Deepak Kumar Ojha

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

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by Deepak Kumar Ojha
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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 Confidential
  • 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

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

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