Financial Managers, Branch or Department Career Video
Description: Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.
Video Transcript
How do businesses steer clear of major risks, and stay on the up side of profit? You’d have to ask a financial manager! They keep a constant eye on operational costs, and evaluate the financial strengths and weaknesses of a company’s interests. Most financial managers work at a high level, advising top executives in an organization on broad decisions for its future. Being well-versed in legal requirements and current market trends gives them insight into how their organization can expand and acquire new assets, and where they could cut costs. Minimizing loss and damages is a major focus in this role, so they must understand what factors pose a risk to their organization’s success, and track them carefully. These managers review a lot of data and many reports, and use that information to propose new strategies to leaders. At the same time, like other managers, they hire and supervise employees. Financial managers usually have a bachelor’s degree in finance, business administration, or economics. Increasingly, employers choose candidates with a master’s degree or higher. Overseeing the finances of an organization is a challenging job, but financial managers make it all add up.