NOC 10010 · TEER Level 0

Financial managers

Financial managers plan, organize, direct, control and evaluate the operation of financial and accounting departments. They develop and implement the financial policies and systems of establishments. Financial managers establish performance standards and prepare various financial reports for senior management.

Also known as:accounting and financial control chiefaccounting and financial control directoraccounting department manageraccounting directoraccounting manageraccounting manager - financial services departmentAccountant SupervisorAccounting DirectorAccounting ManagerAccounting SupervisorAccounts ManagerAccounts Payable ManagerAccounts SupervisorActuarial Manager
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Good

Market Demand

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TEER 0

Skill Level

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NT, PE, NB

Top Provinces

What They Do

  • Plan, organize, direct, control and evaluate the operation of an accounting, audit or other financial department
  • Develop and implement the financial policies, systems and procedures of an establishment
  • 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.

Qualifications

  • checkA bachelor's degree in business administration, economics, commerce or a related field is required.
  • checkA master's degree in business administration (concentration in finance), or another master's level management program may be required.
  • checkSeveral years of experience in accounting, auditing, budgeting, financial planning and analysis or other financial activities are required.
  • checkAccounting and audit managers may require a recognized accounting designation (CPA, CA, CPA, CMA or CPA, CGA).
  • checkInvestment, treasury, or corporate finance managers may require a recognized financial designation (CFA, CFP, CIM or others).

Market Outlook by Province

NT

Northwest Territories

The employment outlook will be Good for financial managers (NOC 10010) in Northwest Territories for the 2025-2027 period.The following factors contributed to this outlook:Employment growth will lead to a few new positions.Several positions will become available due to retirements.There are a small number of unemployed workers with recent experience in this occupation.Financial managers are employed in nearly all industries in the Northwest Territories.Changes in technology, including the availability of online services, artificial intelligence, and the automation of back-office processes, may slow down job growth and change some job roles.Here are some key facts about financial managers in Northwest Territories: Approximately 100 people worked in this occupation in May 2021. Financial managers mainly work in the following sectors: Public Administration and Defence (NAICS 91): 66%Other Commercial Services (NAICS 54-56, 81): 10% The gender distribution of people in this occupation is: Men: 23% compared to 52% for all occupations Women: 77% compared to 48% for all occupations The educational attainment of workers in this occupation is: no high school diploma: n/a high school diploma or equivalent: n/a apprenticeship or trades certificate or diploma: n/a college certificate or diploma or university certificate below bachelor's: n/a bachelor's degree: 30% compared to 17% for all occupations university certificate, degree or diploma above bachelor level: n/a

Good

Outlook

PE

Prince Edward Island

The employment outlook will be Good for financial managers (NOC 10010) in Prince Edward Island for the 2025-2027 period.The following factors contributed to this outlook:Employment growth will lead to a moderate number of new positions.A moderate number of positions will become available due to retirements.There are a moderate number of unemployed workers with recent experience in this occupation.Financial managers play a vital role in overseeing financial operations across a wide range of industries, including banking, investment firms, insurance, government, and corporate sectors. While many employers prefer candidates with a master’s degree in finance, accounting, or business administration, professional designations such as Chartered Professional Accountant (CPA), Chartered Financial Analyst (CFA), and completion of the Canadian Securities Course (CSC) are often required or strongly recommended depending on the specialization. Increasingly, financial managers are expected to bring expertise in financial software, data analytics, and emerging areas and cybersecurity risk. As financial operations become more complex and technology-driven, the role of financial managers continues to evolve. The demand for workers in this occupation is influenced by economic conditions and business activity. Prince Edward Island’s economy is projected to expand at a modest pace over the forecast horizon, constrained by slower population growth and ongoing trade uncertainties. Growth will be supported by strong export performance—particularly in processed foods and seafood, aerospace, pharmaceuticals, and chemicals—alongside sustained construction activity and a resilient tourism sector. Declining interest rates are expected to further support domestic spending and housing demand. However, the federal reduction in immigration targets has led to a marked decline in international arrivals, a slowdown that is anticipated to moderate consumer demand and labour force growth. Over the longer term, reduced immigration presents a key risk to the province’s economic outlook. Here are some key facts about financial managers in Prince Edward Island: Approximately 200 people work in this occupation. Financial managers mainly work in the following sectors: Federal government public administration (NAICS 911): 14%Hospitals (NAICS 622): 13%Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 12%Social assistance (NAICS 624): 9%Other services (except public administration) (NAICS 81): 9% The distribution of full-time and part-time workers in this occupation is:Full-time workers: 94% compared to 84% for all occupationsPart-time workers: 6% compared to 16% for all occupations81% of financial managers work all year, while 19% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 47 weeks compared to 41 weeks for all occupations.The gender distribution of people in this occupation is: Men: 34% compared to 51% for all occupations Women: 66% compared to 49% for all occupations The educational attainment of workers in this occupation is: no high school diploma: less than 5% compared to 11% for all occupations high school diploma or equivalent: less than 5% compared to 28% for all occupations apprenticeship or trades certificate or diploma: less than 5% compared to 11% for all occupations college certificate or diploma or university certificate below bachelor's: 31% compared to 25% for all occupations bachelor's degree: 31% compared to 17% for all occupations university certificate, degree or diploma above bachelor level: 28% compared to 8% for all occupations

