A finance manager plays a crucial role in maintaining the financial health of an organization. Here are some of the key duties and responsibilities of a finance manager:
- Financial Planning and Analysis: Develop and implement financial strategies.
Prepare financial forecasts and budgets.
Analyze financial data to identify trends and opportunities for improvement.
- Financial Reporting: Generate financial reports, costing and statements.
Ensure compliance with financial regulations and standards.
Oversee the preparation of quarterly and annual account reconciliations.
- Budget Management: Monitor and manage the organization’s budget.
Ensure efficient allocation of resources.
Conduct regular assessments of financial procedures.
- Risk Management: Identify and mitigate financial risks.
Develop strategies to minimize financial losses.
Ensure compliance with tax and financial reporting standards.
- Investment Management:
Evaluate the financial performance of investments.
Make prudent investment based data analytics for better decision making.
- Collaboration and Advising: Work with other departments to achieve financial goals.
Advise executive management on financial decisions.
Mediate financial issues between stakeholders.
These responsibilities require strong analytical skills, attention to detail, and the ability to work under pressure.
On top of having a finance based tertiary qualification, minimally a degree, you will need to have a minimum 5 years working experience background in finance or accounting and it is desirable to be equipped with certifications such as CPA (Certified Public Accountant) or CFA (Chartered Financial Analyst).
