A Finance Manager distributes the financial resources of a company, is responsible for the budget planning, and supports the executive management team by offering insights and financial advice that will allow them to make the best business decisions for the company.
Finance Manager duties and responsibilities of the job
As a crucial member of the finance team, a typical Finance Manager job description should include, but not be limited to:Collecting, interpreting and reviewing financial informationPredicting future financial trendsReporting to management and stakeholders, and providing advice how the company and future business decisions might be impactedProducing financial reports related to budgets, account payables, account receivables, expenses etc.Developing long-term business plans based on these reportsReviewing, monitoring and managing budgetsDeveloping strategies that work to minimise financial riskAnalysing market trends and competitors
Finance Manager job qualifications and requirements
A degree and several years’ experience in the financial field will be required to gain a Finance Manager role. A degree in the following fields will prove particularly advantageous:Accountancy or FinanceEconomicsMathematicsBusiness StudiesManagementPostgraduate degrees in financial management would also be beneficial for candidates looking to advance their career.As well as formal qualifications, a Finance Manager job description should detail the following qualities:An analytical mindNegotiation skills and the ability to develop strong working relationshipsCommercial and business awarenessGood communication skills – both written and verbalA keen eye for detail and desire to probe further into dataAbility to stick to time constraints
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