Finance Manager

Finance manager duties and responsibilities

The finance manager holds authority over decisions of income, costs, payroll and investments.

Some of their day-to-day duties and responsibilities include:

• Using advanced financial analyses and modelling to simulate economic scenarios and determine the present and future financial condition of the company
• Researching and reporting on factors that influence the company’s performance and analysing and predicting market trends
• Developing financial management strategies to reduce financial risk, providing relevant recommendations to maximise profits and assisting executives in decision-making
• Monitoring reporting systems, preparing accurate financial reports and statements, interpreting data, preparing and publishing all financial documents and ensuring adherence to industry regulations
• Managing accounting, budget, cash flow and reviewing cost-reduction strategies
• Developing long-term and strategic business plans and organising new funding strategies
• Developing external relationships with auditors, solicitors, bankers and other statutory organisations.
• Provide financial reports and interpret financial information to managerial staff while recommending further courses of action.
• Advise on investment activities and provide strategies that the company should take
• Maintain the financial health of the organization.
• Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.
• Develop trends and projections for the firm’s finances.
• Conduct reviews and evaluations for cost-reduction opportunities.
• Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
• Manage the preparation of the company’s budget.
• Liase with auditors to ensure appropriate monitoring of company finances is maintained.
• Correspond with various other departments, discussing company plans and agreeing on future paths to be taken.
• Requirements and skills
• Proven experience as a Financial Manager
• Experience in the financial sector with previous possible roles such as financial analyst
• Extensive understanding of financial trends both within the company and general market patterns
• Proficient user of finance software
• Strong interpersonal, communication and presentation skills
• Able to manage, guide and lead employees to ensure appropriate financial processes are being used
• A solid understanding of financial statistics and accounting principles
• Working knowledge of all statutory legislation and regulations
• BS/MA degree in Finance, Accounting or Economics
• Professional qualification such as CFA/CPA or similar will be considered a plus

Work Location: In person