Financial Manager Job roles, responsibilities, descriptions and duties

Financial Manager Job roles, responsibilities, descriptions and duties

Date of posting: 13 Jan 20

What are the job roles and responsibilities of an Financial Manager?



Financial managers advise clients on proper business planning and help in decision-making processes to ensure that businesses are financially successful.


A wide range of organizations have financial managers including financial institutions, supermarkets, insurance companies, manufacturers, charities, utilities, local government, health authorities, industrial organizations, retailers, universities/colleges, IT companies and engineering firms.


Responsibilities of the job include:


  • preparing and interpreting reports and financial statements

  • undertaking strategic analysis and assisting with strategic planning

  • producing a long-term business plan

  • undertaking research into pricing and factors affecting performance

  • controlling income, cash flow, and expenditure

  • managing budgets

  • developing and managing financial systems

  • carrying out business modeling and risk assessment




Qualifications and training required

Careers in financial management is open to university graduates and school leavers. Graduates may have a degree in any discipline, employers may prefer qualifications in accountancy, statistics, economics, mathematics or business subjects. A degree can reduce the length of time taken to gain professional qualifications with the accountancy bodies, enabling exemptions from a number of examinations. 



Key skills for financial managers

  • good oral and written communication skills

  • self-motivation 

  • commercial awareness 

  • Excellent problem-solving, analytical, technical, IT and numerical abilities