Financial Manager Salary in Sydney, New South Wales
$73K
20% Low Band Avg
AUD $88K
Average
$105K
80% High Band Avg
- Bonus: 8,276
Salaries based on experience level
The Average Entry Level salary of Financial Manager in Sydney, New South Wales is AUD $73K/yr, this salary increases 29% to $96K/yr when reach Mid Level Career.
From Mid to Senior Level the average salary increases 30% from $96K/yr to $125K/yr.
Salary Compared to Australia National Average Salary
- Financial Manager in Sydney, New South Wales Salary
- vs
- Financial Manager in Australia Salary
The Average Salary of Financial Manager in Sydney, New South Wales is $88K/yr. This is +1% higher ($1,130) compared to Australia national average salary of $87K/yr.
Salary Compared to Sydney City Average Salary
- Financial Manager in Sydney, New South Wales Salary
- vs
- Sydney, New South Wales City Average Salary
The Average Salary of Financial Manager in Sydney, New South Wales is +15% higher (11,506) than the average salary for the city of Sydney, New South Wales $76K/yr.
Financial Manager job description
Job Title: Financial Manager
Overview/Summary of the Role:
The Financial Manager is responsible for managing the financial operations of an organization in order to achieve financial goals and objectives. They analyze financial data, prepare financial reports, manage budgeting and forecasting, and make strategic financial decisions. The Financial Manager ensures that an organization's financial resources are utilized efficiently and effectively.
Responsibilities and Duties:
• Develop and implement financial policies and procedures
• Manage financial forecasting, budgeting, and reporting
• Conduct financial analysis and provide recommendations to senior management
• Determine strategies to minimize financial risks
Financial Manager interview questions
Interviewer: Good morning, can you tell us a little bit about your educational background and previous work experience that makes you the ideal candidate for this position?
Candidate: Good morning, I have a Bachelor’s degree in Finance and I’ve worked as an accountant for ABC company for the last five years. In that capacity, I gained a lot of experience in managing budgets, creating financial reports, and managing cash flows.
Interviewer: How do you handle a situation where a company loses money in one quarter?
Candidate: I would work with senior management to review the financial reports for that quarter and identify the reasons for the loss. Then, we would create a plan to improve the financial performance and ensure that the company will regain profitability in the following quarters.
Interviewer: What do you think is the most important factor when creating financial budgets for a company?
Candidate: In my opinion, the most important factor is to ensure that the budget is realistic and achievable. The budget should also align with the company’s strategic goals and objectives.