Financial Manager

By: Anthony Kimble

Job Responsibilities

  • providing and interpreting financial information
  • monitoring and interpreting cash flows and predicting future trends
  • analyzing change and advising accordingly
  • formulating strategic and long-term business plans
  • researching and reporting on factors influencing business performance
  • analyzing competitors and market trends
  • developing financial management mechanisms that minimise financial risk
  • conducting reviews and evaluations for cost-reduction opportunities
  • managing a company's financial accounting, monitoring and reporting systems
  • liaising with auditors to ensure annual monitoring is carried out
  • developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organisations such as the Inland Revenue
  • producing accurate financial reports to specific deadlines
  • managing budgets
  • arranging new sources of finance for a company's debt facilities
  • supervising staff

Average Salary

Starting salaries are typically in the range of $28,000 and $39,000.

Job requirements

Although this area of work is open to all graduates, accountancy, Finance, Business/Management, Economics, and mathematics/statistics are particularly helpful and may entitle you to exemptions from some professional examinations. In certain areas, knowledge gained through a postgraduate program may give you an advantage. You at least need a Bachelors degree.