What are the function of Financial Manager?

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Finance manager play different- different role in organization. Finance manager’s function depends on nature of company & types of work assignment to him.

For Example: Auto showroom, there is a finance manager who only deals in loan of vehicle, he study customer profile, Salaried or self-employed, theirs banking, Income statement, Existing any loan from any bank, loan amount requested, rate of interest required to him. Loan sanctions, delivery order from bank and loan amount disbursal to Dealer ship Account.

Here are below functions which finance managers basically do.

 

Cash management:-Present days cash management play a major role in the area of finance because proper cash management is not only essential for effective utilization of cash but it is also help to meet short term liquidity position of concern. 

Investment decision: finance manager must carefully select best investment alternative and consider reasonable and suitable return on investment. He must be well versed in the field of capital budgeting techniques to determine the effective utilization of investment.

Acquiring necessary capital: When there is shortage of fund to run the business, finance manager concentrate how to mobilized fund from. Company issue the IPO, commercial paper, share to pool the fund from people.

Forecasting financial requirement: It is finance manager responsibility to acknowledge management financial requirement in future. This requirement may be purchase of land or machinery for company. To maintain the cash reserve and surplus or to meet the working capital in the future.

Financial planning: Financial planning is the important part of business concern. It helps the organization about proper utilization of fund for a period.

Promoting savings: A good finance manager always focus on & promote on organization saving. When company earn maximum profitability and maximizing wealth.


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