For anyone considering a career in the corporate world, it is widely known that any role related to finance can offer great potential.
Not only do you make a lot of money when you delve into finance, but you also gain experience that if accumulated, gives you a great advantage over other applicants.
But you probably already know this!
This though becomes so much better if Amazon is the company you have your eye on for a finance manager position.
Amazon offers so many great opportunities in so many amazing fields that could set the entire trajectory of your professional life.
When it comes to working, the professional aspect should not be the only thing that matters. The environment is important too. The environment sadly can either make you or break you.
Amazon has one of the best work environments you would possibly find. It is supportive, extremely helpful, and more than anything, fun!
Working at Amazon does not feel like the typical office which makes it hard to wake up in the morning, that is for sure.
For an opportunity this great, the stakes are obviously very high too.
Lucky for you, this article is here to come to your rescue if you want to absolutely ace all of your interviews for this position specifically.
Or if you are simply eyeing Amazon as a potential company to work at, and most importantly, if the finance manager position in terms of salary expectations, and duties interests you, then this is a perfect place to start.
This article will cover all of the important questions that might be roaming around your head, like the salary and how much to expect, what your responsibilities will be, and finally, the skillset you need to have to land the job!
An exciting read awaits you, please find more of this below and get your notebook ready!
Amazon Finance Manager Salary
This might be the most intriguing and motivating section for you, right? The reputation of Amazon and how generous it is when it comes to paying absolutely exceeds it.
That is why we made sure to put this section right where you can see it.
Well, according to a very trusted source, glassdoor, the salary for a finance manager at Amazon range is quite high.
However, the total payment for a mid-level finance manager sits at $240,265. This number is in fact divided between the base pay, which is $127,568 per year, and the additional pay (mostly in the shape of stock options), which is $112,697 per year.
You might be confused as to why this number changes. You’re probably also asking what those numbers depend on too.
We have the answers to that! A lot of things can actually affect this.
The first one is:
If your experience is limited, you will not be getting the same deal as someone who has been in the industry for a considerable amount of time.
This does not mean your total compensation package will be bad, but it will simply not be as high. So you could find yourself starting at a little less than $100,000.
The good news is, you could always expect more as you gain more experience in the field.
The company has different offers in different locations.
Your salary will depend on the location, so you should keep in mind that it might affect how much you would be getting.
If you are lucky enough though, your position could grant you the same pay across all locations (especially for high levels), but you will have to check with your employers first on that.
The salary in total is higher because it includes additional pay as we have mentioned above.
A part of this additional pay sometimes are bonuses (stock options), they are not a part of your salary but you would typically get your options released based on the vesting period.
Amazon Finance Manager Job Description
Now moving on to the core of the position, which is the description. If you are reading this, then you are most likely very familiar with the descriptions out there.
So we will try to make this a little easier for you to get through. What you need to know about the position of finance manager at Amazon are the nitty-gritty details.
The specific details will most likely be communicated to you by your manager as he or she will be able to give you specific details about the position according to what is needed.
However, it would not hurt to be knowledgeable of everything you can find before taking on your interview for the position.
To start with what is clear, the position of a manager -no matter the field or sector- means you have to do a lot of managing.
So what does managing require? Finance experience, leading, communicating, organizing, planning, and reporting. These will be at the core of the tasks required of you.
The micro-tasks will change depending on the project at hand that you will be overlooking, but it is important to keep in mind that regardless of the project your managing skills should be top-notch.
Being a leader is also one of the traits the company will search for when they are trying to hire you, so you have to prove your competency in that sector.
What Are The Duties/Responsibilities of a Finance Manager at Amazon?
We recognize that you probably would want to know what you’re getting yourself into. This is why…
The next section in this article will help you decipher your duties and responsibilities as a finance manager at Amazon.
If you are looking to work as a finance manager, then you should expect to work across different teams in order to combine that effort to deliver your best work.
The teams you will be expected to work with would be developers, perhaps a sales team, or marketing.
This is why we mentioned earlier that the exact detail will depend on the position itself.
However, we are trying to equip you with a range of expectations!
Analyze data for Management & Create Reports:
This will be the main duty of all the finance managers at Amazon. FMs at Amazon are excel wizards and it is very common to dig into excel sheets with thousands of lines of numbers each week to create meaningful reports that will affect the decision of Management on many topics.
Operating Within the Teams:
One of your responsibilities will be to maintain communication with the different teams you are working with so that everything can be managed accordingly.
This requires you to have good communication skills and you should also be able to express yourself quite clearly so that other team members do not get confused with what you’re asking of them.
That way you can not only stay updated on everything that is going on but also make sure to be on hand in case your intervention was needed.
Provide Career Coaching:
A part of your role as a manager is to manage the team you will be working with. Managing them means different things, and coaching them is one of those roles.
You basically serve as a role model to your team in showing them how to deliver professionally.
If done right, this reflects well on the team’s performance which therefore reflects well on you as a manager.
Plan and Analyze:
Planning is a big part of your job as a manager because you will have to plan the proper strategy and basically how you would like to do things to achieve the requirements needed of you.
Of course, when you plan, there will be results that you would have to analyze as a manager so you can report that to your seniors and go from there.
so, make sure your analytical skills are up to standard always.
What Skills Should a Finance Manager at Amazon have?
Now that you are getting to the end of the article, or perhaps close to the end, if this seems like a fit for you you might be wondering what skills you need to have in order to finalize landing this job.
