If you’re looking for a career in financial management, then South Africa is a great place to start. In fact, if you want to work as a financial manager in South Africa and are looking for training and certification opportunities, then we’ve got the answer right here!
What Does a Financial Manager Do?
A financial manager handles the financial aspects of a company. This includes budgeting, accounting and financial planning. They also help with the management of human resources, marketing and sales.
Companies or governments can employ a financial manager to manage their finances on behalf of the company itself or through contracts with another organization
A Day in the Life of a Financial Manager
A financial manager’s day-to-day duties can vary depending on the company they work for. They may manage an entire department or just one specific aspect of it, like payroll. Some financial managers also manage their employees’ compensation packages, along with other corporate benefits such as healthcare and vacation time.
A typical day might include:
- Reviewing reports from different departments to make sure they’re accurate and in line with budgeted costs
- Meeting with customers who have questions about their accounts or products offered by the company
Daily activities for this profession
The daily activities that you perform as a financial manager will vary based on your employer and position. Most financial managers perform financial and market analysis, executive financial advising, and personnel management. Financial managers handle the financial health of an organization by evaluating its current strengths and weaknesses in order to determine how best to allocate resources among various goals.
Plenty of skills needed to be qualified for this
- Financial knowledge: You need to understand how money works, the risks involved and how it affects your life. This includes understanding the basics of investing, managing personal finances and budgeting.
- Market knowledge: You need to know what drives markets, such as inflation or interest rates. This can help you make informed decisions on how best to invest your clients’ money.
- People management skills: Handling multiple people at once is a vital part of being a financial manager in South Africa. You need good communication skills so that you can communicate effectively with clients about their savings goals or investment strategies – this could include explaining complex financial concepts in plain English!
Conclusion
We hope this information has helped you understand the variety of skills needed to be a financial manager. If you have questions about the position, please let us know in the comments below!
