What does a Finance Manager do?
The role of a Finance Manager is to be the guarantor of the company's liquid assets. As a result, he manages the cash management by anticipating and securing cash flow and covering all needs.
The Finance Manager is also known as Treasurer, Financing Manager or Financial Manager.
What are the responsibilities of a Finance Manager?
The responsibilities of a Finance Manager vary, depending on the structure of the company. He collects and analyses all documents related to the company's economic activity, such as company account statements and operations, in order to produce monthly or weekly reports and set up cash flow forecasts.
Thanks to his analysis and all the information at his disposal, he participates in determining the financing needs and proposes refinancing solutions (loans, investments, guarantees, etc.).
What are the required skills and proficiencies for a Finance Manager?
- Master the functioning of banking operations
- Master IFRS standards
- Perfect knowledge of database tools
- Know how to use accounting data
- Good knowledge of IT and cash management tools (Sage, Reuters, Kyriba, etc.)
- Knowledge of taxation
- Confident with numbers
- Good analytical and synthesizing skills
- Fluency in Dutch and French is strongly recommended
- Good interpersonal skills
What background is needed to become a Finance Manager?
A Finance Manager generally holds a university degree and has obtained a Master's degree with financial orientation (Finance/Accounting, Management Sciences, etc.)
However, other paths are possible provided that you have followed a specialization in accounting, management or finance. This position is open to young graduates provided that they have completed internships or training, or even a work-study program, but is usually offered to candidates with at least 3 to 5 years’ experience in a Treasury department.
What are the career prospects for a Finance Manager?
The Finance Manager can evolve into a position of Finance Manager, Risk Manager or according to his ambitions to Finance Director.