Question

Identify three key financial managers in an organization and their major responsibilities.

Answer 1

Key financial managers in an organization :-

"Financial Managers are in charge of an organisation's financial security."
They produce annual results, direct investment activities, and develop strategies and plans for their organisation's
long-term financial goals. In several ways, financial analysts operate, like the banks and insurance firms. In addition
to new changes that have significantly reduced the amount of time it takes to generate financial reports, the position
of the financial manager, especially in business, is changing.

Financial managers work responsibilities like :
1) Prepare financial statements, all business activity reports, and forecasts it,
2) Monitor financial details to ensure that legal requirements are met,
3) Supervise employees who do financial reporting and budgeting,
4) Review & Analyze market trends to find opportunities for expansion or for acquiring other companies,
5) Help to management for making any financial decisions.

Three key financial managers in an organization and their major responsibilities.:-

1) Controllers or Control managers : They coordinate the preparation of financial reports that summarize and forecast the financial position of the organization, such as income statements, balance sheets and future earnings
or expense forecasts.
Controllers are also responsible for preparing special reports which are mandated by government agencies
regulating businesses. Controllers also supervise the accounting, auditing and budget divisions as well into manner.

2) Treasurers and finance manager : They are coordinating budgets for their company to achieve their financial
goals. They monitor fund investments. They implement capital raising strategies like issuing stocks or bonds to support the company 's expansion.They also develop financial plans for mergers and acquisitions.

3) Cash managers : They control and manage the cash flow that comes in and goes out of the company to fulfill
the sales and expenditure needs of the business. For example, they have to forecast cash flow (amounts coming in and going out) to decide whether the company won't have enough cash ,or will have more cash than required.

Inspite of above I think Risk manager, Insurance manager is also also key part of organizations finanacial assistanse, which will make thier own performance to make good decision towards organization as well manner.