Financial Management as a Career, Career Profile

In: Business and Management

Submitted By smak3000
Words 396
Pages 2
The nature of the work of a financial manager varies a lot with their specific titles, which include controller, treasurer, credit manager, etc. Controllers direct the establishment of financial reports that sum up and predict the organization's financial position, such as income statements, balance sheets, and analyses of future earnings or expenses. Controllers also are responsible for preparing special reports required by regulatory authorities. Often, controllers superintend the accounting, audit, and budget departments. Treasurers and finance officers oversee the organization's financial goals, objectives, and budgets. They overlook the investment of funds and manage associated risks, supervise cash management activities, execute capital-raising strategies to support a firm's expansion, and deal with mergers and acquisitions. Credit managers manage the firm's publication of credit. They establish credit-rating criteria, determine credit ceilings, and monitor the collections of past-due accounts. Managers specializing in international finance acquire financial and accounting systems for the banking transactions of multinational organizations. In summing up to the general duties described above, all financial managers execute tasks unique to their organization or industry. The role of the financial manager, particularly in business, is changing with these new technological advances that have reduced the amount of time it takes to produce financial reports. They often work on teams, acting as business advisors to top management. Financial managers need to keep abreast of the latest computer technology in order to increase the productivity of their firm's financial operations.

The working conditions of financial managers is usually in an office, close to top managers and departments that develop the financial data these managers need. They mainly work long hours…...

Similar Documents

Career Opportunities in Sports Management

...Running head: CAREER OPPORTUNITIES IN SPORTS MANAGEMENT NORTHCENTRAL UNIVERSITY ASSIGNMENT COVER SHEET Learner: Ronnie Wayne Autry || SML7005|Dr. Shani Compton| || Sports Revenue Management and Leadership|Assign # 11: Sports Management Career| || Faculty Use Only Career Opportunities in Sports Management Abstract This study was designed to explore the specific competencies essential for a career in sports management and promotion in campus, public, and recreation settings. Utilizing the means of the Competencies of Sport Managers device, the competencies of sport administrators and managers were represented by four factors, identified as Management Techniques, sport programming, business administration, and theoretical perspectives. Discriminant analysis revealed that sport administrators in campus recreation settings placed more emphasis on theoretical perspectives and less emphasis on sport programming. When compared to sport management, administrators in the promotions departments placed more emphasis on sport programming and theoretical perspectives, with faculty placing more emphasis on management techniques and business administration. This study reinforces the need for professional sport commissioners and managers to possess a strong management and business base, along with competence in sport programming and recreational sport theory/foundations. Achieving greater understanding of the......

Words: 3995 - Pages: 16

Career Management

...Career Management Guide In the current career environment, individuals with alternatives obtain more challenging and growth-oriented opportunities. Individuals with alternatives need not accept consequences, rather they create opportunities for themselves. Career Management Guide Section 1 Paaggee 11 SECTION 1: CAREERS TODAY Part 1 - The Environment, Career Issues and Trends The Importance of Education and Experience In the current economic environment, education is becoming increasingly critical to career success. While employment rose for Canadians with university and college educations, 651,000 fewer jobs existed for those people without high school qualifications. Unemployment rates in the U.S. exceed 10% for those with less than a high school diploma and approximately 2.5% for college graduates.1 When professional designations (i.e., accounting, engineering) are taken into account, the data on employability and income is skewed in favour of the professional, relative to those who possess only a post secondary educational background. However, in order to maintain a competitive edge, individuals must continue to invest in their development throughout their careers. Specifically, with respect to the future for business and accounting positions, “growth due to the increasing number and complexity of business operations will be offset somewhat by corporate restructuring and downsizing of management, resulting in average growth for executive, administrative and......

Words: 6685 - Pages: 27

Career Profile

...Running head: CAREER PLAN BUILDING ACTIVITY Career Plan Building Activity Tiffany East BCOM/275 3/11/14 Dr. Joanne Tritsch Career Plan Building Activity I took the Career Interest Profiler quite a while back. I do not recall the testing method, but while viewing the results I do recall the impression it left on me. According to my results, I was assigned conventional, social, and realistic aptitudes. I agree with this assessment; the description seemed to describe the needs in my current career. According to the profile, “conventional occupations frequently involve following set procedures and routines” (University of Phoenix, 2014). In my role as a trainer and Continuous Improvement, this was my job description exactly. The Social Aspect perfectly aligns with my strong communication skills and mentoring roles I have adopted with many employees. The last of the profile indicated ‘realistic’ aptitude, which lends itself to “practical, hands-on problems and solutions” (University of Phoenix, 2014) which is also the goal of Lean Six Sigma and Continuous Improvement. I cannot say I agreed with the career matches, but in all other aspects, the profile was correct. The Career Plan Building Activity: Competencies was completed a while ago, and I cannot recall the questions it uses to assess to competencies. The report does not provide detail, but I can comment on the results I have available. The highest......

Words: 384 - Pages: 2

Career Management

...Career Development Plan Part Iii-Performance And Career Management Career Development Plan Part III – Performance and Career Management Damesha N. Horace HRM/531 Human Capital Management June 21, 2010 Career Development Plan Part III- Performance and Career Management A training and mentoring program was implemented for the new InterClean sales force. Our next step is to develop a performance and career management program that continues to work in alignment with the company’s new strategic direction. Performance management includes activities to ensure that goals are consistently being met in an effective and efficient manner. Performance management reminds us that training, strong commitment, and hard work alone is not enough to achieve desired results. InterCleans major contribution of performance management is its focus on achieving results – the sales team will be trained to engage directly with facilities managers, health care professionals, and operational executives in their customers' organizations (University of Phoenix, n.d). In addition to performance management, career management is a critical tool that will be applied to provide employees with a life long, self-monitored process of career planning that involves setting personal goals and formulating strategies for achieving them. The development of a performance and career management program will explain the employee feedback process, manager’s assistance with helping employee’s reach a higher......

Words: 300 - Pages: 2

Career Management

...Outline and explain the four steps of the career management process- Self Assessment- This helps the employee identify developmental needs, values and aptitude. Employers gain insight on an employee’s current situation and resources. The employer can identify what to consider for their future plans and career status. Reality Check- Employees get info on their skills, knowledge and where they fit in into the company. Employers communicate opportunities available, performance evaluation and where they fit in long term. Goal Setting- Identify the goal, and the method of determining their progress towards the goal. The employer makes sure the goal is specific, challenging and attainable. Committing to help the employee reach his or her goals. Action Planning- The employees identify the steps and timetable to reach goals. The employer identifies the resources needed including courses, work experience and relationships. Describe and discuss the family friendly schemes that fall into the category of the other employer-divided benefits. Family Leave- This gives employees time off to care for their dependents when the need arises. Paid family leave remains rare in the United States, but unpaid leave is required by law for up to 12 weeks. Most employees do not take the full 12 weeks many cannot afford to, especially if they are in charge of their household and some are unwilling to use it fully for fear of damage to career opportunities. Child care- This takes......

Words: 1926 - Pages: 8

Career Interst Profile

...Your Career Interest Profile: Based on what you told us, you are... Social Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others. Conventional Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow. Investigative Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally. Your Career Matches ... Counselors, Social Workers, and Other Community and Social Service Specialists Explore Jobs Probation Officer Medical / Clinical Social Worker Academic / Guidance Counselor Career Counselor Vocational Rehabilitation Counselor Family / School Social Worker Health Educator Social / Human Service Assistant Mental Health / Behavioral Counselor Family / Behavioral Therapist Substance Abuse Counselor Explore Degree Options Bachelor Of Science In Psychology Master Of Science In Psychology Bachelor Of Science In Human Services/Management Bachelor Of Science In Human Services Master Of Science In Counseling/School Counseling Bachelor Of Science In Business With A Concentration In Human Resource Management Human Resource Management Certificate Graduate Human Resources......

Words: 669 - Pages: 3

Career Management

...article discusses several methods and indicators of quality and strategy when linked to strategic human resource management. What key aspects of this article do you think you can apply most to your current organization? Since the article was published, many things have changed that might make this article of limited use. Please find a more contemporary piece (2010 or after) on the topic and summarize the article. Your response to this should include at least one outside reference from an academic journal and provide a solid overview of your understanding of strategic Human Resource Management. Respond to at least two of your fellow classmates posts. The task in any Human resource department of an organization, is to effectively manage and execute the best of performances (Appleby & Mavin, 2000) – from scouting, hiring, training, promoting and retaining. Quality matters, and lack of it will create an unpleasant organization and possible loss of revenue. Indeed times have change and with the rapid changes in technology such as mobile platforms, use of social media and more efficient machineries, as in the case of the Department of Defense (Case study, 2014). However, with these improvement also comes the need for more precision, accuracy and very little room for error and lackluster performances by organizations, thus requiring more strategic human resource management. These strategies should make all organization members feel valued, appreciated and welcomed. It should......

Words: 649 - Pages: 3

Careers in Management Consulting

...Careers in Management Consulting WetFeet Insider Guide 2005 Edition The WetFeet Research Methodology You hold in your hands a copy of the best-quality research available for job seekers. We have designed this Insider Guide to save you time doing your job research and to provide highly accurate information written precisely for the needs of the job-seeking public. (We also hope that you’ll enjoy reading it, because, believe it or not, the job search doesn’t have to be a pain in the neck.) Each WetFeet Insider Guide represents hundreds of hours of careful research and writing. We start with a review of the public information available. (Our writers are also experts in reading between the lines.) We augment this information with dozens of in-depth interviews of people who actually work for each company or industry we cover. And, although we keep the identity of the rank-and-file employees anonymous to encourage candor, we also interview the company’s recruiting staff extensively, to make sure that we give you, the reader, accurate information about recruiting, process, compensation, hiring targets, and so on. (WetFeet retains all editorial control of the product.) We also regularly survey our members and customers to learn about their experiences in the recruiting process. Finally, each Insider Guide goes through an editorial review and fact-checking process to make sure that the information and writing live up to our exacting standards before it goes out the door. Are......

Words: 28500 - Pages: 114

Career Management

...Career Self-Development | Research Paper | | | | Majd Mohammed | [Pick the date] | | Contents 1. Introduction 3 2. Classification of Career 3 2.1. Overall Goals & Objectives Development 3 2.2. Short Term Career Goal (few months to 2 years) 4 2.3. Long Term Career Goal (above 10 years) 4 2.4. Making Career Choices and Decisions 4 2.5. Managing the Organizational Career 4 2.6. Managing Boundary-less Careers 4 2.7. Taking control of personal development 4 3. Career Planning 5 3.1. Importance of Career Planning 5 4. Process of Career Planning 5 4.1. Self Assessment 5 4.2. Self Development 6 4.3. Career Research and Development 6 4.4. Action Plan 6 5. Need to Understand Career Self Management 7 6. Types of Career 7 7. Career Orientation 8 7.1. Organizational Tenure and Age 8 7.2. Employment Status and Gender 9 7.3. Educational Level and Employability 9 8. Conclusion 9 9. References 10 1. Introduction Career Self Management also referred to as Individual Career Management can be expressed as self monitored and examined process of planning the carrier. It involves selecting and setting of goals and working on strategies for achieving them. In recent times career options have increased to a great extent. Career opportunities have also increased due to rapidly development of technology and globalization. It is very essential to manage the career and understand the opportunities......

Words: 3008 - Pages: 13

Personal Career Profile

...Personal Career Profiler Elisa Huggs MGT/521 Management April 02, 2015 Gloria Flores Personal Career Profiler Developing a career profile is not simple, especially when the individual has unclear professional goals. However, if this have an excellent career influence and direction in mind things are easier. Taking into consideration that the University of Phoenix not only encourage its students to meet their goals although provide them with practical and useful tools to achieve those goals. For an undecided student counting with a reliable support and consistent academic advice is a bonus. The career interest profile in the official school site offers a complete set of tools that help to guide the students. The ultimate purpose of these tools is to support the student throughout the scholar journal to become successful professional. With the help of the information discussed during this course and all the available tools Elisa had learned that establishing realistic goals, building confidence and sharpen skills are the first steps to becoming a real professional. She also had learned that creating an excellent resume and craft the personal image is essential; same as learning basics networking skills, maybe finding a mentor, using school connections and writing a good quality cover letter that employees would want to read (Robbins and Coulter, 2012). Elisa states she is well prepared for interviews and...

Words: 370 - Pages: 2

Career Management

...Career Management HUMAN CAPITAL MANAGEMENT Douglas Sailer University of Phoenix Career Management PART V: SUMMARY Kudler Fine Foods (KFF) is undergoing new initiatives that will require our sales and marketing team to be restructured in order to meet the new objectives defined by our owner Kathy Kudler. In order to meet these new objectives an additional five positions will be created. This proposal will outline the job descriptions for these five positions, discuss a comprehensive training program to enhance the skills and qualifications of new and current employees, and discuss methods for evaluating employee and team performance, including a progressive discipline process. This proposal will address the challenges of team performance evaluation, particularly the differences in the two appraisal systems and strategies for evaluating team performance. Unique needs, motivations, expectations, individual equity and over all team performance, social loafing, and individual responsibility to the team. The KFF compensation and benefits package will be overhauled to include incentives and a plan for managing employees’ career development. Job Descriptions and Qualifications A new mid-level management position has been filled by Doug Sailer. Doug now serves as Business Development Manager supporting the sales and marketing team. This mid-level position will coordinate business development activities for KFF, including the......

