Financial Manager

The rapid development of the market led to the appearance of many previously unknown professions. A special direction in the work of many companies was management. These are management methods, in which all areas of activity are affected. Depending on the functions assigned, such an employee can perform various duties. For example, control and organization of sales or financial management.

Economic relations presuppose management of the company's capital and other assets. The enlargement of business has led to demand for specialists who can professionally conduct financial affairs and carry out their correct accounting.

A financial manager is a manager who combines an accountant and a specialist with a market situation at the same time. He manages cash flows so that the effectiveness of their use becomes even greater, and the company's goals have been achieved in the shortest possible time.

Financial manager - a person reporting to the director of finance

This post implies the performance of several functions. First, it is the achievement of a balance between material and financial resources in the process of capital turnover. Secondly, it is a distributive function, which implies the correct direction of cash flows. It is also the creation of funds and the competent use of their means. The last function is the control over all financial resources and comparison of the received profit with the expected result.

The main task that is performed by the financial manager is to obtain the maximum profit with minimum expenses for production. Also, he must carry out restructuring of assets and liabilities to ensure their reasonable ratio.

The responsibilities of the financial manager include finding sources of additional revenues from related activities, from the sale of unused property, long-term investments and fixed assets.

He should review the pricing policy in accordance with the market environment in order to increase sales revenue. Also, his duties include improving financial relations with subsidiaries.

If the company is large, then in its state there is a group of people who are engaged in financial flows. The initial task that the financial manager performs is the construction of an organization structure that allows efficient allocation and control of cash.

He is obliged to reveal the magnitude of the company's need for financial injections. We are looking for alternative sources of funds and their development with the final result.

A financial manager should always be aware of the current situation in the market. It controls the fluctuations in supply and demand, as well as the price level.

That's why the person applying for this position should be sociable, economically educated, curious, striving for self-improvement. He must perfectly navigate the structure of the market and finance. From his work depends the well-being and prosperity of any company.