Finance managers assist individuals and organisations with the management of their finances and accounts, helping them maintain financial records and advising them on any legal compliance issues.
A financial manager is responsible for providing financial advice and support to clients and colleagues to enable them to make sound business decisions. Specific work environments vary considerably and include both public and private sector organisations, such as multinational corporations, retailers, financial institutions, trusts, charities, manufacturing companies, universities and general businesses.
Financial considerations are at the root of all major business decisions. Clear budgetary planning is essential for both the short and long term, and companies need to know the financial implications of any decision before proceeding. In addition, care must be taken to ensure that financial practices are in line with all statutory legislation and regulations.
Financial managers may also be known as financial analysts.