Small Business looking for financial manager? See who they are and where to find them. (Graduate Studies - assignment) WCU

1. FINDING, USING, &WORKING
WITH FINANCIAL MANAGERS
Christina Williams
WCU, ENT 640

2. What
Financial
Managers
Do

3. • Financial managers are responsible for the financial health of an organization.
They produce financial reports, direct investment activities, and develop
strategies and plans for the long-term financial goals of their organization.
• Prepare financial statements, business activity reports, and forecasts
• Monitor financial details to ensure that legal requirements are met
• Supervise employees who do financial reporting and budgeting
• Review company financial reports and seek ways to reduce costs
• Analyze market trends to maximize profits and find expansion opportunities
• Help management make financial decisions

4. Who
Are
They?

5. Chief Financial Officers (CFOs)
• are accountable for the accuracy of a company’s or organization’s financial
reporting, especially among publicly traded companies. As head of a company’s
entire financial department, they manage the lower level financial managers.They
oversee the company’s financial goals, objectives, and budgets.

6. Controllers
• direct the preparation of financial reports that summarize and forecast the
organization’s financial position, such as income statements, balance sheets, and
analyses of future earnings or expenses. Controllers also are in charge of
preparing special reports required by governmental agencies that regulate
businesses. Often, controllers oversee the accounting, audit, and budget
departments of their organization.

7. Treasurers & Finance Officers
• direct their organization’s budgets to meet its financial goals.They oversee the
investment of funds and carry out strategies to raise capital (such as issuing stocks
or bonds) to support the firm’s expansion.They also develop financial plans for
mergers (two companies joining together) and acquisitions (one company buying
another).

8. Credit Managers
• oversee their firm’s credit business.They set credit-rating criteria, determine
credit ceilings, and monitor the collections of past-due accounts.

9. Cash Managers
• monitor and control the flow of cash that comes in and goes out of the company
to meet the company’s business and investment needs. For example, they must
project cash flow (amounts coming in and going out) to determine whether the
company will have a shortage or surplus of cash.

10. Risk Managers
• control financial risk by using strategies to limit or offset the probability of a
financial loss or a company’s exposure to financial uncertainty. Among the risks
they try to limit are those that stem from currency or commodity price changes.

11. Insurance Managers
• decide how best to limit a company’s losses by obtaining insurance against risks,
such as the need to make disability payments for an employee who gets hurt on
the job or the costs imposed by a lawsuit against the company.

12. Benefits of
Working with
Financial
Managers

13. Financial Managers will be able to assess your risk
tolerance, analyze your resources and current asset
allocation, take into account your tax liability, and make
investment recommendations in the form of a written
financial plan that will help you pursue your goals.
The plan may help ensure that your current and future
assets are used to their best advantage given your
current financial situation and your financial goals.

14. Questions
To Ask
When Choosing A
Financial Advisor

15. 1. How do you charge for your services, and how much?
2. What licenses, credentials, or other certifications do you have?
3. What types of clients do you specialize in?
4. What services do you provide?
5. Can I see some examples of a financial plan?
6. How much contact do you have with your clients?
7. Who is on your team? Who will I be working with?
8. Do you have any references?
9. What areas do you specialize in as a planner?
10. How will you incorporate my particular situation into the financial planning process?

16. Where
To
Find
Them

17. Financial
Planning
Association
http://www.plannersearch.org/

18. The
National
Association
of Personal
Financial
Advisors
https://www.napfa.org/

19. Broker
Check
Financial
Industry
Regulatory
Authority
https://brokercheck.finra.org

20. Certified
Financial
Planner
Board of
Standards
https://www.cfp.net/

21. LinkedIn
www.linkedin.com

22. References

23. References:
1. S&P Capital Financial Communications
2. https://www.bls.gov/ooh/management/financial-managers.htm
3. http://www.plannersearch.org/
4. https://www.napfa.org/
5. https://brokercheck.finra.org
6. https://www.cfp.net/