Job Profiles of Corporate Finance Professionals

enter site Job Profile after Corporate Finance Program

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source link A corporate finance professional is expected to manage the company’s day to day financial transactions: right from recording transactions to taking financial decisions of seeking or giving loans, determining the credit tenure to debtors, investing in long term or short term assets, investing financial resources in a new project, diversification or divestment of a unit, etc. In short, no company can survive without a financial professional, else, without proper financial planning, the company will soon run out of business.

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http://hiddenacres.ca/site/?m=education-loan-compare-india Let’s delve deeper into various areas in Corporate Finance –

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source url easy loans online get paid instantly At the entry level, candidates join as Analysts or Assistant Managers. Some of the key areas of responsibility are:

  • Accounting and bookkeeping: Maintaining ledger books, preparing vouchers, and supporting documents for evidence, recording transactions, preparing bank and vendor reconciliations, etc.
  • Compliance with all tax related and regulatory requirements and suggestions on improving tax structure: Filing challans, paying taxes, making revisions as per the latest tax laws, tax planning to ensure cognizance with law.
  • Gathering, analysis and reporting of financial data on a periodic basis to all stakeholders (daily/weekly/monthly): Preparing consolidated statements for stakeholders in compliance with regulatory laws.
  • Liasoning with overseas branches to ensure accurate reporting of transactions.
  • Assessing the funds and working capital required, assisting in fund-raising and actively managing working capital: Interacting with banks and funding institutions, giving advisory services to management on management of capital, etc.
  • Preparing project reports and financial models and get the same appraised from banks and financial institutions.
  • Getting optimal audit rating from rating agencies by maintaining the norms and compliance with corporate and tax laws.
  • Managing foreign exchange exposure and hedging risks.
  • Managing long-term and short-term investment strategies
  • Effectively managing Banks/ Lenders, Board of Directors and investor relationships
  • Assisting in potential M&A / Fund raising / IPO activity
  • Overall striving towards efficient management of the company’s resources and minimizing costs
  • Conduct or assist in internal checks or audits
  • Preparation and monitoring of budgets, taking steps for unfavorable variance found
  • Organization of financial information to make financial statements
  • Cash Flow Management: Ensuring reduction of idle funds and keeping a track on liquidity.
  • Treasury Management
  • Timely Payment to Creditors
  • Strategic Planning on determining financial viability of a particular project

http://selinathompson.co.uk/?m=texas-law-on-payday-loans-collection Job profiles of finance professionals is too vast and extensive. He is expected to juggle myriad of responsibilities in smaller firms. However, in bigger organizations, they have professionals who specialize in various areas. Usually, a CFA, CA, MBA (Finance), CPA, CIMA professionals are desired in corporate finance. Of course, smaller organizations hire commerce graduates, but, growth is slow in this case. On the other hand, having a professional degree will certainly accelerate his/her career growth.