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.