The senior finance manager is responsible for many of the monetary operations and decision for their organization. The senior finance manager controls a large amount of a company's capital, including how that capital is spent. To decide how the company's money is best spend, the senior finance manager must be able to create forecasts that explain and predict the results of particular investments. In addition, the senior finance manager is responsible for compiling information on assets and sales (as applicable), and communicating these figure to executives and subordinate managers in the organization. Finally, a senior finance manager is responsible for keeping open lines of communication with business partners to discuss potential joint ventures.
A senior finance manager typically needs a bachelor’s degree in finance, accounting, or another business-related field, as well as financial experience in their company's field (retail, manufacturing, etc.). In addition, the individual must have excellent communication and analytical skills and the ability to handle large, important decisions.
Senior Finance Manager Tasks
- Produce periodic reports on the performance of business initiatives and adherence to budgets.
- Develop and review organization’s budget, using forecasts and models to determine how to allocate funds.
- Supervise staff evaluating organization’s financial performance, generating reports, analysis, and models.
- Manage organization’s investments and cash needs, proposing changes in policies and procedures as new situations arise.