Finance Manager Responsibilities: Key Tasks & Duties

The task and responsibility of a finance manager can vary depending on the company and industry they work in, but generally involve:

Financial planning and analysis: Finance managers are responsible for creating financial plans and budgets, analyzing financial data and providing recommendations to senior management for improving financial performance.
Cash management: Finance managers must ensure that the company has sufficient cash to meet its financial obligations, while also managing cash flow and investment decisions.
Risk management: Finance managers must identify, assess and manage financial risks, such as credit risk, market risk, and operational risk.
Financial reporting: Finance managers are responsible for preparing and presenting financial reports to senior management, board of directors, and external stakeholders.
Compliance: Finance managers must ensure that the company complies with all relevant financial regulations and accounting standards.
Cost management: Finance managers must control and optimize costs, including managing expenses and negotiating with suppliers and vendors.
Strategic planning: Finance managers must work with senior management to develop and implement financial strategies that align with the company's overall goals and objectives.