Hr Finance Manager Job Description

financial manager job description

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Job Title: HR Finance Manager

Department: Human Resources

Reports To: Director of Human Resources

Summary:

We are seeking a highly motivated and detail-oriented HR Finance Manager to oversee the financial aspects of our human resources department. The HR Finance Manager will be responsible for budgeting, forecasting, financial analysis, and reporting related to all HR activities. This role requires a strong understanding of HR operations, finance principles, and excellent analytical skills.

Responsibilities:

Budgeting and Forecasting: Develop and manage the annual HR budget, including compensation, benefits, training, recruitment, and other HR programs. Prepare monthly and quarterly budget forecasts, analyzing variances and recommending corrective actions.
Financial Analysis: Conduct in-depth financial analysis of HR programs and initiatives, evaluating their cost-effectiveness and return on investment. Develop financial models to support HR decision-making and strategic planning.
Payroll Oversight: Collaborate with the payroll department to ensure accurate and timely payroll processing, compliance with tax regulations, and proper accounting for employee compensation.
Benefits Administration: Manage the financial aspects of employee benefits programs, including health insurance, retirement plans, and other employee perks. Analyze benefit costs, negotiate with vendors, and ensure compliance with relevant regulations.
Compensation Management: Assist in the development and administration of compensation programs, ensuring competitive and equitable pay practices. Analyze salary data, conduct market research, and provide recommendations for salary adjustments.
Reporting and Compliance: Prepare and analyze HR financial reports, including headcount reports, turnover reports, and compensation reports. Ensure compliance with all relevant financial regulations and reporting requirements.
Audit Support: Support internal and external audits related to HR financial activities, providing documentation and explanations as needed.
System Implementation and Maintenance: Participate in the implementation and maintenance of HRIS (Human Resources Information System) and other HR technology platforms, ensuring data integrity and accurate financial reporting.
Collaboration: Collaborate with HR colleagues, finance department, and other stakeholders to ensure effective communication and alignment on financial matters.
Process Improvement: Identify opportunities to improve HR financial processes and systems, streamlining workflows and increasing efficiency.

Qualifications:

Bachelor’s degree in Finance, Accounting, or a related field.
Minimum of 5 years of experience in financial analysis, budgeting, or accounting, with at least 2 years of experience in HR finance.
Strong understanding of HR principles and practices.
Excellent analytical and problem-solving skills.
Proficiency in financial modeling and data analysis.
Experience with HRIS systems (e.g., Workday, SAP SuccessFactors).
Strong communication and interpersonal skills.
Ability to work independently and as part of a team.
Detail-oriented and highly organized.

Preferred Qualifications: