Finance managers create and oversee departmental budgets. They create relevant financial forecasts for their business. They collaborate with other managers and staff members to determine the company's budget for the future. The department monitors the ongoing expenses to ensure that they do not exceed the budget. They request appropriate managers for clarification if their departmental expenses exceed the budget they have established. They are accountable for the timely and accurate reports of different. They are responsible for the management of different projects and assign the responsibility to their employees. They communicate with their staff on the progress of their projects. They should ensure that their projects are completed within the set deadlines. They should conduct evaluations of performance promptly and provide prompt feedback to their employees. They should have previous managerial or supervisory experience within the same field. They should have excellent interpersonal and leadership abilities. They should have exceptional writing and oral communication abilities. They should be able to create a strong teamwork. They should be confident in giving presentations and facilitating various meetings with staff. They should have an undergraduate degree in management, finance, business administration, accounting or any other related field. Certain employers prefer candidates who possess CPA certificates and/or MBAs. They should have solid analytical abilities. They should be proficient with Microsoft Office suite and their company's computer system. They should have an excellent level of proficiency working with a variety of financial software and reporting tools.

The role of Finance Manager in India is poised for significant growth in the market. According to a 10-year analysis, there is a positive trend in terms of demand and opportunities for this position. With India's expanding economy and increasing foreign investments, the need for skilled finance professionals is expected to rise. Moreover, the government's focus on promoting financial inclusion and digitalization further enhances the prospects for finance managers. Google data indicates a strong outlook for the job role, with ample employment opportunities anticipated in the future. This promising growth trajectory assures promising career options for aspiring finance professionals in India.

How to Learn

As a Finance Manager with 0-3 years of experience in India, your key responsibilities include:<ul><li>Conduct financial analysis to assess the organization's financial health, identify trends, and make recommendations for improvement.</li><li>Assist in the preparation and monitoring of budgets and forecasts, ensuring accuracy and adherence to financial goals.</li><li>Prepare financial reports, including income statements, balance sheets, and cash flow statements, to provide accurate and timely information for decision-making.</li><li>Identify and assess financial risks, develop risk mitigation strategies, and implement internal controls to safeguard the organization's assets.</li></ul>

Roles & Responsibilities

Average take home Salary for a Finance Manager in India is around ₹797273 per year

Salary Breakup

Finance managers create and oversee departmental budgets. They create relevant financial forecasts for their business. They collaborate with other employees and managers to determine the company's budget for the future. The department monitors the ongoing expenses to ensure they're not exceeding the budget. They request appropriate managers for clarification if their departmental expenses exceed the budget they have established. They are accountable for the accurate and timely reporting of different. They are responsible for the management of different projects and assign the responsibility to their employees. They communicate with their staff on the progress of their projects.

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Finance Manager

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