Q:

What does a finance manager do?

A:

A finance manager oversees and directs the preparation of financial statements, financial forecasts and other financial reports required by the employing company or organization. Many finance managers also monitor company performance and industry and market trends in order to assist company executives in strategic business planning.

Finance managers work under a number of different job titles indicating a special work focus. A chief financial officer (CFO) heads a company’s financial operations and, in the case of a publicly traded company, is responsible for the accuracy of the company’s financial reports. CFOs often participate in business planning and decision-making functions in an advisory role to the chief economic officer or chief operating officer of the company.

Treasurers and finance officers coordinate an organization’s financial planning and budgeting functions. They manage cash flow and maintain credit availability to ensure the company is able to meet the financial demands of its operations. In cases of cash surplus, they oversee the investment of the those funds. They also prepare financial plans for company expansion and for mergers and acquisitions.

Cash managers and credit managers typically work under the direction of a treasurer or finance officer to monitor and manage cash and credit accounts on a day-to-day basis. Risk managers work to minimize exposure to the financial risks associated with business operations.

Learn More
Sources:

Related Questions

  • Q:

    What does a marketing manager do?

    A:

    Marketing managers are principally responsible for making the public aware of their company's products and services in order to get more potential customers. Product marketing managers, in particular, are involved in actually developing and monitoring the company's products, which can be online games, for example.

    Full Answer >
    Filed Under:
  • Q:

    What is a procurement manager?

    A:

    A procurement manager is responsible for acquiring any services and products that a business needs at the precise time. The procurement manager is also tasked with ensuring that the business gets the best value for the items.

    Full Answer >
    Filed Under:
  • Q:

    What does a facilities manager do?

    A:

    Facilities managers are responsible for managing the processes and services that support an organization’s core business, according to Prospects. They make sure that an organization has the most suitable working environment for its employees.

    Full Answer >
    Filed Under:
  • Q:

    What is the role of a service delivery manager?

    A:

    The main role of a service delivery manager is to manage or refine service delivery processes to a company's clients or customers. The importance of having a service delivery manager is to make sure all customers and clients receive the same services and treatments across the board. This manager is involved in functional, technical or process leadership and oversees other employees involved in the delivery process for a company whether it is IT related or not.

    Full Answer >
    Filed Under:

Explore