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.
Finance managers plan, direct and coordinate the financial operations of an enterprise or organization, in consultation with senior managers and with managers of other departments or sections, or of enterprises that provide financial services to other enterprises and organizations.
Job activities and tasks include:
- planning, directing and coordinating the financial operations of an enterprise or organization
- assessing the financial situation of the enterprise or organization, preparing budgets and overseeing financial operation
- consulting with the chief executive and with managers of other departments or sections
- establishing and managing budgets, controlling expenditure and ensuring the efficient use of resources
- establishing and directing operational and administrative procedures
- planning and directing daily operations
- overseeing the selection, training and performance of staff
- representing the enterprise or organization in dealings with outside bodies
Advanced specialized knowledge of principles, concepts and techniques in field of work, discipline and/or professional practice
Financial managers work in many places, including banks and insurance companies. Most financial managers work full time, and many work long hours and irregular hours, which may include evenings and weekends to complete assigned tasks and priorities. Often work in offices, but may spend time at different worksites within respective establishment or organization liaising with local supervisors and/or subordinates. Their work can be quiet stressful at times caused by the need to develop and negotiate annual performance plans and budgets for the department or section, and then implement, manage and ensure ongoing approved financial, technology, legal and human resource budgets, plans and deadlines are met. May undertake negotiations, to effect business closure and to achieve results, contributing increased stress levels. May travel often to meet with existing or prospective clients, stakeholders and/or officials, and attend, in some cases present at, conferences or seminars.
Bachelor?s in finance, accounting, economics, or business administration, higher qualification or equivalent.
Required Work Experience:
5 - 7 years and above
Department of Finance, UAE Central Bank, National Bank of Abu Dhabi, Ministry of Finance, Abu Dhabi Ports Company (ADPC), Etihad Rail, Masdar.
Less than 5,000
Examples of job titles:
Company secretary - Finance manager-Administration manager
Examples of some related occupations:
Financial institution branch manager - Financial controller - Management accountant - Financial analysts
UAE Industry Groups:
Business, administration, tourism, retail and leisure service
Similar O*NET Careers (USA) :
Source Of Info:
Occupations and Careers Handbook for UAE Nationals(Copyright NQA ). Referenced from New York University, Abu Dhabhi