Financial Reporting Manager Job Questions & Answers

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I recently interviewed for a Financial Analyst position where I did very well. After meeting with a bunch of people, I began to realize the position would have mundane financial reporting, but began to perk up the more the higher ups talked about some of their goals for automation, which I have a ton of experience doing. They loved it and are nearing an offer stage. In order to lure me away from a competitor, they have now actually changed the job duties to match my talents for automating processes first and doing reporting second. If they show this much interest, is it reasonable to think they may come in higher than where my recruiter submitted me? I'm truly excited, but I am also not afraid to negotiate my salary, knowing they really want my unique skills that will serve them well. I would love some feedback from hiring managers, HR personnel, or people that have been in a similar situation. I really appreciate it! :)
2 answers - Asked By: Geoff - 3/16/2013
I recently took a position with an insurance company as a Financial Analyst. It doesn't seem to be the same structure as in a banking firm. As a Financial Analyst, I report to an Accounting Manager, and he in turn reports to the Controller. As opposed to a banking firm, where I could go from Financial Analyst I to Financial Analyst II and beyond, it seems like the room for growth as a Financial Analyst in the insurance industry is a bit stifled. Are there other positions where people in Finance go into at insurance companies? I'm just trying to wrap my mind around what my future might look like. Any ideas would be greatly appreciated! Especially from those that work in insurance and related fields! :) I am thinking about going into the statistical side of finance. I am not sure if I want to pursue actuary positions or possibly portfolio manager positions. I have a degree in economics and I find the accounting-intensive position to not be very challenging. It's nothing like the 4 semesters of calculus or 3 semesters of grad level stats courses I had to take to get my degree. Am I pigeonholing myself by working in insurance? Being that we follow SAP as opposed to solely GAAP, I'm beginning to wonder if that predisposes one to the insurance industry.
1 answer - Asked By: Geoff - 4/13/2013
13. Which of the following are groups of small investors seeking to make profits on companies with rapid growth potential? A) equity managers B) community banks C) stock brokers D) venture capital companies E) government securities dealers 14. Which statement is true regarding independent agents? A) They are usually based at domestic offices. B) They usually specialize in a particular product. C) They act as sales representatives. D) They do not monitor or address customer satisfaction. E) They represent one firm at a time. 15. Which is the best explanation for why standard of living only increases through productivity? A) Purchasing power increases when there is more consumer choice. B) The more goods that are available, the lower prices will be. C) More goods are available without having to come by additional resources. D) Productivity increases the money supply in an economy. E) Prices are determined by the standard of living. 16. Who constitutes the membership of SCORE? A) venture capitalists B) successful entrepreneurs C) commercial lenders D) retired executives E) company officers 17. Honata Automobiles is a South Korean-owned company. Honata has factories in Indonesia and Brazil. Which of the following is/are affected by the production of Honata automobiles? A) Indonesia, Brazil, and South Korea's GNP B) South Korea's GDP C) Indonesia and Brazil's GDP D) Indonesia, Brazil, and South Korea's GDP E) Indonesia and Brazil's GNP 18. Suppose that the United States requires that products sold here be at least 51 percent made here. Which of the following denotes this type of policy? A) deregulation law B) local content law C) business practice law D) strategic alliance E) business practice law 19. Which of the following resulted from NAFTA? A) U.S. exports to Mexico have decreased. B) U.S. exports to Mexico have increased. C) Companies from other countries, such as Japan, have made fewer business investments in North America. D) More U.S. jobs were eliminated than what was originally predicted. E) More jobs have been created than what was originally predicted. 20. What does the Sarbanes-Oxley Act of 2002 require a chief financial officer to do? A) prevent insider trading B) guarantee the accuracy of financial reporting C) hire a forensic accountant D) engage in strategic management E) oversee the implementation of ethical standards
1 answer - Asked By: Muff - 10/21/2012
About to graduate from a local community college this summer. What jobs are available to me with the degree I will have in social work? I want to continue my education at a university and hopefully work a job in my field at the same time.
2 answers - Asked By: Trucksr4girls91 - 7/27/2011
I have an undergraduate degree in psychology and I'm currently looking for a job where I can utilize my skills without having to go back to school for a masters degree. I work in a regular office setting right now doing odd jobs for the company. What are the best jobs to look for where I can actually use my degree?
