Finance Manager Job Description
Finance Manager Job profile and Description
The Finance Manager is the one who is basically a professional and supposed to advise
and support the clients for making the sound business choices. The duties and
responsibilities depend upon the size of the firm. The manager needs to collect and
operate accounts in a small firm and do the strategy analysis in a big firm. They may
work at the 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 duty of a financial manager is to advise the clients about
the importance of budgetary planning and the financial implications of the business
Duties and Responsibilities
There are the following duties and responsibilities of a finance manager which are
expected to be fulfilled:
The finance manager has the prime responsibility to provide an interpretation of
He or she has to monitor the cash flow properly to predict future financial
He or she has to identify the changes and advise the clients accordingly.
He or she has to formulate the strategies and process to plan the long term
financial plans for a business entity.
He or she has to do the research on the effective factors of the business
The finance manager has to analyze the performance of competitors properly
and the marketing trends as well.
He or she has to develop the management mechanism in the finances department
properly for minimizing the financial risks.
He or she has to monitor the cost reduction opportunities of the firm to manage
the systems of accounting for the finances of the company.
A finance manger also needs to work with the auditors properly and manage the
budget as well.
He or she has to establish the effective working relationships with the
professionals such as bankers, auditors or statutory organizations.
It will be the responsibility to update the firm regarding the changes in
legislation or regulations.
The financial manager has to make the contacts with the new sources for
financing the firm’s debt facilities.
Skills and Specifications
The required skills and specifications are as follows:
The person needs to be an excellent communicator and should have the required
The person needs to have an analytical bent of mind to do the job.
He or she should have the ability to put a keen attention to the detailed work.
He or she must have the excellent interpersonal skills to establish and maintain
the effective working relationship with the people.
Education and Qualifications
The basic degree required for the job is a bachelor’s degree in Financial
It will be an added advantage for the person having or an MBA degree.