This is a professional who combines knowledge of administration and finance, in order to manage the financial resources of a company and obtain profits through investments. Decisions must be made with risk always in mind. Keep reading and discover what a financial manager does.
The financial manager is responsible for maintaining the balance between liquidity and profitability of economic resources, combining Administration and Finance. With this, he can make financial decisions regarding asset management, expense control, investments, profit generation and sources of financing.
In this way, this professional plays a vital role within the organization in which he works, exercising a series of responsibilities necessary to achieve organizational success and the permanent availability of resources. For this reason, it is important to know what a financial administrator does .
What does a financial manager do?
The main objective of the financial manager is to concentrate his efforts on the efficient use of available resources, obtaining benefits from the investments made , through the implementation of various financial tools and instruments . He works by efficiently investing capital to obtain benefits.
Before learning about the broad field of work that a financial administrator can develop, it is time to refer to his or her functions. Basically, he or she plans, organizes, evaluates and manages all the financial activities of a company, in addition to mastering economics and accounting in order to:
Organize financial tasks.
Manage the Finance area, as well as administrative and accounting matters.
Manage cash to have sufficient liquidity.
Evaluate financial status and ensure business performance.
Study and make decisions about the investment options that can be carried out.
Manage investment portfolios and financial reports.
Analyze and implement techniques for investment recovery.
Study the financial statements to optimize resources.
Analyze accounting, as well as profit and loss statements for financial leadership topics.
Analyze and record accounts payable and accounts receivable.
Evaluate and determine short- and long-term financing options.
Prepare and monitor budgets to carry out different activities.
Ensure the balance between liquidity and profitability to achieve maximum efficiency at minimum cost.
Conduct financial audits.
A financial manager must be able to assess risk situations in the present and in cpa email lists the future , in all activities or functions that he or she performs , since failure to do so may affect the operation of the company. He or she must have the ability to think strategically in order to act immediately.
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Where does a financial manager work?
Corporations in all industries are looking for specialists who understand the complexity of economic activity and the demands that all companies face in order to adopt a results-based perspective, which is why they need the work of a financial manager. In this sense, this type of manager will be able to work in sectors that require good financial development, which is why they have a wide range of jobs, both in the public and private sectors. By combining the best of Administration and Finance, they can perform in:
Financial institutions.
Multiple banking companies.
Savings and loan institutions.
Non-bank financial institutions.
Stock market.
International financial corporations.
Insurance and surety companies.
Investment fund managers.
Trade organizations.
Government institutions and entities.
Ministries or secretariats of finance, economy and treasury.
Independent consulting and advisory services.
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Regardless of the type of organization in which a financial manager works, he or she must always be informed and prepared to make the best decisions that allow for proper asset management to obtain benefits derived from good investments made with a specific capital.
Why study administration and finance?
The area of administration and finance requires a solid foundation in the principles of information technology, analytical skills, legal and ethical knowledge, behavioral dynamics and quantitative analysis. With these skills, the professional will be able to perform as an efficient financial manager.
That is why Southern New Hampshire University has managed to develop a Bachelor of Business Administration with a concentration in Finance , to study online and train financial analysts, market research analysts, sales managers and operations managers, among others. Through the academic plan of this online Bachelor's Degree from SNHU , students enter the world of Corporate Finance to examine the effects generated by decision-making, volatility in exchange, international risks and macroeconomic fluctuations in financial planning.