Finance Directors

The Finance Directors oversees and manages the flow of money and assets into and out of a business. In this sense, these professionals must be familiar with the laws and regulations applicable to the field of finance. Likewise, they review and report on earnings and employee performance.

The responsibilities of a Finance Manager vary from company to company, so these professionals must be open to adapting to the demands of their workplace. For example, in the case of a restaurant chain, this professional tracks the stock of supplies, the salary cost per employee and the income obtained; likewise, they carry out the planning and execution of special promotions.

Principal functions

Here are the most common functions of a Finance Director:

  • Perform managerial tasks, handle financial information, document and report, analyze trends and evaluate the performance of the company.
  • Supervise the operations and development of the company's finance departments:
  • Review and develop policies to regulate the financial options of the company.
  • Direct the collection and analysis of financial information.
  • Estimate costs and profits to foresee the achievement of the established objectives.
  • Use mathematical and statistical models to forecast economic and financial trends.
  • Periodically evaluate the financial procedures and give the corresponding recommendations or suggest possible improvements.
  • Devise methods to maximize the company's profits.
  • Work together with HR in the recruitment and training of new employees.
  • Work together with the Lawyers during purchases of or mergers with other corporations or companies.
  • Assist in the management of assets and in the estimation of possible profits.
  • Monitor trends that affect the financial status of the company and plan new strategies.
  • Serve as a mediator between the company, its shareholders and investors, seeking the benefit of all parties involved.
  • Review the documentation regarding financial forecasts and the status of the company:
  • Prepare legal documents and reports to be sent to the corresponding financial operations regulatory entity.
  • Analyze and articulate commercial trends to be presented to shareholders.

Daily tasks

  • Analyze financial information and present the results obtained through reports.
  • Guarantee that economic activities comply with applicable regulations.
  • Supervise the personnel in charge of the reporting.
  • Devise alternatives to minimize costs and losses.
  • Investigate and determine opportunities to achieve financial expansion.
  • Provide advice and assistance in the execution of financial plans and goals.