Financial managers strive to put
their business on solid financial footing;
they help businesses steer clear of major risks
and keep on the up side of profit.
Financial managers keep a constant eye
on the costs of running the company
analyzing data to produce financial reports
and direct plans for a company’s
long-term success.
They may oversee
the organization’s investment activities,
manage its international banking,
insurance, or credit.
Most financial managers
work at a high level,
advising the organization’s top executives
on broad decisions for its future.
Understanding legal requirements
and current market trends
helps them determine ways
their organization can maximize profits,
and where to cut spending.
Like other managers,
they also hire and supervise employees.
Different types of financial managers
are experts in their own industry,
for example healthcare financial managers
know the special tax laws and regulations
that affect healthcare,
and government financial managers
understand government appropriations
and budgeting processes.
Most companies, organizations,
and government agencies
rely more and more on financial managers.
Full-time work schedules are typical,
and overtime is common.
Financial managers usually have
five years or more work experience
in a related field,
in addition to a bachelor’s degree in finance,
business administration, or economics.
Increasingly, employers choose candidates
with a master’s degree or higher.