An important advantage for finance professionals is the opportunity to pursue a career in companies in virtually all sectors of the economy and also in the financial market itself. This is because, regardless of the size of the organization, managing financial activities is always a necessity – which places the area at the heart of the business.
Even in a scenario of economic recession and GDP reduction, opportunities exist, as it is precisely at these times that corporations most need strategies to manage cash flow, costs and results.
However, a major challenge for this professional is to develop a systemic and organized vision of how the financial area works within a company or a bank, for example. After all, financial activities are very venezuela whatsapp data fragmented and it becomes necessary to identify the importance of their role in the whole.
In general, the functions of the financial area involve: cash management, accounts receivable and payable, accounting, internal controls, bank relationship management and investment assessment. Another relevant point is the management of business results. The financial manager 's role is essential to support the board of directors in gaining insights for assertive decision-making.
As important as knowing the financial functions is developing a vision of how the company operates, what its business is and what the competitive dynamics of its sector are.
Challenges and opportunities in each area
See below what to expect from each area of activity in the financial sector.
Corporate and Business Controllership
Challenges of the position: knowledge of the business to prepare the budget and manage it. After all, the budget is not made now and executable over time. It needs constant monitoring so that it is not harmed by possible threats that arise over time.
For example, if it is built within a recessionary scenario, it is less ambitious. However, if the economy recovers quickly, it is necessary to review the plans. It should be seen as a management and performance tool and not as something rigid.
Opportunities: by working in this area, the finance professional who aspires to be a financial manager has the possibility of participating in corporate management at a high level, understanding the business and the financial impact it generates and also supporting the business manager .
Cash flow management
Challenges of the position: In a recessionary market, many companies need to deal with cash flow scaling. This is a challenge for this professional, who needs to have excellent working capital management to balance finances.
Opportunities: to broaden knowledge about the financial market and deepen knowledge about the credit market, as it will be necessary to seek the lines that are most suitable for the company's needs, considering term, risk and cost.
Internal planning and budgeting
Job challenges : as this is the area responsible for forecasting the financial impacts of business strategies, the professional who will work in this activity must have objective criteria and know how to correctly evaluate investment opportunities for resources, making choices that generate value for shareholders and stakeholders .
Opportunities : Participating in the company's most relevant projects and its future development is one of the main opportunities in this area. The professional can see the company's future and act strategically.