and not for a budget manager. Note that the taxonomy describes activities rather than tools, so some of these may be things you already do under a different name.
- accounting
- accounting entries
- accounting techniques
- analyse business plans
- analyse financial performance of a company
- banking activities
- create a financial report
- economics
- funding methods
- liaise with auditors
- liquidity management
- manage accounts
- monitor charity's budget
- prepare financial statements
- prepare tax returns forms
- report on overall management of a business
- securities
- supervise accounting operations
- tax legislation
Other moves from budget manager
2 roles- accounting manager19 skills in common
- real estate manager14 skills in common
No account needed to start
How far are you from being a financial manager?
MyNodes reads your CV once, maps it to this same taxonomy, and shows you which roles you are already closest to and the few skills that would open the most doors. The file is deleted as soon as it has been read.