Financial Manager Job Description Template

Use this Financial Manager job description template to advertise the open roles for free using Longlist.io. You can use this template as a starting point, modify the requirements according the needs of your organization or the client you are hiring for.

Financial Manager Job Description Template

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Job Brief

We are looking for a reliable Financial Manager that will analyze every day financial activities and subsequently provide advice and guidance to upper management on future financial plans.

The goal is to enable the company’s leaders to make sound business decisions and meet the company’s objectives.

Responsibilities

  • Provide financial reports and interpret financial information to managerial staff while recommending further courses of action.
  • Advise on investment activities and provide strategies that the company should take
  • Maintain the financial health of the organization.
  • Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.
  • Develop trends and projections for the firm’s finances.
  • Conduct reviews and evaluations for cost-reduction opportunities.
  • Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
  • Manage the preparation of the company’s budget.
  • Liase with auditors to ensure appropriate monitoring of company finances is maintained.
  • Correspond with various other departments, discussing company plans and agreeing on future paths to be taken.

Requirements

  • Proven experience as a Financial Manager
  • Experience in the financial sector with previous possible roles such as financial analyst
  • Extensive understanding of financial trends both within the company and general market patterns
  • Proficient user of finance software
  • Strong interpersonal, communication and presentation skills
  • Able to manage, guide and lead employees to ensure appropriate financial processes are being used
  • A solid understanding of financial statistics and accounting principles
  • Working knowledge of all statutory legislation and regulations
  • BS/MA degree in Finance, Accounting or Economics
  • Professional qualification such as CFA/CPA or similar will be considered a plus

What does Financial Manager do?

A Financial Manager is responsible for overseeing and managing the financial operations of an organization. On a day-to-day basis, their tasks may include:

  1. Monitoring financial transactions: Reviewing and analyzing financial data, such as budgets, expenditure, revenue, and cash flow statements, on a regular basis to ensure accuracy and compliance with regulations.

  2. Budgeting and forecasting: Developing financial plans and budgets for the organization and implementing budgetary control measures to ensure expenses align with the approved budget.

  3. Financial analysis: Conducting financial analysis to support business decisions, such as evaluating investment opportunities, cost reduction strategies, and identifying areas for improvement or risk mitigation.

  4. Reporting: Preparing financial reports and presenting them to senior management, board members, and stakeholders, providing insights and recommendations based on the financial analysis.

  5. Risk management: Identifying financial risks and implementing appropriate strategies to mitigate them, such as developing and implementing internal control systems to safeguard assets and prevent fraud.

  6. Cash management: Managing cash flow effectively by monitoring accounts receivable and payable, optimizing working capital, and projecting future cash needs.

  7. Financial planning and strategy: Participating in strategic planning sessions to provide financial expertise and guidance on long-term financial goals and objectives, as well as identifying opportunities for growth and expansion.

  8. Compliance: Ensuring compliance with financial regulations, tax laws, and reporting requirements by staying updated with changes in accounting standards and regulations, and overseeing the preparation of financial statements and tax returns.

  9. Relationship management: Collaborating with external stakeholders, such as banks, auditors, and financial consultants, to establish and maintain positive relationships and ensure effective financial management.

  10. Team management: Leading and managing a team of finance professionals, providing mentorship, training, and performance evaluations to ensure their professional growth and effective execution of financial responsibilities.

This is not an exhaustive list, as the tasks of a Financial Manager can vary depending on the organization's industry, size, and specific requirements.

Financial Manager Job Description Examples

Finance Manager• Windsong Radiology Group PC

FP&A Manager

Job Summary...

Responsible for the Forecast, Budget, management reporting, detailed variance analytics, and variance reporting. Reporting directly to the CFO, the incumbent will support the creation of strategy and business planning for growth opportunities, assist with the physician comp model, physician comp forecast and budget needs, and complete capital analytics for capital ...

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Regional Finance Manager• Clean Harbors

The Opportunity:

The Regional Finance Manager is a business partner to the US Industrial Services business. This role is responsible to review, reconcile, and maintain a variety of accounting and financial data and information, including financial closings, forecasts, preparing a variety of reports and review and research of business unit profit and loss. This role is a business partner to... ...

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Transportation Finance Manager• H&M Group

Company Description

As one of the world's largest fashion companies with more than 171,000 employees worldwide, H&M is an exciting and dynamic place to pursue a career within the fashion industry. Our business concept is to offer fashion and quality at the best price in a sustainable way and with our fast expansion we are always looking for new talents. Would you like to be part of our team? H...

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Finance Manager - Financial Planning & Analysis• Marsden South

Overview

Marsden South is a facility services provider of commercial janitorial, building maintenance and specialty property services with operations serving customers throughout the Southern United States. Marsden is a building services contractor known for its operational excellence and its ability to provide great services to small businesses and large multi-state or multi-regional companie...

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