Chief Financial Officer, ship salary

What does a Ship's Financial Manager do?

As a Ship's Financial Manager, you are responsible for managing the financial operations of the shipping business. Your tasks may include budgeting, purchasing supplies, inventory management, and personnel administration. You often work closely with the captain and other senior officers on board. The work environment can be demanding with long working days and periods at sea.

Ship's Financial Manager salary

The average salary for a Ship's Financial Manager is 41 600 SEK per month. Women in the profession earn slightly more, with an average monthly salary of 42 400 SEK. The average hourly wage is 240 SEK, based on 166 working hours per month. The highest salary for a man in the profession is 45,100 SEK while for a woman it is 41,400 SEK. On the opposite end of the scale, the lowest salary for men is 35,500 SEK and for women 35,800 SEK.

Salary development over time

We see a slight decrease in the average salary from 39 900 SEK last year to 41 600 SEK this year. This may be due to various factors such as changes in demand or economic conditions.

Education and qualifications

To become a Ship's Financial Manager, a post-secondary education in finance is usually required, preferably with a focus on shipping or logistics. Practical experience in shipping operations can also be very valuable.

Common benefits

Benefits may include a paid mobile phone, opportunities for professional development, and sometimes even remote work when the ship is in port. Employers may also offer pension plans and other financial benefits.

Competition and challenges

The job market for Ship's Financial Managers in shipping is relatively small, which can lead to competition for available positions. Technological shifts and digitalization also affect the profession, requiring continuous professional development.

Key facts about Ship's Financial Managers

• Salary range: 35,500 SEK – 45,100 SEK
• Education: Post-secondary education in finance
• Work environment: Demanding, often at sea

Tips for those who want to work as a Ship's Financial Manager

To succeed in the role, it is important to stay updated on new technologies and regulations within the shipping sector. Build a strong network within the industry and consider further education in leadership or logistics to increase your chances of good career development.

Career paths

With experience, a Ship's Financial Manager can advance to higher positions such as Chief Financial Officer for a shipping company or take on a leadership role in logistics and supply chain management on land.

Future prospects and demand

According to the Public Employment Service, the demand for Ship's Financial Managers in shipping is stable but limited to specific regions and shipping companies. Digitalization and sustainability trends may affect future needs and job tasks.

FAQ - Frequently asked questions about Ship's Financial Managers

• What does a Ship's Financial Manager earn? A Ship's Financial Manager earns an average of 41 600 SEK per month.
• How do you become a Ship's Financial Manager? A post-secondary education in finance is required, preferably with a focus on shipping.
• Is it easy to get a job? The competition can be tough since the job market is relatively small.
• Is it stressful to work as a Ship's Financial Manager? Yes, the job can be stressful with long days and demanding work environments.
• What qualities are important as a Ship's Financial Manager? Good organizational skills, leadership, and the ability to work under pressure are important qualities.
• What different types of Ship's Financial Managers are there? It can vary depending on the type of ship and shipping company, but generally, the main responsibility is financial management.