Financial Manager Job Duties

By | July 25, 2013

A financial manager is an individual who is responsible for the overall finance department of an organization and looks after all the finance related matters. They also help in budgetary planning for short as well as long term. A financial manager can work in financial institution, government organization, multinational corporations, charities, trusts and manufacturing companies. They have to provide and interpret financial information. They are also responsible for monitoring the cash flows and making predictions about the future financial market. A financial manager needs to possess excellent analytical, problem solving skills and numerical ability.

Financial manager job duties

  • Financial manager has to collate, prepare and interpret reports, accounts, financial statements and budgets.
  • Financial manager has to provide financial advice to clients in order to make accurate business decisions.
  • Financial manager has to provide and interpret financial information.
  • Financial manager has to keep a track of the cash flow and predict the future trend of the financial market.
  • Financial manager has to undertake strategic analysis and assist in the process of strategic planning.
  • Financial manager has to control cash flow, income and expenditure.
  • Financial manager has to manage the budget and ensure that an operation does not exceed a prescribed budget.
  • Financial manager has to carry business models assess the risk involved in the particular model.
  • Financial manager has to develop and manage financial systems.
  • Financial manager has to supervise the staff in the financial department.
  • Financial manager has to liaise with the higher management and give them presentations.
  • Financial manager has to conduct research on pricing, factors that can affect performance and competitors.
  • Financial manager has to prepare accurate financial documents within deadlines.
  • Financial manager has to arrange new avenues of finance for an organization’s debt facility.

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