Financial Managers Gio Perazo

Job Description The duties of financial managers vary with their specific titles, which include controller controller treasurer or finance officer treasurer or finance officer credit manager credit manager cash manager cash manager risk and insurance manager risk and insurance manager manager of international banking manager of international banking

direct the preparation of financial reports and are also in charge of preparing special reports required by regulatory authorities. Often, controllers oversee the accounting, audit, and budget departments. Controllers direct the preparation of financial reports and are also in charge of preparing special reports required by regulatory authorities. Often, controllers oversee the accounting, audit, and budget departments. and direct their organization's budgets to meet its financial goals. They oversee the investment of funds, manage associated risks, supervise cash management activities, execute capital- raising strategies to support the firm's expansion, and deal with mergers and acquisitions. Treasurers and finance officers direct their organization's budgets to meet its financial goals. They oversee the investment of funds, manage associated risks, supervise cash management activities, execute capital- raising strategies to support the firm's expansion, and deal with mergers and acquisitions. oversee the firm's issuance of credit, establishing credit-rating criteria, determining credit ceilings, and monitoring the collections of past-due accounts. Credit managers oversee the firm's issuance of credit, establishing credit-rating criteria, determining credit ceilings, and monitoring the collections of past-due accounts. monitor and control the flow of cash receipts and disbursements to meet the business and investment needs of their firm. Cash managers monitor and control the flow of cash receipts and disbursements to meet the business and investment needs of their firm. and oversee programs to minimize risks and losses that might arise from financial transactions and business operations. Insurance managers decide how best to limit a company’s losses by obtaining insurance against risks such as the need to make disability payments for an employee who gets hurt on the job or costs imposed by a lawsuit against the company. Risk and insurance managers oversee programs to minimize risks and losses that might arise from financial transactions and business operations. Insurance managers decide how best to limit a company’s losses by obtaining insurance against risks such as the need to make disability payments for an employee who gets hurt on the job or costs imposed by a lawsuit against the company.

Job Outlook Employment growth for financial managers is expected is to be as fast as the average for all occupations. However, applicants will likely face keen competition for jobs. Those with a master's degree and certification will have the best opportunities.

Work environment. Working in comfortable offices, often close to top managers and with departments that develop the financial data those managers need, financial managers typically have direct access to state-of- the-art computer systems and information services. They commonly work long hours, often up to 50 or 60 per week. Financial managers generally are required to attend meetings of financial and economic associations and may travel to visit subsidiary firms or to meet customers.

All About the MONEY

Median annual wages, excluding annual bonuses and stock options, of wage and salary financial managers were $99,330 in May The middle 50 percent earned between $72,030 and $135,070. Median annual wages in the industries employing the largest numbers of financial managers were: *Large organizations often pay more than small ones, and salary levels also can depend on the type of industry and location. Many financial managers in both public and private industry receive additional compensation in the form of bonuses which, like salaries, vary substantially by size of firm. Deferred compensation in the form of stock options is common, especially for senior- level executives. Securities and commodity contracts intermediation and brokerage $134,940 Management of companies and enterprises $115,520 Insurance carriers $110,750 Local government $78,650 Depository credit intermediation $77,280

But “the top 10% is making up to $80.00 per hour or $166,400 per year.”

Making it in College A bachelor's degree in finance, accounting, economics, or business administration is the minimum academic preparation for financial managers. Many financial managers work in accounting departments. Accounting positions normally require workers to be certified public accountants (CPAs).

Financial managers should Be creative thinkers and problem- solvers applying their analytical skills to business. Be creative thinkers and problem- solvers applying their analytical skills to business. Have Interpersonal skills to work in jobs that involve managing people and working as part of a team to solve problems. Have Interpersonal skills to work in jobs that involve managing people and working as part of a team to solve problems. Have Excellent communication skills to explain complex financial data. Have Excellent communication skills to explain complex financial data.

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Remember Continuing education is vital to financial managers, who must cope with the growing complexity of global trade, changes in Federal and State laws and regulations, and the proliferation of new and complex financial instruments. Continuing education is vital to financial managers, who must cope with the growing complexity of global trade, changes in Federal and State laws and regulations, and the proliferation of new and complex financial instruments.