Page 44 - JobsPlus - Occupational Handbook

Finance Manager
Occupation Code: 1211
Alternative title: Financial Manager
Job description and duties
Finance Managers provide financial advice, lead the finance department and assist management in the decision making process. A Finance Manager is typically expected to:
• Collate, prepare and interpret reports, budgets and accounts
• Prepare the financial statements of the company for presentation to management in line with specific deadlines
• Assist in the monitoring and interpretation of cash flows
• Participate in the formulation of strategic and long-term business plans
• Analyse change and advise management on the best way forward in light of developments
• Assist in carrying out research on pricing, competitors, market trends and other relevant factors that may affect business performance
• Develop financial management tools to minimize financial risk for the company
• Assist in carrying out costing reviews and variance analyses to find appropriate opportunities to reduce costs
• Manage the company’s financial accounting, reporting and monitoring systems
• Oversee the selection, training and performance of staff
• Liaise with the external Auditors of the company to ensure that appropriate annual monitoring is carried out
• Keep abreast with relevant changes in international accounting standards, best practices and applicable regulations.
Work environment
Finance Managers may work with small and large firms in the private and public sectors. Finance Managers typically work in an office environment and also meet with clients outside the office. Travelling may be required if the organisation runs its business from different branches locally or abroad.
Working hours are usually up to 40 hours a week but being a managerial position, hours can vary according to company needs and more hours are normally expected in such a role.
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