Deepak Kumar Ojha

What are the main work and responsibilities of a Finance Manager?

I am curious about this

by Deepak Kumar Ojha
3 answers
| Share :

3 answers

RE: What are the main work and responsibilities of a Finance Manager?

Mayank Chopra
Mayank Chopra
Verified Career Expert
Chartered Accountant in a leading firm
  • Delhi

The main work & responsibilities of a finance manager are:



1) To handle day-to-day financial transactions of the company.

2) Reconciling Bank with the books of accounts

3) Making monthly budgets

4) Controlling expenses

5) Making MIS reports

6) Taking care of receivable (debtors) & payables (creditors/vendors). Making timely payments to vendors.

7) Advance tax calculations on the basis of projected profits for the year.

8) Depoisting within due date all the statutory liabilities such as PF, ESI,LWF and other taxes such as TDS, Advance tax, VAT, CST, Service tax etc.

9) Making timely books entries.

10) Maintaining all the records, documents, vouchers etc

11) Authorising all the payments.

12) Providing neccesarry informations & data to the auditors

13) Making balance sheet & statement of income.

14) Making of notes to the accounts as per relevant rules & AS such as Schedule VI, Accounting standards etc

15) Decision making for the use of funds taken on loan.

16) Maintaning working capital

17) Investment planning

18) Maintaing fixed assets & there registers


RE: What are the main work and responsibilities of a Finance Manager?

Preeti Taneja
Preeti Taneja
Verified Career Expert
Head Guidance & Counselling at Project Wisdom, CSR initiative of Canam Consultants Limited, Chandigarh
  • Chandigarh

Investment / Merchant Banking - Investment banking comprises two major businesses. One is the advisory /corporate finance role which entails mergers and acquisitions. This would entails understanding valuations, finding targets , negotiation and compliance with legal regulations. The second role is what is more popularly called equity capital market role. This entails helping raise funds from investors or the public . So it may entail working on IPOs or institutional offerings.


Corporate Banking- This role entails the entire plethora of banking services required by corporate. Corporate can be divided into largely two sections , large corporate and MSME which is medium and small enterprises. A corporate banker would thus have companies as his clients and service them.

Fund Management- As a fund manager , one is an important decision maker typically at a mutual fund . The fund manager has a good overall understanding of macro factors which affect the market as well as the micro factors about which company to invest in. He invests money in stock market , debt market , directly into companies etc depending upon his fund mandate.

Equity Research & Sales- The role of equity researcher is to find out the correct value of the stock which is trading on the stock exchange doing various types of research namely fundamental and technical analysis. There are two types of equity research though. One is the sell side research which belongs to brokerage , the aim is to do research and sell investment ideas to investors so as to earn commission on trading by the investor . The second is buy side research , which is a part of usually a buy side fund like a mutual fund. They analyse the research results of various brokerages in addition to their own research on investment ideas for the fund manager.

Project finance & syndication- His role entails arranging for long term finance for infrastructure and industrial projects which will take a long time to pay back.

RE: What are the main work and responsibilities of a Finance Manager?

Hitesh Awtaney
Hitesh Awtaney

Hi Deepak,

There are a lot of careers in Finance, the term 'Finance Manager' is too generic to list down the responsibilities..
You can browse all the careers at https://ask.careerguide.com/c/management-marketing/finance-management

RE: What are the main work and responsibilities of a Finance Manager?

This topic is now closed. New replies are no longer allowed.
Latest ANSWERS

Good Evening ma'am! I am studying in 12th standard and I have Humanities. I am interested in doing something in Psychology but I don't have it in my +2. Still can I go for it? And please tell me about it's scope in India.

Hello Rupal,  Yes you can still opt for Psychology. Some University ask you to appear for a paper in Psychology to see your understanding of the .. read more

Sir I want to become a doctor but I don't know about the steps to become a doctor

Hello Aashish,  Simply after 10th, opt for PCB. Then after 12th you would have to appear for NEET, common medical entrance exam. Please note ther .. read more

i have completed my bba finance and i am persuing my correspondence mba finance but i can't find a job what can i do

Hello Nitish,  You are pursuing a correspondence MBA but have no job. How will you put your knowlege to the work area?. Anyways hope you are not .. read more

career in arts stream

Hello Aman,  Though I am listing down few options before you select any read thoroughly on.the career in terms of skills requirement, future job .. read more
Most Popular

I have passed 12th with 74% mark. I have choice to join BTech or BSc physics. kindly suggest me what should I choose out of the 2. i am flexible with my career profile as an engineer or as a lecturer.

Hi Rashmi, First of congratulations on your percentage, you have done well. And thank you for sharing your concern with other community members, who w .. read more

What is the procedure to join Merchant Navy

just go to vchelps.tk now. it will definitely help u. be happy .. read more

What is the procedure to join Indian Navy after class 12th

just go to vchelps.tk now. it will definitely help u bro. be happy .. read more

I am a commerce graduate and confused between various options like cfa, mba, and job. What should I choose?

Hi Kirti  As I understood.. You have already secured a job and if thats with EY then thats great.You should consider a few things before taking a .. read more