Financial Project Manager Jobs
A Financial Project Manager is a vital role focused on the planning, organization, and oversight of the financial components of projects within an organization. This position ensures that projects are financially viable, adhere to deadlines, and align with the company's long-term financial objectives.
The Financial Project Manager must possess strong skills in financial analysis, budget management, and strategic planning to enhance company performance and mitigate financial risks. This role combines financial expertise with project management capabilities and effective communication skills to engage with various stakeholders, including management, team members, and external parties.
Key responsibilities include managing budgets, developing financial forecasts, and implementing cost-reduction strategies to promote project efficiency and productivity. Financial Project Manager Jobs are essential for driving successful project outcomes while maintaining financial integrity.
National Yearly Income Range:
$107,500 - $165,750
Why Being a Financial Project Manager is Great.
A Financial Project Manager plays a crucial role in ensuring that projects are completed on time and within budget while maximizing profitability. This position combines financial acumen with project management skills, allowing professionals to oversee budgets, analyze financial data, and coordinate resources effectively. The dynamic nature of the job keeps it engaging, as it often involves working with cross-functional teams and adapting to changing project requirements. Additionally, the demand for skilled Financial Project Managers is on the rise, making it a stable career choice with ample opportunities for advancement.
Financial Project Manager Jobs offer a unique blend of strategic planning and financial oversight, making them an excellent fit for those who thrive in a fast-paced environment.
Financial Project Manager Job Duties And Responsibilities
A Financial Project Manager is responsible for overseeing all financial aspects of projects, including budgeting, forecasting, and cost management to ensure financial viability. They develop and implement both short- and long-term financial forecasts while providing critical budget support and analysis to keep projects on track. Additionally, they lead cross-functional teams, communicate project goals, and manage stakeholder expectations to ensure timely completion of deliverables. By identifying process improvements and leveraging cost-reduction techniques, they enhance financial performance and ensure compliance with relevant regulations.
Why be a Financial Project Manager with IES Residential?
Becoming a Financial Project Manager with IES Residential offers a unique opportunity to join a company with over 50 years of experience in the electrical services industry, where you can contribute to a diverse portfolio that includes plumbing, HVAC, and solar solutions. You will be part of a culture that prioritizes safety, employee engagement, and community support, while also benefiting from comprehensive training programs that emphasize continuous learning and career advancement. IESR's commitment to strong financial health and disciplined capital allocation ensures a stable environment for professional growth, allowing you to play a pivotal role in shaping the company's future and legacy.
Company Benefits
Competitive Wages
401(k) Plan with Contribution Matching
Paid Time Off (PTO)
Company Paid Life Insurance
Medical, Dental, & Vision Coverage
Short Term Disability Plans
Optional Long-Term Disability
Optional Critical Illness, Accident, Legal, & Pet Coverage.
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FAQs
What's a Financial Project Manager's job description?
A Financial Project Manager is responsible for planning, organizing, and overseeing the financial aspects of projects within an organization. This role ensures projects are financially viable, meet deadlines, and align with the company's financial goals. Key responsibilities include managing budgets, developing financial forecasts, conducting financial analysis, and implementing cost-reduction strategies. Strong project management skills and the ability to communicate effectively with stakeholders are essential for success in this role.
What is the average salary of a Financial Project Manager?
The average salary of a Financial Project Manager is approximately $136,500 per year, with a range from $107,500 to $165,750 depending on experience and location.
How do I get a Financial Project Manager job?
To get a Financial Project Manager job, start by obtaining a bachelor's degree in business administration, accounting, finance, or a related field. Consider pursuing a master's degree for better opportunities. Gain at least five years of experience in financial planning, analysis, or project management. Develop skills in managing projects, financial modeling, and leading cross-functional teams. Familiarize yourself with ERP tools like SAP and Oracle, and enhance your proficiency in Microsoft Office, especially Excel. Strengthen your analytical, organizational, and communication skills, and focus on strategic planning to align project goals with financial objectives. Finally, ensure you can manage multiple projects effectively while adhering to schedules and budgets.
What are the job duties of a Financial Project Manager?
