Type in a career question:

What is a Financial Manager?

1 Answer(s)
Top Answer
Talent.com talent.com
Answered November 26 2021
Career Expert at Talent.com
The world of Financial Managers is rife with the flow of money and other assets. These highly financially astute professionals use their deep understanding of state laws, regulations, and financial procedures daily. They are also in charge of reviewing and reporting the profits and performance of their employers.  
Responsibilities and tasks of Financial Managers may vary from one company to another. Depending on the company's size and the client they service, this role will change to adapt to the necessities of their client base. For example, the Financial Manager of a food chain service should have some background and knowledge in culinary businesses. Or, a Financial Manager working for an IT company would be concerned with the latest advancements in that field.  
Professionals in this field will need to apply their financial skills to the specific market and niche they serve. Financial Managers also face a competitive job market. Those who can also handle international finance and the increasingly complicated world of financial instruments and securities, including derivatives, will be the most marketable.

Personality of a Financial Manager
  • They are incredibly resourceful
Financial Managers influence their clients to take the initiative and often are forward in their approach and thinking. However, well-respected financial managers can be quite candid, though they don't consider their influence negatively. They adhere to stringent legal and compliance guidelines. Transparency among Financial Managers is incredibly valued, as well as following a strict code of conduct. There is a misconception that managing finances can be a shady practice. Still, we can all rest assured that practicing Financial Managers keep their clients' finances above board and within the law. 
  • They are natural-born leaders
Financial Managers are self-starters who are obsessed with their dedication to the craft. It takes years of proven results to gain trust in the industry. Therefore, Financial Managers who often take a back seat can find themselves with less lucrative work and clients. Making a name for oneself in this industry involves a lot of outgoing communication skills. Financial Managers who talk the talk are often the ones who get to prove they too can walk the walk. 
  • They have a passion for lifelong learning  
Often most who enter the working world obtain a degree or diploma and never look back, but this isn't the case for Financial Managers. The expectation is that they stay at the top of their game, and they achieve this by constantly seeking out new opportunities to continue their learning. The industry is continuously changing, and new regulations are being written and formed every few years. It is within the best interest of the Financial Manager seeking to move up to continue to improve their skills and build their reputation, staying certified with accreditations every few years.