Finance Manager

Finance Manager

Finance Managers in the steel industry play a pivotal role in helping to steer the financial direction and stability of a company. They are responsible for financial planning, risk management, record-keeping, and financial reporting to higher management.

Progression from a Finance Manager position can lead to more senior roles like Chief Financial Officer (CFO), Finance Director, or senior consultancy positions within the finance and accounting field. You might decide to open your own firm.

What does a finance manager do?

Develops financial strategy, including risk minimisation plans and opportunity forecasting

Oversees, reviews, and adheres to the budgets for each business department

Ensures compliance with statutory law and financial regulations

Works with management to prepare the company's financial reports

Manages financial accounting, monitoring and reporting systems

Liaises with auditors to ensure annual auditing and monitoring is carried out

What qualifications do I need?

A career in finance within the steel industry often requires formal education and practical experience. Year 12 is preferred, with advanced studies in maths and English.

Examples of courses:

  • Certificate IV in Accounting and Bookkeeping 
  • Diploma of Accounting
  • Bachelor of Business (Finance or Accounting) 
  • Bachelor of Commerce (Accounting and Finance)
  • Master of Business Administration (MBA) with a focus on Finance

What skills do I need?

  • Teamwork and communication 
  • Problem solving and critical thinking 
  • Enjoy working with numbers and maths 
  • Organisation, planning and persuasion 
  • An aptitude for working with computers 
  • Enthusiasm, accuracy and precision

Average salary

Finance Managers in the steel industry can expect an average salary that ranges from $100,000 to $180,000 per year, depending on experience, qualifications, and the size of the company.

Why opt for a career in steel?

The steel industry has a profound impact on our daily lives. From the cars we drive, and the houses we live in, to the roads and bridges we travel across every day, the steel industry shapes our world. With a career in steel, students can play a part in this vital industry. Access our resources below to engage your students with the steel industry.