3 answers - Asked By: - 4/5/2010
I am taking a degree and want to know what jobs i can get with all three degrees combined or separate on their own.
2 answers - Asked By: Nicole Marie - 10/23/2009
The manager at a bbb accredited roofing company really wants me to work there, as I have excellent exlerience in sales. Anybody know what its like?
1 answer - Asked By: Angel - 8/26/2011
I am doing Mba , i am in 3rd semester now and want to choose finance but my teachers says that marketing has good scope and there is lack of good jobs in finance.
4 answers - Asked By: Nitin - 12/7/2012
Im their Systems Financial Manager and handle all their Accounts Payable's and a list of other stuff. They are having me report to a new AR manager who has only been here 6 weeks and doesnt know much about her job ? My old boss who I did report 2 was the VP of Financial Services. I know more about the job then this new employee b/c I've been here for 2 years why would they do that??
1 answer - Asked By: dohcgsr2000 - 12/10/2007
I will be out of college with a degree of Business Administration with concentrations in Finance and Accounting. I am looking for a job right now. What are some places I should look at and what positions do I apply for? (Obviously I wont' get be a CFO out of college.) Thanks for all your help!
1 answer - Asked By: fiestababy05 - 7/4/2008
My boyfriend just got a job offer from Fifth Third Bank to be an Assistant Branch Manager. However, his credit is pretty bad. He can't even get an apartment. So, my question is, will they withdraw the offer after they check his credit. Or have they already done so prior to making the offer? Just don't want to get my hopes up for a better job for him and he won't even be able to take it.
1 answer - Asked By: Jamie - 2/5/2012
I am currently going through interviews regarding a private banker position at a regional bank. For the past 4 years I have been working as a financial advisor on a commission only basis and have been stressed to find new clients day in and day out. What do I have to do when taking the position? Will I need to start from scratch or will I be working off of a base of people they have already?
5 answers - Asked By: randomfacts22 - 3/21/2008
Include suggested answer if possible, please. QUALIFICATIONS: (1) min. Bachelor in Business or Public Admin., (2) 5 yrs supervisory experience, (3) deal with range of stakeholders ORGANIZATION: publicly funded, not-for-profit Responsibilities include: FINANCIAL-prep. financial info for board, prep. annual budget & ops plan, review claims, participate in audits OPERATIONS-establish customer service standards, special projects (e.g., corp structure, activity reports, set up financial reporting systems), facilities, security, & IS planning, policies and procedures, personnel (e.g., perf. reviews, recruit, supervise admin and bookkeeping staff, etc.) I'm hoping for skill-specific questions (operations and finance). I have all sorts of other resources for the standard interview questions (e.g., how do you handle stress).
2 answers - Asked By: Taramasu2U - 11/20/2006
I am planning to pursue a masters degree in the U.S. I am from an engineering background(doing my bachelors in electronics engineering) but I am more interested in pursuing masters in any field other than engineering. I am planning to take my G.R.E general exam.Can any one tell me the list of courses(like with arts flavor and even financial flavor) with good employment opportunities after I did my masters?
2 answers - Asked By: tate - 9/23/2007
What can i do with a degree in economics? i have no problem relocating or going to work for the government. i have manager experience and also 2 years of volunteer work done in the philippines where i learned 4 dialects fluently.
2 answers - Asked By: thestach1 - 12/18/2007
Applied for this job - Administration Officer - (for a Recruitment firm) Job duties: Our Singapore team is experiencing an exciting expansion plan and requires a professional with the ability and hunger to cover the following tasks Coordinating reports Monitoring key performance indicators Assisting with financial projects General administration duties Internal recruitment /involvement in business expansion Handling PR projects/ social activities Requirements - Hands on and able to hit deadlines Proactive individual who gets things done Enjoys being creative and suggesting new ideas to improve business processes Energetic and "can do" approach to work I went for the interview and after a few days, I wrote to them to follow up and was told - "we have decided not to take things further with you for this position". Then I went to take a look at their website and noted this - the same position (same job description) but title different - OFFICE MANAGER/PR MARKETING MANAGER What can I do/write to make them reconsider me for this job? Their expansion plans fit in very well for me. The manager said that later I could move in HR/PR/Acounts etc. I told him that I had an interest in recruitment but the only area that I could not do was PR. However, I clarified what type of PR work (no need to speak to Media) was required, I told him that it would be no problem. Age group that I would be working with - younger than me. I said no problem. What to do? I really interested in working for them and growing with this company. Any suggestions? Can I ask him to re-consider? What should I write? Thanks for your suggestion Alex Smith. Actually, I haven't done alot of the things mentioned in the job description but I emphasized that I good in admin and support roles.
