The job openings in financial services are growing rapidly with the rise
of the Indian economy and each and every industry require Financial managers.
Government agencies, private corporate and financial organizations such
as banks and insurance industry etc. employ Financial managers in their establishments.
Even non-profit organizations such as charity associations are also in
need of a finance managers. It will be advisable for a prospective candidate
in Finance to acquire some professional experience in any small organizations
before getting into a big corporate.
The major tasks of a financial expert is to help his firm earn more,
to make future financial plans, to handle the liquidity or to even plan
the acquisition of another company. Finance controller, treasurer, finance
officer, credit and cash manager, risk manager and insurance manager are
some of the positions one could get in an organization after his academic
studies in finance and the responsibilities varies according to the positions.
Finance controller: The responsibility of a finance
controller is to monitor the accounting and finance reports. They are
also known as controller.
Treasurer: The treasurers are in charge of understanding
the financial status of the company and maintaining the treasury of
an institution. In corporate offices, they will have more duties such
as handling foreign exchange and cash management.
Finance officer: The major duties of a Chief finance
officer are financial planning, maintaining the records and managing
the financial risks of the company.
Credit and cash manager: Credit Managers are responsible
for giving out the credits of their organization while cash managers
are in charge of observing and organizing the expenditure to meet the
Risk manager: It is the duty of a risk manager to
identify the financial risk and they are responsible for planning and
implementing the guidelines for the future of the organization.
Insurance manger: It is the insurance manager who
take care of the insurance budget of their organization.
But in small organizations, a single person mostly the branch manager
will perform all these functions. Chief Financial officer (CFO) and the
Director of Finance are the highest positions one could achieve in a company
in this profession. Most of the big corporate companies provide training
programme for finance officers to understand their company's policies
and strategies. There are a plenty of opportunities in this rewarding
field both in India and abroad. One could find jobs as financial experts
at multi national companies also. A good experienced professional especially
from a reputed B-school is in high demand in international market, and
they could even start their own financial consultancies.