The main responsibility of the finance executives is to manage expenses, income, investments and other money transactions so that the organizations remain lucrative. Most of the finance executives work for insurance and finance companies, as well as scientific and technical services, government and manufacturing companies. Financial executives usually are hired on a permanent basis and working for long hours is usually quite common.
Bharti Jogia-Sattar on the Job Responsibilities of the Finance Executives
Bharti is a reputed financial executive and is also an investments expert, and accountant based in the greater Los Angeles metropolitan area. She says that if it has to do with money, then it has to do with finance executives, who supervise the company cash. A financial executive is responsible to generate and examine financial reports such as profit projections and cash-flow statements, find ways to develop monetary performance, and make sure that their establishments come across all appropriate principles, laws and regulations. The executive meets with department leaders on a regular basis to assist with tax planning and budgeting and to provide methods to upsurge profits while reducing costs. A financial executive also inspects financial tendencies and how opponents are working to expand their financial trends.
Bharti Jogia-Sattar says that the responsibilities of the financial executive may differ as per their job titles. For instance, finance officers and treasurers take charge of finances and improve investment tactics that can help to upsurge the working capital for development and achievements. Mentioned below are some of the common duties and responsibilities of a finance executive:
- Deciding on the financial requirements
- Raising the funds required
- Allocating the funds
- Fixed assets management
- Working capital management
- Allocation of income
- Control of funds
- Corporate Taxation
- Evaluation of performance
Apart from all these above mentioned job responsibilities, the financial executive is also responsible to prepare annual accounts, safeguarding securities, carrying out internal audit, present financial reports to top management etc.
In small companies, the finance executive may work alone even without the help of any other professional. On the other hand, in case of larger enterprises, the finance executives usually manage finance clerks, accountants, and other assistants. They are responsible for filling financial professional positions all through the company by posting job advertisements, interviewing candidates and hiring them. In addition, the finance executive assigns tasks and schedules, motivates and trains subordinates, and monitors their development.
Thus, it can be said that finance executives play an important role when it comes to the financial planning of the company and is responsible for the day-to-day management of the financial transactions and procedures in the company.
Bharti Jogia Sattar has worked for Countrywide Capital Markets and Lions Gate Entertainment as Vice President and Controller. She has been associated with Fusefx Inc. and Adco Products Inc. as CFO. As far as her education qualification is concerned she has obtained degree from Bryn Mawr College, Eastern Michigan University and has been an alumnus of University of California, Los Angeles.
Bharti Jogia Sattar has worked for Countrywide Capital Markets and Lions Gate Entertainment as Vice President and Controller. She has been associated with Fusefx Inc. and Adco Products Inc. as CFO. As far as her education qualification is concerned she has obtained degree from Bryn Mawr College, Eastern Michigan University and has been an alumnus of University of California, Los Angeles.
