Financial Managers Job Profile

In an Organisation ,Finance also plays an equal role as compared to other fields .This is the primary area where all details regarding assets and liabilities about the company is taken care .The Finance manager holds the responsibility regarding the company's accounts.So let us take a look about the role and duties of these finance managers .

Duties of Financial Managers :

A financial managers' main responsibility used to be monitoring a company's finances, but they now do more data analysis and advise senior managers on ways to maximize profits.Some of them are : 

  • Prepare financial statements, business activity reports, and forecasts.
  • Monitor financial details to ensure that legal requirements are met.
  • Supervise employees who do financial reporting and budgeting.
  • Review company financial reports and seek ways to reduce costs.

Examples of types of financial managers :

(a) Controllers .
(b) Treasurers and finance officers.
(c) Credit managers.
(d) Insurance managers.

Education for Financial Managers :

A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers. However, many employers now seek candidates with a master's degree, preferably in business administration, finance, accounting, or economics. These academic programs help students develop analytical skills and learn financial analysis methods and software.

Important qualities for financial managers :

(a) Analytical skills.(b) Math skills.(c) Organizational skills.(d) Communication skills.

Careers related to financial managers :

(a) Accountants and auditors.
(b) Financial analyst.
(c) Insurance sales agent.
(d) Personal financial advisors.

Post a Comment