Duties and Responsibilities of Financial Managers in the Company
Financial manager is a very important position in a company, because it is as the spearhead related to finance. The role of the financial manager can vary depending on the size and complexity of a company. For example, in larger companies, financial managers may be able to carry out focused activities such as strategy analysis.
This activity serves to help senior managers make the best decisions. This can include interpretations of financial information and forecasts of various trends in the future. In smaller companies, financial managers can have far broader responsibilities, or perhaps manage all financial functions.
Some financial managers even continue to supervise cross-function teams with IT departments and administrative staff. This is because a small-scale company, so that it can still be overcome by one financial manager. Then, what are the duties and responsibilities of a financial manager in a company? The following explanation.
Duties of Financial Managers
The main task of the financial manager is to be responsible for assisting business planning and decision making by giving appropriate financial advice. The duties of the other financial managers are as follows:
Work with other managers to plan and forecast several aspects of the company including general financial planning of the company.
Run and operate the company’s life wheel as efficiently and effectively as possible by collaborating with other managers.
Make important decisions in investment and various financing and all matters related to the decision.
Linking companies with financial markets, where companies can obtain funds and corporate securities can be traded.
Financial Manager Responsibilities
The main responsibilities of financial managers include the following:
Plan and coordinate the preparation of company budgets, as well as control the use of these budgets to ensure the use of funds effectively and efficiently in supporting the company’s operational activities.
Managing the accounting function in processing financial data and information to produce financial reports that the company needs accurately.
It also controls its implementation to ensure that all financial processes and transactions are carried out in an orderly and orderly manner.
Plan and consolidate taxation throughout the company to ensure cost efficiency and compliance with tax regulations.
Plan, coordinate, and control cash flow of the company (cash flow), especially the management of receivables and debt. Thus, this can ensure the availability of funds for company operations and financial conditions can remain stable.