Financial and Investment Manager

Almost every firm, government department, and organization has one or more financial managers who oversee the preparation of financial reports, direct investment activities, and implement cash management strategies.

Financial managers are usually appointed as heads of the financial divisions of companies. The financial division is responsible for recording, analysing and interpreting financial data. Financial reports are then made available to the relevant people, for example the managing director, the bank manager and the shareholders of the company. The financial division also compiles the annual and other budgets. In addition, this division is responsible for the completion and submission of company tax returns.

The financial division can provide important information on a company’s performance. The financial manager sets the cost-standards for the company and regularly checks the actual performance of the company against these standards. As computers are increasingly used to record and organise data, many financial managers are spending more time developing strategies and implementing the long-term goals of their organisation.

The duties of financial managers vary with the level of their seniority. For example, the top financial executives of an organisation oversee all financial and accounting functions and formulate and administer the organisation’s overall financial plans and policies. In small firms, financial managers usually handle all the financial management functions, while in large firms, they direct these activities through other financial managers, each heading up different financial sections, which may include:

Financial control: This section is responsible for the preparation of financial reports that summarise and forecast the organisation’s financial position, such as income statements, balance sheets, and analysis of future earnings or expenses; also for the preparation of special reports required by regulatory authorities. This section may also oversee the accounting, audit, and budget departments.

Treasurer: This section directs and implements the organisation’s financial goals, objectives and budgets. They oversee 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.

Cash flow: Here the flow of cash receipts and disbursements are monitored and controlled to meet the business and investment needs of the firm. For example, cash flow projections are needed to determine whether loans must be obtained to meet cash requirements or whether surplus cash should be invested in interest-bearing instruments.

Risk and insurance: These managers oversee programmes to minimise risks and losses that may arise from the financial transactions and business operations undertaken by the institution. They also manage the organisation’s insurance budget.

Credit managers:They oversee the firm’s issuance of credit. They establish credit rating criteria, determine credit ceilings, and monitor the collection of past overdue accounts. Managers specialising in international finance develop financial and accounting systems for the banking transactions of multinational organisations.

Investment managers carry out functions closely related to those of financial managers and these positions are often combined. Investment managers determine the best means of investing material and financial resources. They consider the risk of the use of various investment media such as shares, property, deposits, jewellery, diamonds, gold coins, paintings and international currencies.

Computers play an important role in the work of financial and investment managers. These managers have a good deal of administrative work, which includes work with properties, shares, transfers and debentures. Larger firms employ company secretaries and/or transfer secretaries to do the administrative work, but in smaller firms the financial and investment manager is also responsible for this. They may also be required to make calculations, prepare reports, attend meetings, write letters, and accumulate and file records.


  • large and small commercial and industrial firms

  • government departments, municipalities

  • financial and insurance institutions

  • self-employment, for example as financial and Investment consultants, insurance brokers, property consultants and stockbrokers

Where to Study

Papua New Guinea
Divine Word University
Saint Vincent and the Grenadines
University of the West Indies