To find a decent job in Financial management of any organisation or a company is a dream come true ! . Some of the finance jobs require diploma or a degree while some require a full fledge course done in the finance stream . Financial manager usually work day and night – doing sitting jobs , performing tasks like planning , managing investments , checking company or organisation finance , building reports and considering audit plans .
They are held responsible for managing the entire company income and expenses. Also , it their job to get the records of the company well maintained ,scrutinized and keep the tax records up to date . While the qualification might fear you but the actual working in the organisation as a financial manager is fun .
[lwptoc]
Here in this article , you will get to know how being a fresh graduate , a post graduate or even being a finance diploma holder how you can become a successful financial manager in a company in US .
Financial Manager Jobs in US
Financial Managers are their to keep the charge of finance flowing inward and outward of the company . They are responsible for even other aspects like planning , analysing and executing different financial decisions . For instance , when you consider a deal of Elon Musk and Twitter , then you might found a number of sound financial managers hired in the team of Elon to decide whether to invest in Twitter or not .
So , financial managers are also financial analysts , controllers and accountants . The key roles they play in any organisation include :
Looking for Financial Health : A financial manager is expected to know all basics of analysing different assets , liabilities , profits and losses for making a particular decision . These figures help to decide the current financial health of the company and make better decision for cost reduction and better use of resources.
Setting Plans and Budgets : A big responsibility on a financial manager is to decide which plan is to be executed , what strategies are required for what tasks and how the fund flow in each activity of business will happen .
Developing Strategies : Strategies are made for long term and for short terms and financial managers are expected to be good in forming strategies for both . The ultimate requirement of each strategy is achievement of goals .
Execution of Projects and Plans : Financial Manager / ‘s or a finance management team work together to execute plans formed with the required finance from the company treasury . Taking care of working capital needs all these projects are worked on and executed.
Also read : All You Need to Know About Software Project Planning
Income of a Financial Manager in California , US
A financial manager is worthy person there in any organisation in US . They worth more than a working employee and are paid to the best of other professions. If you consider average salary of a financial manager in California , US then you might be shocked to know that is about 86000 USD in a year .
The Income can be as low as 50000 USD in a year to about 1.5 lakh USD in a year depending on the skill , position , tasks given , success of the company , success in achievement of plans and experience . In some of the reports of some news daily there in US , median salary of a Financial Manager of a reputed company has been identified to be about 96000 USD.
It was about 78000 USD in a year , in 2018 after which those working in the government organisations or banks got a hike in their pay to nearly about 114000 USD in a year .
Tasks and Responsibilities of Financial Manager
Financial managers work on all aspects of financial activities right from planning , managing cash flows and till their plans are converted into estimated results . Their tasks and responsibilities in general are classified as :
Tasks
To analyse and forecast
To assist in decision making
To develop and monitor budgets
To develop policies and procedures for cost and collections
To manage cash flows
To advise on financial matters
To consider preparation of annual reports.
Responsibilities of Financial Manager
It is a hard task to become a financial manager , when it comes about responsibility and answerability of a financial manager . He is held responsible for ;
- Supervising accountants
- Checking Auditors
- Developing and executing policies
- Adhere to company rules and federal regulations
- Keep a check over employees.
- Train Employees.
- Anticipate expenses and incomes
- Check for technology or different economic changes
- Check for capital investment
- Check on Stock and company investments etc.
Also read : Study About Loan Forgiveness for Students and Employees in US
Qualifications to Become a Financial Manager
A financial manager opted by any company is expected to be experienced , qualified and sharp in calculations . They need to :
- Have hold over Financial Statements
- Familiar with Corporate Principals
- Know Financial Rations and Company Performance Indicators
- Know Cash Flow Analysis
- Hold a Bachelor Degree or a Post Graduate Degree in Finance
- A CPA Certification for any recognised college .
A bit of experience for working in any company as a financial assistant is a must criteria which is undertaken by different companies for deciding while hiring for a financial manager .
Top Source for Searching Financial Manager Jobs in US
Finding a good financial manager job in US is not easy . You might have to work on to your resume or CV to provide a great exposure of your experience and profile to multiple companies to get selected as a financial manager .
While there are good number of online sources , that you can use to check out the latest financial manager jobs in US :
1. Monster Jobs – Preferred to search for good companies all over the World .
2. Indeed Jobs – This job website can provide a good number of job listings for financial managers or related jobs in all countries. It is a trusted Job network to try online for US Jobs .
3. Career Builder Jobs – It is considered as a top source for searching financial managers jobs in US . It shows you thousands of job oppurtunities for finance niche .
Also read : All about buying I Bonds in California
Tips for Cracking Interview of Financial Manager Job
To crack a financial manager job in any company in US , is a hard task to do . Make sure that you go with all your utilites and necessary documents including your CV, your certificates etc and make sure to be well presentable in your job interview . Some master tips that you can follow :
- Prepare well before the interview for the like questions to be asked and telling the interviewer about yourself.
- Know what all you know in the financial management and do not hesitate to explain your achivements .
- Know company background and culture before going .
- Study for the company vision and build your own vision also .
- Take extra copies of your CV .
Make sure you get to know why the employee before left and the job description of the post being hired for . Be confident and go for the best.
Also read : How to Optimise WordPress Website for Mobile ?
Conclusion
A financial manager is worthy position to get hired on . It is demanded job that requires knowledge and calmness to handle pressure and tasks . Also it is a very intellectual and a good paying job in US . If you have any queries related to applying for job of financial manager in US , then you can share your feedback comments down in the comment section below .
