What does a Financial Manager do? | FAQs

2 minutes   |  FINANCE

Do you want to know what a Financial Manager does? As the leader within a business, a Financial Manager’s responsibilities can range from budgeting and cost management, to ensuring a business is being run safely and responsibly.

Financial Managers are responsible for the financial well-being of organisations. Click To Tweet

In this short video, Gareth Cotten, Head Tutor of the UCT Financial Management online short course, gives you a quick overview of the role of a Financial Manager.

If you’ve been interested in the job opportunities in financial management, you’ll first need to find out exactly what the finance management role entails. As a Financial Manager, you’ll be responsible for the financial well-being of your organisation. This means the role of Financial Manager is significantly inward-looking, holding an internal focus helping you keep the organisation to budget. You’ll also be responsible for ensuring profits are being looked after and costs are under control and not being wasted. Overall, considering all of these tasks, the financial manager needs to ensure the organisation is running smoothly aided by sound financial management.

These tasks are added to a specific set of skills any high-performing Financial Manager or Financial Planner needs to have on their side if they want to make the most of what the industry has to offer.


Interested in securing the role of Financial Manager or Financial Planner?

Find out how the UCT Basics of Financial Management online short course will give you the skills you need to get there.

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Transcription

A Financial Manager’s job is to basically look after the financial health of a business. So they are going to have more of an internal focus – they want to make sure that the business is keeping to budget, that profits are being looked after, that costs are being controlled and that the business is being run as financially safely and soundly as possible.