10010 - Financial Managers

Financial Managers are in high demand across Canada, driven by the country’s rapidly growing economic and accounting departments. The demand for skilled workers under this TEER has been rapidly expanding post the pandemic, and this trend is expected to continue over the coming years. There will be many job opportunities available for Financial Managers in Canada.

The high demand for skilled workers in this field has resulted in competitive salaries and excellent benefits. Financial Managers can earn $57,000 to $315,860 per year, depending on experience, location, and specialization, and these salaries tend to be higher than average in this industry.

Financial Manager Jobs in Canada also offer many opportunities for career advancement in popular sectors such as banks, investment firms, and insurance companies. Professionals in Canada have numerous opportunities to expand their skills and take on new challenges as financial managers.

Financial Managers in Canada can access a wide range of benefits, including strong job security, high compensation, a supportive work environment, a direct pathway to Canadian PR, and free healthcare. Canada is known for its welcoming and diverse culture, making it a great place for individuals under this TEER to live and work.

Let us help you Apply for Canada PR as a Financial Managers

What is NOC 10010 (Financial Managers)?

Financial Managers (NOC 10010) includes professionals who plan, direct, and oversee an organization’s financial operations. Their responsibilities involve budgeting, forecasting, financial reporting, investment planning, and ensuring compliance with financial regulations. 

NOC 10010 manage accounting teams, develop financial strategies, and support senior management in decision-making. These managers work across industries, including banking, corporate finance, insurance, and government, helping organizations maintain financial stability and drive long-term growth.

Related Job Titles

• Controller - financial services
• Director - financial services
• Director of Accounting
• Finance director
• Financial Administrator
• Financial control manager
• Financial planning and analysis manager
• Internal audit services manager
• Treasurer

Financial Managers Job Description

This group performs some or all of the following duties:

• Plan, organize, direct, control, and evaluate the operation of an accounting, audit, or other financial department.
• Develop and implement an establishment's financial policies, systems, and procedures.
• Prepare or coordinate the preparation of financial statements, summaries, and other cost-benefit analyses and financial management reports.
• Coordinate 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.

Financial Managers Benefits

Benefits are the advantages employers offer in addition to wages and salaries. These can include, but are not limited to:

• Employer-sponsored pension plans
• Dental, medical, and life insurance plans
• Leave entitlements, such as maternity, parental, or caregiver leave
• Sick days and vacation days
• Payroll taxes, such as employer contributions to the Employment Insurance program and the Canada Pension Plan (CPP) or Quebec Pension Plan (QPP)

Financial Managers Salary Prospects

Job Openings - Financial Managers (NOC 10010)

Over the period 2024-2033, new job openings for Financial Managers are expected to total 32,100, while 36,900 new job seekers are expected to be available to fill them. Immigrants from India seeking Financial Manager jobs in Canada may find it easier to secure employment under TEER 10010.