Career Development

What Does a Corporate Finance Manager Do?

Find out what a corporate finance manager does, how to get this job, and what it takes to succeed as a corporate finance manager.

Corporate finance managers are responsible for overseeing the financial operations of their company. They commonly manage a team of accountants, analysts and other financial professionals who help them make sure that everything is running smoothly in this area.

Corporate finance managers may also be tasked with developing new strategies or plans to improve the company’s overall financial health. This might include anything from creating new products or services to expanding into new markets or even merging with another company.

Corporate Finance Manager Job Duties

Corporate finance managers have a wide range of responsibilities, which can include:

  • Reviewing financial statements to ensure that they are accurate and complete
  • Reviewing financial forecasts to determine whether they are realistic or likely to be achieved
  • Preparing budgets and monitoring spending to ensure that it complies with company policies
  • Analyzing prospective investments to determine their viability and risk
  • Preparing reports on financial status or progress of projects to upper management
  • Ensuring that financial transactions are accurately recorded in the company’s accounting system
  • Negotiating terms of loans and other financial transactions with lenders and other parties
  • Planning for capital expenditures such as equipment purchases or building construction projects
  • Determining which investments are profitable based on interest rates, market conditions, and other factors

Corporate Finance Manager Salary & Outlook

Corporate finance manager salaries vary depending on their level of education, years of experience, and the size and industry of the company. They may also earn additional compensation in the form of bonuses and commissions.

  • Median Annual Salary: $122,000 ($58.65/hour)
  • Top 10% Annual Salary: $215,000 ($103.37/hour)

The employment of corporate finance managers is expected to grow much faster than average over the next decade.

Corporate finance managers will be needed to help companies raise capital and make investments in new equipment and technology. In addition, as firms expand globally, corporate finance managers will be needed to help them evaluate investment opportunities in other countries.

Corporate Finance Manager Job Requirements

A corporate finance manager typically needs to have the following qualifications:

Education: Corporate finance managers are typically required to have a bachelor’s degree in finance, accounting or economics. Many employers prefer to hire candidates who have a master’s degree in business administration (MBA). An MBA is a two-year program that includes coursework in finance, accounting, marketing and management.

Training & Experience: Corporate finance managers typically receive on-the-job training in their role. This training may include learning the company’s financial systems and procedures, as well as the company’s products and services. The training may also include learning about the company’s clients and how to best serve them.

Corporate finance managers who work for publicly traded companies may receive additional training in the form of conferences and seminars. These professionals may also receive training in the form of certifications.

Certifications & Licenses: Certifications enable professionals to prove their qualifications to current and future employers. finance managers can earn certifications to gain more theoretical knowledge of their responsibilities, test their professional skills and further advance their career.

Corporate Finance Manager Skills

Corporate finance managers need the following skills in order to be successful:

Financial analysis: Financial analysis is the ability to interpret financial data and make predictions based on the data. This is an important skill for a corporate finance manager because they often need to analyze data to make decisions about investments and other financial matters.

Communication: Communication is the act of conveying information through a medium. As a corporate finance manager, you may be required to communicate with a variety of individuals, including investors, company executives and other finance professionals. Effective communication can help you convey information clearly and answer questions.

Problem-solving: Problem-solving skills allow you to identify challenges and find solutions. As a corporate finance manager, you may be responsible for analyzing and approving large investments. This can involve evaluating the risks involved with a particular investment and finding ways to minimize those risks. Your ability to identify potential challenges and develop solutions can help you make more informed decisions.

Critical thinking: Critical thinking is the ability to analyze a situation and determine the best course of action. As a corporate finance manager, you may be responsible for making investment decisions for a company. This can include evaluating the potential risks and rewards of a potential investment. Being able to make informed decisions can help you make the best use of a company’s resources.

Leadership: Leadership skills can help you motivate and direct your team. As a corporate finance manager, you may be responsible for overseeing the work of several other finance professionals. Leadership skills can help you guide and direct your team to complete projects on time and within budget.

Corporate Finance Manager Work Environment

The corporate finance manager work environment is usually in an office setting, although travel may be required for meetings with clients or other businesses. The workweek is typically 40 hours, but longer hours may be necessary to meet deadlines or to handle unexpected problems. The job is often stressful, as the corporate finance manager is responsible for making decisions that could have a significant financial impact on the company. Therefore, a corporate finance manager must be able to handle stress and be able to make quick, sound decisions.

Corporate Finance Manager Trends

Here are three trends influencing how corporate finance managers work. Corporate finance managers will need to stay up-to-date on these developments to keep their skills relevant and maintain a competitive advantage in the workplace.

The Need for More Technical Talent

As businesses become more complex, the need for more technical talent becomes increasingly apparent. This is especially true in the area of corporate finance, where managers need to be able to understand and analyze data in order to make sound decisions.

Corporate finance managers who are able to utilize technology will be better equipped to handle the demands of their job, and will be more successful in the long run. They should also be on the lookout for opportunities to learn new skills that can help them stay ahead of the curve.

The Emergence of Blockchain Technology

Blockchain technology is emerging as a potential game changer for many industries, including finance. As this technology becomes more popular, it will create new opportunities for professionals in the field of corporate finance.

Blockchain technology allows for transactions to be recorded and verified without the need for a third party, which makes it an ideal solution for financial institutions looking to reduce costs and increase efficiency. Corporate finance managers who are familiar with blockchain technology will be in high demand in the years to come.

Fintech Startups Are Becoming More Mainstream

Fintech startups are becoming more mainstream as they continue to disrupt the banking industry. This trend is having a significant impact on the role of the corporate finance manager, who is now responsible for managing relationships with these startups.

In order to be successful, corporate finance managers will need to be able to identify and evaluate fintech startups that could be a good fit for their company. They will also need to be able to manage the risks associated with these partnerships, such as intellectual property theft or data breaches.

How to Become a Corporate Finance Manager

A corporate finance manager has a lot of responsibility, so it’s important to start your career on the right foot. One of the best ways to do this is by getting certified in accounting and finance. This will show potential employers that you have the necessary skills to succeed in this field.

You should also build relationships with professionals in the industry. Attend networking events and reach out to people on LinkedIn. This will help you stay up-to-date on the latest trends in corporate finance.

Related: How to Write a Corporate Finance Manager Resume

Advancement Prospects

Advancement prospects for corporate finance managers are good. With experience, corporate finance managers can move into positions with more responsibility, such as director of finance or chief financial officer. They may also advance by moving to a larger company or taking on a finance manager position with greater responsibility.

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