FinOps Financial Systems Engineer

Last Updated:
September 19, 2023

Job Description Overview

A FinOps Financial Systems Engineer job description focuses on managing the financial operations and systems within the Information Technology industry. This professional is responsible for creating financial structure and ensuring optimal performance of an organization's IT financial systems.

Key tasks include designing, implementing, and maintaining financial systems, as well as analyzing these systems to ensure efficiency, accuracy, and compliance with relevant regulations. These engineers also collaborate with other IT and financial teams to identify areas for improvement and create solutions that deliver the best value and financial results for the organization.

A FinOps Financial Systems Engineer should possess strong analytical, problem-solving, and programming skills, along with knowledge of finance, accounting, and IT concepts. Critical thinking and effective communication abilities are also essential for success in this role.

Overall, a FinOps Financial Systems Engineer plays a crucial part in facilitating an organization's financial planning, operations, and decision-making processes by ensuring seamless functionality and efficiency of their IT finance systems.

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Job Duties and Responsibilities

  • Maintaining and updating financial systems to ensure smooth operations for the company.

  • Collaborating with other IT team members and finance departments to integrate new tools or features into financial systems.

  • Analyzing and troubleshooting any software or hardware issues affecting the company's financial systems.

  • Developing customized reports and financial models to enhance the company's financial decision-making capabilities.

  • Ensuring financial data security by implementing and enforcing data protection policies and procedures.

  • Providing ongoing training and support to finance staff members, helping them effectively use financial systems.

  • Monitoring financial system performance, identifying areas for improvement, and recommending relevant solutions.

  • Keeping up-to-date on industry best practices and implementing innovative technologies to improve the company's financial systems.

  • Assisting in coordinating financial system audits, ensuring compliance with regional regulations and requirements.

  • Participating in the planning, testing, and implementation of financial system upgrades or migrations.

Experience and Education Requirements

To become a FinOps Financial Systems Engineer, one typically needs a combination of education and work experience. A bachelor's degree in computer science, finance, or a related field is often required. Some employers may accept an associate's degree or certification in a relevant program.

Hands-on experience is also important. This can be from internships, tech projects, or previous jobs. Companies usually seek candidates with a strong background in information technology (IT) and financial systems. Familiarity with programming languages, databases, and analytics tools is a big plus.

Overall, a mix of education and practical experience is essential for this role.

Salary Range

The FinOps Financial Systems Engineer salary range in the United States typically falls between $80,000 and $120,000 per year, depending on factors such as location, experience, and company size. On average, professionals in this role earn around $100,000 annually. In other countries, such as the United Kingdom, the expected salary for this position ranges between £45,000 and £75,000 (approximately $62,000 to $102,000). In Canada, the salary range is similar to that of the United States, with earnings between CAD $80,000 and $125,000 (roughly $61,000 to $96,000). Keep in mind that these numbers can vary and change over time due to market demand and other factors.

Sources:

  1. https://www.glassdoor.com/Salaries/financial-systems-engineer-salary-SRCH_KO0,24.htm
  2. https://www.payscale.com/research/UK/Job=FinancialSystemsEngineer/Salary
  3. https://www.payscale.com/research/CA/Job=FinancialSystemsEngineer/Salary

Career Outlook

The career outlook for a FinOps Financial Systems Engineer in the Information Technology industry is promising. This field is growing over the next 5 years. One reason is the increasing need for skilled professionals to manage complex financial systems. As businesses rely more on data-driven decision making, the demand for these engineers will rise. Also, new fintech companies and digital payment systems continue to grow. This growth means more jobs for FinOps Financial Systems Engineers. Overall, this career choice offers a bright future for those seeking opportunities in the tech industry.

Sources:

  1. https://www2.deloitte.com/us/en/insights/industry/financial-services/financial-services-industry-outlooks/financial-services-industry-trends.html
  2. https://www.spencer-ogden.com/industry-insights/2021-career-outlook--trends-to-look-out-for-in-fintech--blockchain-191277

Frequently Asked Questions (FAQ)

Q: What does a FinOps Financial Systems Engineer do?

A: They design, implement, and manage financial systems and software for efficient financial operations in IT companies.

Q: What skills are needed for this job?

A: Strong knowledge of finance, IT systems, software development, and problem-solving abilities are essential.

Q: Do I need a degree for this job?

A: Typically, a bachelor's degree in finance, accounting, or computer science is required.

Q: What industries need FinOps Financial Systems Engineers?

A: IT companies, financial institutions, and large corporations utilize these professionals.

Q: Can I work remotely as a FinOps Financial Systems Engineer?

A: Yes, many companies offer remote work opportunities in this field.


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