Immigrate to Canada as a Financial manager
Financial managers are in demand right across Canada and you may be able to secure a Canadian Permanent Residency Visa either with or without a job offer.
There are thousands of Financial managers just like you moving to Canada. Find out how to join them. Canada needs more Financial managers. If you are thinking about moving to Canada as a Financial manager, all the information you need is right here.
Financial managers are wanted in Canada
Did you know that Financial managers are one of the most in-demand jobs in Canada? Financial managers are in high demand in all 11 of Canada’s provinces and territories, and as a highly-skilled professional, you can expect to earn between $71600 and $114900 per year.
When considering Canada as your new home, there are not only numerous immigration options for you to choose from, but plenty of job opportunities too.
Jobs in Canada for Financial managers
One of the biggest questions when moving to Canada is “will I be able to find work as a Financial manager in Canada?”. The simple answer is Yes, you will! (Of course each Financial managers level of training and experience is a core factor, as is the case in any country.)
Below are answers to some of the most frequently asked questions about jobs in Canada for Financial managers.
Is There Really a Demand for Financial managers in Canada?
Yes there is! As mentioned previously, you can immigrate to Canada as an experienced Financial manager with a high chance of finding employment in any of Canada’s 11 provinces. These job opportunities can be found in:
- British Columbia
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Prince Edward Island
Over the next few years, it is estimated that there will be 27000 new jobs created due to expansion and a need for replacement as well as 34000 new positions for graduates and immigrants to fill who want to live and work in Canada.
This is why Canada needs Financial managers. You really can be moving to Canada as a Financial manager
How Much Do Financial managers Earn in Canada?
Salaries in Canada are very competitive and, as an experienced Financial manager, you can expect to earn between $71600 and $114900 per year.
How do I search for Financial manager positions in Canada?
Most Financial manager jobs in Canada are advertised online on jobs sites. Often, a code is used to identify Financial manager jobs. These codes are used across Canada to identify all kinds of occupations.
The codes are called NOC codes. The NOC code for Financial manager is 0111. There are a range of positions that are associated with Financial managers.
These are occupations many Financial managers also participate in. If you work in or are employed as any of the following positions, you are covered by the overarching noc code of 0111 for Financial managers
Financial managers plan organize direct control and evaluate the operation of financial and accounting departments. They develop and implement the financial policies and systems of establishments. Financial managers establish performance standards and prepare various financial reports for senior management. They are employed in financial and accounting departments in companies throughout the private sector and in government.;
Further Positions within the term of Financial manager include:
- Accounting and financial control chief
- Accounting and financial control director
- Accounting department manager
- Accounting director
- Accounting manager
- Accounting manager – financial services department
- Accounting office manager
- Assigned public accountants chief
- Assistant accounting manager
- Assistant treasurer – finances
- Audit and compliance director
- Auditing department manager
- Budget and sectoral profitability director
- Collections department manager
- Controller – financial services
- Corporate budgeting and analysis manager
- Corporate controller
- Corporate financing manager
- Corporate risk department manager
- Director – financial services
- Director of accounting
- Director-treasurer – financial services
- Finance and control manager
- Finance chief
- Finance director
- Finance manager
- Financial administrator
- Financial audit manager
- Financial control manager
- Financial controller
- Financial director
- Financial evaluations director
- Financial manager
- Financial planning and advisory service manager
- Financial planning and analysis manager
- Financial planning and reporting director
- Financial planning and reporting manager
If your position is on the above list, you have found your relevant NOC Code, it is 0111
How Do I Move to Canada to Live and Work as a Financial manager?
Step 1 : Determine you are eligible to immigrate
The simplest way to do this is to take our free visa assessment. There are more than 80 visa pathways to Canada. Once you take your visa assessment we will be able to guide you as to which is the best path for your particular circumstances.
Step 2: Have Your Qualifications Accredited for Canada
In order to live and work in Canada as a Financial manager, you will need to have your qualifications that you earned outside of Canada accredited and ensure that it is recognized in Canada.
An Educational Credential Assessment (ECA) confirms that your degree, diploma or certificate is both valid and equal to Canadian standards. This is vital as it will allow you to claim the Permanent Residency points for your education and training and might also be required for employment, professional registration within Canada and Canadian immigration services.
Below is a list of designated organizations that are licensed to do your assessment:
- Comparative Education Service – University of Toronto School of Continuing Studies;
- International Credential Assessment Service of Canada;
- World Education Services;
- International Qualifications Assessment Service (IQAS); and
- International Credential Evaluation Service.
Educational and experience requirements for Financial managers include:
- A bachelor’s degree in business administration economics commerce or a related field is required.
- A master’s degree in business administration (concentration in finance) or another master’s level management program may be required.
