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.
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
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.
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.