Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,151,416 members, 7,812,227 topics. Date: Monday, 29 April 2024 at 10:20 AM

What Are The Different Roles Of A Finance Manager In A Company? - Career - Nairaland

Nairaland Forum / Nairaland / General / Career / What Are The Different Roles Of A Finance Manager In A Company? (311 Views)

Busola Tejumola: Is She The Most Beautiful Executive Manager In Nigeria? / The #nairalife Of A Finance Man In The Civil Service / Jobless Lady Returns Money A Company Mistakenly Paid Into Her Account (2) (3) (4)

(1) (Reply)

What Are The Different Roles Of A Finance Manager In A Company? by nancychristian(f): 9:55am On Jun 29, 2020
A financial manager can work at various places like the bank, insurance companies, and multinational organizations. With different responsibilities, a financial manager has multiple roles in a company.

Following are the various roles of a financial manager in the business:

Controllers: Controllers are the type of financial managers who summarizes and forecasts the organization's financial position by providing income statements, balance sheet, and analyzing future incomes and expenses. They also prepare reports required for government approvals for the business. They often look after accounts, audit, and budget department.

Treasurers and finance officers: They are responsible for directing the monthly/yearly budget to meet the financial goals of the organization. They direct various strategies to carry out to raise capital.

Credit Managers: Credit managers are responsible for the organization's credit business. The determine credit ceilings, set credit-rating criteria, and look after the collection of the firm's account.

Cash Managers: The monitor and control the flow of cash that comes and goes out of the company to meet the company's financial needs. It means they determine if the company will require some money or not according to the need.

Insurance managers: They are responsible for supervising the needs of the company by obtaining insurance against risks such as payment to employees who get hurt at work and any cost imposed by the law against the organization.

Risk managers: They are responsible for looking after and controlling the financial losses the company may face due to economic uncertainty. They also try to limit due to those limits and currency or commodity price changes.

Looking for financial manager jobs in USA visit on optresume and get your dream jobs in USA.

To be a financial manager, one should have a Master's degree in financial management. The courses such as Master of Business Administration in Finance, Master of financial control, and Postgraduate diploma in financial management can get you a job as a Financial Manager in the company.

Apart from all the hard-skills, a company needs some soft skills while hiring a financial manager.

- Leadership qualities
- Communication skills
- Multitasking
- Creative strategies
- Ability to work individually as well as in a team.
- Customer service orientation.

With these soft skills and good knowledge of finance, you surely can succeed as a Financial Manager. I hope now you know what all you will do as a financial manager and the qualifications required to be one.

(1) (Reply)

Learn How To Make $123,000 Per Year As A Data Analyst & Visualizer / BREAKING: Nigeria Air Force First Female Combat Pilot Dies At 23 / Step By Step How To Start POULTRY FARM In Small Scale - Free Pra Tical Training

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 11
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.