A Finance Manager distributes the financial resources of a company, is responsible for the budget planning, and supports the executive management team by offering insights and financial advice that will allow them to make the best business decisions for the company.
Finance Manager duties and responsibilities of the job
As a crucial member of the finance team, a typical Finance Manager job description should include, but not be limited to:
- Collecting, interpreting and reviewing financial information
- Predicting future financial trends
- Reporting to management and stakeholders, and providing advice how the company and future business decisions might be impacted
- Producing financial reports related to budgets, account payables, account receivables, expenses etc.
- Developing long-term business plans based on these reports
- Reviewing, monitoring and managing budgets
- Developing strategies that work to minimise financial risk
- Analysing market trends and competitors
Finance Manager job qualifications and requirements
A degree and several years’ experience in the financial field will be required to gain a Finance Manager role. A degree in the following fields will prove particularly advantageous:
- Accountancy or Finance
- Business Studies
Postgraduate degrees in financial management would also be beneficial for candidates looking to advance their career.
As well as formal qualifications, a Finance Manager job description should detail the following qualities:
- An analytical mind
- Negotiation skills and the ability to develop strong working relationships
- Commercial and business awareness
- Good communication skills – both written and verbal
- A keen eye for detail and desire to probe further into data
- Ability to stick to time constraints
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