Finance manager, other

What does a Financial Manager – accounting do? Tasks and work environment

A Financial Manager specializing in accounting has overall responsibility for ensuring that the company's or organization's finances are managed correctly and in accordance with applicable regulations. Common tasks include ongoing bookkeeping, financial follow-up, budgeting, reporting to management and authorities, as well as preparing annual reports and tax returns. The role often involves leading and developing routines for financial management, sometimes also personnel responsibility for the finance department. The work environment is typically office-based and characterized by periods of high pace, especially during financial closing and reporting, but also offers opportunities for remote work and flexible hours in many organizations.

Salary development over time

The salary for a Financial Manager, other has shown a clear upward trend in recent years. In 2022, the average salary was 41,200 SEK per month, which increased to 43 000 SEK in 2023 and further to 44 300 SEK in 2024. This corresponds to a total increase of approximately 7.5% over three years. The salary development can partly be explained by increased demand for qualified economists as regulations become more complex and digitalization of financial flows requires new skills. The market has been relatively stable, but competition for the most experienced candidates has driven up salaries somewhat more in certain regions and industries. Gender differences remain, but the relative salary gap has decreased slightly during the period.

Financial Manager, other salary – complete overview

• Average salary: 44 300 SEK/month
• Lowest salary: 33,200 SEK/month (male, private sector employee, pre-secondary education)
• Highest salary: 48,500 SEK/month (male, private sector employee, post-secondary education 3+ years)
• Hourly wage: 266 SEK
• Women earn: 44 000 SEK/month (97% of men's salary, men: 45 400 SEK/month)
• Regional differences: Salary variations may occur between metropolitan areas and smaller towns

Education and qualifications

For the role of Financial Manager, other, a post-secondary education in economics is usually required, often at college or university level. Experience in accounting and financial management is highly valuable, as are knowledge of current financial systems and regulations. Many employers also view certifications or further training in areas such as accounting, auditing, or controlling positively.

• Formal degree: Economics program at college or university (3–4 years)
• Further education: Courses in accounting, taxation, controlling, or business systems
• Certifications: Authorization/certificates for accounting professionals can be advantageous
• Work experience: Internships, trainee positions, or previous work in finance departments are highly valued
• Prerequisites: Good knowledge of Excel and financial systems, as well as understanding of laws and regulations in the area

Common benefits and compensation

Financial Managers are often offered benefits such as occupational pension, wellness allowance, extra vacation days, and sometimes bonuses linked to company performance. Other common benefits include flexible hours, opportunities for remote work, training allowances, and subsidized lunches or employee discounts.

Competitions and challenges

The competition for positions as a Financial Manager, other is generally balanced, according to the Swedish Public Employment Service's forecasts. The number of job openings is stable, but the labor market is influenced by economic cycles and changing demands for digital skills. Challenges in the profession often involve staying updated on legislative changes and new accounting standards, while also maintaining high accuracy and responsibility. The ability to handle stress and work against deadlines is crucial, especially during financial closing periods. Additionally, many financial managers are expected to contribute to the development and streamlining of financial processes, which requires analytical skills and good teamwork.

Tips for aspiring Financial Managers, other

To succeed as a Financial Manager, other, it’s beneficial to combine analytical skills with meticulous work habits and a genuine interest in numbers. Building broad practical experience early in your career by working with different parts of the financial process creates a strong foundation. Initiative is highly valued, so don’t hesitate to suggest improvements or take responsibility for development projects. Flexibility is important, especially when implementing new systems or routines. Good communication skills facilitate collaboration with colleagues and management, and the ability to structure and prioritize tasks is often crucial during busy periods. Keeping updated on current regulations and using digital tools effectively are also central to the role.

Key facts about Financial Manager – other

• Education level: Post-secondary education in economics (3–4 years)
• Work environment: Office-based, often with flexible hours
• Demand: 758 job openings within the profession (May 2024)
• Gender salary gap: Women earn 97% of men's salary
• Occupation group: Accounting economists

Career paths and future outlook

After a few years as a Financial Manager, there are good opportunities to advance to roles such as finance manager, controller, or specialist in areas like taxation or group accounting. Some progress to leadership positions within finance departments or become consultants in accounting and ERP systems. Forecasts from the Swedish Public Employment Service indicate that the labor market for accounting specialists – including this role – will be stable, with demand expected to remain unchanged over the next five years. The balance between supply and demand means competition for the most attractive positions, but employment opportunities are considered moderate nationally.

Common questions about Financial Manager – other

• What does a Financial Manager, other earn?
  - The average salary is 44 300 SEK per month, with variations between 33,200 and 48,500 SEK depending on experience, education, and employer.
• What are the gender differences in salary?
  - Women earn 97% of men's salaries in the profession, which corresponds to 44 000 SEK for women and 45 400 SEK for men.
• What education is required to become a Financial Manager?
  - A post-secondary education in economics, usually at college or university (3–4 years), as well as experience in accounting.
• Are there regional salary differences?
  - Yes, salaries can vary between regions, often slightly higher in metropolitan areas compared to smaller towns.
• What are the future prospects for the profession?
  - The job market is stable with moderate opportunities for employment and a forecast of unchanged demand over the next five years.
• What are common benefits?
  - Occupational pension, wellness allowance, flexible hours, extra vacation days, and sometimes bonuses are common benefits.
• What does the job involve?
  - Bookkeeping, budgeting, reporting, financial statements, developing routines, and sometimes personnel responsibilities.