We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What Is a Financial Operations Manager?

Mary McMahon
Updated Mar 03, 2024
Our promise to you
Practical Adult Insights is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At Practical Adult Insights, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

A financial operations manager is a finance professional who oversees the conduct of financial activities at a firm or financial institution. The nature of the position can vary, depending on a person's job title and the employer. Generally, financial operations managers are tasked with activities like preparing financial reports, developing strategies for investment, overseeing financial transactions, and working with members of the public who interact with the company's finance department. This work usually requires a bachelor's degree at a minimum.

A person with a BA in finance, accounting, or a related field can often find work. Having a master's degree, especially a master's in business administration, is even more helpful. In addition to having educational requirements, most positions also come with an experience requirement, with employers preferring applicants who have worked in financial management positions before. It can also be helpful to have good communications skills and the ability to work in varied environments because the operations manager may need to travel to other locations as part of the work.

In banks and other financial institutions, separate financial managers can oversee different departments like loans, investment accounts, basic checking and savings, and so forth. These managers oversee staff, prepare department reports, and review daily operations to confirm that the bank complies with the law, as well as standard and accepted practices. Bank staffers may need continuing education to keep up with regulations and trends in the industry.

The financial operations manager can also work at a company in another industry, overseeing financial activities including seeking investors, credit applications, banking, and so forth. Financial operations managers are responsible for securing financing for company activities, managing company funds responsibly, and getting payments out to creditors, although they may delegate activities to their staffs. They are also involved in the development of long term investment and other financial planning.

This work requires interest in finance and accounting, along with a head for numbers. A financial operations manager can make a large salary, especially with an advanced degree, and often receives access to valuable employee benefits as well. People with experience can transition to other companies with better benefits and pay if they become dissatisfied with companies they work with, and it is not uncommon for companies to actively recruit talented financial operations managers with good reputations in the industry. A skilled financial manager may be able to negotiate a recruitment bonus for switching employers, or can use the threat of recruitment to get a raise with a current employer.

Practical Adult Insights is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Mary McMahon
By Mary McMahon

Ever since she began contributing to the site several years ago, Mary has embraced the exciting challenge of being a Practical Adult Insights researcher and writer. Mary has a liberal arts degree from Goddard College and spends her free time reading, cooking, and exploring the great outdoors.

Discussion Comments
Mary McMahon
Mary McMahon

Ever since she began contributing to the site several years ago, Mary has embraced the exciting challenge of being a...

Learn more
Practical Adult Insights, in your inbox

Our latest articles, guides, and more, delivered daily.

Practical Adult Insights, in your inbox

Our latest articles, guides, and more, delivered daily.