A Finance Manager is a person who is responsible for the financial health of the company. He works to analyze and present data related to the financial status of the organization.
A finance manager also produces financial reports and develops strategies based on financial research. His responsibilities further include budget planning, overseeing investments and helping with cash management.
Additionally, a finance manager provides support to the executive management team by offering insights and financial advice and recommendations to improve profitability throughout the company.
To work as a finance manager, one should have substantial knowledge and practical experience in the treasury, accounting and finance departments, along with the ability to develop and recommend business policies, strategies, and conduct studies. Moreover, a finance manager should excel in selling financial products and services to existing clients, as well as building rapport with new ones.
Minimum education requirement for this job is a Bachelor’s Degree in Finance, Accounting or related field.
If this is the position that you want to apply for, have a look at the following list of duties for Finance Manager:
Finance Manager Duties
• Collect, interpret and review financial information.
• Utilize financial modeling to simulate financial scenarios.
• Predict future financial trends.
• Comprehend the company’s financial results to management and make recommendations.
• Manage, monitor and review budgets.
• Generate financial reports related to budgets, account payables, account receivables and expenses.
• Make sure that the financial reports are prepared and delivered on time.
• Review financial data for accuracy and completeness.
• Develop strategic and long-term business plans.
• Develop strategies to minimise financial risk.
• Conduct reviews and evaluations for cost-reduction opportunities.
• Analyze market trends and competitors.
• Collaborate with management to develop and execute of funding strategies.
• Provide assistance in determining the company’s proper capital structure.
• Maintain banking relationships.
• Develop external relationships with appropriate contacts such as auditors, solicitors, bankers and statutory organisations.
• Monitor the performance of competitors and report on key issues to management.
• Develop and recommend solutions for various problems and situations.
• Prepare departmental and organization financial documents.
• Generate additional analyses and reports as demanded by management.
• Train new workers on financial operations.
• Be well-informed of changes in financial regulations and legislation.