Words: 1826 - Pages: 8

Potential Careers in Sports Management

...Potential Careers in Sports Management Esther Cole University of Incarnate Word This is my very first course in sports management and I have learned that there are many paths I could take once I graduate. Right now it is too early to feel passionate about any one career path. I will discuss various careers in sports management and I how feel about them now as I am just starting out. I hope to look back at this paper when I am finished and see if my views and opinions have changed. The Number of students who decide to get a MBA in sports management has grown significantly since the recession. A Ba in sports management was not producing jobs that many hopeful students thought it would. The sports industry was not immune to the recession like many people thought. Some people thought that the sports business would never feel the effects of the recession but they were wrong. Both the NBA and the NFL cut jobs during the recession and this caused a ripple effect with new graduates. They were forced to take low paying jobs working in the industry but as ticket sellers or working in the concessions. Still others who felt there was no other option took unpaid internships in the hope of landing a job afterward (Belson, 2009). Sports management degrees date back to the 1970’s with a rocky start. The degree was not seen as legitimate, “many academics mocked them for teaching how to mix Gatorade” (Wecker, 2011). The program has come a long way and has advanced into a masters level......

Words: 4466 - Pages: 18

Career Management

...WESTON CAREER CENTER Guide to International Student Career Management OlinCareers.wustl.edu     Guide to International Student Career Management     Weston Career Center             Guide to International Student Career Management  Weston Career Center, Olin Business School  Table of Contents  Introduction ............................................................................................................................................................... 3  A Global Mindset ....................................................................................................................................................... 4  Planning and Preparing for the Job Search ............................................................................................................... 6  Networking in the United States ............................................................................................................................... 8  U.S. Résumé ............................................................................................................................................................. 10  Cover Letters ........................................................................................................................................................... 12  Interviewing .....................................................................................................................................

Words: 8728 - Pages: 35

Career Management

...The term career means the unfolding sequence of a person’s work experiences over time (Arthur, Hall, and Lawrence 1989). A career can be defined as a sequence of various paid and unpaid occupation that one undertakes during his or her lifetime. It is a sum total of various processes and shifts in life path. When talk is about career, it mainly refers to the professions and posts one undertakes but other things like lifestyle, unpaid work, activities with friends etc. also play an equally important part in our career. Earlier, careers meant people following the footpaths of their forefathers, mostly retiring in same job but nowadays, it’s a very vast term, careers are highly dynamic. Now, careers are boundary less. Careers are not bounded to one single company, field or nation. People change their companies, jobs or even the industry they work in. A lot of other factors like work environment, self-development, security etc. hold a lot more importance now. This is so because of the whole new economy we are working in. There is more competition between companies. It is more like a responsibility of a company now to design or provide a career growth path for its employees in order to hire and retain them. Companies go further ahead now providing the opportunities to its employees for career development in the hope for loyalty and better output. So, in this age of dynamism, managing the career or career management is very important. Career Management “Career management uses......

Words: 697 - Pages: 3

Career Management

... Career Management is the combination of structured planning and the active management choice of one's own professional career. The outcome of successful career management should include personal fulfilment, work/life balance, goal achievement and financial assurity. Introduction The word career sucks all types of employment ranging from semi-skilled through skilled, and semi professional to professional. The term careers has often been restricted to suggest an employment commitment to a single trade skill profession or business firm for the entire working life of a person. In recent years, however, career now refers to changes or modifications in employment during the foreseeable future. There are many definitions by management scholars of the stages in the managerial process. The following classification system with minor variations is widely used: 1. Development of overall goals and objectives, 2. Development of a strategy (a general means to accomplish the selected goals/objectives), 3. Development of the specific means (policies, rules, procedures and activities) to implement the strategy, and 4. Systematic evaluation of the progress toward the achievement of the selected goals/objectives to modify the strategy, if necessary. Goals or objectives development The career management process begins with setting goals/objectives. A relatively specific goal/ objective must be formulated. This task may be quite difficult when the individual lacks knowledge of......

Words: 624 - Pages: 3