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.

Administrator- Department of Pediatrics

Type: Full Time, Full Time Alumnus
As one of the nation's leading pediatric health care systems, Nemours is committed to providing all children with their best chance to grow up healthy. We offer integrated, family-centered care to more than 300,000 children each year in our pediatric hospitals, specialty clinics and primary...
Apply Share
Wilmington, DE

Registered Nurse (RN Educator - Mental Health)

Type: Full Time, Full Time Alumnus
DutiesSummaryYou could be part of an important initiative to provide mental health care for our nations Veterans!The VA has adopted Core Values and Characteristics that apply universally across the Department. The five Core Values define "who we are," our culture, and how we care for...
Apply Share

Summer Intern, Development

Type: Internship
OverviewOVERVIEWPattern Energy Group is an independent, fully integrated energy company that develops, constructs, owns and operates renewable energy projects and transmission assets across North America, Japan, and parts of Latin America. The company focuses primarily on wind, solar and...
Apply Share

Veterans Hiring and On-boarding Intern

Type: Internship
Job DescriptionThe National Rural Electric Cooperative Association (NRECA), with offices in Arlington, VA and Lincoln, NE is the trade association for over 900 consumer-owned electric cooperatives serving more than 42 million people. NRECA is committed to harnessing the strength of America's...
Apply Share

Project Management Undergrad Intern

Type: Internship
Lay the groundwork for a dynamic future with an industry leader. At Kaiser Permanente, you'll forge lasting relationships with colleagues across the organization while enjoying the opportunity to grow your experience and hone your expertise on assignments that have real impact. Our interns...
Apply Share

Employee Benefits Communications Intern

Type: Internship
Job DescriptionThe National Rural Electric Cooperative Association (NRECA), with offices in Arlington, VA and Lincoln, NE is the trade association for over 900 consumer-owned electric cooperatives serving more than 42 million people. NRECA is committed to harnessing the strength of America's...
Apply Share

Business Analyst Intern

Type: Internship
Job SpecificationsThe Summer Internship Program at Black Hills Energy is far from ordinary. You will tackle a real-world project and present it to members of our Executive Team. These projects are designed to enhance your communication and teamwork skills, as you will be collaborating with...
Apply Share

Program Analyst

Type: Full Time, Full Time Alumnus
DutiesSummaryAbout the Position: The New Orleans District provides for navigation, flood and hurricane risk reduction, environmental stewardship, and other water resources needs to benefit the people of southern Louisiana and the nation. The offices are located in modern energy efficient buildings...
Apply Share

Data Managment Undergrad Intern

Type: Internship
Lay the groundwork for a dynamic future with an industry leader. At Kaiser Permanente, you'll forge lasting relationships with colleagues across the organization while enjoying the opportunity to grow your experience and hone your expertise on assignments that have real impact. Our interns...
Apply Share

CCNC - Youth Residential Crew - Summer 2019

Type: Full Time, Full Time Alumnus
Title: Residential Youth Crew MemberReports to: Crew LeaderLocation: North CarolinaTerm: June 17 - July 12 OR July 22 - August 16Status: Full Time, Exempt, SeasonalBenefit Eligible: None per Personnel PoliciesEligible applicants will be contacted regarding these positions beginning in mid to late...
Apply Share

Equity Research Intern

Type: Internship
Job DescriptionThe National Rural Electric Cooperative Association (NRECA), with offices in Arlington, VA and Lincoln, NE is the trade association for over 900 consumer-owned electric cooperatives serving more than 42 million people. NRECA is committed to harnessing the strength of America's...
Apply Share

Product Content Intern

Type: Internship
The Content Intern acts as a liaison between Tenneco and the customer in areas relating to, but not limited to, paper cataloging, electronic data, data requirements and strategic initiatives. He/she will also assist with customer Content Team relations, Tenneco publication strategic planning and...
Apply Share

Field Operations Intern/Co-op

Type: Internship
Requisition DetailsJob Description:Speedway is committed to your success. After all, it's also our success. Ours is a working environment with real projects, real budgets, real business goals, and very real rewards for someone looking for hands-on experience in the real world. Don't worry...
Apply Share

Software Development, Intern

Type: Internship
Position DescriptionWhat does a great Software Engineering Intern do?Fiserv's Summer Intern program offers college students the chance to gain hands-on software development experience with an innovative leader in fintech in the business-to-business space. You will have the opportunity to use...
Apply Share
Township of Warren, NJ

Intern Project Engineer

Type: Internship
University Mechanical & Engineering Contractors, Inc. (UMEC), Southern California's leading value-added mechanical contractor, is backed by the strength and stability that comes with almost a century of customer care. UMEC is a subsidiary of EMCOR Group, Inc.-the world's leading...
Apply Share
El Cajon, CA

Audit Intern - Summer 2020

Type: Internship
JOB DESCRIPTIONWith over 100 offices and nearly 5,000 associates in major metropolitan areas and suburban cities throughout the U.S. CBIZ (NYSE: CBZ) delivers top-level financial and employee business services to organizations of all sizes, as well as individual clients, by providing national-...
Apply Share
Memphis, TN

Tax Intern - Spring 2020

Type: Internship
JOB DESCRIPTIONWith over 100 offices and nearly 5,000 associates in major metropolitan areas and suburban cities throughout the U.S. CBIZ (NYSE: CBZ) delivers top-level financial and employee business services to organizations of all sizes, as well as individual clients, by providing national-...
Apply Share
Memphis, TN

CFO Bayfront Health-St. Petersburg, FL

Type: Full Time, Full Time Alumnus
Bayfront Health St. Petersburg is a level II trauma and tertiary care center. We are licensed as a 480-bed hospital and include a comprehensive inpatient rehabilitation unit conveniently located on campus. Bayfront Health St. Petersburg has over 550 affiliated physicians and serves as an academic...
Apply Share

CEO Bayfront Health St. Petersburg-St. Petersburg, FL

Type: Full Time, Full Time Alumnus
Bayfront Health St. Petersburg is a level II trauma and tertiary care center. We are licensed as a 480-bed hospital and include a comprehensive inpatient rehabilitation unit conveniently located on campus. Bayfront Health St. Petersburg has over 550 affiliated physicians and serves as an academic...
Apply Share

Corporate Insurance Intern

Type: Internship
The intention of this position is to expose the intern to a meaningful range of insurance information and processes, policy documents, core risk management functions relating to insurance, the art of questioning, and the overall risk management structure of a large publicly-traded company in the...
Apply Share
Cleveland, OH