“Business Finance”

Assignment # 1

Submitted to: Prof. Salman Mishbah

Section: D

Group Members:
Adnan Lodhi L1F09MBAM2014
Hafiz Ammar Asmat LIF09MBAM2057
Shoaib Raza L1F09MBAM2056
Taimoor Akhtar L1F09MBAM0064
Ali Butt L1F09MBAM0054

Submission Date: 04-11-2010

 Financial manager

The Financial Manager (FM) is the person whose responsibility includes the overall financial
operation. He is responsible for providing financial advice and support to clients and colleagues
to enable them to make sound business decisions. One person in each department, usually the
Department Administrator or Director, generally directs the department’s financial operations.

Financial manager responsible for:

The role and responsibilities of a Finance Manager may vary from company to company but
some basic responsibilities are as follows;

 Approve or reject, or coordinate the approval and rejection of, lines of credit and
commercial, real estate, and personal loans.

 Develop and analyze information to assess the current and future financial status of firms.

 Establish procedures for custody and control of assets, records, loan collateral, and
securities, in order to ensure safekeeping.

 Evaluate data pertaining to costs in order to plan budgets.

 Prepare financial and regulatory reports required by laws, regulations, and boards of
directors.

 Arranging new sources of finance for a company's debt facilities.

 Prepare operational and risk reports for management analysis.

 Communicate with stockholders and other investors to provide information, and to raise
capital.

 Analyze and classify risks and investments to determine their potential impacts on
companies.

 Direct insurance negotiations, select insurance brokers and carriers, and place insurance.
  Establish and maintain relationships with individual and business customers, and provide
assistance with problems these customers may encounter.

 Examine, evaluate, and process loan applications.

 Recruit staff members, and oversee training programs.

 Review collection reports to determine the status of collections and the amounts of
outstanding balances.

 Managing a company's financial accounting, monitoring and reporting systems.

Analyzing competitors and market trends.

The finance manager has a very important position within a company, and his decisions will
determine the financial stability of the company.