Finance Manager Job Description

Finance Manager Job profile and Description

The Finance Manager is a professional responsible for advising and supporting clients by enabling them to make sound business choices.  The financial managers work in private and public sectors often in small businesses like retailers, middle level businesses such as financial institutions to large scale businesses such as multinational companies. The financial manager helps a client make careful considerations of all aspects in business before making a business decision. The finance manager also advises clients about the importance of budgetary planning and the financial implications of the business decisions that they make. The roles of a financial manager differ depending on the size of the firm. In small firms for example, the role involves collecting and operating accounts, while the same in bigger firms mainly relates to strategic analysis.

Duties and Responsibilities

• Providing an interpretation of financial information
• Monitoring cash flows and using the same to predict future financial trends
• Analyzing change and advising the client on what needs to be done
• Formulating strategies to be used in the long-term financial plans for a business entity
• Researching the different factors that influence business performances
• Analyzing the performance of competitors
• Analyzing the marketing trends
• Developing management mechanism in the finances department for purposes of minimizing the financial risks
• Reviewing and evaluating cost reduction opportunities open to the firm
• Managing the accounting and monitoring systems for the company’s finances
• Working with auditors
• Developing good working relationships with professionals such as bankers, auditors or statutory organizations for the benefit of the firm
• Managing the firm’s budgets
• Updating the firm regarding changes in legislation or regulations that may affect the firm’s business operation
• Making contacts and looking for new sources who can finance the firm’s debt facilities

Skills and Specifications

• Good communication skills
• An analytical mind
• Attention to detail
• Must have good interpersonal skills

Education and Qualifications

• A first degree in Financial Management
• An MBA

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