Every field of work has many branches. When you chose a field to start a career, there may be opportunities to work in a variety of roles, each with different growth prospects. For example, you plan to enter into the field of computer science. You can become a software engineer, a hardware engineer, a quality analyst, a human resource manager, a team lead, front end and back end developer, anti-hacking squad who can dig out anything like Crypto Code scam and so on.
Managerial Finance is also a very broad area and you can identify a career for yourself in many job profiles. The concepts and actions of Managerial Finance mostly define the decisions taken by Managers. However, apart from managers, there are many other roles where you can fit in, some directly related to finance whereas some indirectly related.
Many roles, many prospects
The creamy top management, the sandwiched middle management and the toiling lower management, all of them contribute to managerial finance to build a stable capital structure for the company to grow. Spread across these levels are many specific job profiles which you can take up to fulfill your career dreams.
Manager: The first and last name in decision-making is the Manager. He is the first one to whom a financial project is assigned and he is the last one in the team to approve a finalized project. A manager finds sources of capital for the company, works to enhance the client base and accounts receivable, monitors the cash flow and focuses on increasing profitability. A manager can don various roles like:
Cash Manager: The checker of daily cash balances, a cash manager monitors the collection and disbursement of cash in company operations, short-term financing, and investments and financing relations.
Project Finance Manager: Works to arrange finances by coordinating short-term financing firms, legal cells, and investment bankers.
Capital Expenditures Manager: Evaluates planned asset investments and financially involves in their approval and implementation of approved investments.
Credit Manager: Monitors the credit policy by means of extending credit, credit applications, and accounts receivable.
Foreign Exchange Manager: Takes care of foreign operations and the risk posed to the company by fluctuations in exchange rate.
Pension Fund Manager: The in-charge of the pension fund of the employees.
We then have the financial analyst who is one preparing the company’s budget and financial plans and carry out financial forecasting, comparisons, and accounting. There are many other profiles which indirectly interact with the forces operating in Managerial finance to complete the hierarchy like accounts and budgeting.