![]() ![]() Maintain strong company relationships with banks and sureties.Act on employers’ behalf in general, going beyond technical tasks and financial reporting to include all areas of management.Ensure that all company assets are safe from theft and misappropriation.Represent company in financial matters, effectively communicating information.Role 3: A RESPONSIBLE REPRESENTATIVE of YOUR EMPLOYER & LIAISON to CREDITORS Appreciate and encourage the work of staff members, increasing productivity.Use training as a motivational tool to increase the skills of others.Ensure that the Finance Department is an asset to all other departments.Organize and accurately assign responsibilities, gauging the skills of staff members.Hire, train, and motivate Finance Department employees.Role 2: A MOTIVATIONAL ADMINISTRATOR of the FINANCE DEPT Establish and maintain internal accounting controls.Monitor and forecast the company’s financial status.Internal and external financial reporting.Report the company’s financial condition, operations, contingencies, and opportunities accurately and completely.Forecast financial future and anticipate monetary needs of company, maintaining its creditworthiness.Ensure that margins on jobs are maximized through cost recovery.Ensure the company’s profitability, liquidity, and solvency making sure it earns the maximum return on liquid assets and incurs minimum expenses on borrowed capital.Target and assign all significant responsibilities.Effective leader and supervisor on the management team, meeting own objectives while simultaneously helping other managers achieve their goals.Role 1: An EFFECTIVE MEMBER of the MANAGEMENT TEAM The Roles & Responsibilities of the Financial Manager His actions directly affect the Profitability, growth and goodwill of the firm. The person in charge should maintain a far sightedness in order to ensure that the funds are utilized in the most efficient manner. Therefore in order to take care of these activities a financial manager performs all the requisite financial activities.Ī financial manger is a person who takes care of all the important financial functions of an organization. Financial activities of a firm is one of the most important and complex activities of a firm. ![]()
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