As a manager, a person who has a position in the company's financial managers certainly have duties and responsibilities that are not much different from other managers. The only difference lies in what is handled, namely the issue of financial management.
As formulated by George R. Terry, management functions consist of Planning, Organizing, Actuating, Controlling (POAC). For financial managers of course also have tasks to make planning, organizing, directing and controlling corporate finance.
A financial manager is fully responsible for the company's finances and takes important decisions in every company's investment and spending money. Decisions about investing, financing of business activities and dividend payout of a company become the main task that must be run well so that the wheels of the company can continue to run.
In the practice of managing corporate finance, a financial manager is usually also required to be able to get various sources of capital and able to use them effectively, efficiently, and as productively as possible to generate maximum profits that increase the value of the company.
The main tasks of financial managers in general can be spelled out into four things:
- As a manager he should be able to work with other managers, in charge of planning and forecasting some aspects of the company including general corporate financial planning.
- Taking important investment and various financing decisions and all matters related to the decision.
- Running and operating the life of a company efficiently by collaborating with other managers.
- As a liaison between the company and the financial market so that it can get funds and trade corporate securities.
While the big responsibilities of a financial manager are:
- Make decisions related to investment
- Make decisions related to spending
- Make decisions related to dividends
- Plan, organize and control corporate planning, reports and financing
- Plan, organize and control the company's cash flow
- Plan, organize and control the company's budget
- Plan, organize and control the development of corporate financial systems and procedures
- Plan, organize and control financial analysis
- Plan, organize and control to maximize corporate value
Financial management decisions within the company are expected to always support the smooth operation and management strategies to be effective and efficient, while maintaining the financial health of the entity, measured in terms of profitability, liquidity and solvency.
