Financial security is a very important priority for every organisation or individual. Proper financial planning and management make a company solid, wealthy and stable. It takes effort, time and patience to implement the right strategies and to gain financial independence. Organizations hire a finance manager to deal with every financial obstacle that the company faces.
To be a financial manager you need to understand various accounting and the financial term which is not much hard to learn. Below I have mentioned some major job responsibilities that you as a finance manager need to do everyday.
Responsibilities of the job include:
Collecting, preparing and clarify reports, budgets, accounts and financial statements.
Undertaking strategic analysis and assisting with strategic plans.
Producing long-term business plans.
Undertaking research into pricing, competitors, and factors affecting performance.
Controlling income, cash flow, and expenditure.
Developing and managing financial systems.
Cooperating with managerial staff and other colleagues.
These were the job duties that you as a finance manager should carry out efficiently.
Employers often look for applicants who are good in communication and managing people and things. Below I have mentioned other skills which you should have or develop to acquire this position.
Excellent In Problem Solving
Numerical Abilities are crucial.
A university graduate and even SSC pass outs can opt for a career in financial management. Having a graduation degree is a surely a plus point to get employed in this field, although employers may prefer applicants who are qualified in following things.
Management or business subjects
A relevant postgraduate qualification and/or previous work experience gained in any commercial area can be useful.
Financial audit manager
Financial control manager
Financial evaluations director
Financial planning and advisory service manager
Financial planning and reporting director
Financial resources service co-ordinator
Corporate Budgeting and Analysis Manager
These are some famous job titles which a financial management expert opt for.
An average salary of a finance manager ranges from Rs.4,00,000 to Rs.9,00,000 per year.
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