Finance Manager – ANZSCO 132211
- Finance Managers plan, organise, direct, control and coordinate the financial and accounting activities within organisations.
- Skill Level
- 1
- Alternative Titles
-
- Chief Financial Officer
- Finance Director
- Financial Controller
Skills Assessment Requirement
Unless you are exempt in very limited circumstances, you are required to have a positive Skills Assessment to apply for the visas listed above.
Skills Assessment authority for Finance Manager is Chartered Accountants Australia and New Zealand (CAANZ). To have a positive skills assessment, you must meet the following criteria
- You must hold an Australian bachelor’s degree or 12 unit Australian master’s degree OR an overseas tertiary and/or professional membership qualification comparable to at least the level of an Australian bachelor’s degree
- You must successfully complete all mandatory competency areas that are relevant to your nominated occupation
- You must provide evidence that you have met the English language proficiency requirement
- For example, you must achieve a score of 7 or above for listening, reading, writing and speaking on the IELTS test
Potential Visa Pathways for Finance Manager
| ANZSCO | Occupation | Skills Assessment | 189 | 190 | 485 | 491 (State) | 491 (Family) | 186 (Direct) | 407 (Training) | 494 (regional Sponsored) | 482 (TSS Short Term) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 132211 | Finance Manager | CAANZ | x | √ | x | √ | x | x | √ | √ | √ |
Group: 1322 Finance Managers
- Description
- plan, organise, direct, control and coordinate the financial and accounting activities within organisations.
- Tasks
-
- determining, implementing, monitoring, reviewing and evaluating budgetary and accounting strategies, policies and plans in consultation with other Managers
- providing financial information and interpreting the implications for business performance and funding needs
- coordinating the development, implementation and monitoring of accounting systems
- directing the preparation of financial reports that summarise and forecast the organisation’s financial position such as income statements, balance sheets and analyses of future earnings and income
- assessing capital finance proposals and the financial status of operational projects
- advising on investment strategies, sources of funds and the distribution of earnings
- delivering long range profit forecasts, budgeting and financial reporting
- ensuring compliance with financial legislation and standards
- Skill Level
- Most occupations in this unit group have a level of skill commensurate with a bachelor degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification (ANZSCO Skill Level 1).
- Occupations in this Group
-
- 132211 Finance Manager
Subclass 190 visa– Skilled Nominated Visa & Subclass 491 visa – Skilled Work Regional (Provisional) Visa
To apply for visa subclass 190 and visa subclass 491, you need to have a nomination from the state/territory government where you want to live and work. Each State and Territory have individual requirements that must be met in order to receive nomination. (See below)
While the 190 visa is a permanent visa, subclass 491 visa gives you right to live and work in regional Australia for 5 years with a pathway to permanent residency through the subclass 191 visa.
Another difference between the 190 and 491 visa is that you can only apply for visa subclass 491 if you are living and working in regional areas in Australia, while it is not a requirement if you are applying for the 190 visa.
In summary, to be eligible for 190 visa, you need to meet the following criteria:
Immigration Points
Must score at least 65 points, or higher points if the state or territory requires.
English
Must have at least Competent English, i.e., IELTS 6.0 or equivalent, or higher if the state or territory requires.
Age
Must be under 45 years of age.
be invited
Must lodge an EOI and be invited by the state or territory and then apply for the visa.
Skills assessment
Must have positive skills assessment. Each occupation has a specific assessing authority.
HEALTH AND CHARACTER
Must meet health and character requirements.
To check if the state/ territory government requirements for your occupation, refer to the following links
State/ Territory |
Links to requirements |
| New South Wales |
|
| Victoria | |
| South Australia | |
| Western Australia | |
| Northern Territory | |
| Australian Capital Territory (ACT) | |
| Tasmania | |
| Queensland |
Subclass 482 visa – Temporary Skill Shortage (Short Term)
The Subclass 482 visa is a Temporary Skill Shortage visa that requires a sponsorship from an Australian employer. The TSS short term stream visa allows to your live and work in Australia for up to 2 years each time you are granted this visa. You may apply for two 482 visas in the short stream onshore and subsequent ones offshore, as long as the employer is willing to sponsor you. The TSS 482 short term stream does not have a path to permanent residency throught the 186 visa.
Experience
At least 2 years work experience in the nominated occupation.
English Level
Must have IELTS atleast 5.0 with no band less than 4.5.
Age
There is no age requirement for this visa.
Be Sponsored
Must be sponsored by an Australian employer.
Skills assessment
Generally not required unless on this list.
Health and Character
Must meet health and character requirements.
Subclass 494 visa – Skilled Sponsored Regional (Provisional) visa
You can apply for subclass 494 if you have a regional employer who is willing to sponsor you. To be eligible for this visa, you must have at least 3 years of working experience in your nominated occupation and have a relevant skills assessment. With this visa, there is a requirement that you must work for the employer who is sponsoring you.
This visa provides pathway to permanent residency through the 191 visa.
Experience
At least 3 years full-time work experience in the nominated occupation.
English
Must have at least Competent English, i.e., IELTS 6.0 or equivalent.
Be Sponsored
Must be sponsored by an Australian regional employer.
Skills assessment
Must have a positive skills assessment.
Location
Must live and work in regional areas in Australia.
407 Training Visa
The 407 visa a short stay visa for individuals to participate in occupational training or professional development in Australia. This visa is generally valid to stay in Australia for 2 years. Please note this visa is subject to condition 8102 which forbids work apart from the training that is specified in the visa application. You are also required to maintain health insurance whilst in Australia.
To be eligible for visa 407, you need to meet the following criteria:
GTE
You must prove that you genuinely stay in Australia for training and will depart when you complete the training.
English Level
Must have Functional English, i.e. IELTS overall 4.5 with no band less than 4, or equivalent.
Age
Must be over 18 years old.
Be Sponsored
You must be sponsored by an approved temporary activities sponsor – Can be an employer or a commonwealth agency
HEALTH INSURANCE
Must hold valid private health insurance.
Health and Character
Must meet health and character requirements.
Tasks:
- determining, implementing, monitoring, reviewing and evaluating budgetary and accounting strategies, policies and plans in consultation with other Managers
- providing financial information and interpreting the implications for business performance and funding needs
- coordinating the development, implementation and monitoring of accounting systems
- directing the preparation of financial reports summarising and forecasting the organisation’s financial position such as income statements, balance sheets and analyses of future earnings and income
- assessing capital finance proposals and the financial status of operational projects
- advising on investment strategies, sources of funds and the distribution of earnings
- delivering long range profit forecasts, budgeting and financial reporting
- ensuring compliance with financial legislation and standards
Job Outlook
Book a consultation with our Registered Migration Agents in Melbourne to find out more about your visa options and your path to Australian permanent residency or applying for citizenship.
