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Function of Financial and HR Manager Assignment Document Transcript
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
organizations, such as multinational corporations, retailers, financial institutions, NHS
trusts, charities, small manufacturing companies and universities.
Financial considerations are at the root of all major business decisions. Clear budgetary
planning is essential for short and long-term future planning, 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
Financial managers may also be known as financial analysts or business analysts.
Typical activities include:
providing and interpreting financial information;
monitoring and interpreting cash flows and predicting future trends;
analyzing change and advising accordingly;
formulating strategic and long-term business plans;
researching and reporting on factors influencing business performance;
analyzing competitors and market trends;
developing financial management mechanisms that minimize financial risk;
conducting reviews and evaluations for cost-reduction opportunities;
managing a company's financial accounting, monitoring and reporting systems;
liaising with auditors to ensure annual monitoring is carried out;
developing external relationships with appropriate contacts, e.g. auditors, solicitors,
bankers and statutory organizations such as the Inland Revenue;
producing accurate financial reports to specific deadlines;
arranging new sources of finance for a company's debt facilities;
keeping abreast of changes in financial regulations and legislation.
A human resources manager is responsible for managing and overseeing the personnel
department within a company, organization or agency. This includes posting advertisements or
approving advertisements for new employees, screening resumes and applications, setting
interview appointments and being involved in the hiring process. In most agencies the human
resources manager is also key in providing employee supervision and evaluations, retraining
employees, offering mediation services for struggling employees as well as firing employees
that are not meeting standards.
some imp points to b focused and prioritize are:Manpower Planning
Induction to new joinees
Promotions, Transfers and Demotions
Retirement, apart from these policies, welfare to employees,
icebreakers, fun at work, etc.
U can catagorizically put into two categories