A financial manager is responsible for providing financial advice and support to clients and colleagues to enable them to make sound business decisions. Specific work environments vary considerably and include both public and private sector organisations, such as multinational corporations, retailers, financial institutions, NHS trusts, charities, manufacturing companies, universities and general businesses.
Financial considerations are at the root of all major business decisions. Clear budgetary planning is essential for both the short and long term, and companies need to know the financial implications of any decision before proceeding. In addition, care must be taken to ensure that financial practices are in line with all statutory legislation and regulations.
Financial managers may also be known as financial analysts or business analysts.
The roles of financial managers vary significantly. The generic nature of the job title can be misleading as the level and scope of the responsibilities involved in any role can differ enormously. In larger companies for instance, the role is more concerned with strategic analysis, while in smaller organisations, a financial manager may be responsible for the collection and preparation of accounts.
In general, tasks across roles may include:
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