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Financial Manager

Job Summary

Responsible for directing financial strategies at a company and overseeing the preparation of financial reports and direct investment activities. Approve or reject lines of credit and commercial, real estate, and personal loans.

Primary responsibilities

  • Prepare or oversee the preparation of financial reports, such as income statements, balance sheets, and analyses of future earnings or expenses.
  • Manage the activities of workers in branches, offices, or departments of such establishments as branch banks, brokerage firms, risk and insurance departments, or credit departments.
  • Summarize and forecast on the state of the company's financial affairs.
  • Preside over budgets to set and meet goals.
  • Oversee the investment of funds, manage associated risks, supervise cash management activities, and execute capital-raising strategies to support the firm's expansion.
  • Establish procedures for custody and control of assets, records, loan collateral, and securities, in order to ensure safekeeping.
  • Coordinate risk and insurance programs of establishments to control risks and losses.
  • Prepare risk reports for management conferral.
  • Communicate risks and profits with stockholders and other investors.
  • Evaluate financial reporting systems, accounting and collection procedures, and investment activities, and make recommendations for changes to procedures, operating systems, budgets, and other financial control functions.
  • Monitor and control the flow of cash receipts and disbursements.
  • Determine whether loans must be obtained to meet cash requirements or whether surplus cash can be invested.
  • Solicit business, authorize loans, and direct the investment of funds, always adhering to Federal and State laws and regulations.
  • Develop financial and accounting systems for banking transactions.

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