Good

Outlook

NB

New Brunswick

The employment outlook will be Moderate for financial managers (NOC 10010) in New Brunswick for the 2025-2027 period.The following factors contributed to this outlook:Employment growth will lead to a moderate number of new positions.A moderate number of positions will become available due to retirements.There are a moderate number of unemployed workers with recent experience in this occupation.These managers are employed in financial and accounting departments across the public and private sector.  Several years of experience in accounting, auditing, budgeting, financial planning and analysis or other financial activities are generally required. Accounting and audit managers may require a Chartered Professional Accountant (CPA) designation. Investment, treasury, or corporate finance managers may require a Chartered Financial Analyst (CFA) or other recognized financial designation. Candidates should be familiar with industry-specific software packages, as well as local laws and financial regulations. Prospects are greater in the province’s larger urban centres (Fredericton, Moncton, and Saint John), where there are greater concentrations of financial services. However, an availability to work in rural areas will expand the number of opportunities.  Knowledge of both French and English will be required in certain regions of the province. Here are some key facts about financial managers in New Brunswick: Approximately 1,200 people work in this occupation. Financial managers mainly work in the following sectors: Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 10%Other retail stores (NAICS 44-45, except 445): 9%Federal government public administration (NAICS 911): 9%Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 6%Provincial and territorial public administration (NAICS 912): 5% 85% of financial managers work all year, while 15% work only part of the year, compared to 62% and 38% respectively among all occupations. Those who worked only part of the year did so for an average of 48 weeks compared to 42 weeks for all occupations.The gender distribution of people in this occupation is: Men: 36% compared to 52% for all occupations Women: 64% compared to 48% for all occupations The educational attainment of workers in this occupation is: no high school diploma: less than 5% compared to 11% for all occupations high school diploma or equivalent: 13% compared to 30% for all occupations apprenticeship or trades certificate or diploma: less than 5% compared to 12% for all occupations college certificate or diploma or university certificate below bachelor's: 26% compared to 23% for all occupations bachelor's degree: 37% compared to 16% for all occupations university certificate, degree or diploma above bachelor level: 19% compared to 7% for all occupations

Moderate

Outlook

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Immigration Pathways

TEER 0 occupations are senior management roles that qualify for Express Entry under the Federal Skilled Worker Program.

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Express Entry (FSW)

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Provincial Nominee Programs

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Top Companies Hiring

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Core Competencies

Management of Financial Resources and Knowledge in Finance

to plan, organize, direct and control the operations of accounting, audit and other financial departments

Evaluation and Systems Analysis

to assess financial performance, identify inefficiencies and optimize organizational systems for improved financial outcomes and strategic decision-making

Mathematical Reasoning and Numerical Ability

to analyze financial data, interpret complex numerical information and make accurate decisions based on forecasting and investment strategies

Written Comprehension

to understand financial reports, regulations and detailed documents in order to make informed decisions and ensure compliance with legal and financial standards

Verbal Ability and Speech Clarity

to prepare presentations on financial statements, cost-benefit analyses and financial management reports and to communicate with staff

Leadership

to motivate and inspire team members, delegate tasks effectively and foster a positive work environment

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