Home > Salary > Latvia > Financial Reporting Manager
A financial reporting manager is responsible for overseeing and managing the financial reporting activities of an organization. They are in charge of preparing and analyzing financial statements, ensuring compliance with accounting standards and regulations, and coordinating with internal and external auditors. The financial reporting manager plays a crucial role in providing accurate and timely financial information to key stakeholders, such as senior management, investors, and regulatory bodies. They also collaborate with other departments to gather and consolidate financial data, identify areas for improvement, and implement financial controls and procedures. This role requires strong analytical skills, attention to detail, and knowledge of accounting principles and financial reporting standards.
Estimated Yearly Salary: 40,881 EUR
Estimated Monthly Salary: 3,407 EUR
Estimated Weekly Salary: 786 EUR per week
Estimated Hourly Salary: 20 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 3,300 EUR
Estimated Weekly Salary: 762 EUR per week
Estimated Hourly Salary: 19 EUR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 41,025 USD
Estimated Monthly Salary: 3,419 USD
Estimated Weekly Salary: 789 USD per week
Estimated Hourly Salary: 20 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 40,881 EUR
Estimated Monthly Salary: 3,407 EUR
Estimated Weekly Salary: 786 EUR per week
Estimated Hourly Salary: 20 EUR per hour
By working as Financial Reporting Manager a person can save up to 2,559 USD per month or 30,705 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Estimated Yearly Salary for Financial Reporting Manager
Last revision of data: 2025-01-04
Data as of 2025
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Financial Reporting Manager salary in Latvia
Average Yearly Salary of Financial Reporting Manager in Latvia is approximately 40,881 EUR (41,025 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Financial Reporting Manager do?
A financial reporting manager is responsible for overseeing and managing the financial reporting activities of an organization. They are in charge of preparing and analyzing financial statements, ensuring compliance with accounting standards and regulations, and coordinating with internal and external auditors. The financial reporting manager plays a crucial role in providing accurate and timely financial information to key stakeholders, such as senior management, investors, and regulatory bodies. They also collaborate with other departments to gather and consolidate financial data, identify areas for improvement, and implement financial controls and procedures. This role requires strong analytical skills, attention to detail, and knowledge of accounting principles and financial reporting standards.
Skills: Financial reporting, Accounting, Financial statements, Compliance, Auditing, Financial analysis
Job industry: Finance
Job industry: Finance
How much does Financial Reporting Manager make?
Salary details
How much does Financial Reporting Manager make?Estimated Yearly Salary: 40,881 EUR
Estimated Monthly Salary: 3,407 EUR
Estimated Weekly Salary: 786 EUR per week
Estimated Hourly Salary: 20 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 39,605 EUREstimated Monthly Salary: 3,300 EUR
Estimated Weekly Salary: 762 EUR per week
Estimated Hourly Salary: 19 EUR per hour
Last revision of data: 2024-01-08Financial Reporting Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 41,025 USD
Estimated Monthly Salary: 3,419 USD
Estimated Weekly Salary: 789 USD per week
Estimated Hourly Salary: 20 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Salary comparison to National average
Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Financial Reporting Manager job salary compared to average salary in Latvia.
Comparison shows that a person working as Financial Reporting Manager in Latvia earns on average:
2.09 times the average salary (or 209% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Financial Reporting Manager job salary compared to average salary in Latvia.
Comparison shows that a person working as Financial Reporting Manager in Latvia earns on average:
2.09 times the average salary (or 209% of average salary).
Is Financial Reporting Manager a well paid job?
Yes, our data show that Financial Reporting Manager is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Financial Reporting Manager?
High salary for Financial Reporting Manager would be somewhere between 44,969 EUR and 59,277 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Financial Reporting Manager in Latvia?
Living in Latvia the approximate monthly expenses are: 860 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 40,881 EUR
Estimated Monthly Salary: 3,407 EUR
Estimated Weekly Salary: 786 EUR per week
Estimated Hourly Salary: 20 EUR per hour
By working as Financial Reporting Manager a person can save up to 2,559 USD per month or 30,705 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Estonia, Russia, Belarus, Lithuania.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Financial Reporting Manager
Estonia is 52,541 USD
Russia is 24,401 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Latvia
(224,317 EUR per year, pre-tax.)
2. Cardiologist
(186,760 EUR per year, pre-tax.)
(179,947 EUR per year, pre-tax.)
4. Neurosurgeon
(174,646 EUR per year, pre-tax.)
(174,433 EUR per year, pre-tax.)
6. Urologist
(170,871 EUR per year, pre-tax.)
(170,733 EUR per year, pre-tax.)
(170,497 EUR per year, pre-tax.)
(169,948 EUR per year, pre-tax.)
(169,943 EUR per year, pre-tax.)
Data as of 2025Random salary:
Mts design engineer (21,610 EUR per year, pre-tax.)
Auxiliary equipment operator (20,388 EUR per year, pre-tax.)
Clinical data coordinator (16,077 EUR per year, pre-tax.)
Pipelayer (16,027 EUR per year, pre-tax.)
It compliance manager (33,711 EUR per year, pre-tax.)
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