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Job trends – Canada – Finance officers

Posted on November 17, 2020
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Finance Officer Jobs in Canada

Finance officers maintain account books, verify financial transactions and do bookkeeping functions. They are employed both in public and private sector companies.

Finance officer-NOC 1311

Median wage per hour

The median wage for this profession is approximately 22 dollars per hour and the maximum median wage for this profession is in the Canadian province of Nunavut  which is 51.21 dollars per hour.

Community/Area Wages ($/hour)
Low Median High
Canada 15.00 22.00 35.00
Alberta 16.00 25.00 41.93
British Columbia 14.62 23.00 35.71
Manitoba 13.54 20.96 31.00
New Brunswick 13.39 20.83 31.97
Newfoundland and Labrador 12.50 19.23 33.65
Northwest Territories 24.50 42.82 62.36
Nova Scotia 12.55 20.00 28.85
Nunavut 26.43 51.21 64.66
Ontario 15.00 22.60 35.00
Prince Edward Island 13.00 18.00 27.50
Quebec 14.74 20.67 30.77
Saskatchewan 15.00 23.08 33.00
Yukon Territory N/A N/A N/A

Skills required

  • Management skills
    • Supervision
  • Analytical skills
    • Analyze information
    • Planning
    • Projection of outcomes
    • Research and investigation
  • Communication skills
    • Advice and consultation
    • Professional communication
    • Teaching and Training
  • Business, Finance and Management skills
    • Accounting
    • Finance
  • Law and Public Safety
    • Law, Government, and Jurisprudence

3-year job prospect-The job prospect in the next three years for finance officers is fair in most provinces of Canada.

Location Job prospects
Alberta Fair
British Columbia Good
Manitoba Good
New Brunswick Good
Newfoundland and Labrador Fair
Northwest Territories Fair
Nova Scotia Fair
Nunavut Fair
Ontario Fair
Prince Edward Island Fair
Quebec Good
Saskatchewan Good
Yukon Territory Fair

10-year predictions

For this profession, 10% of the openings will remain vacant in the next ten years due to skill shortage.

Employment requirements

  • Completion of secondary school education is compulsory
  • Completion of a college program in accounting, bookkeeping or a related field or Completion of two years of any recognized professional accounting program or completion of courses in accounting or bookkeeping combined with work experience

Number of vacancies- There are 1093 job openings for finance officers in Canada at present.

Job responsibilities

  • Calculate and prepare payroll cheques
  • Reconcile accounts
  • Post entries to the journal
  • Maintain financial records and general ledgers
  • Prepare books for trial balance
  • Calculate depreciation and fixed assets
  • Prepare reports on statistics, finance and accounting
  • Arrange for tax returns
  • Using manual and computerized bookkeeping systems to maintain financial records and develop, maintain and balance different accounts

Do you want to explore other Job Trends in Canada?

Here is a ready list for you.

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