1 answer - Asked By: vano - 10/26/2012
2 answers - Asked By: msbasingat - 6/12/2006
I think I have a great idea for a non profit. I have great leads for financial help. Does a grass roots need tax ID for the people who donate money to get a tax break? Is there a way to solidify the name I intend to use with no money.
1 answer - Asked By: Kj - 5/15/2010
A large city government was putting on a number of seminars for managers of various departments throughout the city. At one of these sessions the topic discussed was motivation—how to motivate public servants to do a good job. The plight of a police captain became the central focus of the discussion: I’ve got a real problem with my officers. They come on the force as young, inexperienced rookies, and we send them out on the street, either in cars or on a beat. They seem to like the contact they have with the public, the action involved in crime prevention, and the apprehension of criminals. They also like helping people out at fires, accidents, and other emergencies. The problem occurs when they get back to the station. They hate to do the paperwork, and because they dislike it, the job is frequently put off or done inadequately. This lack of attention hurts us later on when we get to court. We need clear, factual reports. They must be highly detailed and unambiguous. As soon as one part of a report is shown to be inadequate or incorrect, the rest of the report is suspect. Poor reporting probably causes us to lose more cases than any other factor. I just don’t know how to motivate them to do a better job. We’re in a budget crunch, and I have absolutely no financial rewards at my disposal. In fact, we’ll probably have to lay some people off in the near future. It’s hard for me to make the job interesting and challenging because it isn’t-it’s boring, routine paperwork, and there isn’t much you can do about it. Finally, I can’t say to them that their promotions will hinge on the excellence of their paperwork. First at all, they know it’s not true. If their performance is adequate, most are more likely to get promoted just by staying on the force a certain number of years than for some specific outstanding act. Second, they were trained to do the job they do out in the streets, not to fill out forms. All through their careers the arrests and interventions are what get noticed. Some people have suggested a number of things, like using conviction records as a performance criterion. However, we know that’s not fair—too many other things are involved. Bad paperwork increases the chance that you lose in court, but good paperwork doesn’t necessarily mean you’ll win. We tried setting up the team competitions based on the excellence of the reports, but the officers caught on to that pretty quickly. No one was getting any type of reward for winning the competition, and they figured why should they bust a gut when there was on payoff. I just don’t know what to do.
1 answer - Asked By: Purujit Das - 7/15/2011
I am Japanese. Although I can't speak and write English so much, I am writing this question because I want to hear the real voice of you. In Japan, military sexual slaveries a very historical,deep, and seriouos problem. Korea, China, and other countries insist that military sexual slavery were there in the pacific war, and these countries ask Japan to apologize. However, some Japanese say and believe that "there were not military sexual slavery", those women choosed there job by themselves. So, Japan doesn't need to apologize. There are so many information. I don't know what is the truth, although I think Japan has not apologized about the pacific war to Korea, China, and other countries enough yet. Would you please give me your opinion as a third party? I am sorry for my poor English. I just want to hear your opinion about military sexual slavely in Japan as a third party. Thank you very much.
3 answers - Asked By: MK - 3/8/2013
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Financial Reporting Manager

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$65,000.00 - $126,000.00
Typical Salary for Financial Reporting Manager
(106 Respondents)
Source: Monster.com Careerbenchmarking Tool

Education / Training

Bachelor's
67.2%
Master's
31.2%
(64 Respondents)
Source: Monster.com Careerbenchmarking Tool

Financial Reporting Manager

Monitors financial performance by preparing and analyzing financial reports; improving reporting and analyzing processes; managing staff.
Rate of Growth
8.80 %
Size of Industry in 2006:
527,000
Source: Bureau of Labor Statistics, May 2006

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Analyzing Information
Cost Accounting
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