Explore Careers - Job Market Report

in
Financial Managers  (NOC 0111)
Northwest Territories
Description |  Titles |  Duties |   Related Occupations

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. They are employed in financial and accounting departments in companies throughout the private sector and in government.

controller, director – financial services, director of accounting, finance director, financial administrator, manager, financial control, manager, financial planning and analysis, manager, internal audit services, treasurer.

Financial managers perform some or all of the following duties:
  • 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 co-ordinate the preparation of financial statements, summaries, and other cost-benefit analyses and financial management reports
  • Co-ordinate 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.
Included Cities in Region | Service Canada Offices

Wages for Financial Managers in Northwest Territories

Wages depend on job requirements and work conditions. They also vary between regions, for reasons such as location, labour agreements, and the availability of workers. The wages below are estimated before taxes.

Wage Estimates

Table of wage levels for your chosen occupation in your region as well as in the rest of the province or territory.
Location Wage ($/hr) Note
Low Median High
Northwest Territories 21.83 34.57 55.50 NoteLink opens in a new window
Reference Period: 2006
Source: 2006 Census - Statistics Canada
Please consult the Northwest Territories and Canada tabs for more useful information related to wages.