2017 Financial Managers
Median Pay: US$117,990
Entry Level: Bachelor's degree
Summary
Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.
Duties

Financial managers typically do the following:

  • Prepare financial statements, business activity reports, and forecasts
  • Monitor financial details to ensure that legal requirements are met
  • Supervise employees who do financial reporting and budgeting
  • Review company financial reports and seek ways to reduce costs
  • Analyze market trends to maximize profits and find expansion opportunities
  • Help management make financial decisions

The role of the financial manager, particularly in business, is changing in response to technological advances that have substantially reduced the amount of time it takes to produce financial reports. Financial managers' main responsibility used to be monitoring a company's finances, but they now do more data analysis and advise senior managers on ways to maximize profits. They often work on teams, acting as business advisors to top executives.

Financial managers also do tasks that are specific to their organization or industry. For example, government financial managers must be experts on government appropriations and budgeting processes, and healthcare financial managers must know about topics in healthcare finance. Moreover, financial managers must be knowledgeable about special tax laws and regulations that affect their industry.

The following are examples of types of financial managers:

Chief financial officers (CFOs) are accountable for the accuracy of a company's or organization's financial reporting, especially among publicly traded companies. As head of a company's entire financial department, they manage the lower level financial managers. They oversee the company's financial goals, objectives, and budgets.

Controllers direct the preparation of financial reports that summarize and forecast the organization's financial position, such as income statements, balance sheets, and analyses of future earnings or expenses. Controllers also are in charge of preparing special reports required by governmental agencies that regulate businesses. Often, controllers oversee the accounting, audit, and budget departments of their organization.

Treasurers and finance officers direct their organization's budgets to meet its financial goals. They oversee the investment of funds and carry out strategies to raise capital (such as issuing stocks or bonds) to support the firm's expansion. They also develop financial plans for mergers (two companies joining together) and acquisitions (one company buying another).

Credit managers oversee their firm's credit business. They set credit-rating criteria, determine credit ceilings, and monitor the collections of past-due accounts.

Cash managers monitor and control the flow of cash that comes in and goes out of the company to meet the company's business and investment needs. For example, they must project cash flow (amounts coming in and going out) to determine whether the company will have a shortage or surplus of cash. 

Risk managers control financial risk by using strategies to limit or offset the probability of a financial loss or a company's exposure to financial uncertainty. Among the risks they try to limit are those that stem from currency or commodity price changes.

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 the costs imposed by a lawsuit against the company.

Nutrition Analyst, Child Nutrition Program (19-20)

Type: Full Time, Full Time Alumnus
At IDEA Public Schools, we believe in college for ALL and we are committed to ensuring that all of our students graduate from college. IDEA Public Schools has grown from a small school to the fastest-growing network of tuition-free Pre-K-12 public charter schools in the United States sending 100%...
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Nutrition Analyst, Child Nutrition Program (19-20)

Type: Full Time, Full Time Alumnus
At IDEA Public Schools, we believe in college for ALL and we are committed to ensuring that all of our students graduate from college. IDEA Public Schools has grown from a small school to the fastest-growing network of tuition-free Pre-K-12 public charter schools in the United States sending 100%...
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Human Resources Specialist (Recruitment & Placement)

Type: Full Time, Full Time Alumnus
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ETF Portfolio Management Analyst

Type: Full Time, Full Time Alumnus
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Downers Grove, IL

Intern - Purchasing

Type: Internship
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People Resource Generalist (HR Generalist)

Type: Full Time, Full Time Alumnus
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Financial Pacific Leasing Funding Support Coordinator (Federal Way)

Type: Full Time, Full Time Alumnus
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Type: Full Time, Full Time Alumnus
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Chief Operating Officer

Type: Full Time, Full Time Alumnus
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Pharmacy Intern

Type: Internship
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Omaha, NE

Summer Intern - Laboratory Testing

Type: Internship
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Account Coordinator

Type: Full Time, Full Time Alumnus
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Program Assistant

Type: Full Time, Full Time Alumnus
Pay Band: 2 Assistant /AssociateFLSA Status: Non-ExemptThe Higher Education Department administers a wide range of scholarship programs brining undergraduate and graduate students from such countries as Russia, Kosovo, and Timor-Leste to study a broad range of disciplines at higher education...
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IT Audit Intern, Fall 2019

Type: Internship
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IT Intern, ERP Systems

Type: Internship
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Park Maintenance Worker II AF

Type: Full Time, Full Time Alumnus
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Staff Accountant - Intern

Type: Internship
Job Summary:Performs day-to-day accounting functions, and assists in the preparation of weekly and monthly financial reports for a designated area.Essential Job Functions:Prepares monthly journal entries, reconciles general ledger accounts monthly, and conducts necessary account analysis and...
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Quality Control Technician Intern - HK

Type: Internship
Job ID: 149585HK Contractors, a CRH company, is a member of the CRH West Division; Our purpose, commitment to the future, and formula for growth is to champion the safety, empowerment, and development of our employees. We strive to be the preferred source of quality sand, rock, landscape products,...
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CRH
Idaho Falls, ID

Business Administrator - Implementation Science

Type: Full Time, Full Time Alumnus
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Alternative Investments Research Intern

Type: Internship
Artivest ( https://artivest.co/press/ ) is searching for a talented, motivated intern to join its Research & Investment Solutions team. The right candidate must have the temperament to thrive in our high-velocity, demanding business culture and enjoy interacting with high-octane, committed co-...
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San Diego, CA