In Summary - Financial Manager - EU
Financial Manager - EUs typically work in the following Career Sectors:
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The Work - Financial Manager - EU
The EU takes decisions that affect the daily lives of some 500 million people in 28 EU countries.
EU Financial Managers work with very complex financial structures and closely support senior decision-makers by:
- Defining financial and budget procedures
- Preparing annual reports and accounts
- Assisting with audits and inspections
- Managing organisational risk
- Supervising and mentoring colleagues
Contract staff may also be employed to carry out some finance tasks.
Most commonly reported Work Tasks
- Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
- Examine, evaluate, or process loan applications.
- Plan, direct, or coordinate the activities of workers in branches, offices, or departments of establishments, such as branch banks, brokerage firms, risk and insurance departments, or credit departments.
- Oversee the flow of cash or financial instruments.
- Recruit staff members and oversee training programs.
- Network within communities to find and attract new business.
- Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.
- Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
- Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping.
- Review collection reports to determine the status of collections and the amounts of outstanding balances.
Most commonly reported Work Activities
- Getting Information Observing, receiving, and otherwise obtaining information from all relevant sources.
- Selling or Influencing Others Convincing others to buy merchandise/goods or to otherwise change their minds or actions.
- Interacting With Computers Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
- Establishing and Maintaining Interpersonal Relationships Developing constructive and cooperative working relationships with others, and maintaining them over time.
- Performing for or Working Directly with the Public Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.
- Making Decisions and Solving Problems Analyzing information and evaluating results to choose the best solution and solve problems.
- Communicating with Persons Outside Organization Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
- Identifying Objects, Actions, and Events Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
- Organizing, Planning, and Prioritizing Work Developing specific goals and plans to prioritize, organize, and accomplish your work.
- Documenting/Recording Information Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
Interests - Financial Manager - EU
This occupation is typically suited for people with the following Career Interests:
Administrative people are interested in work that offers security and a sense of being part of a larger process. They may be at their most productive under supervisors who give clear guidelines and while performing routine tasks in a methodical and reliable way.
They tend to enjoy clerical and most forms of office work, where they perform essential administrative duties. They often form the backbone of large and small organisations alike. They may enjoy being in charge of office filing systems, and using computers and other office equipment to keep things running smoothly. They usually like routine work hours and prefer comfortable indoor workplaces.
The Investigative person will usually find a particular area of science to be of interest. They are inclined toward intellectual and analytical activities and enjoy observation and theory. They may prefer thought to action, and enjoy the challenge of solving problems with sophiscticated technology. These types prefer mentally stimulating environments and often pay close attention to developments in their chosen field.
The Linguistic's interests are usually focused on ideas and information exchange. They tend to like reading a lot, and enjoy discussion about what has been said. Some will want to write about their own ideas and may follow a path towards journalism, story writing or editing. Others will develop skills in other languages, perhaps finding work as a translator or interpreter. Most Linguistic types will enjoy the opportunity to teach or instruct people in a topic they are interested in.
The EU institutions are looking for candidates who are talented, motivated, and highly qualified in their field, and who have the following competencies in particular:
- Analysis and problem solving - Ability to identify the critical facts in complex issues and develop creative and practical solutions
- Communication – Communicate clearly and precisely both orally and in writing
- Delivering quality and results – Take personal responsibility and initiative for delivering work to a high standard of quality within set procedures
- Learning and development – Develop and improve personal skills and knowledge of the organisation and its environment
- Prioritising and organising – Prioritise the most important tasks, work flexibly, and organise own workload efficiently
- Resilience – Remain effective under a heavy workload, handle organisational frustrations positively, and adapt to a changing work environment
- Working with others - Work cooperatively with others in teams and across organisational boundaries and respect differences between people
An additional requirement for posts in the AD career bracket (administrators) is:
• Leadership – Manage, develop and motivate people to achieve results
Entry Requirements - Financial Manager - EU
EU Financial Managers must have:
- A good command of at least 2 European languages (one of which must be English, French or German)
- An appropriate degree (or be graduating this year) for entry at Grade AD 5
- Several years’ relevant experience, to join us at a more senior level (Grade AD 7).
Requirements may vary for contract staff.
|See: EPSO - European Personnel Selection Office - EU Career profiles - Finance|
Last Updated: December, 2016
Pay & Salary - Financial Manager - EU
Salary Range (thousands per year)* 52k - k
Monthly salaries in the EU Institutions range from around €2,600 per month for a newly recruited AST/SC 1 official to around €16,000 per month for a top level AD 16 official with over four years of seniority.
Each grade is broken up into five seniority steps with corresponding salary increases. Basic salaries are adjusted annually in line with inflation and purchasing power in the EU countries.
The salary for EU Financial Managers entering at Grade AD 5 is €4,349 per month and Grade AD 7 rises to €5,568 per month.
As the name may suggest the basic monthly salary is just the starting point to remuneration associated with EU jobs as an employee may be entitled to allowances. All payments are subject to relevant tax and charges.
Official Journal of the European Union & EPSO
Last Updated: April, 2015
* The lower figures typically reflect starting salaries. Higher salaries are awarded to those with greater experience and responsibility. Positions in Dublin sometimes command higher salaries.
Labour Market Updates - Financial Manager - EU
Employment growth was strong for this sector. While no evidence of shortages exists at present, the impact of Brexit is unclear.
National Skills Bulletin 2018
Useful Contacts - Financial Manager - EU
EU Careers - European Personnel Selection Office (EPSO)
European Movement Ireland
Public Appointments Service
European Parliament Information Office in Ireland