- Several years of experience in accounting auditing budgeting financial planning and analysis or other financial activities are required.
- Accounting and audit managers may require a recognized accounting designation (CPA CA CPA CMA or CPA CGA).
You may be required to provide a range of documentation and references to prove your abilities and experience during your evaluation process for Canadian Immigration.
Step 3: Start the Migration Process, apply for your Canada Visa
There are many routes you can take when moving to Canada as a Financial manager but we’ve listed the top 4 ways that will give you the greatest chances of success in the application process:
- Express Entry system
- Provincial Nominee Program
- The Rural and Northern Immigration Program
- The Atlantic Immigration Pilot
1. Express Entry
The Express Entry (EE) system is our top choice for moving to Canada as a Financial manager. Not only is it the fastest but it is also one of the simplest ways to immigrate to Canada. With the right age, language skills in French and/or English, qualifications and other criteria you could be moving to Canada fast, you could be on your way to Canada in 6 months.
The first stage in your Canadian Express Entry immigration process is to calculate your Canada Immigration points for Express Entry using the Canadian Comprehensive Ranking System (CRS).
Some of the elements that CRS Points are awarded for include:
- English ability
- French ability
- Your partner’s skills
- Work experience
Take our free online visa assessment for an up to date report on whether you have enough points to move to Canada as a Financial manager from both an Express Entry and Immigration points perspective.
2. Provincial Nominee Program
The Provincial Nominee Program (PNP) allows skilled and semi-skilled immigrants to live and work in Canada. You will need a valid job offer in Canada of at least 1 year for most immigration streams. 11 provinces and territories have their own PNPs, each with their own with specific labor needs.
If your skills match what your chosen province or territory is looking for, you may receive a provincial nomination, which is worth 600 extra Permanent Residency points which means that you’re practically assured of an offer for Canadian permanent residence.
3. The Rural and Northern Immigration Pilot
Seeing as Financial managers are in-demand you may be eligible to immigrate to Canada through the Rural and Northern Immigration Pilot (RNIP). There are 11 participating communities currently participating in the pilot program. You will need a valid job offer in one of the participating communities to be considered eligible to apply for Canadian permanent residency through the RNIP.
4. The Atlantic Immigration Pilot
The Atlantic Immigration Pilot allows intermediate to highly and semi-skilled foreign workers to move to Canada’s Atlantic provinces and seeing as Financial managers are in high need in the 4 Atlantic provinces, you may be eligible to apply if you have a valid job offer for at least 1 year.
Step 4: Apply for a Financial manager Job in Canada
As a highly skilled worker, it is not a requirement that you have a job to be able to immigrate to Canada but it will make it faster. It will help with the immigration process as you can earn between 50 and 200 PR points for a valid job offer. This moves you ahead in the pool of candidates, as the more points you have the more chance you have of receiving an invitation in one of the many offer rounds made within the Canada Visa System.
Financial managers in Canada are described as doing the following:
- Plan organize direct control and evaluate the operation of an accounting audit or other financial department
- Develop and implement the financial policies systems and procedures of an establishment
- Prepare or co-ordinate the preparation of financial statements summaries and other cost-benefit analyses and financial management reports
- Co-ordinate the financial planning and budget process and analyze and correct estimates
- Supervise the development and implementation of financial simulation models
- Evaluate financial reporting systems accounting procedures and investment activities and make recommendations for changes to procedures operating systems budgets and other financial control functions to senior managers and other department or regional managers
- Recruit organize train and manage staff
- Act as liaison between the organization and its shareholders the investing public and external financial analysts
- Establish profitability standards for investment activities and handle mergers and/or acquisitions
- Notify and report to senior management concerning any trends that are critical to the organization’s financial performance.
You can expect to see these terms in Job ads in Canada for Financial managers along with the following common tasks, duties and responsibilities of Financial managers in Canada.
There has never been a better time to get moving to Canada as a Financial manager.
If you are looking to apply to move to Canada in a different occupation, you can find the information on our Canada Skilled Immigration Guides page.
If you are looking for a job in Canada – you can find a guide on each occupation and the job application procedure for Canada on our Canada Job Guides index.
As mentioned above you will need to attend the Canadian Embassy nearest you during your application process to live in Canada as a Financial manager. You can find the complete list of all Canadian Embassies Worldwide here.
Jacqueline Chow is an international immigration and visa expert with over 15 years of experience in the field. With a background in law and a passion for helping people, Jacqueline has built a reputation as a trusted and reliable source of information and advice on all aspects of immigration and visas. She has worked with clients from all over the world, including high-net-worth individuals, professionals, skilled workers and families. As a sought-after speaker and commentator Jacqueline has been featured in various media outlets and has given talks on immigration and visas at conferences and events around the world.