The rapid development of the market has led to the emergence of many previously unknown professions. A special direction in the work of many companies has become management. These are management methods that affect all areas of activity. Depending on the assigned functions, such an employee may perform various duties. For example, control and organization of sales or financial management.
Economic relations involve the management of capital and other means of the company. The enlargement of the business has led to a 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 who owns a market situation at the same time. He manages cash flows so that the efficiency of their use becomes even more, and the goals of the company were achieved in the shortest possible time.
Financial Manager - a person reporting to the Director of Finance
This position involves the performance of several functions. First, the achievement of a balance between material and financial resources in the process of capital turnover. Secondly, it is a distribution function, which implies the correct direction of cash flows. It is also the creation of funds and the competent use of their funds. The last function is to control all financial resources and compare the profit made with the expected result.
The main task that the financial manager performs is to maximize profits while minimizing production costs. He must also restructure assets and liabilities to ensure a reasonable balance.
The responsibilities of the financial manager include the search for sources of additional income from related activities, from the sale of unused types of property, long-term investments and fixed assets.
He must review pricing in accordance with the market environment in order to increase sales revenue. His responsibilities also include improving financial relations with subsidiaries.
If the company is large, then its staff has a group of people who are engaged in financial flows. The initial task that the financial manager performs is to build an organization structure that allows you to effectively distribute and control cash.
He is obliged to identify the magnitude of the company's need for financial injections. The search for alternative sources of funds and their development with obtaining the final result is welcome.
A financial manager should always be aware of the current market situation. It controls the fluctuations in supply and demand, as well as the price level.
That is why a person applying for this position should be sociable, economically educated, inquisitive, striving for self-improvement. He must perfectly navigate the structure of the market and finance. The well-being and prosperity of any company depends on his work.