When you think of Finance, you wonder who runs this complex industry. In the broadest sense of the term, accounting or a financial manager can be anyone within a firm that has the responsibility for major investments or decisions concerning financial matters of the firm. The duties of financial managers vary with their specific titles because the range in this field seems endless.
The financial manager’s job is to look for ways to create value from the financial activities of the firm. If the financial manager is not able to do this, or acts unethically in their position, this can result in quite possibly loss of business over time. Financial Managers are faced with decisions regarding long-term investment strategies, the raising of cash for necessary investments and the amount of short-term cash flow requirements to meet day-to-day operations.
A finance manager has the responsibility of managing the creation and maintenance of financial reports and finance related strategies. Finance managers work to accomplish the objectives of the company by serving as a member of the finance team. The roles of a finance manager include:
Category level research work and prepare analysis of subjects such as sales, gross margin, depreciation, working capital, investment and financial and expense performance comparisons.
Communicate with key stakeholders throughout the company to gain input, validation and buy-in on key business directives. Strategic approach to directing data extraction from systems and accurate interpretation of broad range of data sets.Identify key business drivers and metrics in order to develop standardized reports.
Gather data from disparate sources, including market data, historical performance and company financial. Develop presentations that synthesize the business issues and help drive to decisions.
The finance manager is the primary driver of Business analytics. This individual is expected to develop a meaningful dashboard; these dashboards will serve as a monthly guauge of business health for a large division and act as a guiding rod for making well founded go forward business decisions at a category level. A finance manager jobs is expected to do proper financial planning for the future course of the business. Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Usually a company creates a financial plan immediately after the vision and objectives have been set. The financial plan describes each of the activities,resources, equipment and materials that are needed to achieve these objectives as well as the time frames involved.
In today’s ever changing environment finance mangers play a very critical role in the overall look and field for the business.
