Job description for financial manager

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Job description for financial manager. Full document

Occupational Safety and Health

Occupational Safety and Health / Job descriptions

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I. General Provisions

The financial manager belongs to the category of leaders.
A person who has a higher professional (economic) education and at least __ years of work experience in the field of organizing financial activities is appointed to the position of a financial manager.
The financial manager must know:

legislative and regulatory legal documents that define the requirements for the financial and economic activities of the enterprise;
state and prospects for the development of financial markets and sales markets for products (goods, services, works);
principles of organization of financial work at the enterprise;
the procedure for drawing up financial plans, forecast balances and budgets of funds, plans for the sale of products (goods, services, works), profit plans;
a system of financial instruments that ensure the management of financial flows;
basics of enterprise equity management;
methods for assessing financial assets, profitability and risk;
basics of working capital management, models of formation of own working capital;
principles for determining business risk;
the procedure for short-term and long-term lending to the enterprise, attracting investments and borrowed funds, using own funds;
the rules for issuing and the procedure for acquiring securities;
the procedure for allocating financial resources, determining the effectiveness of financial investments;
principles of financial control;
procedure and forms of financial settlements;
principles and methods of taxation;
ways of paying taxes and fees;
tax system;
description of the main taxes and fees of Ukraine;
financial accounting and reporting standards;
Accounting;
computer facilities, telecommunications and communications;
fundamentals of labor law.

Appointment to the position of financial manager and dismissal from the position is carried out by order of the head of the enterprise.
The financial manager reports directly (to the head of the enterprise; to another official).
During the absence of the financial manager (business trip, vacation, illness, etc.), his duties are performed by a duly appointed person. This person acquires the appropriate rights and is responsible for the improper performance of the duties assigned to him.

II. Official duties

Financial Manager:

Manages the financial resources of the enterprise in order to make a profit.
Develops projects of long-term and current financial plans, forecast balances and cash budgets.
Develops standards for working capital and takes measures to accelerate their turnover.
Develops measures to manage the capital structure and determines the price of capital.
Analyzes the financial and economic condition of the enterprise and the results of its activities.
Carries out activities aimed at ensuring the solvency of the enterprise, preventing the formation and liquidation of unused material and technical resources, increasing the profitability of production, increasing profits, reducing costs for the production and sale of products (goods), strengthening financial discipline.
Ensures the implementation of the financial plan and budget, profit plan and other financial indicators.
Develops methods for regulating the financial results of the production activities of the enterprise (determining the optimal options for the formation of elements of the cost of production, distribution of costs, pricing, etc.).
Manages the assets of the enterprise (financing current production activities; investments directed by the enterprise for technical development (reconstruction, renovation and repair of equipment, production of new types of products, construction of buildings and structures, etc.); financial investments (acquisition of securities, creation of subsidiaries, etc.) .); maneuvering temporarily free cash; reorganization, liquidation, sale of individual objects of the property complex of the enterprise).
Determines the sources of financing for the production and economic activities of the enterprise (budget financing; short-term and long-term lending; issue and purchase of securities; leasing financing; raising borrowed funds and using own funds, etc.), analyzes the possibilities of their use and develops schemes for their use.
Approves proposals for the placement of funds, obtaining loans, using other sources of financing and submits them for consideration to the head of the enterprise.
Establishes business relations with commercial banks and other credit institutions, leasing companies and other organizations.
Ensures targeted use of own and borrowed funds.
Prepares bank documents for all types of payments for the obligations of the enterprise.
Carries out the investment policy of the enterprise and management of the company's assets, determines their optimal structure, prepares proposals for the replacement, liquidation of assets, manages a portfolio of securities.
Conducts analysis and evaluation of the effectiveness of financial investments.
Provides:

timely receipt of income;
registration of financial settlement and banking operations in a timely manner;
payment of invoices of suppliers and contractors;
repayment of loans;
payment of interest, wages to workers and employees.

Provides operational financing, fulfillment of settlement and payment obligations, timely reflection of ongoing changes in the solvency of the enterprise, monitors the state of own funds.
Calculates profits from the sale of manufactured products, the use of fixed assets, as well as operations that are not directly related to the main activity of the enterprise.
Makes decisions on the distribution of profits in the following areas: financing of production, based on production plans; dividend payment; payment of wages; debt repayment, incl. to the state budget; implementation of social programs; etc.
Carries out work on: calculations of income taxes and other taxes; planning and managing tax minimization; transfer of taxes and fees to state and local budgets, to state off-budget social funds.
Analyzes the execution of estimates, operational and accounting reports on the financial activities of the enterprise.
Oversees:

fulfillment of plans for the production and sale of products (goods);
termination of production of products that do not have a market;
correct spending of funds;

Organizes accounting of the movement of funds and prepares reports for the head of the enterprise (collective governing body, general meeting of founders (shareholders)) on financing, administration and other financial issues.
Ensures the correctness of the reporting documentation and the reliability of the information contained in it.
Performs the function of coordinator and adviser to the head of the enterprise on financial matters.

III. Rights

The financial manager has the right:

Represent the interests of the enterprise in relations with credit institutions, insurance and investment companies, tax authorities, other authorities and organizations on financial matters.
Request from the structural divisions of the enterprise information and documents necessary for the performance of their duties.
Interact with the heads of all structural divisions on the financial and economic activities of the enterprise.
Give instructions to the heads of structural divisions of the enterprise on the proper organization and conduct of financial work.
Sign financial documents.
Approval of all documents related to the financial and economic activities of the enterprise (plans, forecast balance sheets, reports, etc.).
Independently conduct correspondence with structural divisions of the enterprise, as well as with third-party organizations, tax authorities, state authorities and local self-government on financial issues.
Make proposals to the head of the enterprise on bringing officials to material and disciplinary liability based on the results of financial audits.
Get acquainted with the documents that define his rights and obligations in his position, the criteria for assessing the quality of performance of official duties.
Submit proposals for improvement of the work related to the responsibilities provided for in this instruction for consideration by the management.
Require the management of the enterprise to ensure the organizational and technical conditions and execution of the established documents necessary for the performance of official duties.

IV. A responsibility

The financial manager is responsible for:

For improper performance or non-performance of their official duties provided for by this Job Description - within the limits established by the current labor legislation of Ukraine.
For offenses committed in the course of their activities - within the limits established by the current administrative, criminal and civil legislation of Ukraine.
For causing material damage to the enterprise - within the limits established by the current labor legislation of Ukraine.

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