A Financial Project Manager is responsible for managing all financial aspects of projects, including budgeting, forecasting, and cost management. Key duties include developing financial forecasts, providing budget support and analysis, overseeing operating budgets and financial reports, and identifying cost-saving opportunities. They lead financial analysis to resolve complex issues, ensure compliance with regulations, and participate in strategic planning. Additionally, they communicate project goals and timelines to stakeholders, manage expectations, coordinate cross-functional teams, analyze financial data for decision-making, and maintain knowledge of relevant tax laws. Overall, they ensure projects are financially beneficial and adhere to established processes for managing risks and changes.
How much does a Financial Project Manager make per hour?
A Financial Project Manager typically earns between $51.73 and $79.66 per hour, based on an average annual salary of approximately $136,500.
Is a Financial Project Manager job fullfilling?
A Financial Project Manager job can be fulfilling for those who enjoy strategic planning, problem-solving, and working with numbers. It offers opportunities for career growth, collaboration with diverse teams, and the satisfaction of driving financial success in projects. However, fulfillment varies based on individual interests and work environment.
How long does it take to become a Financial Project Manager?
Becoming a Financial Project Manager typically takes around 5 to 7 years. This includes obtaining a bachelor's degree in finance or a related field, gaining at least five years of relevant experience in financial planning or project management, and potentially pursuing a master's degree for advancement. Skills in financial modeling, project management, and proficiency with ERP tools are also essential for this role.
Is there a demand for Financial Project Managers?
Yes, there is a strong demand for Financial Project Managers as organizations increasingly seek professionals who can effectively manage budgets, resources, and timelines for financial projects. This role is crucial for ensuring financial objectives are met while maintaining compliance and optimizing performance.
What are Financial Project Manager career paths?
Financial Project Manager career paths typically include roles such as Senior Financial Analyst, Finance Manager, Project Director, and Chief Financial Officer. Professionals may also transition into specialized areas like risk management, investment analysis, or financial consulting. Advancement often involves gaining experience in project management, financial strategy, and leadership skills. Networking and obtaining relevant certifications can further enhance career progression.
What are the job responsibilities of a Financial Project Manager?
A Financial Project Manager is responsible for managing all financial aspects of projects, including budgeting, forecasting, and cost management. Key duties include developing financial forecasts, providing budget support and analysis, overseeing operating budgets and financial reports, and identifying cost-saving opportunities. They lead financial analysis to resolve complex issues, ensure compliance with financial regulations, and communicate project goals and timelines to stakeholders. Additionally, they coordinate cross-functional teams, analyze financial data for decision-making, and manage risks and changes throughout the project lifecycle. Maintaining knowledge of relevant tax laws is also essential.
What are the requirements to get a Financial Project Manager job?
To secure a Financial Project Manager position, candidates typically need the following requirements:
1. Education: A bachelor's degree in business administration, accounting, finance, or a related field is essential; many employers prefer a master's degree.
2. Experience: At least five years of experience in financial or strategic planning, analysis, or project management.
3. Project Management Skills: Proven ability to manage projects, including development, implementation, reporting, and risk management.
4. Financial Modeling: Experience in financial modeling and presenting findings to management.
5. ERP Proficiency: Familiarity with ERP tools like SAP and Oracle.
6. Analytical Skills: Strong analytical, organizational, and communication skills are crucial.
7. Problem-Solving: Ability to analyze complex problems and conduct comprehensive risk assessments.
8. Software Knowledge: Proficiency in Microsoft Office, especially Excel, and other financial software.
9. Attention to Detail: A detail-oriented approach to ensure accuracy in financial reports and statements.
10. Strategic Planning: Skills to align project goals with the organization's financial objectives.
11. Multitasking: Capability to manage multiple projects while adhering to schedules and budgets.
Are there entry level Financial Project Manager jobs?
Yes, entry-level Financial Project Manager jobs exist. Typically, these positions require a bachelor's degree in finance, business administration, or a related field. Key skills include strong analytical abilities, effective communication, proficiency in project management software, and basic financial analysis. Internships or relevant coursework can enhance qualifications. Familiarity with budgeting and financial reporting is also beneficial.
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