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

ANZSCOOccupationSkills Assessment189190485 491 (State)491 (Family)186 (Direct)407 (Training)494 (regional Sponsored)482 (TSS Short Term)
132211Finance ManagerCAANZx 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.

English Level

Must have IELTS atleast 5.0 with no band less than 4.5.

Age

There is no age requirement for this visa.

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.

Age

Must be under 45 years of age, unless exempt.

Be Sponsored

Must be sponsored by an Australian regional employer.

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 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

  • $2,286

    Weekly Earnings

  • 86%

    Work full time hours

  • Moderate

    Growth expected in the next 5 years

  • %1 female

    Gender share

  • 44 hours

    Average full-time

  • Medium skill

    Skill level rating

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.