Job description for a financial economist

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Job description for a financial economist. Full Document

Occupational Safety and Health

Occupational Safety and Health / Job descriptions

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I. General Provisions

An economist on financial work belongs to the category of specialists.
For the position:

an economist for financial work is appointed a person with a higher professional (economic) education, without presenting requirements for work experience or secondary vocational education and work experience in the position of a technician of category I for at least 3 years or other positions occupied by specialists with secondary vocational education, at least 5 years;
economist for financial work of the II category - a person with a higher professional (economic) education and work experience in the position of an economist for financial work or other engineering and technical positions occupied by specialists with higher professional education for at least 3 years;
Economist in financial work of the 3st category - a person who has a higher professional (economic) education and work experience in the position of an economist in financial work of the XNUMXnd category for at least XNUMX years.

Appointment to the position of an economist for financial work and dismissal from it is carried out by order of the director of the enterprise on the proposal of the head of the financial department.
The Financial Economist should know:

legislative and regulatory legal acts, guidance and methodological materials on the organization of financial work;
economics of production;
the procedure for drawing up financial and cash plans, loan applications and estimates;
normalization of working capital;
rules for financing from the state budget, long-term and short-term lending;
the procedure for attracting borrowed and using own funds, issuing and acquiring securities, accruing and paying payments to the state budget, tax authorities, banking institutions and extra-budgetary funds;
the procedure for the distribution of financial resources;
a system of financial methods that ensure the management of financial flows;
the procedure for financing capital construction, repairs and expenses for the technical re-equipment of the enterprise;
accounting system;
procedure and forms of financial settlements;
the established reporting on the financial activities of the enterprise, the procedure and terms for its preparation;
rules for the operation of computer technology, the possibility of its use for financial settlements and accounting of the enterprise's funds;
organization of production, labor and management;
labor legislation;
rules of internal labor regulations;
rules and regulations of labor protection.

An economist for financial work in his work is guided by:

Regulations on the financial department;
this Job Description.

The financial economist reports directly to the head of the financial department.
During the absence of an economist for financial work (vacation, illness, business trip, etc.), his duties are performed by a person appointed by order of the director of the enterprise. This person acquires the appropriate rights and is responsible for the quality and timely performance of the duties assigned to him.

II. Official duties

Finance Economist:

Performs work on the implementation of the financial activities of the enterprise, aimed at providing financial resources for the tasks of the production plan, the formation and distribution of income and savings of the enterprise and their use for obligations to the state budget, tax authorities, banking institutions, suppliers, financing the costs of expanded reproduction, social security and material incentives for employees.
Develops, based on the technical and economic indicators of the production plan, projects of long-term and annual financial plans, forecasts for the receipt of funds to the accounts of the enterprise.
Determines the amount of income and expenses, receipts and deductions of funds, the relationship of the enterprise with the budget, tax authorities, banks, draws up balances of income and expenses, cash plans and loan applications.
Participates:

in the preparation of plans for the production and sale of products, works (services), capital investments, plans for profit and income tax, prepares the necessary calculations and justifications for them;
in the development of standards for working capital by type of raw materials, materials and other inventory items and costs in value terms, brings the approved indicators to the divisions of the enterprise.

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.
Drafts plans for profit from the sale of manufactured products, the use of fixed assets, as well as operations that are not directly related to the main activity (renting premises and property, income from securities, etc.).
Participates in the development of draft plans for the distribution of profits, planned standards for deductions to the funds of the enterprise.
Prepares bank documents for all types of payments for the obligations of the enterprise.
Maintains correspondence on reclamation invoices of suppliers (customers) and on invoices not paid on time.
Oversees:

performance of financial indicators by divisions of the enterprise;
observance of cash discipline;
settlements with suppliers (customers);
timeliness of receipts of all funds due to the enterprise.

Ensures compliance with the economy mode.
Analyzes the execution of estimates, operational and accounting reports on financial activities.
Participates in the development and implementation of measures for:

increase the profitability of production and sales of products;
improving the use of own working capital, state budget funds;
prevention of formation and liquidation of excessive stocks of material values;
ensuring the competitiveness of the company's products.

Participates in the formation and use of enterprise funds, analyzes their structure and movement.
Takes part in the study and analysis of the state of the market for credit resources and securities in order to effectively allocate free financial resources and ensure the financial stability of the enterprise.
Carries out work on attracting borrowed funds and using own funds for financial transactions (crediting, investing financial resources in securities, placing funds on bank deposits, etc.), ensures the correctness of their implementation.
Prepares deposit agreements for the investment of financial resources, monitors the timely return of the deposit and the receipt of interest on them.
Plans income from the placement of free funds and the acquisition of highly liquid government securities, analyzes information on income received from their investment, and compiles consolidated reports.
Participates in the development of regulatory and methodological documentation governing the financial activities of the enterprise.
Keeps records of the implementation of the plan for the sale of products (works, services), plans for profit and turnover tax, income receipts, availability of funds in bank accounts, repayment of accounts payable to the federal, regional and local budgets, suppliers and banking institutions.
Draws up the established reporting on the results of the financial activities of the enterprise.
Performs work on the formation, maintenance and storage of a database of internal and external financial information, makes changes to reference and regulatory information used in data processing.
Participates in the formulation of the economic statement of problems or their individual stages, solved with the help of computer technology, determines the possibility of using ready-made projects, determines the possibility of using ready-made projects, algorithms and application packages that allow you to create economically sound systems for processing financial information.
Performs individual official assignments of his immediate supervisor.

III. Rights

An economist for financial work has the right to:

Get acquainted with the draft decisions of the management of the enterprise relating to its activities.
Make proposals for improving the work related to the responsibilities provided for in this instruction.
Within its competence, inform the head of the financial department about all the shortcomings in the activities of the enterprise and its structural divisions, identified in the course of carrying out their duties, and make proposals for their elimination.
Request personally or on behalf of the head of the financial department from the divisions of the enterprise information and documents necessary for the performance of their duties.
Involve specialists from all (individual) structural divisions in solving the tasks assigned to him (if this is provided for by the regulations on structural divisions, if not, then with the permission of the head).
Require the management of the enterprise to assist in the performance of their duties and rights.

IV. A responsibility

The Financial Accountant is responsible for:

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

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