Organizational skills in general are required of you to show your employer that you are reliable.
This position is not the easiest so naturally, it requires your utmost focus so you can deliver the best results.
You have to be able to organize different files, different strategies, and different schedules too without getting things mixed up or compromising anything.
After all, finance operations are very sensitive and the slightest mistake can cost a lot.
Good Under Pressure:
The position of a manager is charged and it might put you in a pickle sometimes, you need to know how to navigate it without letting stress get to you.
Your team in those times also needs your composure, so you have to be relaxed as they need you in order to be of help to them.
Willingness to Learn:
You might be a manager, however, learning opportunities can always help you become better.
Whatever your field might be, you will always be learning something new, so take it with open arms and enjoy the process!
As an Amazon Finance Manager, you must possess strong analytical skills, particularly when it comes to analyzing data.
Not only will you have to be able to interpret the financial information that’s presented to you, but you’ll also need to be able to use data-driven analysis to identify trends, forecast future performance, and assess risk.
This may include looking for opportunities for cost savings and revenue growth or simply deciphering the various financial components that make up your particular model.
As you know, financial planning is an integral part of the job of a finance manager. So, you will be responsible for developing and implementing financial plans that are tailored to the needs of your organization.
This includes creating budgets, forecasting future performance, and managing cash flow.
You’ll also need to be able to identify areas where cost savings can be made or where investments should be made in order to maximize returns.
Communication is one of the most important skills of any manager so make sure you have it. You need to be able to communicate effectively with your team, your seniors, and other stakeholders in order to get the job done.
You should also be able to ask the right questions, seek input from others, present information effectively, and listen to different points of view.
Being able to empathize with colleagues and customers, and see the big picture are integral communicational qualities for a successful Amazon finance manager.
A job title like a finance manager at Amazon requires more than just an understanding of financial regulations. To be successful in this role, one must also have strong business acumen and be able to effectively manage projects.
Additionally, being able to work independently as well as part of a team is essential for success. Also, having excellent attention to detail and the ability to multitask are both key traits that corporate finance managers should possess.
On top of that, proficiency with financial software and tools like Excel and financial planning software is invaluable. Without these skills, it would be impossible for a finance leader to deliver accurate and timely data for decision-making purposes.
Amazon Finance Manager Interview Questions
Interviews are probably the most important part of this article, more specifically the Amazon Interview Questions, this is what will truly show you how you can ace your interview and truly get to know the right things to say to win your interviewer over.
So, here are some of the questions you might be asked during your Amazon Finance Manager Interview:
- Tell me about your experience preparing and managing budgets.
- What will you bring to the role of finance manager?
- Tell me about the biggest budget you’ve managed to date.
- Describe the way your previous experience prepared you for this role.
- Tell me about the most significant financial advice you’ve ever given, and what was the outcome.
- Are you comfortable making and advising on important financial decisions?
- Tell me about your experience with risk management.
- Are you comfortable creating and presenting financial reports?
- Can you tell me about a time you had to communicate to executives that an error/loss had occurred? What happened? What did you learn from this experience?
- Describe your comfort level working independently and having this level of responsibility. Please explain why.
- What is your ideal process for setting up budgets?
- What is working capital?
- Please name three types of financial statements and describe their purposes.
- Please explain to me what appeals to you the most about this position.
Let’s answer some of the questions you might be asked during your Amazon Finance Manager Interview:
Q: Tell me about your experience preparing and managing budgets.
A: I have extensive experience in preparing and managing budgets. I have worked on a variety of projects, ranging from small-scale to large-scale.
As a finance manager, I was tasked with creating and managing budgets for each project. I was responsible for ensuring that the budget was accurate and up-to-date, as well as making sure that all expenses were accounted for.
I also had to ensure that the budget was in line with the overall goals of the project and that it was being used efficiently. Additionally, I had to monitor the progress of each project to make sure that the budget was being followed.
Q: What will you bring to the role of finance manager?
A: First of all, I have a strong background in finance and accounting. I have a deep understanding of financial concepts and principles, as well as the ability to analyze data and make informed decisions.
As the Finance Manager, my responsibilities will include overseeing daily financial operations within the organization and making sure all payroll, invoicing, and other financial processes are done properly and punctually.
Additionally, I need to manage all finance personnel within the team, comprising financial aides and accountants. Also, I will be responsible for preparing and presenting financial reports to the executive team.
I bring a wealth of experience in budgeting, forecasting, and financial analysis. I am also highly organized and have excellent communication skills. I am confident that my knowledge and expertise will be an asset to the organization.
Q: Tell me about the most significant financial advice you’ve ever given, and what was the outcome.
A: When I was a finance manager previously, the company formed a new finance team using junior-level employees.
Even though they have the potential to become great finance professionals, they lacked the experience and knowledge to make informed decisions. So, I decided to give them a piece of advice that would help them in their journey.
I advised them to always think ahead and plan for the future. This means that they should not only look at the current financial situation but also consider potential risks and opportunities that may arise in the future.
As a result, the team was able to make better decisions and plan for potential risks. This enabled them to be more prepared for any financial issues that may arise in the future.
So that’s it for today, we covered the topic of Amazon finance managers’ salaries, duties, and interview questions.
We hope this article has been helpful in understanding the role of a finance manager and what to expect when interviewing for the position.
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