What's the role of Financial Manager?

Financial managers are responsible for managing and controlling the financial matters of a company. Hence, all the functions as stated in the question are performed by them.

The Role of the Financial manager are all listed above and more such as؛

• Maximizing the profitability of the entity and achieve a balance between all of the profits and maintain the strength and durability of the financial position due to the conflict between them.
• Participate in the  dividend decision for taking decisions in respect of dividend, the following factors are considered-availability of cash, tax position of the share-holders, trend of earnings, etc.
• Providing  thefinancial needs of theentityfrom the source/sources inthe appropriatetime / appropriate times and in the best conditions. 

• Oversees the financial transactions of the entity by as per its financial regulations and rules as well as accounting policies and procedures. 

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   Analyzing and evaluating the investment activities.
• Work on the development and preparation methods of financial control. 
• Prepares the entitys financial statements including the reporting of regular and extra-budgelary funds:

   

   

   

   

   

 

For me the premium responsibility is save the company financially and to be aware of upcoming or future risk situation to avoid the company ends in bankruptcy.

I don't care about the rest because they are many and anyone can do it.

A financial manager is responsible for providing financial advice and support to clients and colleagues to enable them to make sound business decisions. Specific work environments vary considerably and include both public and private sector organisations, such as multinational corporations, retailers, financial institutions, NHS trusts, charities, manufacturing companies, universities and general businesses.Financial considerations are at the root of all major business decisions. Clear budgetary planning is essential for both the short and long term, and companies need to know the financial implications of any decision before proceeding. In addition, care must be taken to ensure that financial practices are in line with all statutory legislation and regulations.Financial managers may also be known as financial analysts or business analysts.Typical work activitiesThe roles of financial managers vary significantly. The generic nature of the job title can be misleading as the level and scope of the responsibilities involved in any role candiffer enormously. In larger companies for instance, the role is more concerned with strategic analysis, whilein smaller organisations, a financial manager may be responsible for the collection and preparation of accounts.In general, tasks across roles may include:providing and interpreting financial information;monitoring and interpreting cash flows and predicting future trends;analysing change and advising accordingly;formulating strategic and long-term business plans;researching and reporting on factors influencing business performance;analysing competitors and market trends;developing financial management mechanisms that minimise financial risk;conducting reviews and evaluations for cost-reduction opportunities;managing a company's financial accounting, monitoring and reporting systems;liaising with auditors to ensure annual monitoring is carried out;developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organisations such as the Inland Revenue;producing accurate financial reports to specific deadlines;managing budgets;arranging new sources of finance for a company's debt facilities;supervising staff;keeping abreast of changes in financial regulations and legislation

A financial manager oversees the preparation of financial reports, direct investment portfolios, implementation of cash management strategies and supervising the long term goals of the organization.

1. Forecasting and planning

2. Analysing and evaluating the investment activities

3. Coordination and control

4. Understanding the finance market

5. Risk management

6. Performance measurement

Financial managers  oversee  investments, develop long-term strategies and prepare financial reports.Typical duties include reviewing financial reports, monitoring accounts, and preparing activity reports and financial forecasts. Financial managers also investigate ways to improve profitability, and analyze markets for business opportunities, such as expansion, mergers or acquisitions.

 

The role of Financial Manager

 

• building a strong financial relationship between the company and customers • The preparation of financial reports and final accounts of the company. • Prepare periodic and emergency financial and a list of the company's financial hub and presented to the Board of Directors reports. • preparation of the statement of cash flows of the company. • check account balances accuracy and validity of the conduct of operations properly. • the imposition of laws and regulations and accounting of assets in the company, reviewed and audited. • Develop strategic plans and financial evaluated and presented to the Board of Directors for approval. • evaluating high-volume financial transactions and their impact on the company if implemented. • adoption of the best sources of funding for the company and presented to the Governing Council with a statement and clarify the advantages and disadvantages of the sources and their impact on the company in the future. • Selecting employees of the Department of Finance and testing and determining the level of financial and mental abilities. • feasibility of the projects, which will operate the company and to clarify the seriousness studies. • the general budget and operational budget for the next period of time and preparation until the end of the fiscal year. • Follow-up to the budget throughout the fiscal year and monitor the imbalance and deficit and avoid the damage that may occur to the company. • find appropriate and convincing justifications in cases of financial deficit or defect that may arise during the work. • Prepare inventory policy and the mechanism of action and adopted and overseeing its implementation. • determine the distribution of profits and losses to the partners and the preparation of statements of accounts for each shareholder. • approval of large and which require large cash payments. • Follow-up bank balances and preparation and the preparation of their reports..