The Financial Business Manager provides day-to-day leadership for finance, accounting and administrative functions. This position’s responsibilities include oversite of accounting, relationships with teaming partners, subcontractors and technology consultants and financial risk management. The Financial Business Manager recommends and implements methods for increasing the program’s efficiency and profitability. They analyze the company’s business model and finances and they use their findings to make suggestions for improvement regarding everything from budget and operations to management. They often work as liaisons between multiple teams including customer service, product development and management.
Conduct complex financial analysis to determine present and future performance. Documenting all data and findings thoroughly, the Financial Business Manager presents findings to appropriate management personnel. Financial forecasting is a crucial part of this process and is used to aid in budget creation.
Evaluates previous budgets, expenditures, and operational efficiency together with results of overall financial analysis in order to develop and implement future budgets. They monitor a company’s expenditures and profits regularly, ensuring cost effectiveness and making recommendations to management to maximize profits.
Using results from financial and budget analysis data, the Financial Business Manager communicates results and presents business recommendations to upper and executive-level management staff. These recommendations may include cost reduction measures, revenue generation ideas, and ways to streamline operations or increase customer satisfaction.
As the resident expert in the company’s finances and business operations, the Financial Business Manager provides financial training and business education to the company’s employees. This training is not comprehensive but rather covers concepts that are relevant to the completion of their jobs and will aid in the overall efficiency of the company. The Financial Business Manager may also train less experienced financial analysts.
Financial Business Manager Skills:
Highly detail-oriented, possess strong analytical abilities and a quantitative background. In addition to these skills, they must also be great communicators in order to work with, educate, and advice other teams. With the ultimate goal of increasing productivity for the entire company, Financial Business Manager are phenomenal leaders and highly motivated.