Cadence Bank hiring Finance Manager in Tupelo, MS | LinkedIn (2024)

FAQs

What do finance hiring managers look for? ›

Management Skills

Much like in various other sectors, firms in the financial industry consistently seek out potential hires who possess both experience and skills in management. These abilities are crucial for handling personnel and a company's financial structure and reporting systems.

Hiring a financial manager makes good sense if you're planning to expand your business. They can take on a lot of the hard work relating to financial operations off your shoulders, thus allowing you to concentrate on strategy and development.

If your company is experiencing rapid growth, it may be best to hire someone to manage the company's finances. This can lower the risk of mistakes in bookkeeping, reduce the company's operational costs and raise profits. So although you don't need to hire a financial manager, it's highly recommended.

Financial managers work in many industries, including banks, investment firms, and insurance companies. Most financial managers work full time, and some work more than 40 hours per week.

Familiarize yourself with key financial concepts and terminologies. Collaborate with your finance department to understand the specific needs and challenges of the role. Additionally, prepare scenario-based questions to assess problem-solving and decision-making skills.

Strategic and analytical skills

Financial professionals need to possess the analytical ability and know-how to look at those numbers and really understand what the data is saying. Financial reporting, studying market trends, and forecasting are just a few of the roles in which require cutting-edge analytical skills.

Very generally, having between $50,000 and $500,000 of liquid assets to invest can be a good point to start looking at hiring a financial advisor.

In a typical large organization, the Chief Financial Officer (CFO) is the highest-ranking finance officer in the company.

On average, you can expect to pay between 0.5% and 2% of your total assets under management annually, $150 to $400 per hour, or a flat fee ranging from $1,000 to $3,000 for a comprehensive financial plan.

What is the disadvantage of financial manager? ›

Cons of Becoming a Financial Manager

Managing the financial health of an entire organization comes with a great deal of responsibility. That responsibility can, in turn, cause you a lot of stress. This can be a very fast-paced job, too, which can contribute to work-related stress.

The Bureau of Labor Statistics projects 16.0% employment growth for financial managers between 2022 and 2032. In that period, an estimated 126,600 jobs should open up. Financial managers oversee the finances of major companies, agencies and other organizations.

Finance Managers generally work around 40 to 50 hours per week, but this can fluctuate with fiscal year-end, quarterly reporting, and budgeting cycles. During these peak periods, they may work additional hours to ensure accurate financial reporting and compliance.

To become a Finance Manager, you usually need a bachelor degree or higher in a related field, in addition to having experience in the industry. 1. Complete a bachelor degree in business, commerce, finance, accounting, economics or business administration.

Sample Answer: I am confident that I can help your company grow. I have a strong background in finance and have worked with similar companies in the past. I am very familiar with your company's products and services.

A positive and adaptable attitude goes a long way! In our company, hiring managers seek candidates who are open to learning and growing within their roles. Your ability to collaborate, strengthen team dynamics, and contribute to a team environment is often just as important as your technical skills.