It’s all about the people.
Interviewing a Finance Manager involves assessing both their technical skills and behavioural traits.
As the financial landscape continues to evolve, it’s crucial to ensure that your candidates possess the necessary technical expertise and demonstrate strong interpersonal and leadership abilities.
This comprehensive approach will help you identify the ideal candidate who can drive your organisation’s financial success.
Here are ten top questions you can ask, tailored specifically for Finance Manager roles.
What are the key financial regulations and standards applicable in Australia that a Finance Manager must be aware of?
This assesses their knowledge of local compliance requirements and regulatory environment.
Can you explain the financial reporting requirements under Australian Accounting Standards (AASB)?
Evaluates their understanding of specific reporting standards they will need to adhere to.
Describe a time when you implemented a new financial system or process. What challenges did you face and how did you overcome them?
Looks at their technical proficiency and problem-solving abilities in system implementation.
How do you approach budgeting and forecasting in a dynamic business environment?
Assesses their strategic planning and adaptability in financial forecasting.
Explain how you manage cash flow in a high-growth company.
Tests their ability to handle liquidity and cash flow management in a growing business.
Tell me about a time when you had to lead a team through a significant change. How did you ensure everyone was on board?
Evaluates leadership skills and ability to manage change effectively.
How do you prioritise your tasks when you have multiple deadlines to meet?
Assesses time management and organisational skills.
Describe a situation where you had to work with a difficult stakeholder. How did you handle it?
Tests their interpersonal skills and ability to manage stakeholder relationships.
What steps do you take to stay current with the latest trends and developments in finance?
Looks at their commitment to professional development and staying updated in their field.
Can you give an example of a time when you identified a significant financial risk to the company? How did you address it?
Evaluates their risk management skills and proactive approach to identifying and mitigating risks.
Bonus Tip: You can also consider a situational question based on a recent financial news story relevant to your industry to gauge the candidate's analytical and problem-solving skills.
We hope these questions help.
For further insights, recruitment needs or to understand the current market, please reach out to one of our Directors, Richard Holmes, on 0403 513 720 or richardh@hprconsulting.com
