A Finance Manager distributes the financial resources of a company, is responsible for the budget planning, and supports the executive management team by offering insights and financial advice that will allow them to make the best business decisions for the company.

Finance Manager duties and responsibilities of the job

As a crucial member of the finance team, a typical Finance Manager job description should include, but not be limited to:

• Managing and coordinating monthly reporting, budgeting, and forecast processes.
• Monitoring cash flow.
• Collecting, interpreting, and reviewing financial information
• Predicting future financial trends
• Reporting to management and stakeholders, and providing advice about how the company and future business decisions might be impacted
• Producing financial reports related to budgets, account payables, account receivables, expenses etc.
• Developing long-term business plans based on these reports
• Oversee the overall corporate budgeting preparation, management, and monitoring processes.
• Developing strategies that work to minimize financial risk
• Analyzing market trends and competitors
• Perform financial analysis, reporting, and management activities
• Review financial data for accuracy, correctness, and completeness
• Establish key financial strategies to enhance business profitability
• Ensure the financial team follows company policies and regulations
• Develop standard accounting procedures to improve financial operations efficiency
• Participate in performance evaluation of finance staff and conduct counseling sessions to identify skill development needs
• Review annual budgets and recommend any changes if needed
• Assist in account payable and receivable activities
• Perform account reconciliation activities
• Generate financial reports related to budgets, account payables, account receivables, expenses, etc.
• Establish accurate forecasts regarding expenses and revenues and manage regular reporting requirements
• Providing insights on the financial health of the organisation
• Ensuring the business meets all its statutory and compliance obligations, including statutory accounting and tax issues
• Looking for cost-reduction opportunities
• Developing relationships with external contacts such as auditors, solicitors, and HM Revenue & Customs

Should be Chartered Accountant (CA) and several years’ experience in the financial field will be required to gain a Finance Manager role

As well as formal qualifications, a Finance Manager job description should detail the following qualities:

• An analytical mind
• Negotiation skills and the ability to develop strong working relationships
• Commercial and business awareness
• Good communication skills – both written and verbal
• A keen eye for detail and desire to probe further into data
• Ability to stick to time constraints