There are a number of finance manager careers to choose from. You can opt to be a:
* Bank manager
* Risk manager
* Insurance manager
* Credit manager
* Cash manager
For you to qualify for a management position in the financial industry, you need to be equipped with a degree in any of the business-related fields. This is because most of the jobs are inclined towards a number of business and calculating skills. Job description is largely determined by the position that a person holds. The following are key positions:
The role of a treasurer is to supervise how a company’s money is handled. They also dictate how the money in a small enterprise will be used. Creation of the company’s budget also falls within their docket. Treasurers are responsible for the allocation of the company resources. Some companies give their treasurers the power to distribute cash and handle cheques.
As the name suggests, bank managers are responsible for the management of banks. Managing of banks is a very diverse job. There are a number of situations in which a bank manager can work in. International banks, credit unions or local banks are suitable work environments for people of this stature. The bank manager supervises the other employees in their designated branches. They also influence the investment of the bank as well as solicit business.
They are in charge of ensuring that any risks associated with a certain transaction do not go beyond the goals of their employers. They can work for companies or get hired by personal individuals. They evaluate any financial dealings and determine the amount of risk involved in them.
They are affiliated to risk management in relation to the financial situations. They are in charge of ensuring that the company or individual who hires them is effectively insured against certain risks. They can assess the insurance cover for each of the assets. Insurance managers are expected to advise their clients on the best insurance cover to settle for.
The role of these financial managers is to prepare financial reports. They can also assist other people create their own financial reports. Examples of such reports are the analysis projection and the balance sheets. Income statements are also in their domain. They can find employment in the private and public companies or in the small private establishments.
Cash managers oversee the distribution of cash; they evaluate receipts that account for the disbursed money. Credit managers on the other hand evaluate and give credit to potential debtors.