What is a Financial Manager?

Financial managers have the responsibility of overseeing the finances of major companies, agencies and everything in between. Along with their teams, they coordinate accounting and produce financial reports, cash-flow statements and profit projections. To comply with various laws and regulations, they must pay attention to detail. Aside from working with numbers, financial managers must also help other members of their organization understand their complex reports, which requires significant communication skills.

Financial managers face a competitive job market. Those who can also handle international finance and the increasingly complicated world of financial instruments and securities, including derivatives, will be the most marketable. The Bureau of Labor Statistics projects 15.5 percent employment growth for financial managers between 2019 and 2029. In that period, an estimated 108,100 jobs should open up.