Johsen Ryan Pineda Financial Management

BSBA FM – 1

Importance and Role of a Financial Manager

A certain organization is composed of many workers, we have office workers,

management workers, marketing team, and also, we have the financial workers, also known as
the financial management team. This team has a so-called Financial manager, and what is that,
is it important to a company to have such thing?

Let’s start, so what is the importance of a Financial manager? A financial manager has a
very important role in a certain organization, he’s role is to plan for your companies future, it
means that all of the company’s major transaction, the financial manager handles it, like for
example, buying a certain land or equipment, this transaction like this, a financial manager
examines the price, the company’s capability of buying it, and the company funds. Another role
is that whenever a company wants to invest on something, the financial manager must first take
a look of its proposal, the manager must study it so that in the near future, the company will not
regret it. Another thing is, the financial manager must lead the company to wealth
maximization over the year so that he/she can maintain the flow of money to the company and
lastly he/she is the one who encouraged investors to invest in the company by presenting the
future plans of the company.

In short, the Financial manager is the one who make financial future plans for the company, and
he/she is the one responsible for a company’s financial decisions.

Without a Financial manager in the company field, the company cannot be managed
well by the owners, the company can just make a careless decision and can end up bankrupt.