The finance manager should manage funds in such a manner as to maximize return on investment while minimizing risk.
Ensuring that an adequate control structure is in place over the transfer and investment of funds.
Engages in financial analysis in such areas as forecasting, budgeting, engaging in cost reduction analysis.
Reviewing operational performance.
Oversees the daily accounting activities required to maintain the general ledger.
Supervises, directs, and reviews the work of the accounting staff (including, but not limited to, cash reconciliations, trust account statement reconciliations, check runs, accounts receivable transactions, fixed asset activity, accounts payable transactions, debt activity, recording of revenue and expenses, etc.).
Cash management (including placement/movement of funds in various trusts).
Maintains organized set of detailed records and files to document financial transactions.
Resolves complex accounting issues or assists other personnel in resolving financial issues.
Reviews general ledger on a monthly basis to ensure accuracy of posting.
Produces financial reports.
Coordinates monthly, quarterly, and annual closing activities.
Produces quarterly and annual financial statements and financial reports.
Makes and implements recommendations to improve accounting processes and procedures.
Maintains a documented system of accounting policies and procedures
Manages outsourced functions
Oversees the operations of the treasury department
D. Funds Management
Forecasts cash flow positions, related borrowing needs, and available funds for investment
Ensures that sufficient funds are available to meet ongoing operational and capital investment requirements
Uses hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions
Maintains banking relationships
Assists in determining the company's proper capital structure
Arranges for equity and debt financing
Recommends appropriate dividend issuances, based on historical dividend patterns and expected cash flows
Manages the preparation of the company's budget
Reports to management on variances from the established budget, and the reasons for those variances
Assists management in the formulation of its overall strategic direction
F. Financial Analysis
Engages in ongoing cost reduction analyses in all areas of the company
Reviews the performance of competitors and report on key issues to management
Engages in benchmarking studies to establish areas of potential operational improvement
Interprets the company's financial results to management and recommends improvement activities
Participates in target costing activities to create competitive pricing models
Compiles key business metrics and report on them to management
Manages the capital budgeting process, based on constraint analysis and discounted cash flow analysis
Creates additional analyses and reports as requested by management